Patricia Altschul, a well-known socialite, reality television personality, and entrepreneur, has amassed an impressive net worth of $100 million. Born on April 16, 1941, in Jacksonville, Florida, Patricia has established herself as a respected figure in art, philanthropy, and television.
Her widespread recognition comes from her appearance on Bravo’s hit show Southern Charm, which was created by her son, Whitney Sudler-Smith. Her sharp wit and Southern elegance have made her a fan favorite on the series. Over the years, she has been an influential social figure, philanthropist, and entrepreneur, building a career that extends far beyond reality TV.
Early Life and Education
Patricia Altschul was raised in Richmond, Virginia, by her parents, Francis and Walter Day. Her father, Dr. Walter Day, was a respected physician, and her upbringing provided her with a deep appreciation for art, culture, and history.
She attended Marymount School and Olney Friends School before pursuing higher education at George Washington University. Patricia graduated magna cum laude with a bachelor’s degree in 1964 and a master’s degree in 1965, both in archaeology and art history. This strong academic foundation led her to a teaching career before she transitioned into the world of business and fine art.
Career and Business Ventures
After earning her master’s degree, Patricia worked as an instructor and assistant professor in art history at George Washington University. However, her passion for fine art led her to establish her private art dealership, Arcadia, located in Georgetown, Washington, D.C. This venture allowed her to work with elite art collectors, further solidifying her reputation in the industry.
Reality TV Stardom: Southern Charm
In 2014, Patricia’s son, Whitney Sudler-Smith, created the Bravo reality series Southern Charm, which provided viewers with a glimpse into the lives of Charleston’s elite. He encouraged Patricia to take part in the show, and she quickly became a standout cast member. Her quick wit, timeless elegance, and lavish lifestyle have made her one of the most beloved personalities on the series.
As of 2024, Patricia has appeared in over 60 episodes of Southern Charm, often delivering humorous and sharp observations about Charleston’s social scene. Her presence on the show has boosted her public profile, further adding to her influence.
Patricia Altschul’s Luxury Collection
In 2020, Patricia expanded her business empire by launching The Patricia Altschul Luxury Collection. This home and fashion line, which is sold on the Home Shopping Network, features a curated selection of clothing, pillows, throws, and home décor. The collection is designed to offer luxury at an accessible price point, appealing to fans of Southern elegance and sophistication.
Personal Life: Marriages and Philanthropy
Patricia Altschul’s personal life has been marked by three marriages, each of which contributed to her social and financial status.
Marriages:
- First Husband: Patricia married L. Hayes Smith in 1962. The couple welcomed their son, Whitney Sudler-Smith (born June 2, 1968), before divorcing in 1979.
- Second Husband: In 1989, she married Dr. Edward Stitt Fleming, a successful doctor and entrepreneur. They remained together until their divorce in 1995.
- Third Husband: In 1996, Patricia wed Arthur Altschul, a prominent banker and investor. Arthur was a general partner at Goldman, Sachs & Company and co-founded General American Investors. The couple was married until Arthur’s passing in 2002.
Philanthropic Contributions
Due to her high-profile social standing, Patricia has been actively involved in philanthropy and charitable organizations. She has been a board member of the Rockefeller family’s Hudson Hills Trust and the New York Historical Society. Her generous donations to various causes have earned her recognition, including the Woman of the Year Award from the Police Athletic League of New York City in 2012.
Real Estate Investments and Lavish Homes
Patricia Altschul has made several significant real estate investments, further contributing to her impressive net worth.
1. Long Island Mansion
In 1997, Patricia and Arthur Altschul purchased a 30-room mansion in Long Island. Following Arthur’s passing, Patricia sold the estate for $12.5 million in 2009.
2. Isaac Jenkins Mikell House (Charleston, South Carolina)
In 2008, Patricia purchased the historic Isaac Jenkins Mikell House in Charleston for $4.8 million. The 10-bedroom, 9,500-square-foot mansion, originally built in 1853, was once a public library before being converted into a luxurious private residence.
Patricia reportedly spent over $5 million on renovations, preserving its historic charm while modernizing its interiors. Due to her efforts, she received the Pro Merito Award/Carolopolis Award from the Preservation Society of Charleston in 2013. In 2014, the home was added to the National Register of Historic Places.
The mansion is frequently featured on Southern Charm, serving as a backdrop for many of the show’s iconic moments.
Patricia Altschul’s Influence and Legacy
With a net worth of $100 million, Patricia Altschul remains one of the wealthiest and most influential socialites in the United States. From her academic achievements and art dealership to her television fame and luxury business ventures, she has built an empire that extends across multiple industries.
Her charismatic presence on Southern Charm, combined with her business acumen and philanthropic efforts, solidifies her status as a modern-day icon of Southern elegance and sophistication. At 83 years old, Patricia continues to expand her brand, ensuring that her legacy will endure for generations to come.
