| Name: | Jay Schottenstein |
| Net Worth: | $ 2.7 billion |
| Source of Wealth: | Schottenstein Stores, American Eagle Outfitters |
| Born: | June 11, 1954 |
| Age: | |
| Country: | USA |
| Wife: | Jeanie Schottenstein |
| Children: | Jonathan Schottenstein, Joey Schottenstein, Jeff Schottenstein |
| Residence: | Columbus, Ohio, USA |
| Private Jet: | Gulfstream G550 (N720JS) |
| Yacht | Just J’s |
Let’s unfold the remarkable narrative of Jay Schottenstein, an influential figure in the retail world and a significant contributor to philanthropic initiatives. Serving as the Chairman of the SB Capital Group and its subsidiaries, including the prestigious Schottenstein Stores Corporation, American Eagle Outfitters, and DSW Inc., Jay Schottenstein has etched a noteworthy impact in the retail sphere. He also holds the CEO position at American Signature Furniture and Value City Furniture, further testifying to his retail acumen.
Jay Schottenstein proudly inherits his entrepreneurial spirit from his father, Jerome Schottenstein, who founded the Schottenstein Stores Corporation.
The Schottenstein family has been an active and thriving presence in the retail sector for generations. Tracing back to family patriarch Ephraim L. Schottenstein, the legacy began with his unique business model of purchasing overstocked and outdated goods from local retailers and selling them from a horse and buggy.
Launching his first department store in 1917, Ephraim laid the groundwork for the family’s success in the retail industry. His son, Jerome Schottenstein, elevated the family business further with the 1962 acquisition of Value City Stores. This strategic move led the Schottensteins to earn a nationwide reputation as “pioneers of the retail liquidation industry” and “professional liquidators”, orchestrating successful buyouts of high-profile business failures.
Read more about the Schottensteins’ business history [here]. Today, the family holds ownership of several prominent companies, employing more than 15,000 people.
American Eagle Outfitters stands as a global specialty retailer, providing high-quality, on-trend clothing, accessories, and personal care products under its American Eagle Outfitters and Aerie Brands. With over 1,000 stores across the United States, Canada, Mexico, China, and Hong Kong, the company has a significant impact on the retail landscape. American Signature Furniture is also part of their portfolio, known for designing and manufacturing fine quality home furnishings.
DSW Inc., another part of the Schottenstein family’s empire, is a leading branded footwear and accessories retailer. The company boasts an extensive selection of brand name and designer dress, casual, and athletic footwear, along with accessories for women, men, and kids. With DSW operating 394 stores across 42 states, their influence in the footwear retail market is undeniable.
Beyond his business triumphs, Jay Schottenstein is an active philanthropist through his The Jay and Jean Schottenstein Foundation. The family has donated funds to establish the Jerome Schottenstein Center in Ohio, which serves as home for the Ohio State University Men’s and Women’s Basketball teams, showcasing their commitment to community development.
The net worth of the Schottenstein Family is estimated at a staggering $2.7 billion, attesting to their successful business pursuits and influential role in the retail industry.
https://en.wikipedia.org/wiki/JaySchottenstein
https://www.sb360.com/jayschottenstein/
https://en.wikipedia.org/wiki/Schottenstein_Stores
https://www.forbes.com/profile/schottenstein/
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Jay and his wife Jeanne Schottenstein live in a very large mansion in Ohio. The mansion has many levels and two outdoor swimming pools. There is a labyrinth, a tennis court and a large landscaped garden.
They also own a large penthouse in Key Biscayne, Florida.
Ohio is a Midwestern state in the United States known for its diverse range of landscapes from the Appalachian Mountains in the south to the shores of Lake Erie in the north.
Ohio is often referred to as a “microcosm” of the United States due to its representation of both urban and rural areas, as well as a diverse population, and a wide variety of industry sectors. It’s known for its major cities like Cleveland, Cincinnati, and the capital, Columbus.
Historically, Ohio has played an essential role in U.S. elections, often serving as a “swing state.” The state’s economy is diverse, with significant sectors including manufacturing (notably, automobiles and aerospace), agriculture, healthcare, and education.
He is the owner of the Hakvoort motor yacht Just Js.
The yacht Just Js is a remarkable example of the luxury yachts produced by the esteemed Dutch shipyard, Hakvoort, delivered in 2016.
With an interior by Sinot Exclusive Yacht Design, the yacht can accommodate 12 guests and 16 crew members, epitomizing luxury and comfort.
Schottenstein owns a Gulfstream G550 private jet. The jet has registration N720JS. We think he ordered a new jet.
The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.
The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.
The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.
In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system.
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SuperYacht Owners Database 4-2023
