DWIGHT SCHAR • Net Worth $1 Billion • House • Yacht • Private Jet • NVR

Name:Dwight Schar
Net Worth:US$ 1 billion
Source of Wealth:NVR
Born:February 8, 1942
Wife:Martha Schar
Residence:Palm Beach
Private Jet:Please send a message if you have info
Yacht:Bella Vita

Who is Dwight Schar?

Dwight Schar, the influential founder of NVR, was born on February 8, 1942. A respected name in the American real estate industry, Schar is not only a successful business magnate but also a significant figure in the sports and philanthropic worlds. He is married to Martha Schar, who is often seen by his side at various social and charitable events.

Key Takeaways

  • Dwight Schar is the successful founder of NVR, Inc., the fourth-largest home construction company in the U.S.
  • Schar is a co-owner of the Washington Football Team, marking his influence in the sports industry.
  • With a net worth estimated at $1 billion, Schar has significant holdings in NVR, Inc.
  • Schar is also a philanthropist, having made notable contributions to Ashland University and George Mason University.
  • He is the owner of the Bella Vita Yacht.

The Journey of NVR, Inc.

The story of NVR, Inc., one of the biggest home construction companies in the United States, began in 1980 when it was founded by Schar as NVHomes. Over the years, NVR grew under his leadership, acquiring several prominent companies such as Ryan Homes and Heartland Homes. This expansion strategy proved to be a game-changer, catapulting NVR to the forefront of the American home construction industry.

Today, NVR boasts of more than 5,500 dedicated employees and has earned the distinction of being the fourth-largest home construction company in the U.S. Displaying an impressive production capability, NVR builds over 15,000 homes annually. In 2018, NVR demonstrated its financial strength, realizing revenues of more than $7 billion.

Dwight Schar and the Washington Football Team

Expanding his influence beyond the real estate industry, Schar also owns a stake in the Washington Football Team, formerly known as the Washington Redskins. His co-shareholder, Dan Snyder, is a well-known figure in the sports world and owns the luxurious Lady S yacht.

Dwight Schar’s Net Worth

Schar’s successful entrepreneurial ventures have resulted in a net worth estimated at around $1 billion. In 2020, he sold NVR shares worth $32 million, although he still retains ownership of 40,000 NVR shares as per the most recent SEC filing. These remaining shares have a current market value exceeding $160 million.

Apart from his business ventures, Schar is also known for his philanthropic efforts. In 2006, he made a generous donation of $5 million to Ashland University, contributing to the construction of their new education building, which was named the “Dwight Schar College of Education” in his honor. He also made significant donations to George Mason University, leading to the establishment of the Schar School of Policy and Government.




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Yacht Bella Vita Owner

Dwight Schar

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Schar Yacht Bella Vita

He is the owner of the yacht Bella Vita. In 2020 he swapped yachts with George Argyros, as he considered his yacht too large. Argyros was searching for a larger yacht. Argyros’ Huntress became Bella Vita and Schar’s Bella Vita became Huntress.

The Bella Vita yacht, formerly known as Solemates and Huntress, was initially built for Reebok founder, Paul Fireman.

Designed by Espen Oeino and crafted by Lurssen, Bella Vita boasts an interior designed by Glade Johnson Design.

The yacht runs on 2 Caterpillar Marine Engines, achieving a top speed of 15.5 knots and cruising speed of 12 knots.

Bella Vita provides luxury accommodation for 12 guests, serviced by a crew of 15.