Age, Biography and Wiki
Lee Stern is a 97-year-old American entrepreneur and philanthropist. He is the founder and chairman of the Stern Group, a private investment firm. He is also the founder of the Stern Family Foundation, which provides grants to organizations that promote education, health, and the environment.
Lee Stern was born on December 27, 1926 in Chicago, Illinois. He attended the University of Chicago, where he earned a degree in economics. After college, he worked as an accountant and then as a financial analyst.
In the 1950s, Stern founded the Stern Group, a private investment firm. He has since grown the firm into a multi-billion dollar enterprise. He is also the founder of the Stern Family Foundation, which provides grants to organizations that promote education, health, and the environment.
Stern is married to his wife, Ruth, and they have three children. He is an avid collector of art and antiques, and he enjoys traveling and playing golf.
| Popular As |
N/A |
| Occupation |
Commodities trader |
| Age |
97 years old |
| Zodiac Sign |
Capricorn |
| Born |
27 December, 1926 |
| Birthday |
27 December |
| Birthplace |
Chicago, Illinois, U.S. |
| Nationality |
United States |
We recommend you to check the complete list of Famous People born on 27 December.
He is a member of famous with the age 97 years old group.
Lee Stern Height, Weight & Measurements
At 97 years old, Lee Stern height not available right now. We will update Lee Stern'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 Lee Stern's Wife?
His wife is Norma Retchin
| Family |
| Parents |
Not Available |
| Wife |
Norma Retchin |
| Sibling |
Not Available |
| Children |
4 |
Lee Stern Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Lee Stern worth at the age of 97 years old? Lee Stern’s income source is mostly from being a successful . He is from United States. We have estimated
Lee Stern's net worth
, money, salary, income, and assets.
| Net Worth in 2023 |
$1 Million - $5 Million |
| Salary in 2023 |
Under Review |
| Net Worth in 2022 |
Pending |
| Salary in 2022 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
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Lee Stern Social Network
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Timeline
Stern, now president of LBS Limited Partnership, celebrated his 70th anniversary as a Chicago Board of Trade member on November 8, 2019.
Stern founded the Chicago Sting of the NASL and MISL in 1974 and led the team until it folded in 1988. In their 14-year history, the Sting won two NASL championships (Soccer Bowl), in 1981 and 1984. Stern also served as Chairman of the NASL Executive Committee in 1981 and 1982 as well as Chairman of the MISL Executive Committee from 1986 - 1988. Stern was a member of the U.S. World Cup Founder's Club which and served as one of the major participants in bringing the World Cup to Chicago. He was inducted into the National Soccer Hall of Fame on October 25, 2003.
A CBOT arbitration panel found Zimmerman and Catalfo guilty of fraud and conspiracy, fining Zimmerman $1,500,000 and Catalfo $750,000 and ordered them jointly liable to Lee B. Stern & Co. for $8.6 million in damages. On July 6, 1994, Catalfo was found guilty of six counts of wire fraud by a Federal jury and sentenced to 42 months in prison. Zimmerman fled to Vancouver, BC Canada and fought extradition.
On October 22, 1992, Darrell Zimmerman of Chicago, Illinois and Anthony Catalfo of Bayside, Queens, New York, attempted to manipulate the US Treasury bond futures and options market of the Chicago Board of Trade (CBOT). The gist of the scam was to depress prices long enough for Zimmerman and Catalfo to turn a sizable profit. Catalfo reportedly profited approximately $1,500,000 but Zimmerman lost nearly $9,000,000, for which his clearing firm, Lee B. Stern & Company, would be held liable. After an initial suspension of trading and clearing privileges, Lee B. Stern & Company, Lee Stern, son Daniel Stern, and Lester Moucher, the three principals of the Lee B. Stern & Company, the Chicago Board of Trade had the suspension expunged on October 28, 1992.
Stern began his career as a clerk for Merrill Lynch in December 1947. After a successful run of twenty years in futures and options trading, Stern opened a clearing firm, Lee B. Stern & Company in 1967.
Born to a Jewish family, Stern attended Senn High School. Upon graduation in 1945, he attended the University of Illinois and enlisted in the Army Air Corps cadet program and reported for active duty in 1945. After serving two years including a stint in the army of occupation in Germany, he attended Roosevelt University in Chicago, before starting at the Chicago Board of Trade. Lee married Norma Retchin in 1951. They have 4 children, 11 grandchildren and 8 great-grandchildren.
Lee B. Stern (born December 27, 1926) is the longest tenured trader at the Chicago Board of Trade. He has been one of the most successful traders in the commodities market throughout his time there, and is well known for his involvement in the Chicago sports scene as well. He was the President of the North American Soccer League's Chicago Sting, and is currently a director and minority owner of the Chicago White Sox.
