Bruce Ratner is a well-known American real estate developer, businessman, and former minority owner of the Brooklyn Nets, an NBA team. He is most recognized for his role in developing the Barclays Center in Brooklyn, New York, and for transforming parts of the Brooklyn skyline through his company, Forest City Ratner Companies (FCRC). Ratner has been a significant figure in New York City real estate and urban development, responsible for various high-profile projects that have reshaped neighborhoods and provided a boost to the local economy.
In addition to his work in real estate, Bruce Ratner has been involved in public service and philanthropic efforts, focusing on education, community development, and cultural institutions. His influence extends far beyond business, as he has played an integral role in fostering the growth and revitalization of communities in and around New York City.
Bruce Ratner Age and Education
Bruce Ratner was born on January 23, 1945, which makes him 79 years old as of 2024. He was born and raised in Cleveland, Ohio, in a Jewish family that placed a strong emphasis on education and hard work.
For his education, Ratner attended Harvard University, where he received his Bachelor’s degree in 1967. After completing his undergraduate studies, he continued his education at Columbia Law School, where he earned a Juris Doctor (JD) degree in 1970. Ratner’s law degree helped launch his early career in public service and law before he transitioned into real estate development, where he found his true calling.
His education at two prestigious institutions laid the foundation for his success in both the public and private sectors, equipping him with the skills necessary to navigate complex legal, political, and financial landscapes.
Bruce Ratner Career
Bruce Ratner’s career is marked by his significant contributions to real estate development in New York City. After working as a lawyer and in public service, Ratner shifted his focus to real estate, founding Forest City Ratner Companies (FCRC) in 1985. His firm became a major player in the development of commercial and residential properties throughout the city.
Real Estate and Development
One of Ratner’s earliest major projects was the development of Metrotech Center, a large commercial and academic complex in Downtown Brooklyn. This project, completed in the early 1990s, helped revitalize an area that had long been neglected, attracting businesses, creating jobs, and laying the groundwork for further investment in the borough.
Ratner’s most high-profile project is the Barclays Center, the home arena of the Brooklyn Nets. This multi-billion-dollar project was part of the larger Atlantic Yards (now known as Pacific Park) development, a mixed-use residential and commercial development in Brooklyn. While the project faced several challenges, including protests and legal battles over eminent domain, Ratner ultimately succeeded in bringing professional sports back to Brooklyn for the first time since the Brooklyn Dodgers left in 1957. The Barclays Center, which opened in 2012, has become an iconic sports and entertainment venue, attracting top talent and events from around the world.
Brooklyn Nets Ownership
In addition to his work as a developer, Ratner was involved in professional sports. He became the principal owner of the Brooklyn Nets in 2004, as part of his vision for the Barclays Center. Although he sold the majority of his stake in the team to Russian billionaire Mikhail Prokhorov in 2010, Ratner remained a minority owner until selling his remaining shares in 2017.
Under Ratner’s leadership, the Brooklyn Nets’ move from New Jersey to Brooklyn was completed, and the team now plays in one of the NBA’s most modern arenas.
Other Ventures
Apart from real estate, Bruce Ratner has also been involved in philanthropy and public service. Early in his career, he served as Commissioner of Consumer Affairs for New York City under Mayor Ed Koch. His contributions to public life extend into areas such as education, the arts, and community development.
Bruce Ratner House and Family
As a successful real estate mogul, Bruce Ratner has access to luxurious homes and properties. While specific details about his current residence are kept private, it is known that Ratner has owned and developed several high-end properties in New York City and beyond.
Ratner comes from a close-knit family. His brother, Michael Ratner, was a prominent civil rights attorney, and his family has been involved in various social justice causes. Ratner’s family heritage and values have played a significant role in shaping his business philosophy, which focuses on creating developments that benefit communities.
Bruce Ratner Wife
Bruce Ratner is married to Dr. Veronica White. Dr. White is a medical professional who, like her husband, has a passion for public service and community welfare. She has been involved in various health initiatives and charitable causes, aligning with Ratner’s own philanthropic efforts.
The couple has been married for several years and shares a commitment to improving the well-being of those around them. Together, they have been involved in various charitable activities and have contributed to causes that promote education, health, and urban development.
Bruce Ratner Personal Life
Bruce Ratner is known for being a private individual despite his high-profile career in real estate and sports. In his personal life, Ratner has been deeply involved in philanthropic activities, particularly in the areas of education and community development.
Ratner is a trustee of several organizations and has donated millions to educational institutions and cultural organizations. He is passionate about creating opportunities for underserved communities and has worked tirelessly to ensure that his developments have a positive impact on neighborhoods.
Throughout his life, Ratner has balanced his business ambitions with a sense of social responsibility. He has been recognized for his efforts to provide affordable housing in his developments and to ensure that his projects include benefits for the broader community.
Bruce Ratner Net Worth
As of 2025, Bruce Ratner’s net worth is estimated to be around $800 million. His wealth is primarily derived from his work in real estate development through Forest City Ratner Companies, as well as his involvement in the Brooklyn Nets and other business ventures.
Ratner’s real estate projects, particularly in Brooklyn, have significantly increased in value over time, contributing to his substantial fortune. His role in developing the Barclays Center and the larger Pacific Park project helped cement his status as one of New York City’s most influential developers.
While he no longer owns a stake in the Brooklyn Nets, Ratner’s legacy in sports and real estate remains closely tied to the team and its home arena. His ability to navigate the complexities of urban development in New York City, including dealing with political and community opposition, has earned him a reputation as one of the city’s most savvy businessmen.
Conclusion
Bruce Ratner is a pivotal figure in New York City’s real estate landscape, having transformed entire neighborhoods through his visionary development projects. At 79 years old, he continues to be a force in urban development, although he has stepped back from the public eye in recent years.
From his early days as a lawyer and public servant to his later successes as a real estate mogul and former NBA team owner, Ratner’s career is a testament to his ability to turn ambitious ideas into reality. With a net worth of around $800 million, Bruce Ratner’s legacy is one of innovation, perseverance, and a commitment to improving the communities in which he works.
Through his Barclays Center project and other major developments, Ratner has not only left a lasting mark on Brooklyn but also on the broader real estate and business world. His influence extends far beyond his financial success, making him one of the most impactful figures in modern urban development.