![]() ![]() He battled Kaplan’s children from a previous marriage - Phillip, Peter, and Jennifer - over a post-nuptial agreement until 2000, reports Bloomberg.Ī judge dismissed the claim, and the Toy “R” Us founder didn’t have to pay her children.Ĭharles Lazarus has two daughters, Ruth and Diane Lazarus, from his first wife, Udyss, who he divorced in 1979. Lazarus was involved in a lawsuit concerning Kaplan’s deathbed divorce claim. ![]() He was previously married to Austrian-American sex therapist Helen Singer Kaplan for 16 years until she died of cancer at age 66. Lazarus married his third wife, Joan Regenbogen, in 1995. It is unclear how much Charles Lazarus made by selling Toy “R” Us therefore, his exact net worth is unknown. Toy “R” Us was bought in 1966 by Interstate Department Stores in 1994, and Bain Capital, real estate firm Vornado, and other investors took control of the toy company in a $7.5 billion leveraged buyout in 2005. In August of 2013, Lazarus sold his penthouse in Manhattan for $21 million.Ĭharles Lazarus’ net worth is estimated to be more than $100 million. His stock options in the company made up $56 million of the huge payout. 1 in its ranking of highest-paid executives on Forbes’ list that year. He sold the company he founded for a fortune, boosting his net worth in the process.Īccording to Fortune, Lazarus made over $60 million in 1987, making him No. Lazarus stepped down as CEO in 1994 but stayed as chairman for more four years. ![]() According to CNN Money, Charles Lazarus no longer had a stake in the company he founded and did not run its operation in recent years. The sad news comes after Toys “R” Us made headlines this week as the company announced that it will shut down its stores in the U.S. Learn about his net worth, family, and how he started the iconic company. The entrepreneur founded the popular retail company 70 years ago at the age of 24. Charles Lazarus, the founder of Toys “R” Us, has passed away at the age of 94. ![]()
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