Norman Braman (born August 23, 1932) is an American billionaire car dealer, and former owner of the Philadelphia Eagles.
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Early life and education
Braman was born in 1932 in West Chester, Pennsylvania, and grew up in the Cobbs Creek section of Philadelphia, where his father owned a salon. Braman's parents are Jews emigrating from Europe. His mother who was born in Romania was a tailor and his Polish father was a barber. Braman was a teenage boy in his teenage years at the Eagles training camp, then in West Chester. During the season, he will sneak into Shibe Park to watch the team play. Braman attended West Philadelphia High School and graduated from Temple University in 1955 with a degree in business administration.
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Careers
Braman began his career as a market research analyst for Seagram Distributors in 1955. A few years later he took an executive position in Bargaintown AS.A which was eventually acquired and transformed into a Keystone Store, a chain of convenience stores in Philadelphia. In the mid-1960s he pioneered the merger between his Keystone Stores business and Philadelphia Laboratories to create Philadelphia Pharmaceuticals and Cosmetics. Braman was appointed president and CEO of the new company. Acquisitions under his tenure in the company include Vitamix Pharmaceuticals, F.A. Martin and Company, and U.S. Cocoa Corporation. Braman resigned from his position at Philadelphia Pharmaceuticals and Cosmetics in 1969 to pursue other interests.
Automotive
Braman started his career in the car business in 1972 when he gained control of the Sharpe-Taylor Cadillac in Tampa, Florida. In 1975, Braman bought the former Nolan Brown Cadillac in Miami, Florida. The following year, Braman took its first imported brand with the purchase of BMW and Rolls-Royce C.R dealers. Berry, Inc. and move the two franchises alongside its dealer in Miami Cadillac. In 1980, Braman had a Cadillac, a BMW, a Rolls-Royce, a Fiat, a Lancia, and a Toyota dealer along the Biscayne Boulevard block in Miami in 2000. The Braman automotive kingdom continues to grow from there and today it is CEO of Braman Management, an umbrella company for its automotive business that includes more than 20 car dealerships in Florida and Colorado that sell Acura, Audi, Bentley, BMW, Bugatti, Cadillac, Genesis, Honda, Hyundai, Kia, Mercedes-Benz, MINI, Porsche and Rolls-Royce.
In addition to its automotive retail business, Braman owns the majority of Austin Rover Cars of North America (ARCONA), a distributor for Sterling cars imported to the United States starting in 1987. The company name was changed to Sterling Motor Cars in 1989 and closed in 1991 after sales model 825/827 Sterling based on Rover 800 failed to meet expectations.
Sports
Braman and his brother-in-law, Ed Leibowitz, became owners of the Philadelphia Eagles in April 1985 after getting them from Leonard Tose to report $ 65 million. Initially, Braman had 65% of the team while Leibowitz had 35%. In July 1986, Braman bought Leibowitz flowers. In 1994, Braman agreed to sell the team to a group led by film producer Jeffrey Lurie. The reported selling price was $ 185 million, a record for the sports team's franchise at the time.
Politics
He financially endorsed the election of a recall against Miami-Dade Mayor Carlos Alvarez due to a huge property tax increase and paid a raise to Alvarez's top staff. On March 15, 2011 nearly 90% of those who turned out to vote that day in Miami-Dade County, chose to call the mayor. This is believed to be one of the most severe recall selections in American electoral history.
Braman is a supporter of Marco Rubio, and is considering spending anywhere between US $ 10 million to US $ 25 million to support his 2016 presidential campaign. In recognition of his autobiography, Rubio thanked Braman for being a supporter, and Braman worked at one time or another Marco Rubio's wife, Jeanette Dousdebes Rubio, at the Braman Family Charitable Foundation.
Personal life
Braman married Irma Miller. They have two daughters: Debra Wechsler and Suzi Lustgarten.
References
External links
- Norman Braman: Los Angeles Times Eagle Owners
Source of the article : Wikipedia
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