Shlomo Rechnitz Net Worth – $2.5 billion
What is Shlomo Rechnitz’s net worth? Who is Shlomo Rechnitz’s wife?
Shlomo Rechnitz is an American businessman best known as the owner of Brius Healthcare Services and the founder of TwinMed.
He was born on July 29, 1971, in Los Angeles, California, USA, as Shlomo Yehuda Rechnitz.
His uncle, Robert Rechnitz, is a real estate investor who founded the Bomel Companies, which has a portfolio of capital placement ventures, income properties, and ground-up developments worth about $500 million.
Shlomo attended the Mesivta of Long Beach high school. Later, he went to Israel for college.
READ MORE: What is Jelly Roll’s net worth?
In 1998, Shlomo founded TwinMed with his twin brother Steve. Twin Med is a company that distributes medical supplies, including – ostomy items, over-the-counter drugs, oral feeding devices, incontinence products, gloves, and housekeeping products.
In the same year, Rechnitz founded Remus Eco Systems.
In 2004, he founded Brius Healthcare Company, a quality care provider that currently runs more than 80 facilities in California. The first nursing facility that he bought was Las Flores Convalescent Home, in Gardena, CA.
In 2012, Shlomo and his brother received the UCLA ICON Award for Visionary Leadership in Business and Philanthropy.
In August 2012, he served as the master of ceremonies of the 12th Siyum HaShas event at the MetLife Stadium.
In August 2013, Rechnitz bought Doheny Glatt Kosher Meats from Mike Engelman. A week later, Shlomo sold Doheny Glatt Kosher Meats to the owner of the glatt kosher retailer Western Kosher, David Kagan.
In 2014, Rechnitz released an album called – ”Shir.” All of the revenue from the album go to the Keren Hashviis fund. The album featured numerous artists, including Uzia Tzadok, Avraham Fried, Motty Steinmetz, Benny Friedman, Moishe Mendlowitz, Shira Choir, Yoeli Greenfeld, Levy Falkowitz, Kinderlach, Shloime Daskal, Ohad, Lipa, and Itzik Dadya. He later released two more albums, Shir 2 and Matana Tova.
Also in 2014, 23 nursing homes owned by Shlomo received a total of 50 serious deficiencies graded G. In the follow-up year, the FBI raided Rechnitz’s facility in Riverside, California.
In June 2015, he donated $250,000 to restore the Mount Zion Cemetery in East LA.
In November 2015, he sold Remus Eco Systems to Orkin Pest Services.
In October 2018, Rechnitz founded Avire Aviation, a company that is involved in aircraft leases and sales.
READ MORE: Who is Kirbyjon Caldwell’s wife?
Shlomo Rechnitz is married to Tamar, the daughter of Rabbi Yisroel Belsky, who served as a senior kashrut advisor to the Orthodox Union for almost three decades.
The couple has six children.
”I love the rush of a deal.”
READ MORE: Jerry Savelle Net Worth
He donated $5 million to support the Mir Yeshiva, an Orthodox Jewish yeshiva in Beit Yisrael.
Rechnitz was interviewed in a “Profiles in Philanthropy” special by Larry King.
He sends $10k checks to the families of police officers who are shot while on duty in Southern California. Shlomo also manages the Shlomo & Tamar Rechnitz Charitable Foundation.
READ MORE: Who is Richard Williams’ spouse?
Shlomo Rechnitz – Net Worth
Rechnitz earned most of his wealth from founding TwinMed as well as Brius Healthcare Service.
In 2020 and 2021, Brius received about $54 million from the federal government.
In January 2023, Shlomo and his wife listed a property in Hancock Park, Los Angeles, for $26 million. They bought the house in 2020 for $11.5 million.
Therefore, businessman Shlomo Rechnitz has an estimated net worth of $2.5 billion.