Josh Mandel Divorce Reason-Divorce Settlement, Biography, Personal Life and More!

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josh mandel divorce

Joshua Aaron Mandel (born September 27, 1977) is a far-right[1][2][3][4][5] American politician who served as Ohio’s 48th Treasurer from 2011 to 2019. He formerly served as the Ohio State Representative for the 17th district from 2007 to 2011. He is a Republican. In the 2012 U.S. Senate race, he was a failed Republican challenger to Democratic incumbent Sherrod Brown.

Education and Early Life:

Mandel was born on September 27, 1977, in Cleveland, Ohio, to a Jewish family. He is the son of Rita (née Friedman) and Bruce Mandel.
Mandel’s maternal grandpa, Joe, is a Holocaust survivor from Poland, and his maternal grandmother, Fernanda, is an Italian immigrant who was concealed from the Nazis by Christian families during WWII. [10] Rachel is Mandel’s sister. He went to Beachwood High School, where he was the football team’s quarterback.

Private Life:

josh mandel divorce

In August 2008, Mandel married Ilana Shafran, a social worker, in Jerusalem. Mandel and Shafran filed for divorce in April 2020. The divorce was finalized in June 2020, and all documents were sealed until 2021 when financial information, custody of the three children, and child support payments were made public. Since August 2020, Mandel has been dating Rachel Wilson, a campaign employee.

Josh Mandel, a Republican Senate candidate, willingly exposed details of his divorce from his wife to the media after flying to another county to dissolve his marriage in 2020.

Mandel stunned Ohio politics when he abruptly stepped out of the 2018 Senate campaign, claiming a desire to spend more time with his family and care for his wife, Ilana Shafran Mandel, who he said was suffering from an unknown illness. The two Northeast Ohio residents peacefully split in 2020 after requesting an Ashland County judge to keep the details of their divorce private, according to Cleveland.com/The Plain Dealer.

Mandel agreed to provide media members access to the classified records at a Columbus law firm following his declaration that he will compete for retiring GOP Sen. Rob Portman’s seat in 2022. Mandel stated that he disclosed the data personally in order to avoid any speculative guesswork about what they could reveal.

Josh Mandel Divorce Settlement:

Mandel walked away with more than $1 million in assets split during the dissolution, the majority of which was in investment accounts, his state pension, and equity in his new home in Beachwood, according to the documents, which were redacted to protect personal information such as bank account numbers and specifics on their children. Mandel also gets joint custody of his three children, who will live with his wife mostly, while he will be responsible for child support and health insurance.

Ilana Mandel said in a statement issued by the campaign, “I look forward to doing anything I can to assist elect Josh to the United States Senate.” “We’re still good friends and dedicated parents to our three children.” Josh gave up a work opportunity a few years ago so that he could be at home with us full-time. I’m glad he’s getting another chance to serve, and I wholeheartedly support him.”

His Total Assets:

Mandel’s assets were mostly made up of three investment accounts totaling $605,000. Another $205,000 came from his Ohio Public Employee Retirement System pension.

Ilana Mandel maintained the couple’s Beachwood home as well as their original home in Lyndhurst, which they’ve been renting out recently. At the time of the divorce, Josh Mandel bought a new house in the neighborhood for $220,000.

Mandel’s fortune was built on the backs of his wife, Ilana Shafran. Mandel has little personal wealth to mention in a 2011 financial disclosure form during his first bid for office, except for his $82,000 income as state treasurer, investments valued ranging from $60,000 to $375,000, and a jointly owned property worth $100,001 to $250,000.

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Couple’s Combined Net Worth:

The couple’s combined net worth increased from $5 million to $15.7 million in 2017, with Mandel now owning much more business equities.

Mandel’s earnings after leaving his position as Ohio Treasurer in 2019 are also included in the divorce proceedings. Mandel made roughly $70,000 throughout the year.

Mandel made $397,000 in 2020, virtually entirely from his service on the boards of Capital Community Bank, Athene Insurance, Schear Financial Services, and Legal Business Services.

Other Than Politics:

Mandel was also a co-founder of two businesses. Before being bought by Republic, another real estate investment app, of them, Compound Asset Management, was involved in crowdfunded real estate investing. Another company, Boxbees Technologies, specializes in cardboard box recycling.

Mandel will also be expected to pay $2,637.72 per month in child support and provide health insurance for his three children as part of the dissolution.

 

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