Net Worth: $150 Million
- Source of Wealth Retail Electronics Chain
- Full Name Douglas Jemal
About Douglas Jemal
American businessman Douglas Jemal has an estimated net worth of $150 million in 2012. Jemal is known to be the founder and the current president of the Douglas Development Corporation.
Originating from Brooklyn, New York, Jemal started his career in a small store which later expanded into music and retail business. In the mid 1980’s his business became one of the country’s most successful retail electronics chains. Eventually, he became more focused on acquiring and developing distinctive commercial properties. He is known for his ability to transform properties into successful office, commercial and residential sites.
In addition to being a businessman, Douglas Jemal is also a known philanthropist. In fact, he offers huge donations to various institutions like Columbia Lighthouse for the Blind, Manna Inc., Cystic Fibrosis Foundation, Children’s Hospital, Animal Rescue Foundation, The Studio Theatre Inc., and Shaw Main Street.