What is Charles Hurwitz's Net Worth?
Charles Hurwitz is an American financier who has a net worth of $250 million. Charles Hurwitz was born in Kilgore, Texas in 1940. He is known for being involved in the Savings and loan crisis as well as the takeover of the Pacific Lumber Company. Hurwitz has had holdings in pari-mutual racing facilities in Texas as well as the Kaiser Aluminum Corporation, retail complexes in western New York, real estate in the Southwest and the Ozark mountains, a hotel/condominium resort in Puerto Rico, a golf resort in Florida, and more.
One of his biggest investments is a $75 million resort/hotel located in Rancho Mirage, California. In 1982 he gained control of the United Savings Association of Texas. He was sued by the FDIC and was awarded $72 million in attorney's fees when the judge ruled in his favor. His company Pacific Lumber owned the largest grove of old growth redwoods trees in the state of California and the company's logging angered many people and the organization Earth First!.
