Ted Leonsis Net worth: What Team Does Leonsis Own?

Ted Leonsis Net worth: U.S. businessman, investor, filmmaker, author, philanthropist, and one-time politician Theodore John Leonsis was born on January 8, 1957. He co-founded and serves as chairman and chief executive officer of Monumental Sports & Entertainment after serving as a top executive at America Online (AOL).

The Revolution Growth Fund, in which he invested, has made investments in FedBid, Resonate Insights, Optoro, and CustomInk, and he is a founder member of that fund. He established and led the production company SnagFilms, which made the award-winning documentary Nanking.

The film won an Emmy for excellence in news and documentary in 2009. Besides being a businessman, he has also written a book titled “The Business of Happiness,” which was released in 2010.

Monumental Sports & Entertainment CEO Ted Leonsis already owns two of the “Big Four” sports league teams in Washington: the Wizards and the NHL’s Capitals. He has also overseen the growth of support for the WNBA’s Mystics and the NBA 2K League’s Wizards District Gaming.

Ted Leonsis Net worth
Ted Leonsis Net worth

Ted Leonsis Early Life

On January 8, 1957, in Brooklyn, New York, Theodore John Leonsis was born to the parents of a waiter and a secretary, who were themselves the children of Greek immigrants who had worked in a mill. As a kid, Ted mowed lawns to make some extra cash, and his high school career counselor predicted that he would one day work at a supermarket.

The wheels were set in motion, however, while Jim Shannon was mowing the lawn of his affluent stockbroker and Georgetown alumnus homeowner. When Ted graduated from Lowell High School, he approached Shannon for assistance in getting into Georgetown University.

Ted Leonsis went to college for the first time in 1977 and finished at the top of his class with a degree in American Studies. He eventually settled back in with his family in Lowell, Massachusetts, and found work as a communications manager at Wang Laboratories and a marketing executive at Harris Corporation. You may also read Bode Miller’s Net Worth

Ted Leonsis Career

At 25, Ted left Harris Corporation to start his own business in Florida by publishing “LIST,” a technology magazine that mostly covered personal computers. Together with his business partner, Vicent Pica, he was able to attract a million dollars in funding.

Its debut issue, released in 1982, sold 50,000 copies and was a huge financial success for the publication. Two years later, Ted sold the company to Thomson Reuters for $40 million, pocketing $20 million.

AOL

Ted Leonsis, formerly known as America Online’s CEO, is widely recognized as an early innovator in the Internet sector. Leonsis was a top executive at AOL for 13 years after the firm he founded, Redgate Communications, was purchased by AOL in 1994.

Sports Team Ownership

Ted Leonsis is the creator, chairman, majority owner, and chief executive officer of Monumental Sports & Entertainment, which owns the Washington Capitals (NHL), Washington Wizards (NBA), Washington Mystics (WNBA), and the Verizon Center.

The NBC Sports Group took an equity stake in Monumental Network, the digital sports and entertainment mecca in the nation’s capital.

Other Ventures & Philanthropy

Ted Leonsis, in his capacity as a venture capitalist, has made a number of individual investments and joined the recently formed “speed-up capital” Revolution Growth Fund II as a partner. Ted Leonsis is not only the creator, chairman, and major stakeholder of SnagFilms, but also a well-known documentary film producer.

He made the critically acclaimed film “Nanking” (2007), as well as “Kicking It” (2008) and “Fighting Chance” (2010). (2010). Best Buddies International, DC Central Kitchen, See Forever Foundation, Venture Philanthropy Partners, and many more are just a few of the numerous charities that Ted supports.

Ted Leonsis Personal Life

Ted and his wife, Lynn Leonsis, have two children together, a son and a daughter. Since August of 1987, they’ve been a married pair. After selling the family properties in McLean, Virginia, and Vero Beach, Florida, Ted Leonsis used the proceeds to acquire a 13-acre estate in Potomac, Maryland, for $20 million in 2011. Joseph P. Kennedy and Franklin D. Roosevelt previously owned this 20,000-square-foot mansion.

Ted Leonsis Net worth
Ted Leonsis Net worth

Ted Leonsis Net Worth

Ted Leonsis Net Worth is $2 Billion. Ted Leonsis is a multi-billionaire who has contributed to society in many ways through his ownership of several sports teams, investments in start-up companies, and other creative endeavors.

Leonsis amassed his fortune through a variety of ventures, including those in professional sports, Hollywood, and his own book, “The Business of Happiness.” Ted has established himself as a successful business builder and seller many times over the past three decades.

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