Bart Blatstein Net Worth 2026: Showboat Owner, Tower Investments

No reputable publication has estimated Bart Blatstein's net worth, and the $32.3 million figure that appeared here before had no source, so it has been removed. Blatstein is the CEO of Tower Investments, a Philadelphia real estate developer who has worked in property for about 48 years by his own count. He built the Piazza at Schmidt's in Northern Liberties, and since 2016 has owned the Showboat, a former Atlantic City casino he turned into a non-gaming resort with a large indoor water park. In 2026 a lender sued to foreclose on part of the Showboat over $13.6 million of debt, NJ.com reported.

What is Bart Blatstein's net worth?

Blatstein's holdings are private, and much of his real estate carries large loans. No outlet has published the value of his portfolio or his equity in it. Big property deals show he controls valuable assets, but the debt behind them, including the Showboat loan now in default according to the lender, means the gross value of his buildings says little about his net worth. The earlier version of this page also listed a $900,000 annual income, which had no source and has been removed.

Philadelphia career

At a 2013 casino hearing, Blatstein described how he gave up early plans to become a doctor and started by rehabbing a row house in Queen Village, then moved on to larger projects, WHYY reported. His best-known Philadelphia development is the Piazza at Schmidt's, a mixed-use complex of apartments, bars and restaurants on the site of the old Schmidt's brewery in Northern Liberties.

• 2013 Piazza sale: Blatstein sold his controlling interest in the Piazza and the adjacent Liberties Walk to a group made up of Kushner Companies and Oaktree Capital Management. The price was not disclosed; Grub Street, citing the Philadelphia Inquirer, said estimates put the properties' value around $130 million. That is the value of the buildings, not his share of the proceeds.
• The Provence casino bid: In 2013 his Tower Entertainment applied for Philadelphia's second casino license with The Provence, a proposed entertainment complex at the former Inquirer building on North Broad Street, with a 125-room hotel, rooftop village and private swim club. He told the gaming board he was putting some of his own money into it.

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Showboat Atlantic City

The Showboat opened as a casino hotel in 1987 and closed in August 2014 during a downturn in Atlantic City. Stockton University bought it that year for $18 million to use as a campus, but legal problems forced a sale, and Blatstein bought it in January 2016 for $23 million, Downbeach Buzz reported. He reopened it in July 2016 without a casino, calling it the largest non-casino hotel in New Jersey.

Since then he has added:

• Island Waterpark: An indoor water park of about 120,000 square feet with 11 slides and a lazy river, opened in 2023. In January 2026 it closed a $45.5 million loan, the first under New Jersey's C-PACE clean-energy financing program; Blatstein said it was probably the easiest loan of that size in his 48 years in business.
• Arcade and go-karts: The Lucky Snake arcade and an indoor go-kart track that opened in 2022.
• Garden Pier and Boardwalk: He bought the century-old Garden Pier in 2016. In 2026 he was turning its back half into a beach club with turf, cabanas and free general access, and he paid to widen the Boardwalk in front of the Showboat by 16 feet, NBC10 Philadelphia reported.
• Events center: In September 2026 the Press of Atlantic City reported he had applied to put a temporary 2,000-person events center in a Showboat parking lot for the off-season.

Recent changes: the 2026 foreclosure suit

According to NJ.com, Computershare Trust Company sued in Atlantic County Superior Court in June 2026, alleging that Blatstein's company owes $13.6 million remaining on a $48.5 million loan that Barclays made in 2022, and that no payments had been made since April 2025. The trust asked for at least part of the property to be sold at a sheriff's sale. The suit also mentions claims by contractors for unpaid work. An earlier contractor suit over $1.7 million for water park work was closed in 2025 after the debt was paid. Blatstein did not respond to NJ.com's request for comment, and the case had not been decided at the time of reporting.

Personal life

Blatstein was 71 in August 2026, when he won a bout at the Pat Johnson New Jersey Masters Boxing Championship held at the Showboat, according to WPG Talk Radio. The station said he is a two-time masters champion at 165 pounds, trains with Gleason's Gym, and used the event to raise money for a New Jersey children's charity. The old page's age of 42, height and weight were wrong or unsourced and have been removed. It also named a wife and said he studied real estate at Temple University; we could not confirm either and have left them out.

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Why there is no reliable estimate

Developers like Blatstein often own properties through separate companies, each with its own loans, and they rarely disclose their equity. His record includes a large sale in Philadelphia and major investments in Atlantic City, but also a lender alleging default. Without his balance sheet, any net worth number would be a guess.