Ted Leonsis Net Worth

Net Worth:	$2 Billion
Date of Birth:	January 8, 1957 (67 years old)
Gender:	Male
Height:	5 ft 8 in (1.75 m)
Profession:	Philanthropist, Film Producer,Businessperson, Author and Investor,
Nationality:	United States of America

What is Ted Leonis’ net worth? How does Ted Leonis make his money? Below is the current net worth of Ted Leonis and how Ted Leonis makes his money.

What is Ted Leonsis’ Net Worth?

Ted Leonis is an American philanthropist, film producer, author, investor, and sportsman     with a net worth of $2 Billion.

He is a heavy investor in a number of sports organizations, movies, and other ventures,   and also an author of the book “The Business of Happiness.”

Ted has established himself as a successful serial entrepreneur over the course of three   decades, having created and sold numerous profitable businesses.

Childhood

On January 8, 1957, Theodore John Leonsis was birthed in Brooklyn, New York, to parents who worked as waiters and secretaries and grandparents who were Greek immigrants and worked as millworkers.

The guidance counselor at Ted’s high school predicted that Ted, who cut down grasses for extra cash, would work in a grocery store.

The wheels started turning, however, while he was mowing the lawn of Jim Shannon, a wealthy stockbroker, and Georgetown alumnus. After Ted graduated from Lowell High School, Shannon was impressed and eventually assisted him in obtaining admission to Georgetown University.

Ted Leonsis enrolled in college as the first person in his family, majored in American Studies, and earned the top honors in his graduating class in 1977.

He later relocated back to Lowell, Massachusetts, where he lived with his parents and subsequently started serving as a marketing executive and communications manager for Harris Corporation and Wang Laboratories.

Career

SEARCH Magazine

At the age of 25, Ted quit his job at Harris Corporation and relocated to Florida to launch his first company, publishing “LIST,” a technology publication with a strong emphasis on personal computing.

Alongside his business partner Vicent Pica, he ultimately raised $1 million in the capital. A $50,000 worth of copies of the first issue, which was released in 1982, were sold on newsstands.

Ted made $20 million when he sold the business to Thomson Reuters two years later for $40 million.

American Online (AOL)

Most people are probably most familiar with Ted Leonsis as the Internet industry pioneer who played a key role in making AOL (previously known as America Online) a worldwide phenomenon.

His first media company, Redgate Communications, was bought out by America Online in 1994, and for the following 13 years, Leonsis served as AOL’s senior executive.

Ownership of Sports Teams

Ted Leonsis is the owner and manager of the Washington Capitals (NHL), Washington Wizards (NBA), Washington Mystics (WNBA), and Verizon Center.

He is also well the founder, majority owner, and CEO of Monumental Sports & Entertainment. NBC Sports Group invested in Monumental Network, the online hub for news about sports and entertainment in Washington, DC, and joined as an equity partner.

Private Life

Ted and Lynn Leonsis are married, and the couple has a son and a daughter. They got wedded in August 1987.

Philanthropy & Other Ventures

Ted Leonsis is a venture capital investor who has made numerous investments on his own and joined the Revolution Growth Fund II, a newly established “speed-up capital” fund.

Additionally, he is the founder, chairman, and largest shareholder of SnagFilms as well as a well-known producer of documentaries.

Along with the subsequent two documentaries, “Kicking It” (2008) and “Fighting Chance,” which won an award, he also created and produced “Nanking,” an acclaimed documentary from 2007 to (2010).

Ted has a growing list of charities that he supports, but some of his most notable ones are  DC Central Kitchen, See Forever Foundation, Best Buddies, Venture Philanthropy Partners, and many others.

Real estate

After selling the family homes in McLean, Virginia, and Vero Beach, Florida, Ted Leonsis spent $20 million in 2011 to buy a 13-acre estate in Potomac, Maryland. Joseph P. Kennedy and Franklin D. Roosevelt previously owned the 20,000-square-foot estate.

 

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