He then went on to purchase and redevelop properties in the Washington, D.C. area, including the historic Woodward & Lothrop building. He has also invested in real estate in other cities, such as Baltimore, Philadelphia, and Detroit.
Douglas Jemal is an American businessman who has a net worth of $150 million. He began his career in retail trade and has since gone on to purchase and redevelop properties in the Washington, D.C. area, as well as in other cities such as Baltimore, Philadelphia, and Detroit. His investments have earned him a significant fortune and have helped to preserve historic buildings in the process.
Douglas Jemal is a member of Richest Businessmen
💰Douglas Jemal Net worth: $150 Million
Douglas Jemal Net Worth: Douglas Jemal is an American businessman who has a net worth of $150 million. Douglas Jemal was born in Brooklyn, New York. He amassed his wealth beginning with retail trade and a small store on 7th Street, NW. Jemal soon expanded into the electronics and music business.
By 1980, he had created one of the most successful retail electronics chains in the nation. He branched out into real estate that same year, purchasing his first parcel at 425 7th Street, NW in 1981. As the president of Douglas Development, Doug Jemal became well known to virtually everyone in D.C.'s multibillion-dollar commercial real estate industry, particularly notable for his unprecedented success in preserving historic architecture while transforming properties into viable and successful retail, office or residential sites.
Jemal is actively involved on a personal basis in the design, construction and leasing of all of his properties. In 2014, Douglas Development Corp. was in full swing with plans to turn the aging New York Avenue NE industrial property into an engine of economic development. Doug Jemal, who basks in the attention his projects generate with his brash, unapologetic style, built on the confidence of those many feats.
Doug Jemal, who turned 71 in 2014, shows no signs of slowing down and currently serves on the Downtown Developers' Roundtable, providing expertise and counsel on important economic and development issues within Washington, DC. Douglas Jemal is an active philanthropist and proud to give back to the Washington, DC community. Noteworthy charitable contributions in recent years include donations to the Children's Hospital, Columbia Lighthouse for the Blind, Cystic Fibrosis Foundation, Shaw Main Street, Animal Rescue Foundation, Manna Inc. and The Studio Theatre Inc., among several others.
