Lynn Schusterman Net Worth and Legacy

Introduction

Lynn Shusterman is an American philanthropist known for her exceptional contributions to charitable and non-profit organizations. Her selfless contributions to the community and establishment of the Schusterman Foundation have earned her a reputation as one of the most influential philanthropists in the world, and a significant net worth.

What is Lynn Schusterman’s Net Worth and Salary?

As of 2021, Lynn Schusterman’s net worth is estimated to be over $3.7 billion. She has made her fortune through her partnerships in companies like Samson Investment Company, a mineral exploration, and development company, which she ran for several years. However, Schusterman’s net worth comprises much more than mere financial prosperity.

Early Life and Education

Lynn Schusterman was born in Tonkawa, Oklahoma, on November 21, 1939, into a middle-class family. Her father owned a department store in the town, and her mother was a homemaker. Schusterman completed her education in Tonkawa and then went on to attend the University of Oklahoma, where she received a Bachelor’s degree in Education. She then pursued a Master’s degree in Social Work from the same university.

Career

Schusterman began her career as a Social Worker specializing in family therapy, where she worked for a short while before marrying her husband, Charles Schusterman, and starting a family. Together, they later became a part of the oil and gas industry, with the founding of the Samson Investment Company in 1971. Lynn Schusterman’s leadership and contributions were integral to the development of the company, leading it to become one of the largest family-owned private oil companies in the United States. She eventually ensured that the Samson Investment Company’s involvement is beyond the oil and gas industry by collaborating in several organizations that advocated social justice and community development.

Personal Life

Schusterman was married to Charles Schusterman, who passed away in 2000, and they had three children together. After Charles’s death, Lynn became the sole trustee and president of the Charles and Lynn Schusterman Family Foundation and further established the Schusterman Foundation. Lynn Shusterman currently lives in Tulsa, Oklahoma.

Real Estate

Lynn Schusterman was reported to have sold her estate overlooking the Pacific Ocean in Montecito, California, in 2011, for approximately $29 million.

Legacy

Throughout her life, Lynn Schusterman made significant contributions to many organizations that worked towards strengthening the community. Following the sale of the Samson Investment Company, she established the Schusterman Foundation, which oversees dozens of organizations and focuses on promoting Jewish leadership, developing the community, and encouraging social justice initiatives worldwide. Schusterman’s legacy is not solely based on the financial influence of her foundation but is based on the numerous organizations that have been established worldwide by the foundation.

Frequently Asked Questions (FAQs)

What is the mission of the Schusterman Family Foundation?

The Schusterman Family Foundation is a charitable organization aimed at promoting Jewish leadership, strengthening communities, and advocating for social justice.

What is the Charles and Lynn Schusterman Family Foundation?

The Charles and Lynn Schusterman Family Foundation is a private foundation rooted in Jewish values. The Foundation invests in and strengthens Jewish leadership, organizations, and communities.

How did Lynn Schusterman’s Social Work background influence her philanthropy?

Schusterman’s background in Social Work provided her with the knowledge to create and support organizations that aim to strengthen the community and advocate for social justice.

What organizations are under the Schusterman Foundation?

The Schusterman Foundation funds and collaborates with over 20 organizations worldwide, some of which include Repair the World, ROI Community, and Mommy & Me.

What is the ROI Community?

The ROI Community is an organization under the Schusterman Foundation with the mission of cultivating and developing young Jewish adults’ leadership skills worldwide.

What is the Mommy and Me Program?

The Mommy and Me Program under the Schusterman Foundation focuses on early childhood development through playgroups for mothers and their children. The program also provides resources to the mothers to support their child’s development at home.

Which organizations did the Schusterman Foundation contribute to during the COVID-19 pandemic?

The Schusterman Foundation contributed to organizations throughout the pandemic, including Americares, JDC, and Bend the Arc.

What are the social justice initiatives supported by the Schusterman Foundation?

The Schusterman Foundation has been instrumental in promoting and supporting initiatives that advocate for social justice. Some of the initiatives include supporting LGBTQ rights, Human Rights, and refugee rights.

What is the Schusterman-Israel Foundation?

The Schusterman-Israel Foundation is one of the sub-organizations under the Schusterman Foundation. It is an investment organization that focuses on developing talent across Israel and promoting Jewish education throughout the country.

How has the Schusterman Foundation influenced the development of Jewish communities worldwide?

The Schusterman Foundation has been instrumental in supporting and promoting the development of Jewish communities by investing in leadership training, innovation, and social justice initiatives, among others.

What is the Jewish Community Response and Impact Fund supported by the Schusterman Foundation?

The Jewish Community Response and Impact Fund is aimed at supporting and elevating the Jewish communities in North America through collaboration and partnership with the local organizations.

What is the relationship between the Schusterman Foundation and the Israeli-based foundation, Birthright?

The Schusterman Foundation has been an active supporter of Birthright, an organization that provides young Jewish adults around the world the opportunity to visit Israel. The Foundation has collaborated with Birthright in numerous initiatives, including funding and leadership development.

What is the Youth Prize for Jewish Service?

The Youth Prize for Jewish Service is a program that rewards and recognizes young adults who have been instrumental in developing and advocating for the Jewish community worldwide. The program is a collaborative initiative between the Schusterman Foundation and Repair the World and supports grassroots initiatives.

What is the partnership between the Schusterman Foundation and the Jim Joseph Foundation?

The Schusterman Foundation and the Jim Joseph Foundation have been working together to develop and enhance leadership skills and mentorship opportunities for young Jewish adults.

What are the plans for the continued investment in emerging Jewish leaders by the Schusterman Foundation?

The Schusterman Foundation plans to continue investing in leadership development and ensuring young Jewish adults have access to innovative programs, mentorship, and resources to support their development.

What is the partnership between the Schusterman Foundation and Suri Foundation?

The Schusterman Foundation has partnered with Suri Foundation to support and strengthen the Israeli community’s social impact through funding and collaborations with local organizations.

Conclusion

Lynn Schusterman’s net worth is an impressive testament to her contributions as an entrepreneur, philanthropist, and humanitarian. Her charitable work and establishments have had an enormous impact on strengthening Jewish communities, promoting social justice, and fostering leadership worldwide. Her legacy has undoubtedly influenced and inspired countless people around the world.