Leonard Litwin

Leonard Litwin (October 16, 1914 – April 2, 2017) was an American real estate developer who, through his company, Glenwood Management, specialized in residential construction. His firm currently owns and operates about twenty-four buildings in Manhattan. and rents about 4,200 high-end units.Forbes: The 400 Richest Americans - Leonard Litwin
October 2007 His buildings have a reputation for being well-built and managed.

Biography

Born to a Jewish family,New York Magazine: "Charities, Old People, Jews Hit Hardest by Madoff Fraud" By Jessica Pressler
December 15, 2008 Litwin began his career in the nursery business with his father. In the 1950s, however, Litwin became interested in real estate development and began building high-rise apartment buildings on Manhattan's Upper East Side. In the 1960s Litwin built what was then city's largest luxury high rise, The Pavilion. His Liberty Plaza, a 45-story apartment rental complex, was the first new building to rise in Manhattan after the September 11 attacks.

In 2006, Litwin ranked number 374 on the Forbes 400, with a net worth of approximately $1 billion. In 2007, he had dropped to number 891, with a net worth of still around $1 billion. He was named as one of the holders of an account with alleged Ponzi scheme firm Bernard L. Madoff Securities in a court filing in February 2009.

Philanthropy and political activities

Notwithstanding his success in real estate, Litwin remained in the nursery business, operating Woodbourne Cultural Nurseries, Inc., in Melville, on Long Island, NY. He was turning the nursery into an arboretum of over 200 acres. With fellow developer Don Zucker, he co-founded the Litwin-Zucker Research Center for the Study of Alzheimer's Disease at The Feinstein Institute for Medical Research in Manhasset, New York, and substantially supported research at several hospitals. Additionally, Litwin established The Litwin Foundation.

In 2012, at age 97, he was rated as the highest individual donor to New York State politicians in the past year, with donations amounting to $700,000.New York Post: "‘Old’ money" by Erik Kriss
February 1, 2012 He avoided caps on his donations by using his limited liability companies (LLCs). He gave state Republicans $436,500 and Governor Andrew Cuomo $76,000. William Street Associates is an LLC which once was headed by Leonard Litwin. The firm made a donation to Peter Vallone's campaign in 2000. In 2017, the Crohn's & Colitis Foundation renamed its Broad Medical Research Program to the Litwin IBD Pioneers Initiative after Litwin for his lifelong support for the IBD community.

Personal life

Litwin was married to Ruth Litwin; she died in 2014. They had two daughters: Carole Litwin Pittelman, acting as the company's president, and Diane Litwin Miller.

Leonard Litwin died on April 2, 2017, at the age of 102.Leonard Litwin, New York Real Estate Mogul, Dies at 102
''The New York Times''. Retrieved April 3, 2017.

See also

*List of investors in Bernard L. Madoff Securities

References

{{DEFAULTSORT:Litwin, Leonard
1914 births
2017 deaths
American billionaires
American men centenarians
20th-century American Jews
Businesspeople from New York City
American businesspeople in real estate
20th-century American businesspeople
21st-century American Jews
Jewish centenarians