Ian Schrager Net Worth

He co-opened Studio 54 in Manhattan in 1977. He was sentenced to prison for tax evasion but was later pardoned by President Barack Obama. Ian Schrager then co-opened the nightclub Palladium before turning to the hotel industry and starting Morgans Hotel Group. Schrager sold the company in 2005 and created Ian Schrager Company. He owns the Public hotel brand and has partnered with Marriott International. Schrager has hotels around the world including in New York, Chicago, Bangkok, Abu Dhabi, Barcelona, Shanghai, Los Angeles, Iceland, and more.