Jay Schottenstein
Jay Schottenstein is an entrepreneur from Columbus, Ohio.Biography
Schottenstein was born to a Jewish family the son of Geraldine and Jerome Schottenstein. His father established Schottenstein Stores Corp. and was a prominent supporter of Jewish charities and served as board member of Yeshiva University in New York.
In 1976, Jay began working in his father's business and later married Jeanne Rabe, with whom he has three sons: Joseph, Jonathan and Jeffrey. He also has three grandchildren, Jacob, Jonah, and Emma. Since 1980, he has served as chairman of American Eagle Outfitters, Incorporated. In 1993, he replaced his father as head of Schottenstein Stores Corporation, as well as in his father's charity activities. Since 2005, he has served as chairman of DSW. He is one of the main contributors, along with his family, to the Schottenstein Edition of the Babylonian Talmud.
The Schottenstein family's wealth was estimated at $1.7 billion in 2014 and $2.7 billion in 2015, although the family dropped off of Forbes America's Richest Families in 2016. Individually, Jay's wealth has not made the Forbes Complete List of the world's billionaires. His wealth comes mainly from Retail Ventures, Inc. and American Eagle Outfitters, in which it currently holds a 26.5% stake. Schottenstein personally owns about 3% of American Eagle Outfitters, as well as Retail Ventures' stake in the company. In 2015, the Schottenstein family donated $1 million to the presidential candidacy of John Kasich. Jay is also the owner of the superyacht Just J's.
