The man who cannot survive bad times will not see good times.

Hasidic Proverb

Jay Schottenstein - Biography

Jay Schottenstein (born 1955) is an entrepreneur from Columbus, Ohio.

Biography

Jay is the son of Jerome Schottenstein and Geraldine Hoffman. Jerome established Schottenstein Stores Corp. and was active especially in supporting Jewish charities. He served as board member of Yeshiva University. In 1976 Jay entered his father's business and later married Jeanne, by whom he has 3 sons Joseph, Johnathon and Jeffrey. He also has three grandchildren, Jacob, Jonah, and Emma. Since 1980 he has served as chairman of American Eagle Outfitters, Incorporated. In 1993 he replaced his father as head of Schottenstein Stores Corp (SSC), as well as his charity activities. From 2005, he has served as chairman of DSW. He is one of the main contributors along with his family to Schottenstein Edition of the Babylonian Talmud. He is brother-in-law of Jon P. Diamond and is the first cousin once removed to Astor & Black founder David Schottenstein.

The Schottenstein family's wealth was once estimated at $2 billion, coming mainly from Retail Ventures and American Eagle Outfitters, in which it currently owns a 26.5 % stake. Schottenstein personally owns about 3% of American Eagle Outfitters, but Retail Ventures holds a stake as well.


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