COMING THURSDAY: The “Billionaire” Buying Up Newport — PART 1

COMING THURSDAY: The “Billionaire” Buying Up Newport — PART 1

Nicholas Schorsch has been buying up a number of Newport’s institutions — restaurants, a brewery, real estate, and much more.

 

So GoLocal began to ask some questions about the man who has become a major player in one of the world’s leading playgrounds for the wealthy.

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He started his career in Philadelphia and then moved on to become a significant CEO in commercial real estate. A true titan of Wall Street, but with each step, there were controversies.

 

His business associates include former Pennsylvania Governor Ed Rendell and former Salve Regina President Sister M. Therese Antone.

 

Schorsch is an accomplished auto collector and counts Jay Leno as a close friend.

 

Now, nearly 30 interviews later, and after reviewing hundreds of news articles and legal documents, it is clear that Schorsch’s story is very complex.

 

Thursday - Read Part I