Ira Rennert

Ira Leon Rennert is an American investor and businessman.

• Ira Rennert is the founder of the Renco Group, an industrial empire with estimated annual revenues of $5 billion.
• Renco’s holdings include a stake in military truckmaker AM General, lead and zinc producer Doe Run Company and U.S. Magnesium Corp., among others.
• His mother emigrated to the U.S. from Poland at age 3 and his father came from Romania at age 14.
• A Brooklyn native and former credit analyst, he began building his fortune by investing in junk bonds in the 1980s.
• In 2015 a court ruled that Rennert was liable for improperly diverting money from his business to pay for a lavish home in Southampton, New York.