Ted Leonsis net worth

Ted Leonsis net worth

Net Worth: $1 Billion

About Ted Leonsis

Ted Leonsis net worth

It has been estimated that the total size of Ted Leonsis net worth is as high as 1 billion dollars, and this sum of money makes him one of the wealthiest people in the world. Ted Leonsis has earned his net worth through his career in business. He is a sports team owner, venture capitalist and investor as well as a writer and filmmaker. Thus, all of these careers have added up a lot to the overall sum of Ted Leonsis net worth. Ted Leonsis is also known for his extensive philanthropic work. Ted Leonsis at one point was working as a senior executive at America Online (AOL). Ted Leonsis later established his own business, called Monument Sports and Entertainment. In addition to owning it, he worked as the company’s chairman and CEO. Thus, his own business has also added up to the total estimate of Ted Leonsis net worth.
In addition to that, he is involved into sports industry, where he is a majority owner of teams such as the National Hockey League’s Washington Capitals, the Women’s National Basketball Association’s Washington Mystics, the National Basketball Association’s Washington Wizards and the Verizon Center in Washington, D.

C. Therefore, this involvement has also increased the overall amount of Ted Leonsis net worth.
Ted Leonsis today is an investor in the Revolution Growth Fund, where he is also one of the founding members. The company does investments into Resonate Insights, CustomInk, Optoro and FedBid. Ted Leonsis has also ventured into film making when he created a production company called SnagFilms, where he is serving as a chairman. The production company worked on the documentary called “Nanking”. In 2009 this documentary was awarded with the News and Documentary Emmy Award. Therefore, his work in film industry has also been honored and recognized. In 2010 he became known as an author, as well, when he published his book called “The Business of Happiness”. Thus, the sales of the book have also increased the total size of Ted Leonsis net worth.
Ted Leonsis was born in 1957 in Brooklyn, New York. He was born into a Greek American family. His father was a waiter and his mother was a secretary. Ted Leonsis attended Brooklyn Technical High School and after that he moved to Massachusetts. There, he attended Lowell High School. In 2005, this school awarded him with the Distinguished Alumni honor for reaching the highest level of accomplishment and possessing the highest standards of integrity and character. In 1977 he became a graduate of Georgetown University. After that, he returned to Lowell, where he was hired to work at Wang Laboratories.
In 1987 he started his business when he founded Redgate Communications Corporation, the marketing communications company. In 1994 this company was bought by AOL. There, he kept his position as a senior executive. He worked in this firm for 13 years and during this time a huge part of his wealth was also accumulated. In 2014, he still worked with AOL as the company’s vice chairman emeritus. Thus, AOL was also one of the main first sources of making his name well known in business.

Now you have an idea why Ted Leonsis net worth is this huge

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