David Mandelbaum (politician)

David Mandelbaum (Born December 13, 1935) is an American Democratic Party politician, and minority-owner of the Minnesota Vikings NFL team.

Early life

Mandelbaum was born December 13, 1935 in Newark, New Jersey, the son of Philip Mandelbaum (June 22, 1908 - June 30, 2004)and Ella Baum Mandelbaum (1911–1999). He grew up in Maplewood, New Jersey. He is a graduate of Princeton University and Harvard University Law School. He is a partner at the law firm of Mandelbaum & Mandelbaum.

New Jersey State Assemblyman

He was elected to the New Jersey General Assembly in 1961, at the age of 25. He finished fourth in a field of 28 candidates for nine Essex County At-Large Assembly seats. He received 140,037 votes, more than 12,000 votes ahead of incumbent Republican Assemblyman Philip Lindeman.[1] He was narrowly re-elected in 1963, finishing 1,065 votes ahead of another Democratic Assemblyman, John J. Miller, Jr..[2] He was re-elected by more than 24,000 votes in 1965.[3]

Campaign for State Senator

Mandelbaum ran for the New Jersey State Senate in 1967. The General Election turned out to be a strong environment for Republicans; it was the mid-term election of Governor Richard J. Hughes's second term. Republicans won all six Essex County Senate seats, with Matturri running third. Mandelbaum finished tenth in the election. The four Democratic Senators elected in 1965 -- Nicholas Fernicola, John J. Giblin, Maclyn Goldman and Hutchins Inge—were all defeated.[4]

1967 Essex County State Senator General Election results

Winner Party Votes Loser Party Votes
Michael Giuliano Republican 122,354 Nicholas Fernicola Democrat 91,812
Gerado Del Tufo Republican 119,956 John J. Giblin Democrat 89,297
Alexander Matturri Republican 119,152 Maclyn Goldman Democrat 88,796
James Wallwork Republican 118,834David Mandelbaum Democrat 85,131
Milton Waldor Republican 117,280 Victor Addonizio Democrat 83,587
David W. Dowd Republican 115,568 Hutchins Inge Democrat 83,543

Real estate developer

In 1968, Mandelbaum formed Interstate Properties, a real estate development firm, with Steven Roth and Russell Wight in 1968. He has been a trustee of Vornado Realty since 1979, and a Director of Alexander’s, Inc. since 1995. In 2006, he made the Forbes 400 list at #384 with an estimated net worth of $900 million.[5]

NFL owner

In 2005, Mandelbaum and five other partners, in a group led by Zygi Wilf, purchased the Minnesota Vikings of the National Football League from Red McCombs for a reported US$600 million.[6] Forbes estimates the 2014 value of the franchise at US$1.007 billion, or 21st of the 32 NFL teams.[7]

Family

Mandelbaum married Karen Krupnick in 1964.[8] They have four sons: Richard, Michael, Jeffrey and Jonathan.

References

  1. ↑ "Our Campaigns". www.ourcampaigns.com. Retrieved 7 January 2015.
  2. ↑ "Our Campaigns". www.ourcampaigns.com. Retrieved 7 January 2015.
  3. ↑ "Our Campaigns". www.ourcampaigns.com. Retrieved 7 January 2015.
  4. ↑ "Our Campaigns". www.ourcampaigns.com. Retrieved 7 January 2015.
  5. ↑ "#384 David Mandelbaum & family". Forbes.com. Retrieved 7 January 2015.
  6. ↑ Borzi, Pat (August 19, 2005). "Vikings' Owner Makes a Name for Himself". The New York Times. Retrieved 2009-12-23.
  7. ↑ http://www.1500espn.com/sportswire/Forbes_values_Vikings_at_worth_more_than_a_billion_dollars_in_latest_rankings071614
  8. ↑ "Karen Krupnick Wed To David Mandelbaum". New York Times. 16 August 1964. Retrieved 7 January 2015.
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