B ernard Saul II is an American real estate and banking magnate based in the Washington, D.C. area. He is the chairman and CEO of B.F. Saul Company, a diversified real estate and banking enterprise that has been in his family for generations. The company's roots trace back to his grandfather, who founded the B.F. Saul mortgage and real estate company in 1892.
Bernard Saul II inherited the business and vastly expanded it. The company's real estate arm develops and manages a large portfolio of commercial properties, including office buildings, shopping centers, and hotels. He also founded Chevy Chase Bank, which he grew into the largest local bank in the D.C. region before selling it to Capital One for over $4 billion in 2009. He remains the head of the family's real estate empire and also controls Saul Centers, a publicly traded real estate investment trust (REIT).
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Bernard Francis Saul II is an American billionaire heir and businessman who is the Chairman and CEO of Saul Centers (NYSE: BFS), a publicly traded real estate investment trust (REIT), and the head of the private B.F. Saul Company. His legacy is multi-generational, stemming from his paternal grandfather, Bernard Francis Saul, who founded the business. The family fortune is rooted in banking and prime real estate investment in the Washington D.C. metropolitan area.
Saul received a prestigious education, earning a Bachelor's degree from Villanova University and an LLB (Law degree) from the University of Virginia School of Law. This legal and financial background was essential for navigating the complex world of commercial real estate development and management, preparing him to be the third-generation steward of one of the D.C. area’s most influential property empires.
Bernard Saul II’s career is one of long-term governance and strategic real estate investment. His father's company, the B.F. Saul Company, provided the foundational assets. In June 1993, he assumed the role of Chairman and CEO of Saul Centers, the family’s publicly traded real estate arm.
Under his leadership, Saul Centers grew into a major REIT specializing in acquiring, managing, and developing a diverse portfolio of properties, including shopping centers, office buildings, and residential properties across the Eastern United States, primarily focusing on the stable, lucrative Washington D.C. area. His investment philosophy favors a cautious, long-term, and strategically located approach to real estate development. His commitment to this stable, generational control has ensured the family's continued position as one of the most powerful real estate dynasties in the Mid-Atlantic region.
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Bernard Saul II’s wealth is concentrated in his family’s controlling equity stake in Saul Centers, Inc. (BFS), and the related private holdings of the B.F. Saul Company.
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Bernard Saul II is a deeply committed philanthropist and a strong supporter of Roman Catholic causes. His dedication to his faith was recognized in 1991 when he was awarded the prestigious Pro Ecclesia et Pontifice medal by the Pope.
The family’s charitable efforts also support education and civic institutions in the Washington D.C. area. His structural contribution to the region is the development and long-term management of essential commercial and retail infrastructure, which provides stability and thousands of jobs. His commitment to civic and religious leadership is a key element of his public legacy.
Bernard Saul II maintains the highly traditional, conservative style of a powerful D.C. area real estate magnate. His attire is consistently formal, favoring impeccably tailored business suits. His aesthetic is one of quiet, inherited power and deep institutional reliability, befitting a man who heads a massive, publicly traded REIT.
Residing in Chevy Chase, Maryland, his luxury is the financial security and long-term stability of his generational real estate empire. His life is defined by his commitment to his family, the continuation of the Saul legacy, and his deep philanthropic support for religious and civic institutions.
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