Bob Tisch was an American businessman with an estimated net worth of $3.9 billion. He was the chairman of the Loews Corporation along with his brother Laurence Tisch. Tisch passed away on November 15, 2005. Preston Robert Tisch was born on April 29, 1926 in Brooklyn, New York. Tisch attended the University of Michigan and was a member of Sigma Alpha Mu, a Jewish fraternity. He graduated in 1948 with a BA degree in economics.
In 1946 Robert’s brother Laurence persuaded their parents to invest $125,000 to purchase a resort hotel in Lakewood, New Jersey. Shortly afterwards, Robert joined his brother’s business as chairman and part-owner. Over the years they invested their profits and expanded their hotel business.
By 1956 the Tisch brothers built their first hotel, the Americana, in the posh town of Bal Harbour, Florida; they paid $17 million cash. In the early 1960s to 1970s the brothers began diversifying the Loews Corporation portfolio. Today the Loews’ subsidies are involved in sectors such as: Commercial property and casualty insurance, offshore oil and gas drilling rigs, natural gas, and the operation of luxury hotels and resorts.
In 1991 Robert Tisch bought half-stake in the New York Giants. Tisch held his share until he passed away on November 15, 2005 from brain cancer.
Robert Tisch was known as a great philanthropist. He gave generously to his alma maters and other institutions for academic advancement. These schools have named buildings and programs in his honor: University of Michigan- Tisch Hall, New York University- Tisch School of the Arts, NYU Medical Center- Tisch Hospital, NYU- Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management. In 1997 Central Park Zoo opened the Tisch Children’s Zoo.
Preston Robert Tisch has enough net worth to buy:
1. 1,842.1 Hermès Birkin Ginza Tanaka Bags ($1.9 million)
2. 875,000 Purebred Chow Chows ($4,000 each)
3. 21,875 Bottles of 1787 Chateau Lafite ($160,000 each)
Preston Robert Tisch has enough net worth to give everyone in China $2.57