Robert I. Toll Cause of Death

Robert I Toll, the co-founder of the American luxury homebuilder company Toll Brothers passed away on Friday, October 7, 2022.

Mr Toll died at his home in New York, according to the Fort Washington, Pa.-based company. He was 81 years old and had Parkinson’s disease.

Mr Toll is survived by his wife, Jane Toll, five children,12 grandchildren and his brother, Bruce.

Robert Toll earned an undergraduate degree at Cornell, where he majored in political science, before going to law school.

Toll and his brother Bruce E. Toll founded Toll Brothers in 1967 with a focus on building luxury homes ($500,000+), beginning with a plot of land given to them by their father in Chester County, Pennsylvania.

They grew the business with a conservative financial model, always factoring in a 10% buffer for all projects and never assuming price appreciation during construction.

Bruce was in charge of the bookkeeping, while Robert handled the legal aspects of the company.

They expanded from the Northeast to Washington, D.C. in the late 1980s, and to California in the mid-1990s.