David Mandelbaum (born December 13, 1935) is an American

Democratic Party Democratic Party most often refers to: *Democratic Party (United States) Democratic Party and similar terms may also refer to: Active parties Africa *Botswana Democratic Party *Democratic Party of Equatorial Guinea *Gabonese Democratic Party *Demo ...

politician, minority-owner of the

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team, and real estate developer.

Early life

Mandelbaum was born to a

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

family on December 13, 1935 in

Newark, New Jersey Newark ( , ) is the most populous city in the U.S. state of New Jersey and the seat of Essex County and the second largest city within the New York metropolitan area.Maplewood, New Jersey Maplewood is a township in Essex County in the U.S. state of New Jersey. The township is an inner-ring suburban bedroom community of New York City in the New York metropolitan area. As of the 2020 United States census, the township's populatio ...

. He is a graduate of

Princeton University Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest ins ...

and

Harvard University Law School Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States. Each class ...

. He is a partner at the law firm of Mandelbaum & Mandelbaum.

New Jersey State Assemblyman

He was elected to the

New Jersey General Assembly The New Jersey General Assembly is the lower house of the New Jersey Legislature. Since the election of 1967 (1968 Session), the Assembly has consisted of 80 members. Two members are elected from each of New Jersey's 40 legislative districts for ...

in 1961, at the age of 25. He finished fourth in a field of 28 candidates for nine Essex County At-Large Assembly seats. He received 140,037 votes, more than 12,000 votes ahead of incumbent Republican Assemblyman Philip Lindeman. He was narrowly re-elected in 1963, finishing 1,065 votes ahead of another Democratic Assemblyman, John J. Miller, Jr. He was re-elected by more than 24,000 votes in 1965.

Campaign for State Senator

Mandelbaum ran for the New Jersey State Senate in 1967. The General Election turned out to be a strong environment for Republicans; it was the mid-term election of Governor

Richard J. Hughes Richard Joseph Hughes (August 10, 1909December 7, 1992) was an American lawyer, politician, and judge. A Democrat, he served as the 45th governor of New Jersey from 1962 to 1970, and as Chief Justice of the New Jersey Supreme Court from 1973 to ...

's second term. Republicans won all six Essex County Senate seats, with Matturri running third. Mandelbaum finished tenth in the election. The four Democratic Senators elected in 1965 -- Nicholas Fernicola, John J. Giblin,

Maclyn Goldman Maclyn S. (MacyLyn) Goldman (December 11, 1901 – November 18, 1977) was an American Democratic Party politician, lawyer and businessman. He represented Essex County in the New Jersey State Senate from 1966 to 1968. Goldman served as a Municipa ...

and

Hutchins Inge Hutchins Franklin Inge (April 16, 1900 – March 28, 2002) was an American physician and Democratic Party (United States), Democratic Party politician. He was the first African American to serve in the New Jersey Senate. Early life and caree ...

—were all defeated.

1967 Essex County State Senator General Election results

Business Activities

In 1968, Mandelbaum contributed $250,000 towards the formation of Interstate Properties, a real estate development firm, with

Steven Roth Steven Roth (born 1941) is an American real estate investor, the founder and chairman of Vornado Realty Trust, the largest commercial landlord in New York City. He is also co-founder and managing general partner of Interstate Properties, and chai ...

and

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. The firm later took control of the Vornado fan company (previously acquired by the

Two Guys Two Guys from Harrison (later shortened to Two Guys) is a former discount store chain founded in 1946 by brothers Herbert and Sidney Hubschman in Harrison, New Jersey, originally selling major appliances such as televisions. The chain acquired ...

department store chain) and turned it into the

Vornado Realty Trust Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan. Investments Notable properties owned by the ...

. Mandelbaum has been a trustee of the trust since 1979, and a Director of Alexander's, Inc. since 1995. In 2005, Mandelbaum and five other partners, in a group led by

Zygi Wilf Zygmunt "Zygi" Wilf (born April 22, 1950) is an American billionaire businessman and real estate developer. He is the chairman and co-owner of the NFL's Minnesota Vikings and the majority owner of MLS's Orlando City. Early life Wilf was born ...

, purchased the

of the

National Football League The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). The NFL is one of the ...

from

Red McCombs Billy Joe "Red" McCombs (born October 19, 1927) is an American businessman. He is the founder of the Red McCombs Automotive Group in San Antonio, Texas, a co-founder of Clear Channel Communications, former chairman of Constellis Group, a forme ...

for a reported 600 million. ''

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'' estimates the 2014 value of the franchise at 1.007 billion, or 21st of the 32 NFL teams. Mandelbaum and his family were named 384th on the

Forbes 400 The ''Forbes'' 400 or 400 Richest Americans is a list published by ''Forbes'' magazine of the wealthiest 400 American citizens who own assets in the U.S., ranked by net worth. The 400 was started by Malcolm Forbes in 1982 and the list is publ ...

list in 2005, with an estimated net worth of $900 million.

Family

David Mandelbaum married Karen Krupnick in a

ceremony in 1964. They have four sons: Richard, Michael, Jeffrey and Jonathan.

References

{{DEFAULTSORT:Mandelbaum, David 1935 births Living people People from Maplewood, New Jersey Jewish American sportspeople Politicians from Newark, New Jersey Princeton University alumni Harvard Law School alumni Businesspeople from New Jersey Democratic Party members of the New Jersey General Assembly New Jersey lawyers Minnesota Twins owners 21st-century American Jews