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Steven Udvar-Házy

Steven Udvar-Házy

S. Udvar-Házy
0% | + $0.01M
$4.64 B ₹ 42,157 Cr
Real Time Net Worth #904 Ranking as of 21 Feb 2026 By Forbes

More on Steven Udvar-Házy

Gender

Male

Age

80Y

Country

United States

Born On

January, 1946

Deceased

No

Relationship Status

Married

Children

4

Education

University Of California, Los Angeles

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Aircraft Leasing)

Primary Organization

Air Lease Corporation

Titles

Executive Chairman

Sources of Wealth

Air Lease Corporation, ILFC (Sold)

Industry

Aviation, Finance, Leasing

About Steven Udvar-Házy


S teven Udvar-Házy is a Hungarian-American billionaire who is considered the founding father of the modern aircraft leasing industry. Born in Hungary, his family fled the country during the Soviet occupation, eventually settling in the United States. In 1973, while still a university student, he co-founded the International Lease Finance Corporation (ILFC) with a small amount of capital. Their business model was to buy new aircraft directly from manufacturers like Boeing and Airbus and then lease them to airlines around the world.

This model revolutionized the airline industry, allowing carriers to expand their fleets without the massive upfront capital cost of purchasing planes. ILFC grew to become one of the largest aircraft lessors in the world. In 1990, he sold the company to the insurance giant AIG for over $1 billion, but he remained as its CEO. He left AIG in 2010 to found his second aircraft leasing company, Air Lease Corporation, where he serves as executive chairman. He is also a major philanthropist, particularly to the Smithsonian's National Air and Space Museum, where the main facility is named in his honor.

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Quick Reads


  • Considered the father of the aircraft leasing industry.
  • Co-founded International Lease Finance Corporation (ILFC) in 1973.
  • Sold ILFC to AIG in 1990.
  • Now the Executive Chairman of his second aircraft leasing company, Air Lease Corporation.
  • The National Air and Space Museum's annex is named the Steven F. Udvar-Házy Center.

Early Life and Background


Steven Ferencz Udvar-Házy is a Hungarian-American businessman, the self-made billionaire Executive Chairman of Air Lease Corporation (NYSE: AL) and Co-founder of International Lease Finance Corporation (ILFC). His career is rooted in aviation, finance, and entrepreneurial audacity.

Udvar-Házy holds a B.S. in Economics from the University of California, Los Angeles (UCLA). His philosophical approach centers on scale, risk management, and long-term asset hold in the essential aviation leasing sector (pioneering the modern aircraft leasing model). He emigrated from Hungary to the U.S. during the 1956 Hungarian Revolution.

  • Air Lease Corporation (ALC) (Executive Chairman & Founder): The core publicly traded asset, a major global lessor of commercial aircraft to airlines worldwide.
  • ILFC (Former Co-founder): The foundational source of his wealth, the major aircraft leasing company he sold to AIG for $1.3 billion in 1990.
  • Aviation Pioneer: His success is built on scale financial innovation and dominating the market for commercial aircraft leasing (a key structural component of the global airline industry).
  • Academic Background: He holds a B.S. in Economics from UCLA.

Career Journey of Steven Udvar-Házy


Steven Udvar-Házy's strategic genius was his commitment to asset finance. He co-founded ILFC in 1973 (with Leslie Gonda and his son, Louis Gonda), recognizing the structural shift of airlines moving from owning to leasing aircraft. The company was sold to AIG in 1990. His structural contribution is immense: pioneering the modern operating lease model for commercial aviation.

He later founded Air Lease Corporation (ALC) in 2010 (after leaving AIG), quickly building it into a major global player. His wealth is secured by the colossal, long-term, stable profitability of the global aviation and aircraft leasing sector.

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Steven Udvar-Házy's Timeline


1973:

Co-founds International Lease Finance Corporation (ILFC) (Founding 1).

1990:

ILFC is sold to AIG for $1.3 billion (Major Exit 1).

2010 (February):

Founds Air Lease Corporation (ALC) (Founding 2).

2011 (April):

ALC executes its successful IPO on the NYSE (Financial Milestone).

Ongoing:

Continues as Founder and Executive Chairman of ALC, guiding the global financial giant (Executive Oversight).

Major Business Ventures and Investments


Steven Udvar-Házy's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded financial giant, Air Lease Corporation (NYSE: AL), and his private investments.

  • Air Lease Corporation (ALC) (Executive Chairman & Founder): The core publicly traded asset, a major global lessor of commercial aircraft to airlines worldwide.
  • ILFC (Former Co-founder): The foundational source of his wealth, the major aircraft leasing company he sold to AIG for $1.3 billion in 1990.
  • Aviation Pioneer: His success is built on scale financial innovation and dominating the market for commercial aircraft leasing (a key structural component of the global airline industry).
  • Investment Strategy: His philosophy is rooted in long-term asset hold and financial discipline in aviation finance.

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Philanthropy and Social Impact


Steven Udvar-Házy's social impact stems from ALC's role in providing essential capital and aircraft to airlines globally, supporting the efficiency and expansion of global air travel. His personal philanthropy supports various educational and community initiatives, including major contributions to the National Air and Space Museum and UCLA.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Steven Udvar-Házy maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global aviation sector.

Residing in Beverly Hills, California, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, aviation finance, and corporate governance.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and Executive Chairman of Air Lease Corporation (ALC) and ILFC.
  • He pioneered the modern commercial aircraft leasing model.
  • He sold ILFC to AIG for $1.3 billion in 1990.
  • He holds a B.S. in Economics from UCLA.
  • His structural wealth is tied to the long-term, stable profitability of aircraft leasing.
  • He is a major donor to the National Air and Space Museum.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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