Who Is Ira Rennert? Age, Biography, and Wiki
Ira Rennert, born on May 31, 1934, is a prominent American businessman known for his significant accomplishments in various industries. With a career spanning several decades, Rennert has established himself as a noteworthy figure in finance and business. As of 2025, he is 90 years old, continuing to influence the field with his entrepreneurial spirit and investment acumen. His journey from humble beginnings to billionaire status remains an inspiration for many.
| Occupation | Billionaire |
|---|---|
| Date of Birth | May 31, 1934 |
| Age | 91 Years |
| Birth Place | New York City, US |
| Horoscope | Gemini |
| Country | U.S |
Popularity
Ira Rennert's Popularity over time
Height, Weight & Measurements
While specific figures about Ira Rennert’s height and weight are not publicly disclosed, he is often described as having a commanding presence. As he is in his 90s, these measurements may fluctuate over time but are generally considered secondary to his professional achievements.
Family, Dating & Relationship Status
As of 2025, Ira Rennert is married to his wife, Ingeborg Rennert. The couple has been together for several years and they have created a family environment that promotes investments and philanthropy. They have children together, although specific details about their family life tend to be kept private. There have been no public reports about any past or present boyfriends or girlfriends, which aligns with his generally reserved personal life.
Rennert's parents were immigrants from Poland and Romania. He graduated from Brooklyn College in 1954, and earned his master's degree from New York University Stern School of Business in 1956, where he later was on the board of overseers.
Net Worth and Salary
Ira Rennert's net worth is estimated to be around $1.7 billion in 2025, making him one of the wealthiest individuals in America. His income is primarily generated from his extensive business ventures, including his ownership of various companies in diverse sectors. Rennert has been recognized for his strategic investments that have significantly contributed to his wealth.
Ira Leon Rennert (born May 31, 1934) is an American billionaire businessman, and the chairman and CEO of Renco Group. As of November 2024, Forbes estimated his net worth at US$3.8 billion.
Career, Business, and Investments
Rennert's career began in the late 20th century, where he made a name for himself as a savvy investor and businessman. He is the founder of the Renco Group, which has interests in various industries such as metals, energy, and media. Over the years, Rennert has successfully navigated through economic shifts, maintaining his status as a powerful figure in business. His investments have often been characterized by their innovative approaches and strategic foresight, showcasing his ability to capitalize on market opportunities.
Rennert started his career as a credit analyst on Wall Street in 1956. He also was a partner at Rubin, Rennert & Co. before launching his own business, I. L. Rennert & Co., in 1962. At this time he was censured by the National Association of Securities Dealers for operating with insufficient capital.
It occurred again in 1963, and as a result, his license was revoked on November 29, 1964, effectively banning him from the securities industry.
According to a company spokesman, Jon Goldberg: "Due to market conditions, the firm found itself in violation of the net capital rule and Rennert raised capital and put it into the firm to bring it into compliance. However, the firm once more fell beneath the net-capital requirements and he shut the company down."
Social Network
Ira Rennert maintains a low profile on social media platforms. Unlike many modern entrepreneurs, he prefers to engage in business and philanthropic activities rather than share his personal and professional life online. However, his significant contributions to various sectors often garner attention in business news outlets and publications.
In 1989, Renco acquired the U.S.'s largest magnesium producer in Utah. Removing minerals from the water of the Great Salt Lake, Magnesium Corp. uses chemicals to refine the magnesium used in products ranging from bombs to bicycles. In 1996, Renco established Renco Metals, Inc. as a holding company for Magnesium Corp.
and issued $150 million in bonds. Just like WCI, the company paid Renco $90 million in dividends by the year end.
Education
Rennert holds a degree in economics from Yeshiva University, where he laid the groundwork for his future career in business. His educational background has been instrumental in shaping his understanding of finance and investment principles, enabling him to thrive in various markets throughout his career.
In the end, Doe Run ended up investing more than $300 million in environmental remediation during its ownership and was not able to clean up the site to achieve the standards required by Peruvian law. La Oroya was and remains a very polluted site.
The Blacksmith Institute placed La Oroya on its list of ten most polluted places in the world, along with Chernobyl, Ukraine. In August 2007, it was reported that air levels of arsenic levels were 85 times more than the "safe" level, cadmium 41 times, and lead 13 times more. A study by St.
Louis University scientists found that 97 percent of children in La Oroya suffer from mental and physical deficiencies related to their exposure to polluted air.
