Tuesday, April 23, 2024
HomeBusinessCEOsTed Lerner Net Worth

Ted Lerner Net Worth

Ted Lerner was an American businessman who had a net worth of $6.5 billion. That made Ted Lerner one of the richest people in Maryland for most of his lifetime. Born in the Washington, D.C. area, Ted Lerner went on to serve in the American Army during World War II. After returning to the United States, he graduated from George Washington University, and then from George Washington University Law School.

He founded Lerner Enterprises in 1952. His wife loaned him $212 to start the real estate firm. The firm eventually grew into the largest private land owner in the D.C. area. The company owns 750 home lots, another 7000 apartments, and over 20 million square feet of space spread out over a wide range of commercial and retail properties.

Lerner Enterprises is continuing to add to their portfolio with multiple properties being developed in Tyson’s Corner and Dulles Town Center.

Lerner was also the majority owner of the Washington Nationals, and part owner of the Mid-Atlantic Sports Network. Lerner purchased the Nationals in 2006 for $450 million. The team had technically previously been the Montreal Expos. Lerner and the Nationals won the World Series in 2019.

- A word from our sponsors -

Most Popular

More from Author

Hamis Kiggundu’s new US$200 Million Hamz Stadium highlights his grit, ingenuity and patriotism

Hamis Kiggundu's transformation of Kampala's Nakivubo Stadium into the Hamz Stadium marks a significant achievement. Despite initial skepticism and challenges from local communities and sports enthusiasts, Kiggundu's determination and investment have resulted in a state-of-the-art sports facility. This development not only revitalizes downtown Kampala but also promises to boost Uganda's sporting and economic landscape.

Israel Forces Free Female Soldier Taken Hostage By Hamas

Israel Forces Free Female Soldier Taken Hostage By Hamas. A female soldier who was taken hostage in the October 7 Hamas attack on Israel was freed during a ground operation by Israeli forces, the Israel Defense Forces said Monday—marking the latest hostage to make it back to Israel as the war progresses.

Coby Brooks Net Worth

Coby Garrett Brooks (born May 17, 1969) is the former president and...

Michael Ballard Net Worth

Michael Ballard is an American bar owner and motorcyclist who has...

- A word from our sponsors -

Angola’s Billionaire Elite: Unveiling the Top 10 Wealthiest Moguls in 2024

Here's a look at Angola's wealthiest individuals in 2024, highlighting the top entrepreneurs and business magnates who are shaping the country's economic landscape. This list is current for 2024 and excludes Isabel Dos Santos, focusing on the new and prevailing forces in Angola's billionaire circle.Angola’s Billionaire Elite:...

Discover the Ultimate Road Companion: Nissan Caravan Now Available in Mombasa, Kenya

Are you on the hunt for a vehicle that combines robust performance with spacious comfort? Look no further than the Nissan Caravan, currently on offer in the bustling city of Mombasa, Kenya. Ideal for businesses requiring cargo transport, groups seeking adventure, or families needing extra space, the...

Algeria’s Billionaire Elite: Unveiling the Top 10 Wealthiest Moguls in 2024

Algeria, with its significant oil and gas reserves, has a group of wealthy individuals whose influence spans across various industries including construction, manufacturing, food, and pharmaceuticals. Here is a table summarizing the top 10 wealthiest individuals in Algeria as of 2024:As of 2024, here is the latest...

Rising Icon of Sport: Kenya’s Talanta Stadium Set to Redefine African Athletics

Kenya's Pinnacle of Pride: Unveiling the Talanta Sports CityNAIROBI-KENYA | Amidst the bustling energy of Nairobi, a new landmark rises - the Talanta Sports City. A marvel of architecture that intertwines the spirit of Kenyan heritage with cutting-edge design, this stadium is poised to become a beacon...

Ethiopias’s Billionaire Elite: Unveiling the Top 10 Wealthiest Moguls in 2024

Ethiopia, known for its rich cultural heritage, is also home to some of the wealthiest individuals in Africa. These moguls have diversified their investments across various sectors including oil, mining, agriculture, and real estate, significantly contributing to the nation's economic development. Here's a look at the top...

Trailblazers of Wealth: Kenya’s Five Most Influential Women in 2024

Kenya's economic landscape is distinguished not only by its vibrant markets and industries but also by the formidable women who have risen to the top of these sectors. As of 2024, here is a detailed look at the five richest women in Kenya, highlighting their net worth,...