Name
Nancy Lerner
Nancy Lerner
Cleveland, Ohio
Bachelor of Arts/Science, University of Cincinnati | Doctor of Jurisprudence, Cleveland State University
United States
banking, credit cards
$1,100,000,000
1941
#1941 Billionaires 2019
The Richest Person In Americas 50 Largest Cities 2016
Nancy Lerner owes her fortune to her billionaire dad, Al Lerner, who died in 2002, and to his banking fortune.Al started his career as a furniture salesman, invested in Cleveland-area real estate and bought control of Equitable Bancorp in 1981.Equitable Bancorp and Maryland National formed the credit card giant MBNA, whose 2005 merger with Bank of America created a $ 35 billion enterprise.Lerners bought Cleveland Browns in 1999 but later sold the team to billionaire Jimmy Haslam for about $1 billion in 2012.The family sold the English football club Aston Villa in 2016 after a decade of ownership.
Nancy, her mother Norma and brother Randy all share the ownership of the family mansion in the Hamptons worth $40 million.
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