Age, Biography and Wiki

Louis Lesser was born on 15 June, 1916 in Los Angeles, California, U.S., is an American businessman. Discover Louis Lesser's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 97 years old?

Popular As N/A
Occupation Real estate developer
Age 97 years old
Zodiac Sign Gemini
Born 15 June, 1916
Birthday 15 June
Birthplace Los Angeles, California, U.S.
Date of death 2013
Died Place N/A
Nationality United States

We recommend you to check the complete list of Famous People born on 15 June. He is a member of famous businessman with the age 97 years old group.

Louis Lesser Height, Weight & Measurements

At 97 years old, Louis Lesser height not available right now. We will update Louis Lesser's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Louis Lesser's Wife?

His wife is Jeanne Lesser

Family
Parents Not Available
Wife Jeanne Lesser
Sibling Not Available
Children 4

Louis Lesser Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Louis Lesser worth at the age of 97 years old? Louis Lesser’s income source is mostly from being a successful businessman. He is from United States. We have estimated Louis Lesser's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

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Timeline

1916

Louis Lesser (June 15, 1916 – January 29, 2013) was an American businessman.

He developed property across the United States, predominantly around the Los Angeles area; he also purchased and managed property.

Lesser developed Barrington Plaza, a 712 apartment and commercial FHA Urban Renewal project in West Los Angeles.

Lesser was born and raised in Los Angeles, California, to a Jewish family.

He attended Hollywood High School and was very successful at making extra money selling magazines.

On graduation, he turned down a supervisory job offer from the magazine company, instead joining his father's women's clothing manufacturing small business.

He expanded his father's clothing business by selling to major retailers.

1937

He married Jeanne Mikels in 1937 and they remained married until her death in 2006.

They had four children, Terese (Teri), Francine (Frankie), Kathy, and Craig.

1945

He left the business in 1945, when he was drafted into the army.

1947

In 1947, after his military discharge, he purchased Dr. Forbes Farms, a fruit producer.

A couple of years later he sold it and purchased a group of gas stations, which later merged with the Sunset Oil Company, where he served briefly as vice-president until his retirement aged 36.

An irrepressible optimist, he was attracted to real estate development, and joined Don Metz in the development of Torrance Gardens, a single family residential real estate development in Torrance, California consisting of 437 houses.

1952

His retirement in 1952 lasted less than a year.

Later in 1952, he and other family members formed Louis Lesser Enterprises, Ltd., a partnership, which bought and developed commercial, residential, and industrial real estate.

1956

He developed an industrial center near the new Los Angeles International Airport in 1956-1957, leasing buildings worth $9 million.

1958

He purchased the Beckman Instrument facility in Newport Beach for $2.5 million in 1958, and leased it to the Hughes Aircraft Company.

1959

He began development of another $3 million extension to a site in San Diego in 1959, also to be leased to the company.

In 1959, Louis Lesser Enterprises, Ltd and Ben Deane became partners in the development of Barrington Plaza.

1960

It incorporated in 1960/61, in preparation for a $5 million initial public offering in 1962/63.

By that time, Lesser estimated that he had developed $500 million of real estate across nine states and that Louis Lesser Enterprises, Ltd had grown its assets from $200,000 to $60 million.

Lesser also developed housing for military personnel, involving over 3,000 units at 14 military installations across the US, with a total construction value of $35 million, with funding under the Capehart Act.

Along with San Diego developer Irvin Kahn, in 1960 he developed two motels on the Shelter Island reclamation project costing $5.7 million.

1961

In June 1961, Deane sold his 50% interest to the partnership which became the sole order

owner.

He participated the 1961 Casa Conejo development, in the Conejo Valley, and was the largest developer there, building 1,000 homes.

1962

It was completed in 1962, and comprised 712 apartments in one 27 and two 17 story buildings, making it both the largest, and the tallest, FHA Urban Renewal Project west of the Mississippi.

The original application for a $14 million Federal Housing Administration loan was one of the largest FHA insurance commitments ever filed.

In association with Irvin Kahn, and others, Lesser was heavily involved in developing bowling complexes in California, with the Los Angeles Times suggesting that he was the most active developer in this area by 1962.

He initiated a 22-story, 236 unit apartment structure named "Lesser Towers", in 1962, when it was budgeted to cost $7 million.

Development setbacks caused by litigation caused the project to stand idle in the early stages of construction for more than three years.

1964

Lesser purchased the Phillips Ranch near Pomona in 1964 for $6 million.

At 2,241 acres, it was one of the largest parcels of undeveloped land in Los Angeles County.

He intended to build 10,000 homes over five years, with planning to be completed by the end of the year.

1965

In 1965, a new builder was brought in to finish development.

1967

Following two years of losses, Lesser resigned as chairman of Louis Lesser Enterprises in 1967 and accepted a bailout from Henry Salvatori, at which point the company was renamed Western Orbis Company.

2013

Lesser died on January 29, 2013.