Steve Rubell Net Worth
Steve Rubell has amassed a large net worth after years in business. The former Syracuse University student, who met his future business partner, Ian Schrager, in the fraternity Sigma Alpha Mu, began his career working in a brokerage firm and eventually began his own firm. He has been responsible for the success of restaurants such as the Steak Lofts, which have two locations in New York City and one in Mystic, Connecticut.
The entrepreneur, born in New York, grew up in Brooklyn. While in high school, he began studying business and met Ian Schrager, a fellow Sigma Alpha Mu member. Upon graduating from college, Rubell joined the New York National Guard, part of the United States Army. While there, he served in the military intelligence unit. After one tour of duty, he returned to New York. Although Rubell was not a high honor student, he did develop excellent business instincts, which led to a successful career.
The Rubell family’s collection of art is one of the largest collections in the world, with thousands of works by thirty artists. The collection was created in a former Drug Enforcement Agency confiscated-goods warehouse, which has since become a cultural district. A few interesting facts about Rubell can be found on Wikipedia. In his youth, Rubell worked as a doorman at an upscale nightclub.
After founding Studio 54 disco in New York City, Rubell also owned two steakhouses. In 1977, he made $7 million from his business. However, Rubell’s arrogant attitude attracted the attention of the FBI and he and his business partner were charged with tax evasion. They were convicted and sentenced to three and a half years in prison. Upon their release, they spent several months in a halfway house.
Steve Rubell was born in New York City and raised in Los Angeles. His father, Don Rubell, was a postal worker. His mother, Nancy, was a head start teacher. He later grew to become a tennis pro and opened a clothing store called Rubell Family Collection. In his later years, he built up a collection of over seven hundred pieces by more than 1,000 artists.
Steve Rubell’s net worth is largely determined by the amount of money he has made from his businesses. He was an entrepreneur in the 1970s and 80s, launching several successful businesses. He later opened the Palladium hotel with Peter Gatien. His net worth remains under wraps.
Rubell is also an artist. His career includes a variety of different mediums, such as painting, drawing, and sculpting. He has an impressive Twitter following and has shared various parts of his life experience with his followers. In fact, his Twitter account has reached huge popularity as of late.