The net worth of Ronald Tutor, widely recognized as Ron Tutor, is approximately $1 billion, marking him as a prominent American business titan. As the Chairman and Chief Executive Officer of Tutor Perini since March 2000, Ronald Tutor has significantly shaped the construction industry.
Additionally, he holds the position of President at Tutor-Saliba, a construction firm that merged with Tutor Perini in September 2008, enhancing its stature and focus within the sector.
Beyond his influential roles in business, Ronald Tutor contributes his expertise and leadership as a member of the Board of Trustees at the University of Southern California, further solidifying his educational and professional status.
Profile Summary
| Net Worth | $1 billion |
| Full Name | Ronald Newton Tutor |
| Age | 84 years old |
| Date of Birth | October 13, 1940 |
| Place of Birth | Sherman Oaks, California |
| Nationality | American |
| Parents | Father: A.G. Tutor Mother: Elaine N. Tutor |
| Occupation | Businessman |
| Current-Wife | Alia Tutor |
| Ex-Wife | Cheryl Jean Osterkamp |
| Children | Five Children |
| Grandchildren | Two |
Ronald Tutor Net Worth
Ronald Tutor has an estimated net worth of $1 billion. Tutor owns a lot of Tutor Perini Corp stock, worth over $29.4 million. He has sold some of this stock over the last 15 years and made over $287.6 million.
The tutor is said to have helped Perini Corp (now known as Tutor Perini) recapitalize after it went into debt in the mid-1990s. He became president of the corporation founded in 1894 by a stonemason named Bonfiglio Perini in 2000 and merged it with Tutor Salina in 2008, with transaction values of $862 million.
Besides owning stock, Tutor also makes an additional $7,236,400 as the Chairman and CEO of Tutor Perini Corp.
House and Properties
Over the years, Ronald Tutor has bought some fancy houses. In 2018, he got a massive mansion in Golden Beach, north of Miami, for $22.5 million. This mansion has over 15,000 square feet of space, six bedrooms, and eight bathrooms.
In Southern California, Tutor has owned some big homes. One of the fanciest is a mega-mansion in Beverly Park, Beverly Hills. He got it for $32.2 million in 2008. This massive place has 27,000 square feet, nine bedrooms, 18 bathrooms, a movie theater, gym, guest house, tennis court, a 75-foot pool, and even a 110-yard golf hole!
But that’s not all. 1993 Tutor bought another big house in Hidden Hills for $4.025 million. He put it up for sale in 2010 for $18.9 million, but after lowering the price a few times, it finally sold for $7.350 million in June 2013.
However, before the sale, his daughter Tracy Tutor rented the house for $25,000 monthly in 2011.
Private Jet and Yacht
In addition to his collections, Ronald Tutor owns a private Boeing 737 jet and a luxury yacht. The 258-foot yacht, Pegasus II, is valued at $65 million, while the jet comes with a hefty price tag of around $71 million for a brand-new one.
Early Life
Ronald Newton Tutor, who is currently 84 years old, was born in Sherman Oaks, California, USA, on October 13, 1940. He has Armenian ancestry.
Ronald’s parents were Albert Garrow Tutor (father) and Elaine Noradoun Tutor (mother). It might interest you that Ronald’s mom’s name was originally Hranoush Noragougian; she was born in Russia on August 12, 1914.
Also, Ronald’s father’s last name was Varjabedian, but people had difficulty pronouncing it before he anglicized (to adapt a foreign word to English) his name to Tutor. His father was into real estate and founded the company A.G. Tutor.
Education-wise, Ronald graduated from Van Nuys High School, Van Nuys, Los Angeles, California, in 1959. After that, he obtained his B.S. in Finance from the University of Southern California (USC), Los Angeles, California in 1963.
Professional Career
Ronald N. Tutor commenced his career in the construction industry shortly after graduating. In the early years of his professional journey, Tutor served as a builder at A.G. Tutor Company, Incorporated, from around 1963 to 1972.
A.G Tutor is a real estate company founded by his father in 1949. Following this, he co-founded Tutor-Saliba Corporation, a general contracting firm based in Encino, CA, in 1972, alongside Naseeb Michael Saliba.
Tutor’s influence expanded when he helped Perini Corporation recapitalize from debt, holding the company down in the mid-1990s. The Corporation was founded by stonemason Bonfiglio Perini in 1894.
As years went by, Tutor became the director at Perini Corporation (later renamed to Tutor Perini) in Framingham, MA, from January 1997 to May 2009.
Subsequently, he took on pivotal roles, serving as Chairman of the Board from July 1999 to May 2009 and as Chief Executive Officer from March 2000 to May 2009.
Tutor’s impact on the construction industry has been recognized throughout his career, earning him the prestigious United States Army Corps of Engineers National Contractor of the Year Award for Civil Works Projects in 1994.
Personal Life
Ronald N. Tutor has been married three times. His first marriage was with Cheryl Jean Osterkamp (also known as “Hansen”) on July 29, 1973, in Los Angeles, CA.
Unfortunately, Ronald N. Tutor and Cheryl J. Osterkamp experienced the loss of their son, James Douglas Tutor, born on October 9, 1965, and passed away on October 18, 2008, at the age of 43. James left behind a daughter named Kate I. Tutor.
His current wife is Alia Tutor, and they have two sons together. Ronald also has three daughters from his previous marriages. Two of his daughters are Tracy Tutor and Kristin Tutor Eberts -Tracy’s younger sister.
Ronald has two grandchildren, Juliette Maltas, and Scarlet Maltas, from his daughter Tracy Tutor, who had them with her ex-husband Jason Maltas. As of the time of writing, Tracy is a new relationship with her partner Erik Anderson.