Saul Katz is a prominent businessman and entrepreneur who has made a name for himself in the world of finance and real estate. He is best known for his role as the co-owner of the New York Mets, a Major League Baseball team, and his involvement in the Sterling Equities real estate firm.
Katz began his career in the 1970s, working as a tax attorney for the accounting firm Arthur Andersen. He later joined the real estate firm Sterling Equities, which was founded by his brother-in-law Fred Wilpon. Katz quickly rose through the ranks at Sterling Equities, eventually becoming a partner in the firm.
Under Katz's leadership, Sterling Equities became one of the most successful real estate firms in New York City. The company was involved in a number of high-profile projects, including the development of the Citi Field stadium, which is home to the New York Mets.
In addition to his work in real estate, Katz has also been involved in a number of other business ventures. He co-founded the investment firm Sterling Stamos Capital Management, which managed billions of dollars in assets before being sold to Neuberger Berman in 2014.
Katz's involvement with the New York Mets began in the 1980s, when he and Wilpon purchased a minority stake in the team. Over the years, they gradually increased their ownership stake, eventually becoming the majority owners of the team in 2002.
During his time as co-owner of the Mets, Katz has been involved in a number of controversies. In 2011, he was sued by the trustee for the victims of Bernie Madoff's Ponzi scheme, which had invested heavily in Sterling Equities. The lawsuit alleged that Katz and Wilpon had ignored warning signs about Madoff's fraud, and had profited from their investments with him. The lawsuit was eventually settled for $162 million.
Despite these controversies, Katz has remained a respected figure in the world of finance and real estate. He has been recognized for his philanthropic work, including his support for the Katz Women's Hospital in Israel and the Katz School of Business at Yeshiva University.
Overall, Saul Katz's career has been marked by his success in the worlds of finance, real estate, and sports. He has played a key role in the growth and development of Sterling Equities and the New York Mets, and has been a prominent figure in the business community for decades.
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