Bruce Ratner

Bruce Ratner Net Worth

Bruce Ratner is a American real estate developer that was born on January 23, 1945 in Cleveland, Ohio.He is most famous for heading the group that bought the New Jersey Nets from YankeeNets for $300 million in 2004, along with entrepreneur and hip hop artist Jay-Z. Since 2005 Ratner and Jay-Z had plans to move the Nets to Brooklyn in New York City. In 2009, Russion tycoon Mikhail Prokhorov agreed to buy 80% of the Nets for $200 million and would provide a $700 million loan to build the new Barclays Center which would be the new home the the re-named Brooklyn Nets.He has been CEO of and chairman of Forest City Ratner Companies, which deals with real estate development and property management. He also serves as a director or officer of many of its subsidiary companies.His brother, Michael Ratner, is a prominent attorney in New York and his sister, Ellen Ratner, is a news analyst for Fox News. Bruce Ratner is also very active in the New York community through educational and charitable organizations.