Jay Paul

Joseph "Jay" Paul[2] (born 1947/1948) is an American billionaire real estate developer, based in San Francisco.

Jay Paul
Born
Joseph Paul

1947/1948 (age 72–73)[1]
NationalityAmerican
Alma materBoston University
OccupationReal estate developer
Known forFounder, Jay Paul Company
Net worthUS$3.2 billion (February 2019)[1]
Spouse(s)Married

Early life

Jay Paul was born 1947/1948 and is a native of Rhode Island.[3][4] He has a bachelor's degree from Boston University.[1] In the 1970s Paul moved to Southern California to help save his father's troubled investments, a savings-and-loan business.[3][4] As a result of saving the investments, he formed and founded Jay Paul Company in 1975.[3]

Career

Jay Paul Company, a privately held real estate development company based in San Francisco, and focused on California.[5] In the early years of Jay Paul Co. he invested in purchasing inexpensive office spaces.[3] Since then, he primarily leases 11 million square feet of office spaces to tech firms, spanning Hewlett-Packard, Amazon, and Apple. There are plans to add 6 million more, primarily in Sunnyvale, California.[6]

On June 16, 2020, San Jose council has approved Jay Paul's redevelopment project of a 3.79-million-square-foot office space in downtown San Jose.[7]

As of July 2020, Paul's net worth is estimated at $3.5 billion,[8] ranking him 1001 on Forbes Billionaires List of 2020.[9]

Personal life

Paul is married,[10] has no children, lives in the Pacific Heights neighborhood of San Francisco, California, and owns two yachts.[1][4] In 2012, he bought his Pacific Heights home for about $28 million, which underwent a large remodel for many years.[3][11]

Paul is known as a very private person and does not give many interviews.[3]

References
  1. "Forbes profile: Jay Paul". Forbes. Retrieved 10 February 2019.
  2. Grossman, Matt (2018-10-12). "Silicon Valley Office Complex, Home to Amazon, Lands $500M Refi". Commercial Observer. Retrieved 2019-02-10. Representatives for Jay Paul, which is led by its founder Joseph Paul, did not respond to inquiries.
  3. "Developer cashes in with office campuses". Bloomberg News, Finance & Commerce. 2014-07-03. Retrieved 2019-02-10.
  4. Savchuk, Katia. "Risk-taking Silicon Valley Developer Scores Tech Tenants, Emerges As Billionaire". Forbes. Retrieved 2019-02-10.
  5. "About Us". Jay Paul Company. Archived from the original on 28 July 2015. Retrieved 14 September 2015.
  6. "Jay Paul". Forbes. Retrieved 2020-07-20.
  7. "San Jose council approves Jay Paul's massive CityView redevelopment project to remake key downtown block". Silicon Valley Business Journal. American City Business Journals. 2020-06-16. Retrieved 2020-07-20.
  8. "Jay Paul". Forbes. Retrieved 2020-07-20.
  9. "Forbes Billionaires 2020". Forbes. Retrieved 2020-07-20.
  10. "Jay Paul". Forbes. Retrieved 2020-07-20.
  11. "SF Gold Coast neighbors unhappy developer hasn't finished his own house". SFChronicle.com. 2018-09-03. Retrieved 2019-02-10.
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