Norman Foster Net Worth – $220 million
What is Norman Foster’s net worth? Who is Norman Foster’s wife?
Introduction
Norman Foster is a British architect famous for futuristic designs.
Biography
He was born on June 1, 1935, in Reddish, Stockport, England, United Kingdom, as Norman Robert Foster.
His parents were Robert and Lilian Foster.
He went to Burnage Grammar School for Boys in Burnage.
At age 16, Norman left school to do his national service with the Royal Air Force.
In 1961, Foster graduated from Manchester University School of Architecture. A year later, he earned his master’s degree from the Yale School of Architecture.
In 1963, Foster, alongside Richard Rogers, Wendy Cheesman, and Su Brumwell, founded a British architectural firm, Team 4.
In June 1967, Norman and Richard decided to dissolve Team 4. Later that year, Foster co-founded Foster Associates in London. The architectural design and engineering firm is now known as Foster and Partners.
@Getty
In 1986, Norman completed the Hong Kong & Shanghai Bank.
In 1990, he was knighted by Queen Elizabeth II.
In 1991, Foster was the recipient of the Gold Medal of the French Academy of Architecture.
In 1993, Foster and his firm won an international competition to rebuild the Reichstag, a building in Berlin that is the meeting place of the Bundestag.
In November 1997, Foster received the Order of Merit from Queen Elizabeth II.
In 1999. Foster completed the Reichstag Dome for the new German Parliament. In the same year, he received architecture’s most prestigious award, the Pritzker Architecture Prize.
In 2004, he designed the Millau Viaduct – the highest cable-stayed bridge in the world – with a height of 336.4 meters (1,104 ft). The cost of construction was $424 million.
In 2009, he received the Prince of Asturias Award in the Arts category.
In 2019, Foster appeared in the documentary – ”The Prado Museum: A Collection of Wonders.”
In December 2021, his project, The Pavilion at the University of Pennsylvania, was completed.
Projects
The Gherkin – @Getty
Foster’s buildings and projects include:
- BBC Cymru Wales New Broadcasting House;
- Yacht Club de Monaco;
- Thomas Deacon Academy;
- Valencia Congress Centre;
- The Gherkin;
- the German parliament building the Reichstag in Berlin;
- Shanghai Bank building in Hong Kong;
- Commerzbank Tower in Frankfurt;
- the terminal building at London Stansted Airport;
- the AT&T Performing Arts Center in Dallas;
- Willis Faber and Dumas Headquarters in Ipswich.
Wife
In 1989, Foster’s first wife, Wendy Cheesman, passed away.
In 1991, Foster married Sabiha Rumani Malik. They divorced in 1995.
In 1996, Norman Foster married Elena Ochoa, a former professor of psychopathology.
@Getty
In 2017, she was named Chair of the Serpentine Galleries Council.
Also in 2017, Foster and Ochoa established the Norman Foster Foundation.
In March 2021, the Norman Foster Foundation and The United Nations Economic Commission for Europe signed a Memorandum of Understanding to promote sustainable cities and housing. ”We are delighted and honored to be recognized by the UN as a Centre of Excellence,” Foster said.
Children
With Wendy, Foster has four sons (two are adopted).
Foster also has a daughter, Paola Foster.
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Quotes
”I think you never stop learning.”
”Cities are the future – statistically more so today than ever before.”
”Architecture can communicate memory, but it can also communicate values and a sense of place.”
”There’s snobbery at work in architecture.”
”Architecture is an expression of values.”
Trivia
He’s on the board of trustees at Article 25, a charity organization.
In 1999, Norman discovered he had bowel cancer.
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Apple’s new 175-acre ‘spaceship’ campus, designed by Lord Norman Foster – @Getty
Norman Foster – Net Worth
So, how much is Norman Foster worth? Foster earned most of his wealth from co-founding and managing the architecture and integrated design firm Foster + Partners. Today, the company is a global concern that employs more than 1,000 architects. Therefore, Norman Foster has an estimated net worth of $220 million, making him one of the richest architects in the world.
In 2007, he sold a 40pc stake in the firm for $115 million. In 2014, Foster bought back his firm stake for $148 million, plus a further $55 million interest payment.
”We look forward to continuing to build on our success,” Foster said in a press release. He added: ”Now, as a company that is fully owned by its partners.”
In 2011, Foster bought President Barack Obama’s Martha’s Vineyard Getaway for $22.4 million. Initially, the property was listed at $23.7 million. Foster also bought a 0.3-acre beachfront lot on the island.
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