Norma Lerner
Cleveland, Ohio
United States
banking
$1,100,000,000
1941
#1941 Billionaires 2019
The Richest Person In Americas 50 Largest Cities 2016
Norma Lerner is the widow of Al Lerner (d. 2002), who made a fortune as founder of credit card giant MBNA.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, which was acquired by Bank of America for $35 billion in 2005.
The family sold the English football club Aston Villa for $88 million to Chinese businessman Tony Xia in 2016 after a decade of ownership.They bought the Cleveland Browns in 1999 and brought pro football back to the city, but sold the team to billionaire Jimmy Haslam for about $1 billion in 2012.
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