Who is Robert Alan Durst and what is his net worth 2018? Robert Alan Durst is well-known as “Real estate Baron,” a Rich Scion” and a “Billionaire.” He is the grandson of Joseph Durst, founder of the Durst Organisation in New York City. Robert Allan Durst is thus the American heir to the Durst Organisation.
Robert Alan Durst was born on April 12, 1943, in Scarsdale, New York, USA. His father was Seymour B. Durst who lived from September 7, 1913, to May 15, 1995. His mother was Bernice Herstein who was married to Seymour from 1940 to 1950. Robert Allan’s siblings are Douglas, Thomas, and Wendy. Robert Alan Durst was only 7-years old when his mother fell from the roof of the family’s Scarsdale home and died. Both Robert and Douglas underwent counselling for sibling rivalry. Robert Allan Durst attended Scarsdale High School. In 1965, Robert Allan graduated with a bachelor’s degree in Economics from Lehigh University.
On April 12, 1973, on his 30th birthday, Robert Allan married Kathleen McCormack. However, he divorced her in 1990 after eight years of her disappearance. He had claimed that his spouse abandoned him. On December 11, 2000, Robert Allan married Debrah Lee Charatan but the marriage was of convenience.
Initially, Robert Durst began his career as real estate developer in the family Durst Organisation. In 1994, his brother, Douglas was appointed to run the family business. Robert had left the family business when Douglas was made the head of the family business. In the 1990s, Douglas and Jonathan Durst transformed the Times Square from a red-light area to a major tourist attraction.
The Durst organisation owns and manages more than 13 million square feet of office space in Manhattan including 2 million square feet of luxury residences. The Durst organisation went into partnership for reconstruction of One World Trade Center that replaced the twin towers.
Robert spends his fortune in purchasing real estate in recent years. He bought the rental properties in New York’s Cobble Hill and Williamsburg. In addition, he bought the $1.75 million townhouses in Harlem. In the mid 2002, Robert signed the power of attorney to his wife Debrah Lee Charatan, a real estate investor. The couple holds are closely intermingled.
In 2006, Durst gave Charatan around $20 million of his $65 million trust settlement. Robert has his office in Eureka while renting in nearby Big Lagoon. He invested in real estate business in New York City. In 2011, Robert bought two apartment buildings, one in Brooklyn and one in Harlem for $6.1 million. After three years, he sold both of them at a profit of more than $10 million.
Robert Alan Durst Net Worth
The Durst family’s real estate empire is net worth more than $4 billion. The family business started with Joseph Durst with the Durst foundation in 1915. The real estate business was expanded buying skyscrapers in midtown and downtown by his son. Currently, the family is into Bank of America Tower near Bryant Park, the Conde Nast building in midtown and a partnership with the World Trade Center. Presently, Robert’s stake in the Durst family business is worth $65 million.
The Net Worth of Robert Durst is said to be $115 Million. His Annual income is said to be $4 Million. His net worth hike is around 22% in past few years. Most recently Robert bought a high-end luxury car worth $82,000. He owns 4 luxury cars worth $1.1 million including Mercedes Benz and Rolls Royce.
Robert Durst is considered to be among the big business tycoons of US. Going by his pace, his net worth would surely keep growing. His investments and analytical mind have been very profitable to him.