Background
Born to a Jewish family, the son of Sylvia (née Steinberg) and Albert Toll, he grew up in Elkins Park, Pennsylvania. His father, who emigrated from Ukraine, was a millionaire investor who lost everything in the Stock market crash of 1929.
Born to a Jewish family, the son of Sylvia (née Steinberg) and Albert Toll, he grew up in Elkins Park, Pennsylvania. His father, who emigrated from Ukraine, was a millionaire investor who lost everything in the Stock market crash of 1929.
In 1963, he graduated with a Bachelor of Arts from Cornell University. And in 1966, he earned a Bachelor of Laws degree, cum laude, from the University of Pennsylvania Law School.
His first job was at Camp Powhatan in Otisfield, Maine where he was a counselor lieutenant is now known as Seeds of Peace and is dedicated to bringing together Arab, Israeli, Indian, and Pakistani teenagers to promote peaceful conflict resolution. They grew the business using a conservative financial model always including a 10 percent cushion into all their projects and never assuming price appreciation during construction.
Bruce was responsible for the book-keeping and Robert the legal side of the business.
In the late 1980s, they expanded out of the Northeast to Washington, District of Columbia and in the mid-1990s, to California. The s are credited with mass-producing luxury housing by taking a few standard home styles and increasing the scale several fold.
Brothers later expanded into building “active-adult” communities for the elderly affluent and urban high-rises for the newly affluent ( Brothers City Living). In 2010, stepped down as Chief Executive Officer of Brothers although he still remains active in its management.
In November 2013, Brothers purchased Shapell Homes (founded by Nathan Shapell) for $1.6 billion.
In 1990, the s sponsored 58 third graders in a program called Say Yes to Education guarantying a college education to each of them. He served on the Board of Directors of the Cornell Real Estate Council, the Metropolitan Opera, Seeds of Peace, and Beth Shalom Synagogue in Elkins Park, Pennsylvania. He has been a long-time fundraiser for the American Red Cross and the American Cancer Society.
In 2005, was named Chief Executive Officer of the Year by Professional Builder Magazine.
In 2007, 2008, and 2009, he was named the "Best Chief Executive Officer in the Homebuilders & Building Products industry" by Institutional Investor magazine.
Toll was a member of the Democratic National Finance Committee during the Obama campaign.