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 $120.53 million as of March 9th, 2023. Mr. Rady owns 7,077,628 shares of American Assets Trust stock worth more than $120,532,005 as of March 23rd. This net worth approximation does not reflect any other investments that Mr. Rady may own. Learn More about Ernest S. Rady's net worth.
What is Ernest S. Rady's salary?
As the CEO of American Assets Trust, Inc., Mr. Rady earned a total compensation package of $5,061,774.00 in 2021. Mr. Rady earned a salary of $612,000.00, a bonus of $1,000,000.00, stock awards of $3,232,619.00, and other compensation of $217,155.00. Learn More on Ernest S. Rady's salary.
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. Learn More on Ernest S. Rady's contact information.
Has Ernest S. Rady been buying or selling shares of American Assets Trust?
During the last ninety days, Ernest S. Rady has bought $879,200.00 in shares of American Assets Trust stock. Most recently, on Thursday, March 9th, Ernest S. Rady bought 40,000 shares of American Assets Trust stock. The stock was acquired at an average cost of $21.98 per share, with a total value of $879,200.00. Following the completion of the transaction, the chief executive officer now directly owns 7,077,628 shares of the company's stock, valued at $155,566,263.44. Learn More on Ernest S. Rady's trading history.
Are insiders buying or selling shares of American Assets Trust?
In the last twelve months, American Assets Trust insiders bought shares 31 times. They purchased a total of 470,206 shares worth more than $13,557,008.09. The most recent insider tranaction occured on March, 9th when CEO Ernest S Rady bought 40,000 shares worth more than $879,200.00. Insiders at American Assets Trust own 34.4% of the company.
Learn More about insider trades at American Assets Trust. Information on this page was last updated on 3/9/2023.
