Douglas Jemal net worth
Douglas Jemal Net Worth: Douglas Jemal is an American businessman who has a net worth of $150 million. Douglas Jemal was born in Brooklyn, New York. He built his fortune from a retail trade and a small store on 7th Street NW. Jemal soon expanded into the electronics and music business.
By 1980, he had created one of the most successful electronic retail chains in the country. That same year, he ventured into real estate, purchasing his first parcel of land at 425 7th Street NW in 1981. As president of the Douglas Development Corporation, Doug Jemal is known to nearly everyone in Washington’s multibillion-dollar commercial real estate industry, especially notable for his unprecedented success in preserving historic buildings, At the same time transform the property into a viable and successful retail, office or residential site. Jemal is actively involved in the design, construction and leasing of all of its properties in a personal capacity. In 2014, Douglas Development was in full swing with plans to transform the aging New York Avenue NE industrial estate into an engine of economic development. Doug Jemal is immersed in the attention his projects generate, and his brash, unapologetic style is built on confidence in these feats. Doug Jemal, who turned 71 in 2014, shows no signs of slowing down and currently serves on the Downtown Developers Roundtable, providing expertise and advice on important economic and development issues in Washington, D.C. Douglas Jemal is an active philanthropist and takes pride in giving back to the Washington, DC community. Notable charitable donations in recent years include donations to Children’s Hospital, Columbia Lighthouse for the Blind, Cystic Fibrosis Foundation, Shaw Main Street, Animal Rescue Foundation, Manna Inc. and The Studio Theatre Inc., among others.
