Dennis Leebow Net Worth: Majestic Steel USA Founder (1950-2023)

No reputable outlet ever published an estimate of Dennis Leebow's net worth. The earlier version of this page gave $23.5 million and a $1 million yearly income, both without a source. It also described him as a mining executive, which he was not, and did not mention that he died on July 12, 2023, according to his obituary in the Cleveland Jewish News. Dennis H. Leebow founded Majestic Steel USA in Cleveland in 1979, built it into a large family-owned distributor and processor of flat-rolled steel, and handed day-to-day control to his sons from 2007.

What was Dennis Leebow's net worth?

There is no published net worth figure for Leebow from Forbes, Bloomberg or any business outlet. Majestic Steel USA is privately held by the family and does not report revenue or profit.

Some of the family's assets were reported by the press. In October 2015, Majestic Steel Properties, a real estate company headed by Dennis Leebow, bought two full-floor condos at the GLASS tower in Miami Beach for $7.3 million and $7.9 million, The Real Deal reported. In 2017 the family listed the 12th-floor unit for $12.9 million, according to a follow-up report. The same report said brokerage Brown Harris Stevens had sued Majestic Steel Properties earlier that year, alleging it kept a $1.2 million deposit from a failed sale of one unit without paying a $540,000 commission; the article did not report an outcome. The Real Deal also cited a 2005 Wall Street Journal story about palm trees he imported from Florida for his Ohio mansion. Those purchases show considerable wealth, but they are not enough to put a reliable number on it.

Dennis Leebow's yearly earnings and salary

His income was never published. The claim that "an investigation" put it at $1 million a year had no source and has been removed. As founder and owner of a private company, his earnings came from the business and its real estate, and those figures are not public.

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What was Dennis Leebow's profession?

Leebow was a steel distributor, not a mining executive. Majestic Steel USA buys prime carbon flat-rolled steel from mills and processes and distributes it to manufacturers, according to The Fabricator. The Real Deal, citing Crain's Cleveland Business, reported that the company typically holds more than 200 million pounds of steel in stock.

Career timeline

• 1950: born on December 18 in East Rockaway, New York; grows up in West Orange, New Jersey.
• Early career: after graduating from Ohio State University, works as a salesman at his grandfather's company, Baldwin Steel.
• 1979: moves his family from New Jersey to Cleveland and founds Majestic Steel USA, aiming at buyers looking for new suppliers after the steel shortages of the 1970s.
• 1991: Majestic Steel Properties is incorporated to hold real estate, with Leebow at its head.
• 2007: begins to step back so that his sons Todd and Jonathan can take over. Todd later becomes president and CEO.
• 2015-2017: the family's property company buys and later lists Miami Beach condos.
• 2023: dies on July 12. The company remains family-owned.

Majestic Steel after Dennis Leebow

His son Todd Leebow runs Majestic Steel as president and CEO. In 2021 the Cleveland Business Journal reported on his ambitions for Cleveland as a center of industrial innovation, and the company has since announced a new service center and an acquisition. Todd co-founded Felux, a digital marketplace for the metals industry. Another son, Matthew, led the family's acquisition and development arm, per The Real Deal.

Early life and family

Leebow was the son of Albert and Joan Leebow. His obituary lists four sons, Jonathan, Eric, Matthew and Todd, nine grandchildren, and two brothers. It also names his first wife, Barbara, and a daughter, Joni. He spent his last years in Miami Beach and was a devoted fan of the Cavaliers, Guardians, Browns and Ohio State Buckeyes.

Dennis Leebow wife

His obituary names Barbara Kupps as his first wife. No reliable source names a spouse at the time of his death, so this page does not.

Where did Dennis Leebow go to school?

He was a graduate of Ohio State University, according to his obituary and The Fabricator. The old page said he studied entrepreneurship at the University of Miami; no source supports that, and it has been removed along with the unsourced height figure.

How old was Dennis Leebow?

Born December 18, 1950, he was 72 when he died in July 2023.

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Why there is no reliable figure

Majestic Steel is private and has been owned and run by the family for decades, and the split of ownership between Leebow and his sons was never reported. Apart from the Miami condo purchases, his assets were not documented. For those reasons this page does not give a net worth figure.