Steven Udvar-Hazy Net Worth

He is the founder and chairman of Air Lease Corporation, a company he founded in 2010. He is also the former chairman and CEO of International Lease Finance Corporation (ILFC), which he founded in 1973. Udvar-Hazy has been a major donor to the Smithsonian Institution's National Air and Space Museum, and the Steven F. Udvar-Hazy Center in Chantilly, Virginia, is named in his honor. Steven Udvar-Hazy is a Hungarian-born American entrepreneur with a net worth of $4.3 billion. He is credited as the godfather of the airplane leasing industry, having founded Air Lease Corporation in 2010 and International Lease Finance Corporation (ILFC) in 1973. Udvar-Hazy has been a major donor to the Smithsonian Institution's National Air and Space Museum, and the Steven F. Udvar-Hazy Center in Chantilly, Virginia is named in his honor.
Steven Udvar-Hazy is a member of Richest Billionaires

Age, Biography and Wiki

Birth Year 1946
Birth Place United States
Age 77 YEARS OLD
Net Worth: $4.3 Billion

💰 Net worth: $4.29 Billion (2024)

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In order to flee from the Soviet occupation of Hungary, the Udvar-Hazy family came to the USA in 1958. After graduating from University of California, Udvar-Hazy launched his own commuter airline. But struggling to keep on the track, he soon realized that money didn't lay in operating airlines, but in leasing airplanes to airlines. In 1973, together with two partners, he set up International Lease Finance Corporation. In a short period of time, he became a Chairman of the board, and the company was sold to AIG for $1.2 billion in 1990. In 2010, he founded his second company, Air Lease Corporation, which is a direct competitor to AIG; and the two companies are currently involved in an ongoing civil suit over trade secrets. Moreover, Udvar-Hazy donated $66 million to the Smithsonian Institution that allowed the U.S. National Air and Space Museum to create the Steven F. Udvar-Hazy Center annex at Washington Dulles International Airport. He also gave his contribution to the opening of the Christine and Steven F. Udvar-Hazy Library and Learning Center at Embry-Riddle Aeronautical University.