[12], The Renco Group's environmental record in the U.S. related to Doe Run provides a good example of this development. Rather than cleaning up its mess, Renco has spent $305,000 over the past two years lobbying the US government to help convince Peru not to expropriate the plant. Rennert, the New York financier who owns a conglomerate of mining, metals and smelting firms, has long been in the news for battling environmental groups and government regulators. (Reuters) - A federal appeals court said billionaire Ira Rennert must pay a $213.2 million judgment after a jury found him liable for looting his now-defunct magnesium company to build one of the countrys most expensive homes, a 21-bedroom mansion in New Yorks Hamptons. Along the way, he paid substantial dividends out of the business to himself. Mr. Rennert's conglomerate, the Renco Group, will be required to pay the pensions of retirees who worked at a subsidiary that went bankrupt in 2012. }).catch(() => {}); He was born to a Polish mother who emigrated from Poland at age 3 and a father who emigrated from Romania at age 13. Ira Rennert - Wikipedia Ira Rennert slammed with more than $200M in fines. We noticed you have an ad blocker on. }; The holding company then sold $120 million in junk bonds, this time paying an additional $100 million dividend to Renco. LTV Steel Co., worth $140 million. Ira Rennert gifted Yohina an apartment worth USD 30 million and she along with her husband Davidson have shifted to the house in Park Avenue. The house faces the Atlantic Ocean and its grounds measure 63 acres (250,000m2). He denied such allegations, and the local paper later issued an apology. Its a fucking monster! marvels a bulldozer operator gazing at Rennerts 12 chimneys. However, the firm once more fell beneath the net-capital requirements and he shut the company down. On August 17, 2010, a 10th Circuit Court of Appeals ruling overturned a District Court judge's October 17, 2007, decision that the U.S. Magnesium facility in Rowley, Utah was not illegally disposing five wastes. First he was sued by a business partner. He is the President of a privately-held Manhattan-based holding company called Renco that, among other assets, owns a steel plant and a magnesium plant. !e;this.xhrGuids&&!this.xhrGuids[n]&&(this.xhrGuids[n]=!0,this.totalCbs+=1)}),f.on("xhr-load-removed",function(t,e){var n=""+p(t)+! We pass by some hedgerows and take a bridge over Sag Pond, rechristened Goldman Pond by the locals. Rennert caused controversy among his neighbors by building a beach front home in Sagaponack, New York, considered one of the largest occupied residential compounds in the United States. Wikipedia; Ira Rennert - Biography I am so happy to have some good news for Roth IRA investors finally. Jenna Rennert (@itsjennarennert) Instagram photos and videos var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); mps.__timer = Date.now ? 'https' : 'http') + '://pix.nbcuni.com/a-pii.gif?X=piiblock&S=' + mps.pagevars.instance + '&P=' + mps.pagevars.mpsid + '&A=' + i + '&U=' + encodeURIComponent(window.location.href) + '&_=' + window._mpspixZ; if (typeof window === 'undefined') return; They Rule from the Shadows: Ira and Ingeborg Rennert Help Mother Jones' reporters dig deep with a tax-deductible donation. return _regex.test(_qs); 'subtype' : 'section' , script.setAttribute("onload", "setAdblockerCookie(false);"); Tamara is married to Randy Winn. A Kentucky coal mine, an Ohio steel mill, and MagCorp went bust, and bondholders of the latter two sued him for fraud. Buchwald had contended that Rennert diverted money from MagCorp to help build his estimated 43,000-square-foot mansion, known as Fair Field, on 65 oceanfront acres in Sagaponack, on New Yorks Long Island. Another US unit of Renco also faced environmental issues in Herculaneum, Missouri and has made substantial improvements. window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;djenna rennert This site is protected by reCAPTCHA and the Google Privacy Policy and [9] Harbinger sold the business to Severstal, a steelmaker based in Russia.[10]. 'cag[brand]' : 'none' , Jenna is an on air correspondent and hosts live red carpet events, recently covering The Met Gala and the Tony Awards for Vogue Magazine's livestream. "Devastating Luxury.". mps._queue.adload = mps._queue.adload || []; AM General produced vehicles for military, industrial and government use, which includes the. This page was last edited on 17 February 2023, at 14:42. When I inquire after the master of the house, he tells me to leave right now or Im going to have you arrested, which I take to mean Mr. Rennert is unavailable. Rennert was born on May 31, 1934 in Brooklyn New York. cStart = cStart + name.length + 1; Ira Rennert is a self made billionaire and his worth is USD 3.9 billion as of Jan 2017. const blockedCategories = decodeURIComponent(matches[1]) [citation needed] In 2013, Doe Run shut down its lead smelter, entirely discontinuing emissions in Missouri. The differences between Roth 401(k)s and Roth IRAs recently were changed significantly. The business mogul, who Forbes says is worth $5.9 billion, was recently in court defending the funding of his Sagaponack estate. var _qs = window.location.href; Watch popular content from the following creators: Captiv8(@captiv8_official), Itsjennarennert(@itsjennarennert), Itsjennarennert(@itsjennarennert), Itsjennarennert(@itsjennarennert), Itsjennarennert(@itsjennarennert) . Rennert lives in Sagaponack, New York along with his wife Ingeborg Hanna and three children. Rennert has a bachelor's degree in finance from the Stern School of Business at New York University.. 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