Name
Steven Udvar-Hazy
Steven Udvar-Hazy
Beverly Hills, California
Bachelor of Arts/Science, University of California, Los Angeles
United States
Air Lease Corporation
9
aircraft leasing, Self Made
$4,000,000,000
529
3
#529 Billionaires 2019
#179 Forbes 400 2018
Steven Udvar-Hazy, who immigrated to New York from Budapest, Hungary as a child, is credited with creating the airplane leasing industry.He started his own airline in his 20s, but realized there was easier money to be made in buying planes and leasing them to airlines.Udvar-Hazy's first airplane leasing firm, International Lease Finance Corp., was sold to AIG in 1990 for $1.3 billion.He started his second airplane leasing company, Air Lease Corp., in 2010 and took it public a year later. He remains chairman.The Smithsonian's National Air and Space Museum named its sister location in Virginia for him after a $60 million donation in 2000.
Udvar-Hazy took his first flying lesson as a teenager and is still certified to fly multiple jets.Udvar-Hazy and his wife Christine have donated more than $100 million to education, including to Stanford and the Embry-Riddle Aeronautical University in Arizona.
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