How rich is Ted Lerner?
Ted Lerner Net Worth:
|Birth date:||October 15, 1925|
|Birth place:||Washington, D.C., United States|
|Profession:||Real estate development|
|Education:||George Washington University|
|Nationality:||United States of America|
|Parents:||Mayer Lerner, Ethel Lerner|
Ted Lerner net worth, wiki & biography:
Ted Lerner is an American property tycoon with an estimated net worth of $4 billion as of March 2013. According to Forbes.com, he’s #329 in the World Billionaires List, #344 in the year 2012, #106 in the usa, and #100 in the Forbes 400 List. He is considered among the richest folks in Maryland. Produced Theodore N. Lerner on October 15, 1925 in Washington, D.C., he served with the U.S. Army through the ending of World War II after he graduated high school in 1943. He then visited The George Washington University where he received his Associate of Arts.
Ted Lerner Net Worth $4 Billion
In 1952, former lawyer Ted Lerner founded the property business Lerner Enterprises. He borrowed $212 from his wife to start the business and it has grown in the largest private property possession in the D.C. region. Now, the business owns 20 million square feet of commercial and retail space, 7,000 apartments and 750 private home lots. Ted is also developing hotels, apartments and offices in the suburbs of Virginia and Maryland. Along with their portfolio, Lerner Enterprises continues with developing multiple properties in Tyson’s Corner and Dulles Town Center.
Regardless of property, Lerner also owns a stake in Mid-Atlantic Sports Network, a regional broadcast network. Lerner is also the majority owner of the Washington Nationals baseball team with 90% controlling shares. Its Washington Nationals Vision Foundation has committed $2 million for the pediatric diabetes wing at the Children’s National Hospital in D.C. The Lerner Family Foundation also gave $5 million to the Lerner Family Health and Wellness Center at The George Washington University and anther $10 milion to the Lerner Family Sports Center at Hebrew University in Jerusalem.