Sam Zell – The Biggest Real Estate Owner in America | Full Documentary
Started as a property manager, Sam Zell eventually built the largest real estate portfolio in America. In this documentary, we learn the history of this dynamic investor in finance!
Zell give a talk at the University of Illinois Law School, where he described the implications of new legislation passed in 1996. Before ’96, radio media stations could only own 12 channels, however they removed that barrier allowing unlimited channel ownership (eventually leading to highly concentrated media oligopolies). Zell’s team went out and bought 152 radio stations, later selling them all to Clear Channel for just over $1.5 billion.
“ I haven’t worked a day in my life since the four days I was at that law firm.”
Zell give a talk at the University of Illinois Law School, where he described the implications of new legislation passed in 1996. Before ’96, radio media stations could only own 12 channels, however they removed that barrier allowing unlimited channel ownership (eventually leading to highly concentrated media oligopolies). Zell’s team went out and bought 152 radio stations, later selling them all to Clear Channel for just over $1.5 billion.
Did I hear Sam Zell correctly?
“ I haven’t worked a day in my life since the four days I was at that law firm.”
Private equity firms in the residential market is ruining home ownership
What happens when almost all real estate in America is owned by a corporation, forcing most of the population to be tenants?
Technically it’s the Catholic church the largest and thereby richest entity on earth. And not one piece of property is taxed. Nor are revenues.
Blackstone’s Schwarzman sold the 50% of EQ office the next day
The Herofication and mythification of Greed.
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
1 Timothy 6:10