Daniel M. Ziff (born 1965) is an American billionaire and the youngest son of publishing magnate William Bernard Ziff, Jr. He and his two brothers inherited the family fortune in 1994. As of March 2012, Forbes magazine indicates that his net worth totals $4.2 billion.
Early life and education
Daniel was born in 1973. His mother was Barbara Ingrid Beitz, an ethnic German whose parents were declared as "Righteous among the Nations" for providing refuge and risking their lives to save Jews during World War II. His father was the Jewish American media magnate William Ziff Jr. (d. 2006), who had built the Ziff-Davis magazine empire that included titles such as Popular Aviation, PC Magazine, and Car and Driver.
Daniel and his brothers Dirk and Robert inherited the family fortune in 1994 after their father sold 95% of the business to Forstmann Little for $1.4 billion and retired. The father had originally wanted to pass the company on to his sons but they were not interested. Instead, they formed New York City-based Ziff Brothers Investments, investing their inheritances broadly across equities, debt, real estate, commodities, private equity and hedge funds. They also provided seed money to fund manager Daniel Och in exchange for a 10% stake in Och-Ziff Capital Management which went public in 2007.
- ↑ 1.0 1.1 1.2 Forbes Magazine "Forbes 400 Richest Americans: Daniel Ziff" March 2012
- ↑ Yad Vashem: The Righteous Among the Nations: Berthold and Elsa Beitz retrieved April 1, 2012
- ↑ New York Times: "Paid Notice: Deaths ZIFF, WILLIAM" September 13, 2006
- ↑ New York Times: "For Ziffs, Sale Is a Family Affair" By GERALDINE FABRIKANT June 11, 1994
- ↑ New York Times: "Moving Past ‘Fierce’" by ERIC WILSON February 8, 2012
- ↑ AmericaNBallet Theater: Board of Trustees retrieved June 2, 2012
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