Nicholas Schorsch

Quick Facts

Full Name	Nicholas Schorsch
Occupation	Entrepreneur
Date Of Birth	Mar 2, 1961(1961-03-02)
Age	63
Birthplace	Philadelphia
Country	United States
Birth City	Pennsylvania
Horoscope	Pisces

Nicholas Schorsch Biography

Nicholas Schorsch is one of the most popular and richest Entrepreneur who was born on March 2, 1961 in Philadelphia, Pennsylvania, United States.

He next founded Thermal Reduction Corporation, a metal product manufacturing business. Over ten years he built up the company through a series of mergers and acquisitions, eventually selling his interest in 1994.

In 1995, he and his wife Shelley co-founded the Jenkintown-based American Financial Resource Group, which originally acquired operating companies in the printing, label, and financial services sector. Within two years, the company diversified into the acquisition of commercial real estate properties. In 1998, Schorsch learned of a merger between CoreStates Financial Corporation, a bank with whom he did business, and First Union Corporation. As a result of the pending merger, 106 of CoreStates’ bank branches were set to close. Upon hearing this, Schorsch offered to buy every (vacant) bank branch building. He recalled in a 2005 interview in The New York Times, “They [the bank] thought I was a crazy man.” The $22.3 million deal was completed within 37 days, and within 12 months he sold or leased 95% of the properties.

Nicholas Schorsch Net Worth

Nicholas Schorsch is one of the richest Entrepreneur from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Nicholas Schorsch 's net worth US$1.6 billion (August 2014). (Last Update: December 11, 2023)

Nicholas Sloan “Nick” Schorsch (born March 2, 1961) is an American entrepreneur, investor, and philanthropist. Schorsch is the Chairman, CEO, and co-founder of the investment services firm American Realty Capital.

Height, Weight & Body Measurements

Nicholas Schorsch height Not available right now. Nicolene weight Not Known & body measurements will update soon.

Who is Nicholas Schorsch Dating?

According to our records, Nicholas Schorsch is possibily single & has not been previously engaged. As of December 1, 2023, Nicholas Schorsch’s is not dating anyone.

Relationships Record : We have no records of past relationships for Nicholas Schorsch. You may help us to build the dating records for Nicholas Schorsch!

Schorsch founded American Realty Capital Properties Inc. or ARCP, later named VEREIT, in 2010. In October 2014, the company admitted to an accounting error of $23 million, leading to significant sales of the company’s stock and a drop in its value by $3 billion. The company fired Chief Financial Officer Brian Block after an audit committee investigation, and said that financial information in its 2013 10-K and Q1 and Q2 2014 quarterly reports “should no longer be relied upon.” Lawsuits followed, with investors claiming ARCP had misstated financials in order to inflate financial results. In December Schorsch resigned as Chairman.

Facts & Trivia

Nicolene Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in United States. Nicholas Schorsch celebrates birthday on March 2 of every year.

On December 30, 2014, RCS Capital announced that Nicholas S. Schorsch notified the RCS Capital Board of his decision to step down from his position as Director and Executive Chairman of the Board. According to a press release issued by AR Capital, Schorsch has made this decision in order to focus his attention on strategic initiatives and potential liquidity events of closed programs sponsored by AR Capital, and new strategies for the future suite of AR Capital investment programs. Schorsch was succeeded by Mark Auerbach, RCS Capital’s former Lead Independent Director, to the role of Chairman, effective immediately. On January 4, 2016, the NYSE suspended trading of RCAP after RCAP announced it reached an agreement in principle to restructure its debt and intended to file Chapter 11 bankruptcy in late January 2016.