What is Toll Brothers?
Toll Brothers is a luxury homebuilding company based in the United States. Robert I. Toll and Bruce E. Toll founded it in 1967. The company is known for constructing high-end residential communities, custom homes, and urban developments. As of 2023, Toll Brothers net worth is estimated at $8.08 billion according to our source.
|Company Name:||Toll Brothers|
|Founded:||1967; 56 years ago|
|Founders:||Robert I. Toll, Bruce E. Toll|
|Headquarters:||Fort Washington, Pennsylvania, U.S.|
|Key people:||Douglas C. Yearley, Jr. (Chairman and CEO)|
|Net income:||US$1.29 billion|
|Toll Brothers Net Worth 2023:||$8.08 Billion|
The Toll brothers, Robert and Bruce, came from a family with a building and real estate background. Their father, Albert Toll, was a successful builder and developer in Philadelphia. Robert and Bruce established their homebuilding company inspired by their father’s work.
Toll Brothers began as a small custom home builder in southeastern Pennsylvania. The brothers focused on constructing luxury homes with attention to quality and craftsmanship. Their reputation for building high-quality homes quickly grew, and they expanded their operations to other regions in Pennsylvania.
In the 1980s, Toll Brothers expanded beyond Pennsylvania and entered new markets, including New Jersey, Connecticut, and New York. The company continued flourishing and went public in 1986, trading on the New York Stock Exchange under the ticker symbol “TOL.”
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During the 1990s, Toll Brothers experienced significant growth as they expanded their operations nationwide. They entered new markets in Florida, California, Arizona, and other states. The company also diversified its product offerings by introducing active-adult and urban high-rise communities.
Toll Brothers continued to expand and establish a strong presence in the luxury homebuilding market. They gained recognition for their architectural designs, attention to detail, and commitment to customer service. The company became known for constructing homes in prestigious locations and offering various customization options.
Over the years, Toll Brothers has weathered various challenges in the housing market, including economic downturns and housing market fluctuations. However, the company has maintained its position as a leading luxury homebuilder in the United States.
Today, Toll Brothers operates in over 50 markets across 24 states. They have built a diverse portfolio of luxury homes, ranging from single-family residences to townhomes and condominiums. The company has also ventured into international markets, with projects in Canada and the United Kingdom.
Toll Brothers’ success has been recognized through numerous industry awards, including Builder of the Year by Professional Builder magazine. The company remains committed to its core values of quality, craftsmanship, and customer satisfaction as it continues to shape the luxury housing market.
Toll Brothers Net worth 2023
According to our source, Toll Brothers’ net worth is around $8.08 billion as of 2023.
Since 1995, Toll Brothers has acquired thirteen companies: Texas Woodlands in West.
Geoffrey H. Edmunds in Scottsdale, Arizona (1995), the central Florida division of Landstar Homes (2005), CamWest Development in Seattle, Washington (2011), Shapell Industries in California (2014), Coleman Homes in Boise, Idaho (2016), Sharp Residential in Atlanta, Georgia (2019), and Sabal Homes in South Carolina (1999), Silverman Homes in metro Detroit (1999), Richard R. Dostie (2003), and The Manhattan Building Company (2003) in northern New Jersey.
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