Richard Paul Richman ’73
Chairman and Founder
The Richman Group, Inc.
Richard Paul Richman is the chairman and founder of the Richman Group, Inc., and its affiliates, the eighth-largest apartment owner in the United States according to the National Multi-Housing Council. The firm’s portfolio includes more than 1,100 housing properties located in 49 states, Puerto Rico, the Virgin Islands, and Guam. The firm is headquartered in Greenwich, Conn., and has 11 regional offices throughout the nation.
Mr. Richman was a founder of the Affordable Housing Tax Credit Coalition, one of the country’s leading advocacy groups for affordable housing, and has served as its president and chairman of the board. In addition, he has been a member of various other national and local housing organizations. Mr. Richman is a frequent speaker nationally on housing and urban development and has appeared in a variety of forums: business, governmental, and educational, including the University of Pennsylvania, Columbia University, Yale University, and New York University School of Law, and on ABC’s Nightline, and National Public Radio. Mr. Richman is also a member of the board of trustees of the Progressive Policy Institute in Washington, D.C., a Washington think tank, the Dean’s Council of Columbia Law School, the University of Pennsylvania’s Urban Research Institute, and the University of Pennsylvania Parents’ Leadership Board. He has also been involved in national public affairs, including having served as the finance chairman in Connecticut for two presidential campaigns. In addition, Mr. Richman and his wife, Ellen Schapps Richman, have received numerous civic and charitable honors and awards.
He graduated from the Columbia Business School with an MBA, the Columbia University Law School with a JD and Syracuse University with a BA in political science.
Mr. Richman is married to Ellen Schapps Richman, a business school professor and former vice president of Wyeth Corporation. The couple have two children. Scott, 26, is a graduate of the Brunswick School of Greenwich, Conn., and the Wharton School of Business of the University of Pennsylvania. Brooke, 22, graduated from Greenwich Academy and the University of Pennsylvania.