Bernard Saul II Net Worth, Biography, Career and Assets

Bernard Saul II Net Worth  $2 billion

American businessman and real estate developer Bernard Saul is a billionaire heir and dedicated philanthropist with the goal of accomplishing big things in society. Since 1993, he has maintained the position of chairman and chief executive officer of Saul Centers, a private real estate company headquartered in Bethesda, Maryland, in the United States.

His grandfather founded the company which was left in his father’s control until he grew up to be experienced enough to carry on with the family’s business and preserve his ancestors’ legacy. The remainder of this post contains all that there is to know in regard to the biography, career, accomplishments, and net worth of Mr. Saul.

Early Life: Childhood, Education

Bernard Francis Saul II was born in 1932 in Maryland, United States. His grandfather, Bernard Francis Saul, was an American businessman and the founder of the successful real estate development firm Saul Centers.

He has a bachelor’s degree from Villanova University. His LLB was earned from the University Of Virginia School Of Law.

Professional Life: Business Career

Bernard Saul is a successful real estate developer and businessman. For nearly thirty years, he has been at the helm of control at the Bethesda, Maryland-based real estate development company Saul Centers, where he has been serving as the chairman and chief executive officer since June 1993.

Immediately after completing his studies at the University of Virginia Law School, Mr. Bernard Saul joined his grandfather’s company, Saul Centers, in 1969. Just like his grandfather Bernard Saul I, Bernard Saul II is a banker and mortgage broker as well.

The first Bernard Francis Saul claimed that Chevy Chase first started as a hobby but today, Chevy Chase has more than 256 branches and is worth more than $13 billion. When he learned that a savings-and-loan in Baltimore has a disabled license, he immediately purchased the license for his personal investment.

Today, the Bernard Francis Saul Real Estate Investment Trust is operating hotels, office buildings, and land in the Mid-Atlantic and Southeast regions.  Saul Centers, the second REIT operates shopping centers and office buildings.

In addition to the Saul Centers, Bernard Saul II also owns the Bernard Francis Saul Hotel chain. To also include, he is the former owner of Chevy Chase Bank, which he founded in 1969.

In 2009, he sold Chevy Chase to Capital One for the sum of $476 million in 2009. However, he still retains ownership of Chevy Chase Trust, which, as of today, manages $3 billion in assets.

The Bernard Francis Saul Company is a private real estate firm founded in Bethesda, Maryland. The company owns and manages properties in the Washington metropolitan area as well as in Fort Lauderdale, Florida. The company is an affiliate of Saul Centers, Inc.

Philanthropy

The billionaire heir to a massive real estate empire is a dedicated philanthropist with the exclusive goal of accomplishing many important things in society. He is a strong supporter of Roman Catholic causes and has helped many people solve their problems.

In recognition of his charity works, particularly to Roman Causes issues, the pope awarded him the Pro Ecclesia et Pontifice medal in the year 1991.

Nowadays he spends his time paying attention to his community and lending his generous helping hands to causes like healthcare and education, tailored to help the underprivileged members of society.

Personal Life: Wife, Children, Private Interests

Mr. Bernard Saul is a happily married man. He is a proud father of five children and resides with his family in Chevy Chase, Maryland, U.S.

His son, Bernard Francis Saul III, is currently on the board of trustees of the non-partisan policy think tank in Washington, DC. known as the Center for the Study of the Presidency and Congress.

Bernard Saul II Net Worth: Salary, Income Sources, Assets

According to Forbes magazine, Mr. Bernard Saul II’s net worth is 2 billion dollars which makes him eligible to be featured as one of the richest people in Maryland. He has become one of the most successful businessmen in the United States.

A highly prolific real estate developer, Saul currently controls approximately nine million square feet of space in his Saul Centers. He also controls various properties in Georgia, Delaware, Florida, North Carolina, New Jersey, and Oklahoma. He has made all his wealth from his lucrative career as a successful real estate developer.

On December 1, 1892, Bernard Francis Saul, aged 19,  founded the Saul Company in Washington, D.C. The Saul Company eventually became a successful developer and mortgage. In less than a decade after starting the firm, Bernard Francis Saul established the Home Savings Bank and merged it with the American Security and Trust Company soon after.

The Saul Company became the Bernard Francis Saul Company. Bernard Saul II established Chevy Chase Bank in 1962. That same year, the Bernard Francis Saul Real Estate Investment Trust went public.