- CEO & Founder, The RREEF
As a businessman, Paul Sack has been in real estate for most of his career--acquiring and managing properties for investors. In 1975, he founded The RREEF Funds to facilitate such investment by large pension funds and endowments. RREEF owned and managed $95 billion of real estate at its peak and was purchased by Deutsche Bank. He also spent ten years in department store merchandising in San Francisco at the start of his career.
In 1966-67, he was country director of the Peace Corps program in Tanzania, comprised of 380 Volunteers and a professional staff of 12. In 1968-69, he worked in Peace Corps/Washington as director of the Office of Planning, Programs, and Research, which made the decisions as to which requests from overseas for Volunteers would be approved and thereby influenced the character of Peace Corp programs. Returning to his home in San Francisco, he enrolled in the Ph.D. program in economics at the University of California at Berkeley, where he specialized in the economics and politics of development and secured his Ph.D. in political economy in 1975. He also holds an A.B. degree from Harvard College in economics and an M.B.A. from the Harvard Business School. He has served overseas as a volunteer in the International Executive Service Corps, consulting on the development of housing in Rio de Janeiro, Brazil; Blantyre, Malawi; Alexandria, Egypt; Sabah and Sarawak, East Malaysia, and on department store merchandising and shopping center development in Singapore. He is an enthusiastic collector of photography and a former trustee of the San Francisco Museum of Modern Art and of the Ansel Adams Center. He is currently a trustee of the Center for International Policy in Washington, DC, and is an active emeritus trustee of the San Francisco Art Institute.