What is Lewis Katz's Net Worth?
Lewis Katz was an American business executive who had a net worth of $400 million. Lewis Katz was the co-owner of the Philadelphia Inquirer. Tragically, Katz died on May 31st 2014 in a plane crash, at the age of 72. Katz and seven other people, including pilots and crew, were killed when a Gulfstream IV private jet crashed soon after taking off in Bedford, Massachusetts. They passengers were traveling to Atlantic City, New Jersey. The crash occurred just four days after Katz and a group of investors bid $88 million to purchase a controlling stake in the Philadelphia Inquirer.
He was grew up in Camden, New Jersey before attending Temple University in Philadelphia where he was classmates with Bill Cosby. He graduated with a degree in biology then went on to Dickinson School of Law where he graduated first in class. Over the next several decades, Katz's career spanned several industries from law to finance to entrepreneurship. He earned the vast majority of his fortune from real estate development. Over the years he spent time as the owner or the New Jersey Devils of the NHL and the New Jersey Nets of the NBA. After receiving an honorary degree from Temple, Lewis Katz announced that he was donating $25 million to the school of medicine.
