Schottenstein was born to a Jewish family the son of Geraldine (nee Hoffman) and Jerome Schottenstein. His father established Schottenstein Stores Corporation and was a prominent supporter of Jewish charities and served as board member of Yeshiva University.
He also has three grandchildren, Jacob, Jonah, and Emma. Since 1980, he has served as chairman of American Eagle Outfitters, Incorporated. In 1993, he replaced his father as head of Schottenstein Stores Corporation, as well as in his father"s charity activities.
Since 2005, he has served as chairman of Doctor of Social Work. He is one of the main contributors, along with his family, to the Schottenstein Edition of the Babylonian Talmud.
The Schottenstein family"s wealth was once estimated at $2 billion, coming mainly from Retail Ventures, Incorporated. (RVI) and American Eagle Outfitters, in which it currently holds a 26.5% stake.
Schottenstein personally owns about 3% of American Eagle Outfitters, as well as Retail Ventures" stake in the company. In 2015, the Schottenstein family donated $1 million to the presidential candidacy of John Kasich.
