Howard Ruby: A Journey of Innovation and Wealth
Howard Ruby, a pioneer in the corporate housing industry, has amassed an impressive net worth of around $3.5 billion. His remarkable journey began in 1960, when he co-founded Oakwood Worldwide, a company that revolutionized the concept of temporary housing.
Oakwood Worldwide and Corporate Housing Dominance
Oakwood Worldwide’s extended-stay furnished apartments catered to the growing demand from business travelers and vacationers. Under Ruby’s visionary leadership, Oakwood expanded globally, becoming the world’s largest supplier of serviced apartments. This success played a significant role in building Ruby’s wealth.
Investments and Real Estate Empire
Ruby’s business acumen extended beyond Oakwood Worldwide. His astute investments, including a major stake in Sunac China Holdings, have catapulted his net worth to new heights. Additionally, Ruby’s discerning taste for real estate is reflected in his acquisition of a lavish $45 million Italianate estate in Bel Air.
Philanthropic Endeavors
Despite his vast wealth, Ruby is known for his philanthropy. The Howard Ruby Foundation, established in 2006, supports environmental conservation, social justice, and the arts. Ruby’s dedication to giving back to his community highlights his belief in the transformative power of social responsibility.
Key Takeaways
- Howard Ruby’s visionary leadership and entrepreneurial spirit in the corporate housing industry have been instrumental in his success.
- His savvy investments and ability to identify growth opportunities have significantly contributed to his $3.5 billion net worth.
- Ruby’s philanthropy demonstrates his commitment to making a positive impact on society.
- His journey serves as an inspiration to entrepreneurs and philanthropists alike, showcasing the potential for innovation, hard work, and giving back.