George M. Marcus

George M. Marcus
Born
George Moutsanas

1941 (age 82–83)
Euboea, Greece
NationalityAmerican
EducationSan Francisco State University
OccupationReal estate broker
Known forFounder and chairman of Marcus & Millichap
Co-owner of Essex Property Trust
TitleChairman, Essex Property Trust
SpouseJudy Marcus
Websitehttps://www.mmcrealestate.com/

George M. Marcus (born 1941) is a Greek-American billionaire real estate broker, the co-founder and chairman of Marcus & Millichap, and founder and chairman of Essex Property Trust.[1][2]

Early life

He was born George Moutsanas in Euboea, Greece, in 1941, and migrated to the US with his family in 1945, aged four.[3][4]

He earned a bachelor's degree in economics from San Francisco State University (SFSU) in 1965.[1]

Career

In 1971, he co-founded Marcus & Millichap,[5] with William A. Millichap.

Marcus is founder and chairman of Essex Property Trust.[4][2] He owned 2.4% stake.[5]

During the 1980s he was a trustee of the California State University and is a member of the CSU Foundation's board of governors. He also served 12 years as a University of California regent.[6]

Personal life

His wife Judy Otten Marcus graduated from SFSU in 1962 with a degree in recreation, and is a former physical education teacher.[6]

Marcus lives in Los Altos Hills, California.[5]

Philanthropy

Marcus and his wife Judy donated $3 million to help found SFSU’s International Center for the Arts.[3]

In 2017, Marcus donated $1 million to Hellenic College Holy Cross Greek Orthodox School of Theology.[3]

In 2018, George and Judy Marcus donated $25 million to SFSU to establish the George and Judy Marcus Funds for Excellence in the Liberal Arts. The funds will support students and faculty in liberal and creative art programs at the school and make enhancements in its Department of Creative Writing and the School of Cinema. This donation follows a $1.8 million donation the year before to establish an athletics scholarship fund at the school.[6]

In 2020, Marcus donated $2 million to the reconstruction of the St. Nicholas Greek Orthodox Church at the World Trade Center in New York City, adding to the $1 million that he had previously donated.[7]

References

  1. ^ a b Stocks (April 26, 2017). "Stocks". Bloomberg. Retrieved April 30, 2017. [dead link‍]
  2. ^ a b Sheyner, Gennady (June 17, 2011). "Profile: The many worlds of George Marcus". Palo Alto Online. Retrieved December 4, 2018.
  3. ^ a b c Kalmoukos, Theodore (February 5, 2017). "George Marcus Donates $1 Million to Hellenic College – Holy Cross". The National Herald. Archived from the original on March 27, 2019. Retrieved May 19, 2017.
  4. ^ a b "George M. Marcus - From Euboea to the Forbes billionaires' list". ellines.com. Retrieved August 1, 2017.
  5. ^ a b c "Forbes profile: George Marcus". Forbes. Retrieved January 23, 2020.
  6. ^ a b c Asimov, Nanette (November 26, 2018). "Gift of $26.8 million from real estate mogul and wife biggest in SFSU history". SFChronicle.com. Retrieved December 4, 2018.
  7. ^ "Prominent Greek-American Businessman and Philanthropist George Marcus Donates $2.0 More Million to St. Nicholas". The National Herald. February 12, 2020. Archived from the original on February 13, 2020. Retrieved February 13, 2020.