| Name: | Dwight Schar |
| Net Worth: | US$ 1 billion |
| Source of Wealth: | NVR |
| Born: | February 8, 1942 |
| Age: | |
| Country: | USA |
| Wife: | Martha Schar |
| Children: | |
| Residence: | Palm Beach |
| Private Jet: | Please send a message if you have info |
| Yacht: | Bella Vita |
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.
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.
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.
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.
https://en.wikipedia.org/wiki/Dwight_Schar
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He lives with his wife Martha Schar in a large oceanfront house in Palm Beach, Florida.
Palm Beach, Florida, is a coveted residential area that draws billionaires from around the world with its stunning landscape, exclusive properties, and unmatched lifestyle amenities. This idyllic town is situated on a barrier island, offering stunning oceanic views and pristine beaches that epitomize luxury living. Notably, Palm Beach is home to some of the most valuable real estate in the country, with its magnificent oceanfront estates and palatial mansions.
Billionaires are attracted to the area not only for its sheer beauty and luxurious properties, but also for Florida’s advantageous tax laws. The state levies no personal income tax, estate tax, or inheritance tax, making it financially attractive for high net-worth individuals. Additionally, the island offers high-end dining, world-class golf courses, exclusive clubs, and upscale boutiques, providing a lifestyle befitting the world’s wealthiest.
Moreover, Palm Beach offers a high level of privacy and security, making it a preferred location for those desiring seclusion from the public eye. With its close proximity to international airports and private jet facilities, it also offers easy connectivity for global businesspersons. Lastly, the island’s rich cultural scene, with art festivals, charity events, and polo matches, further elevates its status as a billionaire’s paradise. In essence, Palm Beach embodies an extraordinary blend of luxury, privacy, and financial benefits that make it a favored destination among the world’s richest.
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.
We have not yet been able to identify his private jet. But please do send us a message if you have information about his business jet. The photos hereunder are just samples of some of the most successful private jets on the market.
(Photos by JetPhotos.com, Planespotters.net ; flightaware.com; flickr.com; picssr.com; planefinder.net ) Do you want us to remove a certain photo? Or credit a source? Please send us a message
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