Edward Roski Jr. Biography & Net Worth
|Popular Name:||Edward P. Roski Jr.|
|Real Name:||Edward P. Roski Jr.|
Oklahoma, United States
Gayle Garner Roski (died 2020 )
|Net Worth:||$5.8 Billion|
American billionaire businessman and philanthropist, Edward Roski, Jr., is the owner, Chairman, and President of the largest private holder of the industrial estate in America, Board of Majestic Realty Co. Founded in 1948 by his father, the company has since obtained over 80 million square feet of development in a branched-out real estate holding. Mostly owning industrial buildings in parts of Southern California, the properties owned by the company extend from Los Angeles to Atlanta.
Edward is an alumnus of the University of Southern California. Accompanied by his beloved wife, Gayle Garner Roski, he pledged $23 million to the fine art’s school at his alma mater in 2006. Previously, he served as chairman of the University of Southern California board of trustees until he vacated the position for fellow Southern California real estate tycoon Rick Caruso. To also mention, this businessman is an art collector as well as a decorated veteran of the Vietnam War. He is the owner of the 300-room Silverton Las Vegas hotel, and the co-owner of the Los Angeles Lakers NBA team and the Los Angeles Kings team of the NHL.
In his spare time, Edward spends time with his family and pays attention to the children. Most notably, he really enjoys cycling and mountain climbing, and so far, the father of three has climbed two base camps at Mt. Everest, K2, and Mt. Kilimanjaro.
Early Life: Childhood & Education
Edward P. Roski Jr. was born in Oklahoma in the United States in the year 1938. His father Ed Roski Sr. was born into a poor immigrant family from Poland and never had the chance to finish high school. Roski Sr. served in the U.S. Navy during the Second World War and then moved to Southern California with his family and later founded Majestic Realty in 1948.
Roski Jr., unlike his father, had every opportunity to attempt and even complete his studies. He attended Los Angeles’ Loyola High School and furthered his education at the University of Southern California, from which he graduated with his bachelor’s in real estate and finance in 1962, before joining Majestic Realty in 1966.
Professional Life: Military Service, Businesses
United States Marine Corps
After graduating in 1962, Roski enrolled in the U.S. Marine Corps to start his professional career. After attending The Basic School at the United States Marine Corps Base Quantico, he was assigned to the First Marine Brigade before joining the 1st Battalion, 4th Marines. Three years on, Roski was deployed to South Vietnam from Marine Corps Air Station Kaneohe Bay. He was severely wounded in Chu Lai, and was awarded two Purple Hearts and a Bronze Star Medal.
In 2007, he established a charity organization called the “Land of the Free Foundation” with the aim of supporting war veterans and their families. To date, Roski has contributed about $10 million or more to its efforts.
In 1995, Roski became a minority owner of the NHL franchise the Los Angeles Kings. Three years later, he achieved another feat by becoming a minority owner of the NBA franchise Los Angeles Lakers. Roski and Philip Anschutz were the main owners of the Los Angeles Arena Company, hoping to replace the Great Western Forum and exercised an option to buy a quarter share of the Lakers, with the franchise agreeing to become a leaseholder in the planned arena. Roski and his business partner developed the Staples Center for both the Los Angeles Kings and the Los Angeles Lakers.
Achievements: Awards & Honors
Roski was awarded two Purple Hearts and a Bronze Star Medal at the end of his U.S. Marines service. In 2000, the Marine Corps Scholarship Foundation and General James L. Jones honored him with its Semper Fidelis award. And in October 2017, the Congressional Medal of Honor Foundation honored him with the Circle of Honor Award.
During his minority ownership, the L.A. Kings won the Stanley Cup twice, in 2012 and in 2014, while the Lakers won six NBA Championships, in the years 2000, 2001, 2002, 2009, 2010, and 2020.
Personal Life: Wife, Children, Private Interests, Philanthropy, Hobbies
Roski and Gayle Garner Roski were married until her death on October 21, 2020. They resided in Toluca Lake, Los Angeles, with their three children.
He has bicycled across Russia, Ireland, Mongolia, and Myanmar, and has climbed to the based camps of mountains like Kilimanjaro and Everest. Not to forget, Roski has visited the wreck of the popular Titanic ship in a Russian submersible and has gone diving in waters off New Guinea.
The U.S. Veteran, Roski, is an honorary director of The Explorers Club. He is a member of the National Geographic Society executive committee, and has served on the boards of directors for Loyola High School, the House Ear Institute, the Natural History Museum of Los Angeles County, the California Science Center, the Bowers Museum, and the Los Angeles County Museum of Art. Not to forget, he is also a collector of Indigenouisms from Oceania, Indigenous Australian art, and African art.
A natural lover of everything art, Roski has made donations to the “Spirits and Headhunters” exhibit, at the Bowers Museum. He is the founder of a charity organization called the “Land of the Free Foundation” which is focused on supporting war veterans and their families. To date, Roski has contributed about $10 million or more to its efforts.
He has served both as Chairman and a trustee on the board of directors for the University of Southern California. In 2006, he and his late wife donated $23 million for the college’s fine arts school, since renamed the University of Southern California Roski School of Art and Design.
Roski and his wife made another $25 million donation to the eye institute at Keck School of Medicine at the University of Southern California. He established the Majestic Realty Foundation in 2002. This foundation, which makes grants of over $2 million every year, is a community outreach program that focuses on youth, family, health, education, and violence deterrence.
Edward Roski, Jr. Net Worth: Salary, Earnings, Income Sources
A successful real estate developer and minority sports franchise owner who has also held numerous important leadership positions in several foundations and organizations, the American businessman and father of three, Edward Roski, Jr, who is also an ex-service personnel, is currently entitled to a net worth of over $5 billion as estimated by this source.
Born in 1938 in Oklahoma to a struggling Polish man, Edward has done perfectly well to create wealth for his family and for unborn generations. His income providers include the industrial real estate company Board of Majestic Realty Co, his 300-room Silverton Las Vegas hotel, and his stakes in the sports teams Los Angeles Lakers and Los Angeles Kings.