Steven Udvar-Hazy’s profile picture

Steven Udvar-Hazy

CEO and Chairman, Air Lease Corp.
Steven Udvar-Hazy’s profile picture
Net worth 2018: $3.92 Billion
Industry: Service
Residence: Beverly Hills, California
Country: United States
BirthDay: 1946
Children: 4
Education: Bachelor of Arts / Science, University of California, Los Angeles
BIOGRAPHY

Steven Udvar-Hazy was bornon 1946 in Beverly Hills, California, United States, is CEO and Chairman, Air Lease Corp.. Steven Udvar-Hazy is #569 in List Billionaires People In The World. Steven Udvar-Hazy, who immigrated to New York from Budapest, Hungary as a child, is credited with creating the airplane leasing industry. His first airplane leasing firm, International Lease Finance Corp., was sold to AIG in 1990 for $1.3 billion. He is chairman of Air Lease Corp., which went public in 2011, and is Udvar-Hazy's second company in the airplane leasing industry. Fresh out of UCLA, Udvar-Hazy started his own California airline which struggled to stay in the black, before realizing the money was in leasing. He donated $66 million to the Smithsonian's National Air and Space Museum, which put his name on the Steven F. Udvar-Hazy Center.

NET WORTH STATISTIC
2009

$2.5 Billion

2010

$2.7 Billion

2011

$3.2 Billion

2012

$3.3 Billion

2013

$3.4 Billion

2014

$3.7 Billion

2015

$3.7 Billion

2016

$3.5 Billion

2017

$3.7 Billion

2018

$3.92 Billion

TIMELINE
Steven Ferencz Udvar-Házy ([ˈudvɒrhaːzi]; born 1946), also known as István or Steve Hazy, is a Hungarian American businessman, who is the CEO of Air Lease Corporation. He is the former chairman and CEO of International Lease Finance Corporation (ILFC), one of the two largest aircraft lessors in the world (the other being GE Capital Aviation Services). In 2011, Forbes ranked him as the world's 409th richest person, with a net worth of US$3.2 billion.The Udvar-Házy family came to the US in 1958, fleeing the Soviet occupation of Hungary. Hazy attended University High School in Los Angeles, and the University of California, Los Angeles.Udvar-Házy was in his 20s during the later part of transition from propeller aircraft to jets during the mid to late 1960s, and realized that the higher capital investment required to purchase jet aircraft created an opportunity for a leasing business. He founded ILFC with Leslie Gonda and his son Louis Gonda in 1973, leasing a single used Douglas DC-8 to Aeroméxico. He left ILFC in February 2010 to found Air Lease Corporation.Udvar-Házy gave a US$66 million grant to the Smithsonian Institution that allowed the U.S. National Air and Space Museum to build the Steven F. Udvar-Hazy Center annex at Washington Dulles International Airport. The annex houses more than 120 aircraft and 140 space-exploration exhibits as of 2006, and also includes the Space Shuttle Discovery. Plans call for eventually installing over 300 aircraft.The Udvar-Házy family contributed funds to build the Christine and Steven F. Udvar-Hazy Library and Learning Center at Embry–Riddle Aeronautical University's Prescott Campus. The new library provides students with updated facilities and a great view of the surrounding campus. This donation is the largest to date made to the university. The business building at Dixie State University is named after his parents.He is married with four children, and lives in Beverly Hills, California.
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