Early Life and Education
Bruce E. Toll was born on April 29, 1943, into a Jewish family in Elkins Park, Pennsylvania. His father, a millionaire investor, lost his wealth in the 1929 stock market crash. Toll graduated with a B.A. from the University of Miami in 1965.
Rise to Success
In 1967, Bruce and his brother Robert Toll founded Toll Brothers. They began by building luxury homes, focusing on quality and customer service. The company grew rapidly, expanding from the Northeast to other parts of the United States.
Key Business Strategies
Toll Brothers implemented a conservative financial model, including a 10 percent expense cushion, and conservative sales estimates. Bruce was responsible for bookkeeping, while Robert handled the legal aspects of the business. The company expanded into building active-adult communities and urban high-rises.
Philanthropy
Toll serves on the board of directors for several organizations. He typically donates to the Republican party. The Bruce E and Robbi S Toll Foundation supports a wide range of subject areas including arts and culture, education, health, and religion, with a particular focus on Judaism.