It quickly expanded due to which it was moved to west 17th street in the Photo District in late 70s, where it started selling film equipment along with photo products. The store opened as a storefront film shop on the warren street in Tribecca. This teaches a lesson to anyone who thinks Jews care all but for the business. He and many of the employees are observant Satmar Haasidic Jews who close the store on Jewish holidays even during the Christmas season. Located at 420 Ninth Avenue on the corner of the west 34th street, B&H photo video was started by Herman Schreiber and his wife Bilmie (The name of the equipment store comes from initials of their names) in 1973. People usually ask where all the money from this $700 million business goes then? Answer is, CHARITY! He contributes to many educational and social service charities nationwide. He believes wealth is a gift from God and is not something to show off with. He once told his friend вЂњlook at all those middle-class people, are they lacking joy? Do they look unhappy to you because they donвЂ™t drive nice cars? Because they donвЂ™t own a house? All these things have nothing to do with happiness and joy.

He doesnвЂ™t own a car or a chauffeur, travels with public transportation, flies in economy class, wears simple clothes and eats simple food. Herman Schreiber is a multi millionaire who lives a simpler life than most of the middle class Americans. It serves over 11000 customers every day in which around 70% are online customers. Herman Schreiber is the owner of B&H Photo Video in Manhattan New York, which is the largest non-chain photo and video equipment store in the entire United States.

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