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  • Ira Rennert

    American businessman

    Ira Leon Rennert (born May 31, 1934) is an American billionaire businessman, and the chairman and CEO of Renco Group. As of November 2024, Forbes estimated his net worth at US$3.8 billion.[1]

    Early life

    Rennert's parents were immigrants from Poland and Romania.[1] He graduated from Brooklyn College in 1954, and earned his master's degree from New York University Stern School of Business in 1956,[2] where he later was on the board of overseers.[3]

    Early career

    Rennert started his career as a credit analyst on Wall Street in 1956.

    He also was a partner at Rubin, Rennert & Co.[4] before launching his own business, I. L. Rennert & Co., in 1962. At this time he was censured by the National Association of Securities Dealers for operating with insufficient capital.

    It occurred again in 1963, and as a result, his license was revoked on November 29, 1964, effectively banning him from th