William levitt net worth at death

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William levitt quotes

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William Levitt

American real estate developer and suburbia pioneer

William Jaird Levitt (February 11, 1907 – January 28, 1994) was an American real-estate developer and housing pioneer. As president of Levitt & Sons, he is widely credited as the father of modern American suburbia. In 1998 he was named one of Time Magazine's "100 Most Influential People of the 20th Century."^[1]

Early life and education

Levitt was born in 1907 to a Jewish family in Brooklyn.^[2] His generation was the second since emigrating from Russia and Austria;^[3] the paternal grandparents who immigrated to the United States had been a rabbi grandfather from Russia and a grandmother from Austria-Germany.^[4] His father was Abraham Levitt, a Brooklyn-born^[5] real estate attorney and part-time investor; his mother was Pauline Biederman. A younger brother, Alfred, was born when William was five years old. William received a public school education at Public School 44 and Boys High School.^[2] He then attended New York University for thr

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Levitt, William Jaird

William Levitt (1907-1994) gained national attention as the man who mass produced houses at a rate of one every 16 minutes. He was introduced to Americans on the July 3, 1950 cover of Time magazine as the "cocky rambunctious hustler" prone to exaggeration. Levitt touted his community as a new form of ideal American life.

William Levitt's father, Abraham Levitt, was the son of a poor rabbi who immigrated from Eastern Europe. Abraham Levitt left school at age 10, but educated himself. At the age of 20 he entered law school, specializing in real estate law. He married Pauline Biederman in 1906. Their first son, William Jaird was born on February 11, 1907 in Brooklyn, New York. Five years later the couple had another son, Alfred Stuart. As a child, William Levitt would put on a suit, run into the living room and announce his plans to go to Manhattan to make money and live well. Levitt attended Public School 44 and Boys High School in Bedford-Stuyvesant. He played lacrosse and was on the swim team. Levitt majored in mathematics and English at New York Uni

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William Levitt
Co-Founder of Levitt & Sons
Founded: 1929

"Any damn fool can build homes. What counts is how many you can sell for how little."-William Levitt

Like many brilliant entrepreneurs, William Levitt didn't come up with the idea that made him rich. He stole it. Although it is true that Levitt perfected the assembly-line approach that enabled his workers to churn out houses at an incredible rate, long-forgotten developers in California had been doing something similar for years. Levitt's true genius was that he foresaw the unprecedented demand for middle-class housing that followed World War II, and by applying a panoply of assembly-line techniques to housing construction, positioned himself to make the most of the situation. His unique vision of a planned community with well-built but affordable houses jump-started the suburbanization of America and dramatically changed the way homebuilders built and homebuyers bought.

Ironically, the man who would become known as the "Pioneer of Suburbs" never intended to be a builder. His dream was to be a commercial aviator