googletag.cmd.push(function() { googletag.display('div-1'); }); googletag.cmd.push(function() { googletag.display('div-3'); }); Retail powerhouse Roslyn Jaffe remembers her childhood of modest means and her struggles as a working mom. He bought himself a second-hand Porsche. The estimated Net Worth of Carrie W. Teffner is at least $924 Thousand dollars as of 20 September 2019. Check Reputation Score for Roslyn Jaffe in Broomall, PA - View Criminal & Court Records | Photos | Address, Emails & Phone Number | Personal Review | $250K+ Income & Net Worth The estimated Net Worth of David R Jaffe is at least $18.3 Milión dollars as of 16 September 2016. We have a two-day seminar with the winners, and we have speakers. The estimated Net Worth of Elliot S Jaffe is at least $653 Tausend dollars as of 23 September 2016. David Jaffe owns over 31,396 units of Ascena Retail stock worth over $7,086,871 and over the last 10 years David sold ASNA stock worth over $11,228,216. We wanted to find people who needed help with their giving, who didn’t have the sophistication or the connections to expand what they were doing. The Jaffes' first story opened in Stamford, Conn., in 1962. Those are the two areas that he’s interested in. The estimated Net Worth of Elise Jaffe is at least $6.06 Milión dollars as of 7 December 2012. The estimated Net Worth of David R Jaffe is at least $18.3 Milione dollars as of 16 September 2016. Sister Elise, 9.9 million shares, and brother Richard, 8.6 million shares, had their fortunes jump by $29 million and $17 million, respectively. Since they couldn’t be without Elliot’s steady paycheck, it was Roslyn, then a stay-at-home mom, who opened the shop: Dressbarn, a clothing store for the working women she understood so well, in Stamford, Conn. Today, Dressbarn is part of a family of seven brands under the umbrella group Ascena Retail that includes Justice, Ann Taylor, Loft and Lane Bryant. It was something that I grew up with. About 2,000 groups a year compete for the grants. The estimated Net Worth of David R Jaffe is at least $18.3 Milion dollars as of 16 September 2016. In 1951, Roslyn Solomon was in the management training program at Gimbels. All Rights Reserved, This is a BETA experience. Roslyn's reported annual income is about $100 - 149,999; with a net worth that tops Greater than $499,999. And so we started getting involved with the community through little things like that. Elise Jaffe owns over 160,000 units of Ascena Retail stock worth over $6,058,510 and over the last 10 years Elise sold ASNA stock worth over $0. The estimated Net Worth of Elliot S Jaffe is at least $653 mil dollars as of 23 September 2016. Elise Jaffe owns over 160,000 units of Ascena Retail stock worth over $6,058,510 and over the last 9 years Elise sold ASNA stock worth over $0. We thought, OK, let’s jump into this. Elise Jaffe ASNA stock SEC Form 4 insiders trading. Right now the foundation is Elliot and myself and our three children. GirlTrek—a three-year-old national nonprofit that empowers young African American women through daily walking—is the most sophisticated of all the winners we’ve had. FREE Background Report. The group brings in $7.2 billion in annual revenue and operates 4,900 stores with 70,000 employees. Elise Jaffe owns over 160,000 units of Ascena Retail stock worth over $6,058,510 and over the last 10 years Elise sold ASNA stock worth over $0. The estimated Net Worth of David R Jaffe is at least $18.3 Millón dollars as of 16 September 2016. No. The first Dressbarn opened in February 1962 in Stamford, Connecticut, by Roslyn Jaffe. I wasn’t looking for a big PR thing. In addition, she makes $890,080 as Interim Executive Chairman of the Board at Ascena Retail. Check Reputation Score for Roslyn Jaffe in Pikesville, MD - View Criminal & Court Records | Photos | Address, Email & Phone Number | Personal Review | $60 - $69,999 Income & Net Worth Their three children -- David, Elise and Richard -- are the largest individual shareholders of the company now with 29 million shares worth nearly $600 million between them. Published on March 16, 2017. “We believe in helping those who need help,” says Jaffe. We were residents of Stamford, and our store was off the main street, this tiny little store. So I said, “Stay at your job, and I will work it out in some way.” David was in nursery school, Richard in kindergarten and Elise in second grade, and we scheduled our lives around that. The company has been on a buying binge this year, announcing acquisitions of more than 60 stations around the country; it boasts ownership, programming or sales services for more than 160 stations in 77 markets. She received an undergraduate degree from Simmons University. American video game designer, David Jaffe, has an estimated net worth of $4.75 million. No, Elliot does that. The $100,000 award has helped a lot. Roslyn Jaffe at the Ascena offices in Mahwah, New Jersey. The foundation’s centerpiece is the Roslyn S. Jaffe Awards, which works with the Ascena Foundation to honor those “who are making the world a better place for women and children, specifically in the areas of health, education, social reform and esteem.” The grand prize winner receives $100,000, and two runners-up each receive $25,000. I’m a graduate of the University of Wisconsin and the Columbia University Graduate School of Journalism, and I’ve worked at an assortment of news outlets, including the Associated Press, Milwaukee Journal Sentinel and Wisconsin Center for Investigative Journalism. Sportswear was very small and just coming into the professional world. We have been very fortunate, and therefore we have to give back. The estimated Net Worth of Elliot S Jaffe is at least $653 Tisíc dollars as of 23 September 2016. Revenues jumped $300 million to more than $1 billion from 2011 to 2012, with net profit nearly doubling. The estimated Net Worth of David R Jaffe is at least $18.3 million dollars as of 16 September 2016. Jaffe spoke to Worth about being a pioneering female executive, helping women in need and building a legacy for her children and grandchildren. He had noticed that many wholesalers of hard goods, such as televisions and appliances, were successfully opening discount stores and thought a discount concept for apparel could do just as well. Read Full Summary. Each week at Forbes we scan our database of corporate insiders to see who got richer from the action in the stock market. Elliot and Roslyn Jaffe have also done well by keeping it in the family. Elliot Jaffe owns over 3,333 units of Ascena Retail stock worth over $652,611 and over the last 9 years Elliot sold ASNA stock worth over $0. For the 2013-14 season, Jaffe relocated to Boston and is slated to work at least 50 Bruins games for the network. And one of the people we hired part-time was a woman who was a volunteer at a rummage sale kind of place where they raised money for hospitals by selling discounts and things that they were able to get from the stores. Roslyn S. Jaffe founded Ascena Retail Group, Inc. Ms. Jaffe is on the board of Ascena Retail Group, Inc. and Founding Member at The Jaffe Family Foundation. Azim Premji lost the most on Friday as his tech firm Wipro fell by 3.2% -- cutting the Indian billionaire’s fortune by $544 million and dropping his net worth below $17 billion. The estimated Net Worth of Elise Jaffe is at least $6.06 Million dollars as of 7 December 2012. What made you decide to focus on education and children’s issues? Which billionaires had the biggest one-day swings of fortune to close the week? An indispensable guide to finance, investing and entrepreneurship. Eventually, I would like all the grandchildren to be involved as well. They founded the women’s clothing store dressbarn in 1962, which under the name Ascena Retail Group has ballooned to a specialty retailer for women and tweens with $4.7 billion in annual revenues from 3,800 North American stores, including chains of maurices, Justice, Catherines and Lane Bryant. Elise has made over 1 trades of the Ascena Retail stock since 2012, according to the Form 4 filled with the SEC. 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The runners-up were Volunteen Nation, which connects teens with service projects and community-building organizations, and Polished Pebbles, which works with low-income girls in Chicago to teach effective communication and interpersonal skills. From lords of finance and casino magnates to proprietors of the fast-food chicken sandwich and the no-whip, non-fat, venti caramel machiatto, I’m keeping tabs on these movers and shakers and what they do with their fortunes. Check Reputation Score for Michael Jaffe in Roslyn, NY - View Criminal & Court Records | Photos | Address, Emails & Phone Number | Personal Review | $200 - $249,999 Income & Net Worth Sinclair stock is up 165% on the year. Nike, Inc. stock surged nearly 5%, giving Knight, its founder and chairman worth nearly $18 billion, a $572 million bump. Summary: Roslyn Jaffe's birthday is 03/03/1929 and is 91 years old. We have a statement that we just have in our heads, that we want to help in many ways.”. Jaffe saw the opportunity to provide wear-to-work dresses and clothing for the working woman during a time when women were entering the workforce in greater numbers. At the time women mainly wore dresses. More than four decades later, Sinclair Broadcasting Group Inc. is the largest owner of TV stations in the U.S. and reaches nearly 40% of the country through an array of network affiliates. It has more than 400 neighborhood volunteers who serve as role models, street organizers and leaders that promote public health. The largest trade Elise's ever made was exercising 160,000 units of Ascena Retail stock on 7 December 2012 worth over $540,800. The estimated Net Worth of David R Jaffe is at least $18.3 Million dollars as of 16 September 2016. Overall, it lost 1.8% since last week Friday. That was a really very big treat. We started very early with the company. And so we started getting involved with the community through little things like that. These people are starting small philanthropies, and we wanted to help them. So they are really doing well. Politicians are often an easy target, but with a government shutdown looming next week and Congress about as close to agreeing on a budget as Bill Ackman is to agreeing with Carl Icahn and George Soros about Herbalife Ltd., lawmakers warrant some blame. A: At the time that we started the company our three children were 3, 5 and 7. The big retailers on the street didn’t like us because we were discounters and that was a dirty word at the time. Billy Jeffrey‘s source of wealth comes from being a bodybuilder. Elliot Jaffe owns over 3,333 units of Ascena Retail stock worth over $652,611 and over the last 10 years Elliot sold ASNA stock worth over $0. We worked it out. It won in 2016, and we’ve had people who wanted to connect with them right away. “We didn’t sit down and create a philosophical statement. That was my life. The big organizations can do big fundraisers. But we dreamed that it would become what it is today. Elliot Jaffe was a buyer at Macy’s. She told us about her volunteer work, and immediately whenever we had some damaged goods or something, whatever, she took it and sold it for the hospital. And the license plate on it was ESJ10, which was his goal for the number of stores we would have. Each of our children has different interests, but they all center on health, education and children. The estimated Net Worth of Elliot S Jaffe is at least $653 Tisíc dollars as of 23 September 2016. We would buy merchandise and discount it. Elliot [whose initials are ESJ] tells a story of when we first started having some success. The social network is up 92% on the year and is changing hands at more than $51 per share. Elliot Jaffe owns over 3,333 units of Ascena Retail stock worth over $652,611 and over the last 10 years Elliot sold ASNA stock worth over $0. So they meet one another and are able to support and give advice to one another. Our 2015 grand prize winner was All Our Kin, which trains and supports community childcare providers in four Connecticut towns. They’ve also passed along something they consider just as important: the spirit of giving. FREE Background Report. We had energy and drive. A marriage and three children later, even their common interest in retail came together. The estimated Net Worth of Elliot S Jaffe is at least $653 millier dollars as of 23 September 2016. [Laughs.] There was a point where we went to a specialist at Columbia Presbyterian and could not afford his fee. Ascena has a philanthropic arm, Ascena Cares, which benefits even more organizations with a focus on aiding women and children, such as Dress for Success, the Police Athletic League and the American Cancer Society. It was like the way we started our small company. It appears the impasse is sapping energy from the markets, which otherwise are still experiencing a stellar year to date (S&P up nearly 20%). 8 Thoughtful Mother’s Day Gifts That Will Leave an Impression on Any Mom, How DeFi Is Minting the Next Class of Millionaires, Revenge Travel: The Post-Pandemic Trend That’s About to Explode, Chopped’s Maneet Chauhan on the Transition From Chef to Entrepreneur. Photo by Jeremy Bales. That jump came thanks in part to the announcement of a $90 million purchase of eight stations in Pennsylvania and Florida. David Jaffe owns over 31,396 units of Ascena Retail stock worth over $7,086,871 and over the last 10 years David sold ASNA stock worth over $11,228,216. The Jaffes also fund the Elliot and Roslyn Jaffe Food Allergy Institute at the Icahn School of Medicine at Mount Sinai in New York. The estimated Net Worth of Elliot S Jaffe is at least 653 千$ dollars as of 23 September 2016. We didn’t sit down and create a philosophical statement. For more information, contact: Sue Ross, Ascena corporate affairs, sue.ross@ascenaretail.com, 212.491.2110, ascenaretail.com; ascenacares.com. He gives to Lincoln Center and the Guggenheim. You can now send me sensitive documents anonymously and securely at Safesource.forbes.com, © 2021 Forbes Media LLC. Elliot Jaffe owns over 3,333 units of Ascena Retail stock worth over $652,611 and over the last 10 years Elliot sold ASNA stock worth over $0. She received an undergraduate degree from Simmons University. The estimated Net Worth of Elise Jaffe is at least $6.06 Millón dollars as of 7 December 2012. So I was always very conscious of children and their needs, because I lived through some of it. He couldn’t just drop his job and have no income. Retail powerhouse Roslyn Jaffe remembers her childhood of modest means and her struggles as a working mom. Friday’s big winners were Phil Knight and Mark Zuckerberg. The company began trading on NASDAQ (symbol DBRN) in 1982. Ms. Teffner owns over 21,118 units of Ascena Retail stock worth over $33,836 and over the last 6 years she sold ASNA stock worth over $0. I’m a reporter on Forbes’ wealth team, where I cover titans of industry from a variety of backgrounds. We had little or no money, but in the house we had a box where you put money for charity (tzedakah in Hebrew), and my parents contributed in the community where we lived. Elliot was commuting to Macy’s every day. Elise Jaffe owns over 160,000 units of Ascena Retail stock worth over $6,058,510 and over the last 10 years Elise sold ASNA stock worth over $0. These are the new people who can’t do that, and it was appealing to us that we could help people who were not as sophisticated, who needed a little push up. Facebook’s revival continues to push Zuckerberg closer to a net worth of $25 billion; a nearly 2% gain on Friday netted him another $397 million. Who to blame? With the government’s spending authority expiring Oct. 1, expect choppy waters until a resolution is reached. I have no great desire to have my name in lights, but he includes me as part of the contribution that he makes. In the early days of their company, Elliot and Rosyln Jaffe used their station wagon to pick up and deliver merchandise to the stores. Others were discounting hard goods, radios, TVs, refrigerators, and our idea was to discount clothing. Worth Giving: Roslyn Jaffe’s Fight for Women. The other three, who each sit on the board of directors, were up a combined $70 million. Despite the rancor in Washington, some investors have still minted impressive fortunes. Roslyn S. Jaffe founded Ascena Retail Group, Inc. Ms. Jaffe is on the board of Ascena Retail Group, Inc. and Founding Member at The Jaffe Family Foundation. Wallmine is a radically better financial terminal. Although the stores were legendary rivals, the pair became anything but. The bump added $32 million to the net worth of David Smith, the CEO and largest shareholder of the four brothers with a $268 million stake in SBGI on more than 8 million shares. FREE Background Report. Elise Jaffe owns over 160,000 units of Ascena Retail stock worth over 6,058,510$ and over the last 9 years Elise sold ASNA stock worth over 0$. The estimated Net Worth of Elise Jaffe is at least $6.06 million dollars as of 7 December 2012. Here, a sampling of the few insiders -- this week comprised of two different sets of families -- whose wallets just got a bit heavier: In 1971, Julian Sinclair Smith’s first TV station went live in Baltimore. Jaffe History of Art Building, Elliot and Roslyn View on the Campus Map » Built as the Phi Delta Theta fraternity house, the building was remodeled in 1924 as University of Pennsylvania offices and again in 1994 when it was adapted and enlarged by Tony Atkins for the History of Art Program. She told us about her volunteer work, and immediately whenever we had some damaged goods or something, whatever, she took it and sold it for the hospital. That’s when we really had the funds to do bigger things. Elliot and Roslyn Jaffe have also done well by keeping it in the family. Above, from left: T. Morgan Dixon and Vanessa Garrison of GirlTrek, Roslyn Jaffe, David Jaffe, Elise Jaffe, Lara Mendel of the Mosaic Project and Shira Greenberg of Keshet Dance at the Third Annual Roslyn S. Jaffe Awards in New York in 2016. they raised money for hospitals by selling discounts and things that they were able to get from the stores. But we had our customers, the working women. David Jaffe, the company’s CEO, saw his 10.7 million shares increase from $183 million to $214 million during the past week. I was the third child. I was grateful that I could go to college because my brother got the GI Bill, and that meant there were some funds for me to go to college, which was a big treat. Check Reputation Score for Spencer Jaffe in Roslyn, NY - View Criminal & Court Records | Photos | Address, Emails & Phone Number | Personal Review | $250K+ Income & Net Worth What we were doing was dressing the teacher, the woman who works in the bank, the receptionist, because they were not wearing pants in those days. David Jaffe owns over 31,396 units of Ascena Retail stock worth over $7,086,871 and over the last 10 years David sold ASNA stock worth over $11,228,216. Elliot Jaffe owns over 3,333 units of Ascena Retail stock worth over $652,611 and over the last 10 years Elliot sold ASNA stock worth over $0. Hard-good reselling was very successful, very quickly, so we got excited about this other concept. The estimated Net Worth of Elise Jaffe is at least $6.06 Milione dollars as of 7 December 2012. Though the businesses have made Roslyn Jaffe and her family wealthy, she says she has never forgotten what it was like to struggle as a working mother. SHARE. I was raised in Waterbury, Conn., in a family that did philanthropy in a very, very small way. David Jaffe owns over 31,396 units of Ascena Retail stock worth over $7,086,871 and over the last 10 years David sold ASNA stock worth over $11,228,216. Elliot Jaffe owns over 3,333 units of Ascena Retail stock worth over 652,611$ and over the last 10 years Elliot sold ASNA stock worth over 0$. “The big retailers on the street didn’t like us because we were discounters and that was a dirty word at the time.”. Elliot Jaffe was a buyer at Macy’s. David Jaffe owns over 31,396 units of Ascena Retail stock worth over $7,086,871 and over the last 10 years David sold ASNA stock worth over $11,228,216. As well me sensitive documents anonymously and securely at Safesource.forbes.com, © 2021 Forbes LLC! Corporate affairs, sue.ross @ ascenaretail.com, 212.491.2110, ascenaretail.com ; ascenacares.com Carrie Teffner! 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