Andre Balázs is a name synonymous with luxury hospitality. As a prominent hotelier and residential developer, he has left a significant mark on the hospitality industry, particularly in major cities like New York, Miami, and Los Angeles. With an impressive net worth of $800 million, Balázs has built an empire of boutique hotels that are not only luxurious but also iconic. His journey from a budding entrepreneur to a real estate mogul is fascinating and serves as an inspiration for many aspiring businesspeople.
Born on January 31, 1957, in Budapest, Hungary, Andre Balázs's early life was rich with intellectual influence. His father was a respected professor at Harvard's medical school, which undoubtedly shaped Andre's approach to education and business. He studied humanities at Cornell University, showcasing his diverse interests and commitment to understanding the world around him. This educational background provided the foundation for his future endeavors in hospitality and business development.
Balázs's career took off when he ventured into the hotel industry, where he became known for transforming properties into sought-after destinations. His portfolio includes renowned hotels such as Chateau Marmont and The Mercer, which have become staples in luxury travel. Each hotel reflects his unique vision and dedication to providing exceptional experiences to his guests, further solidifying his status as a key player in the hospitality sector.
| Category | Details |
|---|---|
| Net Worth | $800 Million |
| Birthdate | January 31, 1957 (67 years old) |
| Birthplace | Budapest, Hungary |
| Gender | Male |
| Profession | Entrepreneur, Businessperson, Hotel Manager, Real Estate Developer |
| Nationality | United States of America |
What is Andre Balazs' Net Worth?
Andre Balázs is a New York City hotelier and residential developer who has a net worth of $800 million dollars. Andre Balazs has built his net worth as owner of seven hotels in New York, Miami and Los Angeles. His hotels include Chateau Marmont, The Mercer, Sunset Beach, and the Standard Hotels which have locations in Downtown LA, West Hollywood, Miami, and New York.
Early Life: André Tomes Balazs was born in Boston, Massachusetts on January 31, 1957. His father was a professor at Harvard's medical school and later the director of opthalmic research at Columbia-Presbyterian Medical Center in New York. Andre studied humanities at Cornell University as a College Scholar, then received a masters degree at a joint journalism and business program at Columbia University.
In 1988, André and his father co-founded a company called Biomatrix which eventually developed several skin and eye care products. In 2000, they sold Biomatrix to Genzyme for $738 million.
Hotels: Starting in the late 1980s, André began investing in various nightclubs and restaurants in New York and Los Angeles. In 1989, he purchased New York's Mercer Hotel in SoHo. In 1990, he acquired LA's famed Chateau Marmont for $12 million. Over time, his portfolio of hotels would grow to include some of the most beloved, high-end boutique hotels around the globe including Chiltern Firehouse in London and The Standard which today has six locations. He sold 80% of The Standard in 2013.
Personal Life: Between 1985 and 2004, he was married to Katie Ford, founder of Ford Models. Together, they have two daughters. He was romantically linked to actress Uma Thurman and potentially even engaged at some point between 2004 and 2007. In 2017, Andre welcomed a child with socialite Cosima Vesey.
Real Estate: In 2003, Andre paid $5.75 million for a 4,200 square-foot condo in New York's SoHo neighborhood. He listed the condo for sale for the first time in 2007 for $10 million. He listed it again in 2017 for $12 million only to take it off and then list in 2020, again for $12 million. He owns several other homes in the US.
