Howard Rich

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Howard Rich
Basic facts
Organization:U.S. Term Limits
Role:Co-founder and chairman

Howard "Howie" Rich is a real estate investor and the co-founder and chairman of U.S. Term Limits. He served as the chairman of several boards of directors, including Americans for Limited Government, as well as Legislative Education Action Drive and The Parents in Charge Foundation.[1]

Biography

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Howard Rich grew up in Brooklyn, New York, where he attended George W. Wingate High School. His senior year of high school he earned the New York State Regents scholarship. After graduation, he went to the Baruch College, a local New York City college, where he earned a bachelor's degree in economics. He then studied investments at New York University Graduate School of Business.

Rich's professional career began with a Manhattan residential real estate developer. In 1970, he bought his first multi-resident building. By 1986, he had accumulated 17 buildings and had them modernized. That same year, he sold all but two properties of his portfolio. After the 1987 stock market crash, he sold one of the remaining two, and in 1989, he exchanged his remaining property for one in Houston. In the 1990s, Rich began purchasing Manhattan properties again. In recent years, he has exchanged his Manhattan properties for garden apartment developments in a number of states.[2]

Politics

In 1992, Rich co-founded with Eric O’Keefe, U.S. Term Limits. The organization works to establish and defend term limits at all levels of government. Their main objective is to term-limit each state’s congressmen and senators. According to an email correspondence with Rich, "Through their efforts, 23 states had voted to term limit their legislators. With just under half of Congress term limited, an Amendment term limiting Congress was inevitable. However, in the 1995 Supreme Court case U.S. Term Limits v. Thornton, the Court decided 5-4 that citizens could not vote to term limit their legislators. All 23 states’ term limits were thrown out that day. This changed U.S. Term Limits’ path but not the target. They continue to move toward this goal by other means while simultaneously maintaining a lead presence in state and local movements."[2]

Rich has also funded scholarships through the Student Sponsor Partnership and was given the Herman W. Lay Memorial Award in 2000.[2]

Rich also serves on the boards of the Cato Institute, the Club for Growth, and the Center for Independent Thought.[2]

Personal

Rich lives in Philadelphia, Pennsylvania. He was married for 42 years to his late wife, Andrea, and he is the father of two grown sons.[2]

External links










Footnotes

  1. ↑ NOW (PBS) (September 22, 2006). "Taking the initiative". Public Broadcasting Service. http://www.pbs.org/now/shows/238/index.html. 
  2. ↑ 2.0 2.1 2.2 2.3 2.4 Ballotpedia staff, "Bio submission from Howard Rich," January 28, 2019
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