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Right after his graduation from the University of Virginia Law School, Bernard Saul II joined the company in 1969 which his grandfather founded. Just like his grandfather Bernard Saul I, Bernard Saul II is also a mortgage broker and a banker. The first B.F. Saul claimed that Chevy Chase started as a hobby but today, Chevy Chase is worth more than $13 billion with over 265 branches. When he heard that a savings-and-loan in Baltimore has an inactivated license, he immediately bought the license for his personal investment.
Nowadays, the B.F. Saul Real Estate Investment Trust is operating office buildings, hotels, and land in the Southeast and Mid-Atlantic region. Saul Centers, the 2nd REIT operates office buildings and shopping centers.
Bernard Saul II has an estimated net worth of $3.4 billion.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2019 |
Asset |
Estimated value of Bernard Saul II's 291,131 equities in Saul Centers, Inc. (BFS) (Commercial REITs) |
$14,620,000 |
|
2019 |
Salary |
Annual salary as the Chairman and Chief Executive Officer of Saul Centers Inc. |
$125,000 |
|
2019 |
Earnings |
Total compensation as the Chairman and Chief Executive Officer of Saul Centers Inc. |
$362,000 |
|
2017 |
Earnings |
Total compensation as the Chairman and Chief Executive Officer of Saul Centers Inc. |
$248,000 |
|
2016 |
Earnings |
Total compensation as the Chairman and Chief Executive Officer of Saul Centers Inc. |
$210,290 |
|
2009 |
Sale of Asset |
Sale of one of Bernard Saul II's inherited ventures, Chevy Chase Federal Savings Bank, to Capital One |
$476,000,000 |
|
2008 |
Sale of Asset |
Sale of Bernard Saul II's 1,500,000 units of Saul Centers stock |
$69,750,000 |