Want to know about Ian Schrager’s net worth? The entrepreneur made several headlines as he opened up about his launch of the new “boutique hotel.” Being the owner of Studio 54, fans are lately curious to know how much Ian Schrager has earned so far. What’s with his monetary and materialistic wealth? Ian Schrager recently earned credits for co-creating the “boutique hotel” accommodation. Hailing from New York City, he isn’t just an entrepreneur but also a hotelier and real estate developer.
It was in the late 1970s when Ian Schrager, along with his partner, Steve Rubell, worked with Studio 54. However, it has now become a Broadway theatre. Over the years, Ian worked for many hotels and residential deals. Not forget ro mention, he has a self-titled company that develops and manages projects.
Previously, Ian Schrager worked with Julian Schnabel in transforming Gramercy Park Hotel. The former doesn’t own it now. While we talk about Ian Schraber’s net worth, we can’t forget to mention PUBLIC. That’s his new hotel brand. Little did you know, it was his first project as an independent hotelier. Ian Schrager is regarded as one of the most powerful people in global hospitality. Don’t you agree with this? He got this title in the mid of last year.
Coming back to Ian Schrager’s monetary earnings, he has made the most of his wealth from his business ventures. Be it his hotel deals or residential projects. Owning stocks of different companies is also believed to be another great source of his income. How much is Ian’s wealth? Here is what we know about Ian Schrager’s net worth.
Also Read: Kevin Spacey Net Worth
Ian Schrager Net Worth: Earnings Revealed
Talking about his monetary accumulation, Ian Schrager’s net worth is estimated to be a whopping $250 million. As mentioned earlier, Ian has made the most of it by being a successful and renowned real estate developer and hotelier.
In case you didn’t know, Ian Schrager owns hotels in different parts of the world. That includes- Abu Dhabi, Barcelona, Los Angeles, Iceland, Shanghai, New York City, and Chicago. Not to forget to mention, Ian Schrager’s net worth got added up with a lump sum amount from his PUBLIC hotel brand. Also the same as his partnership with Marriott International.
Studio 54 was also a major part of his wealth. On this note, he once said, “There were other nightclubs around at that time. But, Studio 54 took things up a notch.” It reportedly made $7 million in the first year of its operation. Meanwhile, he was imprisoned due to a case of tax evasion. But, he was later pardoned by then-President, Barack Obama.
Born in 1946, Ian Schrager is now 77 years old. But who would say that? He is still going strong with his real estate and hotel deals. In other words, he is ruling the field. Discussing Ian Schrager’s ventures, it was in 1975 when he partnered with Steve Rubell and opened Enchanted Garden. It is a disco in Douglaston, Queens. No doubt, it also added a hefty amount to Ian Schrager’s net worth.
How can we forget to mention Palladium? Ian Schrager co-created it in the old Academy of Music building in New York City. It was in the 1980s when he transformed his sight into hotels. Morgans Hotel Group was the first one, though, founded in 1984. No doubt, it was very much successful, which led him co-create other hotels, including- Paramount Hotel, Royalton Hotel, and Mondrian Hotel. After several years, more precisely in 2005, Ian Schrager sold out the Morgans group.
With Ian Schrager’s net worth being huge, the hotelier made several investments in cars. At various events, Ian got spotted stepping out of the same. We shall update you with Ian Schrager’s luxurious car collection real soon. The same goes for his real estate properties. It spread across the world. Best Wishes to Ian Schrager for the upcoming days of his life. Make sure to follow Ian on his social media account for more updates.
Also Read: Richard Lawson Net Worth