Jan Burman Net Worth

What is Jan Burman’s net worth?

Introduction

Jan Burman is an American businessman who heads a full service real estate development company out of New York.

Engel Burman—the company Jan founded back in 1997 alongside the late, great Sydney Engel—manages a rapidly expanding real estate portfolio that includes residential, commercial, healthcare, and retirement living properties across the US.

We know Jan Burman has a sharp eye for development and a keen entrepreneurial mind. We know he’s been on TV looking at some of the most staggeringly expensive homes in the country.

And we know he’s racking up a lot of awards in the real estate industry.

But what else do we need to know about this keen business brain? Let’s find out.

The Origin Story

Born in the late 50s in Long Island, New York, Jan Burman already had real estate in his blood.

His grandfather built his own home, and bought up industrial properties around the Long Island area during the real estate slumps in the 1970s and 1980s.

His father followed in his footsteps, developing the family’s industrial holdings and growing the business.

Jan showed his father and grandfather’s same keen eye for a deal, and headed to Syracuse University, in Syracuse, New York.

He graduated with an MBA in Finance, and joined the family business in 1978.

Wife & Children

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Jan Burman married keen businesswoman and hospitality professional, Renee, and the pair raised two sons.

Scott and David have both shown an interest in continuing the family legacy—Scott is the president of Engel Burman Construction, and David deals in acquisitions and project management for the entire Engel Burman group.

Jan Burman is also a grandfather. Scott’s children—Page, Isla, and Brent—may be the next in line to join the family business.

The Path To Greatness

Once Jan Burman joined the family business in 1978, he was able to grow its holdings steadily until it was one of the largest operators in the New York area.

He was drawn more to the real estate development side of the business than he had been to finance, although his sharp eye for figures helped take the business to the next level.

By 1997, it owned a staggering 5 million feet of industrial land.

At that point, Jan made the executive decision to sell up—he had bigger projects in mind.

The company sold 39 buildings to Chicago’s First Industrial, signifying the shift in focus towards residential developments.

With the money the company made through the sale, Burman founded a new company: Engel Burman.

Engel Burman

It was a risky move for Jan, bringing in long-time rival and real estate powerhouse Sydney Engel.

Engel, who had a hand in the development of long island since the mid-40s, had a lot to bring to the partnership—but there was also a lot to lose.

Jan’s forward thinking paid off, and Engel Burman spent the next couple of decades building its portfolio to include residential, healthcare, and assisted living properties across the country.

That forward thinking also led to Engel Burman breaking ground on the Bristal chain of assisted living properties—the first of its kind and ahead of its time in the industry.

Bristal Assisted Living—one of Engel Burman’s biggest developments to date—is an in-demand care-focused community rich with amenities and one of the industry leaders in its category.

It has facilities in Westchester County, Manhattan, Long Island, and New Jersey.

Burman also serves on the board of directors of St. Francis Hospital, the Community Development Corp. of Long Island, the Nassau County Police Foundation Advisory Board, and the United Nations Development Corporation.

In 2014, he won the Ernst & Young Entrepreneur award.

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Welcome to the Good Life

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Jan Burman and his wife, Renee, may be used to hard work and philanthropy, but they know how to enjoy the good life, too.

Up until 2021, the couple was the proud owners of Wychwood Estate in Mill Neck, New York.

The sprawling luxury pad features everything you’d expect from a mansion once owned by old school rich lister Cornelius Vanderbilt Whitney.

Jan and Renee snapped it up for a cool $5.5 million in 2007—but spent “almost four times that amount” doing it up over the next 14 years.

The result is a showpiece home on a sprawling 13 acres, with a pool, an elegant blend of modern and classic fixtures, a pool house that could house a large family—and multiple garaging.

One of the most significant remaining properties from the Great Gatsby era, this Gold Coast mansion sold for $27 million in 2021.

Jan and Renee then appeared on the Netflix hit, Million Dollar Beach House, when they went to check out the Taj Mahal of The Hamptons—an insane 20,000 square foot shoreline property with 13 bedrooms, a theater, a bowling alley, a putting green, a wine cellar, and an Olympic-sized swimming pool. The property was on the market for $40 million.

The savvy real estate mogul didn’t buy the property, but it was snapped up by another rich lister in 2021.