|Real Name||Fred Daibes.|
|Birth Date||August 1957.|
|Birth Place||Leonia, NJ, United States.|
|Lives in||Edgewater, New Jersey, America.|
|Parents||Father: Assad Daibes.|
Mother: Mona Assad.
|Siblings||Frieda A. Daibes.|
Joseph A. Daibes.
Regina A. Daibes.
Eptisam A. Daibes.
Pounds: 168.6 lbs.
|Height||In feet: 5' 11".|
In centimeters: 180.33 cm.
In meters: 1.8 m.
|Hair||Salt & Pepper.|
|School||Leonia High School.|
|Founder & CEO||Daibes Enterprises.|
|Net worth||$54.3 Million.|
All About Edgewater Developer Fred Daibes
Fred Daibes (age 66, born August 1957) is the Founder and CEO of Daibes Enterprises, specializing in real estate development. He is notably recognized as a leading real estate developer in the Edgewater locality, having established Daibes Enterprises in the 1980s.
Recently, Fred Daibes has been under media scrutiny due to allegations suggesting substantial payments to Bob Menendez, amounting to hundreds of thousands of dollars as bribes. Allegedly, Daibes provided nearly $550,000 in funds and a number of gold bars weighing 1 kg each to Menendez.
According to reliable sources, this alleged bribery arrangement endured for several years, during which Bob Menendez purportedly utilized his position’s power and influence to safeguard the interests of Daibes Enterprises.
Wael Hana was also mentioned to have contributed significant sums in discreet white envelopes to Menendez for personal gains.
Close Ties with Politicians Aided Fred’s Construction Business
In Edgewater, Fred Daibes is widely acknowledged for orchestrating the waterfront’s transformation from its industrial roots into a luxurious “gold coast” adorned with high-end skyscrapers.
This accomplishment appears to have been facilitated by Daibes’ close ties with various Edgewater officials, who allegedly favored him over rival developers by rejecting their proposals and endorsing his lucrative ventures.
These claims stem from lawsuits and a recent New Jersey State Commission investigation report, shedding light on potential improprieties. The information disclosed instances where Daibes offered reduced-rate housing to Edgewater’s mayor and significantly contributed to a local councilman’s business while benefiting from development rights.
Regrettably, promises to construct affordable housing were allegedly unfulfilled. Furthermore, the report revealed allegations of reprisals against those who opposed Daibes.
The former mayor of Edgewater, James Delaney, testified that his political backing vanished when he raised concerns about a suspected unethical arrangement between local authorities and Daibes, eventually leading him to opt out of seeking re-election.
Fred Daibes Family Background
In August 1957, Fred Daibes (age 66) was born into a family of Lebanese roots. Reportedly, Fred’s father, Assad Yousef Daibes, and mother, Elizabeth Doran, were originally from Beirut and moved to America following the American Dream.
In the United States, Fred grew up in Edgewater, where he attended Leonia High School. He shared his childhood with a brother named Joseph A. Daibes and three sisters, Regina A. Daibes, Frieda A. Daibes, and Eptisam A. Daibes.
Fred Daibes’ Enterpreneurial Success
Fred Daibes serves as both the founder and CEO of Daibes Enterprises, a dynamic consortium comprising various subsidiaries specializing in diverse sectors, including real estate development. In 1985, Daibes Enterprises was established and steadily evolved into one of the prominent regional developers within the tri-state area.
While each subsidiary and company maintains its distinct identity, they operate collaboratively under the guidance of a central governing entity. This collaborative approach enables them to expedite and streamline land development without any shift in plans or principles.
A significant contributor to Daibes’ success, alongside his close-knit family involvement, lies in his unwavering and well-defined business philosophy. The consistent adherence to high standards across all projects has played a pivotal role in their annual growth.
A notable testament to Daibes’ commitment to delivering exceptional quality is “The Alexander,” a residential landmark along River Road, setting an elevated benchmark for Hudson living.
Fred is also the founder of Mariner’s Bank; according to records, he served as the Board of Directors Chairman since the beginning.
Who is Fred Daibes’ Wife?
Although Daibes is quite popular in his hometown, he tries to keep his family away from public interaction. According to our sources, he is married to Elizabeth Doran.
Currently, we do not know how many kids he has, but in an interview with a magazine, he credited his family for his entrepreneurial success.
Besides his prowess in constructing lavish buildings, Fred also possesses a keen interest in collecting rare and luxurious automobiles.
Among his multi-million-dollar collection, notable vehicles include the Mercedes-Benz 380SL, a rare Jaguar XK140, two Bentley Continental GTs, two Mercedes-Benz SLR McLarens, a highly prized Ferrari 575 Superamerica, and many more.
Fred Daibes FAQs
Ques: How old is Fred Daibes?
Ques: When was Fred Daibes born?
Ans: In August 1957.
Ques: Where does Fred Daibes live?
Ans: Edgewater, New Jersey, America.
Ques: What is Fred Daibes’ net worth?
Ans: $54.3 Million.