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Jay Paul
Born
Joseph Paul

1947 or 1948 (age 76–77)[1]
NationalityAmerican
Alma materBoston University
OccupationReal estate developer
Known forFounder, Jay Paul Company
SpouseMarried

Joseph "Jay" Paul[2] (born 1947/1948) is an American billionaire real estate developer, based in San Francisco.[3]

Early life

Jay Paul was born in 1947 or 1948 and is a native of Rhode Island.[4][5] He has a bachelor's degree from Boston University.[1] In the 1970s, Paul moved to Southern California to help save his father's troubled investments, a savings-and-loan business.[4][5] As a result of saving the investments, he formed and founded Jay Paul Company in 1975.[4]

Career

Jay Paul Company, a privately held real estate development company based in San Francisco, and focused on California.[6] In the early years of Jay Paul Co., he invested in purchasing inexpensive office spaces.[4] Since then, he primarily leases 11 million square feet of office spaces to tech firms, spanning Hewlett-Packard, Amazon, and Apple.[3] There are plans to add 6 million more, primarily in Sunnyvale, California.[7]

On June 16, 2020, San Jose council has approved Jay Paul's redevelopment project of a 3.79-million-square-foot office space in downtown San Jose.[8]

As of July 2020, Paul's net worth is estimated at $3.5 billion,[7] ranking him 1001 on Forbes Billionaires List of 2020.[9]

Personal life

Paul is married,[7] has no children, lives in the Pacific Heights neighborhood of San Francisco, California,[3] and owns two yachts.[1][5] In 2012, he bought his Pacific Heights home for about $28 million, which underwent a large remodel for many years.[4][10]

Paul is known as a very private person and does not give many interviews.[4]

References

  1. ^ a b c "Forbes profile: Jay Paul". Forbes. Retrieved 10 February 2019.
  2. ^ Grossman, Matt (2018-10-12). "Silicon Valley Office Complex, Home to Amazon, Lands $500M Refi". Commercial Observer. Retrieved 2019-02-10. Representatives for Jay Paul, which is led by its founder Joseph Paul, did not respond to inquiries.
  3. ^ a b c "Jay Paul". Forbes. Retrieved 2024-02-13.
  4. ^ a b c d e f "Developer cashes in with office campuses". Bloomberg News, Finance & Commerce. 2014-07-03. Retrieved 2019-02-10.
  5. ^ a b c Savchuk, Katia. "Risk-taking Silicon Valley Developer Scores Tech Tenants, Emerges As Billionaire". Forbes. Retrieved 2019-02-10.
  6. ^ "About Us". Jay Paul Company. Archived from the original on 28 July 2015. Retrieved 14 September 2015.
  7. ^ a b c "Jay Paul". Forbes. Retrieved 2020-07-20.
  8. ^ "San Jose council approves Jay Paul's massive CityView redevelopment project to remake key downtown block". Silicon Valley Business Journal. American City Business Journals. 2020-06-16. Retrieved 2020-07-20.
  9. ^ "Forbes Billionaires 2020". Forbes. Retrieved 2020-07-20.
  10. ^ "SF Gold Coast neighbors unhappy developer hasn't finished his own house". SFChronicle.com. 2018-09-03. Retrieved 2019-02-10.
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