Howard Rich
| Howard Rich | |
|---|---|
| Born |
Howard S. Rich 1940 (age 76–77) Brooklyn, New York U.S. |
| Residence | Philadelphia, PA U.S. |
| Citizenship | American |
| Education | Baruch College, NY, NY |
| Alma mater | New York University Stern School of Business |
| Occupation | Real estate investor |
| Years active | 44 |
| Employer | Self |
| Known for | Activism for democracy |
| Home town | Brooklyn |
| Spouse(s) | Andrea Rich |
| Awards |
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Howard S. Rich, also known as Howie Rich (born 1940) is a Manhattan-based real estate investor who is notable for funding libertarian-oriented political initiatives such as term limits, school choice, parental rights regarding education, limited government and property rights. He has published essays advocating these positions. He established advocacy organizations such as Americans for Limited Government and U.S. Term Limits. He is currently the chairman of several organizations including Legislative Education Action Drive and the Parents in Charge Foundation. Rich has been described as one of the "lower-profile moneymen in American politics" but as a prominent "force in elections across the country." Rich focuses his advocacy mostly on local issues like term limits, not on national campaigns, and doesn't see himself as leaning right or left. He is an effective advocate; National Public Radio identified Rich as a leader behind the independent groups with potential to influence elections.
Rich attended the George W. Wingate High School in Brooklyn, New York. While a senior, he earned the New York State Regents scholarship. He studied economics at Baruch College in New York City. He studied investing at the New York University Stern School of Business. According to one source, Rich initially had a plumbing contracting business, but used its revenues to buy real estate. He became a real estate entrepreneur around 1965. He began a pattern of buying Manhattan properties, fixing them up, and selling them. In 1970, he bought a multiresidential building. During the next two decades he bought more buildings and modernized them. Rich described his real estate strategy: "I bought buildings when no one else wanted them, then I sold them." By 1986 he owned 17 buildings but sold 15 buildings. After the 1987 stock market crash he sold one more building. In 1989 he exchanged his remaining property for a property in Houston. In the 1990s he began purchasing Manhattan properties again. In the 2000s, he sold some Manhattan properties and bought garden apartment developments in different states.
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