Ernest Rady is the founder, president, CEO and chairman of American Assets Inc.
Rady founded the publicly-traded real estate investment trust (REIT) in 1967 and has grown it to a $2.8 billion company. He led American Assets through its 2011 IPO, and has served as its chairman, president, and CEO since 2015. From 2011 to 2015 he was the executive chairman of the board of directors.
With over 50 years of experience in real estate management and development, Rady has been at the helm of 12 different companies throughout his career. That includes founding Insurance Company of the West in 1972, which became a high growth property and casualty carrier (now known as ICW Group Holdings). Additionally, Rady also founded and served as chairman and CEO of Westcorp, a publicly-traded financial services company that sold to Wachovia Corporation in 2006.
Canadian born and educated, Rady has been affiliated with a number of Canadian companies in addition to the U.S. companies he founded and led. His past roles include principal for the San Diego Padres Baseball Club, principal of Summit Resources LLC, director of Washovia Corp, principal of Smith Energy Services Inc, chairman of Wells Fargo Dealer Services Inc, chairman and CEO of Western Financial Bank and chairman and treasurer of Rady Children’s Hospital and Health Center of San Diego.
Rady is also known for his philanthropy in the San Diego community. In 2014, he was named the San Diego Person of the Year by U-T San Diego because of his philanthropic work in the city, including a gift from his family of $120 million to the Rady Children’s Hospital. The gift was used to establish the Rady Pediatric and Genomics and Systems Medicine Institute.
Other beneficiaries of Rady’s generosity include the UCSD Rady School of Management, the Salvation Army, and the Rady Faculty of Health Sciences at the University of Manitoba. His other volunteer efforts have included serving as the chairman of the Dean’s Advisory Council of the Rady School of Management at UC San Diego, as a trustee of the Salk Institute for Biological Science and active roles in the Chief Executives Organization and YPO Gold.
Rady received both his undergraduate and graduate degrees from the University of Manitoba, as well as an honorary degree of doctor of laws.
What is Ernest S. Rady's net worth?
The estimated net worth of Ernest S. Rady is at least $2.59 million as of March 4th, 2016. Mr. Rady owns 68,175 shares of American Assets Trust stock worth more than $2,591,332 as of September 18th. This net worth approximation does not reflect any other investments that Mr. Rady may own. Learn More.
What is Ernest S. Rady's salary?
As the CEO of American Assets Trust, Inc., Mr. Rady earned a total compensation package of $4,433,798.00 in 2020. Mr. Rady earned a salary of $600,000.00, a bonus of $840,000.00, stock awards of $2,845,667.00, and other compensation of $148,131.00.
How do I contact Ernest S. Rady?
The corporate mailing address for Mr. Rady and other American Assets Trust executives is 11455 EL CAMINO REAL SUITE 200, SAN DIEGO CA, 92130. American Assets Trust can also be reached via phone at (858) 350-2600.
Has Ernest S. Rady been buying or selling shares of American Assets Trust?
During the last ninety days, Ernest S. Rady has bought $2,722,898.00 of American Assets Trust stock. Most recently, on Tuesday, September 14th, Ernest S. Rady bought 4,210 shares of American Assets Trust stock. The stock was acquired at an average cost of $38.99 per share, with a total value of $164,147.90.
Are insiders buying or selling shares of American Assets Trust?
In the last twelve months, American Assets Trust insiders bought shares 25 times. They purchased a total of 598,445 shares worth mmore than $16,679,527.72. In the last twelve months, insiders at the real estate investment trust sold shares 1 times. They sold a total of 8,500 shares worth mmore than $256,700.00. The most recent insider tranaction occured on September, 14th when Ernest S Rady CEO bought 4,210 shares worth more than $164,147.90. Insiders at American Assets Trust own 33.7 % of the company.
Information on this page was last updated on 9/14/2021.