Arthur P. Becker

Last updated
Arthur Becker
Born
Arthur Paul Becker [1]

1949/1950(age 72–73) [2]
NationalityAmerican
Education Bennington College, Tuck School of Business [3]
OccupationBusinessman
Spouse
​
​
(m. 1989;separated 2012)​
Children2

Arthur P. Becker (born 1949/1950) is an American investor and real estate developer. [4] He is best known as the former CEO of NaviSite and Zinio. Becker was married to Vera Wang for 23 years and was an advisor on growing her business into a global brand. [5] [6] He graduated from Bennington College in 1972 and earned his MBA from the Tuck School of Business at Dartmouth College. [3]

Contents

Career

In 1986, Becker started his business career as a stockbroker at Bear Stearns & Co. Inc., [7] later becoming a director at the company. [1] He developed several business ventures including Bnox, a sports binoculars company, and an investment in a macadamia nut farm in Hawaii. [8] [9]

By the early 2000s, Becker began buying technology companies through ClearBlue Technologies and its parent investment fund, Atlantic Investors. In 2002, Becker purchased a controlling stake in NaviSite, a web hosting company. [10] He was the company's chief executive officer until 2010 after which NaviSite was sold to Time Warner Cable for $230 million. [8] [11] In 2012, Becker joined the digital magazine newsstand platform Zinio as the company's chairman and chief executive officer until moving into the real estate business. [8]

Becker purchased 465 Washington Street in Tribeca and invested in 10 Sullivan Street Soho, New York in 2012. By 2016, he had acquired 30, 40 and 50 Sullivan Street as well as 111 West 57th Street with JDS Development Group and Property Markets Group, and other real estate development projects in New York and Miami. [12] By March 2017, Becker announced a redesign of the eight-unit apartment building on 465 Washington Street in Tribeca. [13]

Personal life

In 1989, Becker married Vera Wang in an interfaith Baptist and Jewish ceremony. [3] They resided in Manhattan with their two adopted daughters: [14] Cecilia (born 1990) and Josephine (born 1993). [15] In July 2012, Vera Wang Co. announced that the couple had separated. The separation was amicable. [16]

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References

  1. 1 2 Todd, Anne M. (2007). Vera Wang. Infobase Publishing. ISBN   9781438100388.
  2. ↑ "Executive Profile: Arthur P. Becker". Bloomberg LP. Retrieved 9 September 2018.
  3. 1 2 3 New York Times: "Vera Wang Wed To Arthur Becker" June 23, 1989
  4. ↑ "Who are real estate's quiet money backers?". The Real Deal New York. Retrieved 2017-07-11.
  5. ↑ "Vera Wang and Arthur Becker File for Separation--What Does This Mean for the Future of the Vera Wang Label?". Fashionista. Retrieved 2017-07-11.
  6. ↑ "Vera Wang's wealthy ex nabs $30K a month Union Sq. rental". NY Daily News. Retrieved 2017-07-11.
  7. ↑ Feitelberg, Rosemary (2012-07-11). "Vera Wang and Arthur Becker Separate". WWD. Retrieved 2017-07-11.
  8. 1 2 3 "At the desk of: Arthur Becker". The Real Deal New York. Retrieved 2017-07-11.
  9. ↑ "Taking the Long View". New York Magazine. 29 (28). 22 July 1996.
  10. ↑ Denise Magnell (7 May 2007). "Arthur Becker: Assembly required". Boston Business Journal. Retrieved 4 June 2017.
  11. ↑ Morgan, Timothy Prickett. "Time Warner Cable bags NaviSite for $230m". The Register . Retrieved 2017-07-11.
  12. ↑ Walker, Ameena (2016-08-30). "10 Sullivan investor trades project stake for 3 of its townhouses". Curbed NY. Retrieved 2017-07-11.
  13. ↑ E.B. Solomont (28 March 2017). "The condos beckon: Arthur Becker going it alone on Tribeca boutique project". The Real Deal. Retrieved 4 June 2017.
  14. ↑ "Vera Wang's Second Honeymoon". NYMag.com. Retrieved 2017-07-11.
  15. ↑ "Vera Wang & Arthur Becker – Vol. 43 No. 6". PEOPLE.com. 1995-02-13. Retrieved 2017-07-11.
  16. ↑ "Vera Wang, Arthur Becker Separate After 23 Years Of Marriage". Huffington Post. July 11, 2012. Retrieved July 11, 2012.
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