Co-Founder of Toll Brothers Sees Plenty of New Business Opportunities Despite World’s Turbulence

Bruce Toll of BET Investments and Toll Brothers.
Image via Michael Bryant, The Philadelphia Inquirer.
Bruce Toll of BET Investments in Dresher, Montgomery County.

Bruce Toll, the co-founder of Fort Washington-based Toll Brothers and principal of Dresher-based BET Investments, is seeing plenty of new business opportunities appear from the current turbulent situation in the world, writes Joseph N. DiStefano for The Philadelphia Inquirer.

Toll has long diversified the fortune he acquired through the luxury homebuilder.

His firm has bet on several fields, including healthcare, medical, information technology, and telecom companies. He also owns coal fields in Pennsylvania, auto dealers and is currently building suburban apartments.

Russia’s invasion of Ukraine, from where Toll’s grandfather emigrated at the start of the last century, has sent the demand for his coal up drastically, as Russia is no longer able to export hard coal or soft coal.

“Anthracite is hard coal; it is used by steel manufacturers,” said Toll. “They are our biggest customers. And now, with the Build America infrastructure program, they’ll need a lot of steel.”

The apartment business is also booming, especially with the shortage of inventory nationwide.

“We’re building a lot more apartments,” he said. “We finished four or five communities in the last three years. Everything is getting leased 100 percent.”

Read more about Bruce Toll and his business endeavors in The Philadelphia Inquirer.