Stephen R. Karp
| Stephen R. Karp | |
|---|---|
| Born | 1941 (age 74–75) |
| Nationality | United States |
| Ethnicity | Jewish |
| Education | B.A. Boston University |
| Known for | Chairman and CEO of New England Development |
| Net worth | $1.0 billion (2006)[1] |
| Spouse(s) | Jill Karp |
| Children |
Douglass Karp Jana Karp |
| Parent(s) |
Beatrice Taylor Karp Harold Karp |
Stephen R. Karp (born 1941) is an American real estate developer and billionaire.
Biography
Karp was born to Beatrice G. (née Taylor) and Harold Karp.[2] Karp worked construction during the summer while attending Boston University[3] where he graduated. After school, he worked for a real estate development firm whom he convinced to partner with him to develop a shopping center in Danvers, Massachusetts named the Liberty Tree Mall,[3] one of the first enclosed malls in the Northeast.[4] The mall opened in 1972[4] and was successful. In 1978, he founded his real estate development company New England Development[4] and then went on to develop over 20 malls before selling 14 of them for $1.75 billion to the Simon Property Group.[1][3]
Karp served as chairman of the Board of Trustees of the International Council of Shopping Centers and is a member of the Greater Boston Real Estate Board and the Urban Land Institute.[4]
Philanthropy
In 2013, Karp received the Combined Jewish Philanthropies (CJP) Edwin N. Sidman Leadership Award.[5] He served as chairman of the Board of Trustees of Boston Children's Hospital, as a trustee and chairman of Children's Hospital Trust, and as chairman of the Dana-Farber/Children’s Hospital Cancer Care; he also served on the Board of Trustees of Boston University, Belmont Hill School, and the Boston Youth Sanctuary. He is on the Board of Overseers of Newton-Wellesley Hospital and the Boston Symphony Orchestra.[4]
Personal life
Karp is married to Jill Karp and has two children:[1] Douglass and Jana.[6]
References
- 1 2 3 Forbes: "The 400 Richest Americans - #374 Stephen R Karp September 21, 2006
- ↑ Boston Globe Obituaries: "Beatrice G. (Taylor) Karp" July 13, 2011
- 1 2 3 Boston Magazine: "The 50 Wealthiest Bostonians" By Francis Storrs March 2006
- 1 2 3 4 5 Combined Jewish Philanthropies: "Stephen R. Karp" retrieved July 12, 2014
- ↑ Goulston Storrs Press release: "Goulston & Storrs Congratulates Longtime Client Stephen R. Karp of New England Development, Honored by Combined Jewish Philanthropies" February 2013
- ↑ Cystic Fibrosis Foundation: "Steadfast Friends Continue Generous Support of Milestones Campaign" Fall 2012