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Bruce Ratner Net Worth

Bruce Ratner Net Worth

Net Worth: $400 Million

Statistics
  • Source of Wealth Real estate developer, Minority owner of NJ Nets
  • Nationality United States

About Bruce Ratner

American real estate developer and is a current minority owner of the NBA’s New Jersey Nets, Bruce Ratner, has an estimated net worth of $400 million as of 2011. He is most famous for heading the group that bought the New Jersey Nets from YankeeNets for $300 million in 2004, along with entrepreneur and hip hop artist Jay-Z. Since 2005 Ratner and Jay-Z had plans to move the Nets to Brooklyn in New York City. In 2009, Russion tycoon Mikhail Prokhorov agreed to buy 80% of the Nets for $200 million and would provide a $700 million loan to build the new Barclays Center which would be the new home the the re-named Brooklyn Nets.

Bruce Ratner Net WorthHe has been CEO of and chairman of Forest City Ratner Companies, which deals with real estate development and property management. Ratner first became owner of the Nets when he headed an ownership group that purchased the franchise from YankeeNets for $300 million. Ratner’s group beat out an ownership group led by Charles Kushner and former New Jersey governor Jon Corzine. His older brother is prominent New York attorney Michael Ratner and his sister is Ellen Ratner, a news analyst for Fox News.