Bruce E. Toll

Bruce E. Toll (born April 29, 1943) is an American businessman who co-founded the homebuilder company Toll Brothers.

Early life and education Toll was born to a Jewish family and grew up in Elkins Park, Pennsylvania. and Albert Toll. His father, who emigrated from Ukraine, was a millionaire investor who lost everything in the Wall Street crash of 1929. In 1965, Toll graduated with a B.A. from the University of Miami.

Career In 1967, Toll and his brother Robert I. Toll founded Toll Brothers with a focus on building luxury homes They grew the business using a conservative financial model always including a 10 percent expense cushion in all their project cost estimates, never assumed price appreciation during construction, and always used conservative sales estimates. In November 2013, Toll Brothers purchased Shapell Homes (founded by Nathan Shapell) for $1.6 billion. As of 2013, Toll Brothers has sold over 40,000 homes in twenty-two states.

Using the proceeds from his stock sale, he has diversified his investments. Toll is principal of real estate investor and developer, BET Investments, Robbi is an interior designer and serves as secretary of the board of the National Museum of American Jewish History. they divorced in 2010.

In 2010, Toll filed an unsuccessful lawsuit against Leonard M. Tannenbaum, his former son-in-law and founder and chief executive officer of Fifth Street Asset Management, alleging that Tannenbaum had promised and failed to pay his daughter Elizabeth half the profits from the management of Fifth Street's latest fund.