Golf legend Jack Nicklaus scored a significant victory in a New York court, where a judge ruled that he was free to use his name, image, and likeness (NIL). The ruling comes after Nicklaus Companies, founded by businessman Howard Milstein, claimed that Nicklaus had breached contractual obligations by licensing his IP to golf tournaments and rejecting the use of his NIL in a potential video game.

However, Judge Joel Cohen found that Nicklaus had never contractually granted exclusive licensing authority for his NIL, and therefore Nicklaus Companies had no right to prohibit him from using his name and image. This was a significant victory for Nicklaus, who had sold his company GBI to Milstein in 2007, but apparently maintained control over his NIL.

But have you ever wondered how Jack Nicklaus and Howard Milstein’s partnership began? Let’s take a step back and explore the origins of their relationship.

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How did Howard Milstein and Jack Nicklaus start working together?

It’s been 18 years since Jack Nicklaus handpicked Howard Milstein to help grow the Nicklaus business. At the time, Milstein was already a huge fan of Nicklaus and was drawn to the opportunity to build on a brand that was synonymous with excellence, integrity, and high standards. The partnership was a natural fit, with Nicklaus himself saying, “If you want to have a successful business, partner with Howard Milstein.” As the Executive Chairman of the Nicklaus Companies, Milstein has been instrumental in driving the company’s growth and success.

But his influence extends far beyond the golf world. He’s also the Chairman, President, and CEO of New York Private Bank & Trust and its operating bank, Emigrant Bank, which is the country’s largest family-run, private bank. Additionally, Milstein chairs and operates the Milstein family’s real estate companies and owns and leads many successful businesses across various sectors, including real estate, banking, hotels, marketing, finance, technology, and more. With a staggering net worth of $3.1 billion, Milstein’s business acumen and entrepreneurial spirit have paid off.

Milstein’s impact isn’t limited to the business world. He’s also a dedicated philanthropist, serving on the Board of the Nicklaus Children’s Health Care Foundation and supporting a range of causes, including medical research, healthcare, education, and disaster relief. He even serves as the Chairman of the New York State Thruway Authority but what about his personal life?

Howard Milstein’s personal life

A lifelong New Yorker born on May 15th, 1951, Howard Milstein comes from a family known for their exceptional business skills and charitable work. His father, Paul Milstein, was a highly respected and accomplished businessman and philanthropist. Howard has successfully followed in his father’s footsteps, making a name for himself in the business world. With his strong family legacy and personal drive, he has achieved great success and earned recognition for his accomplishments.

His education is impressive, with a Bachelor’s degree in Economics from Cornell University and both Law and Business degrees from Harvard University. He has earned many awards for his business achievements, including Cornell University’s Entrepreneur of the Year award in 2008. Howard is married to Abby Sniderman Milstein, and they have a son named Michael.

Beyond this, Milstein emphasized the importance of civic responsibility and community support. In an interview with Young Jewish Professionals, he discussed his commitment to giving back, highlighting his philanthropic endeavors and leadership roles in various charitable organizations. He also has a true passion for fine art, blending his business acumen with a deep appreciation for culture. His generosity shines through in his significant donations to cultural institutions, most notably the New York Public Library.

What do you think about Howard Milstein’s accomplishments? Let us know in the comment section below!