Theodore Leonsis
Potomac, Maryland
United States
sports teams, Self Made
$1,100,000,000
1941
#1941 Billionaires 2019
#373 Forbes 400 1999
Theodore 'Ted' Leonsis is founder, majority owner and CEO of Monumental Sports, which owns several teams and arenas in Washington, D.C.Subsidiaries include the NBA's Wizards, the NHL's Capitals, the WNBA's Washington Mystics, two Arena Football teams and Capital One Arena.The grandson of Greek immigrants, Leonsis initially built his fortune as a senior executive at AOL, where he worked for nearly 14 years.He is a cofounder and partner at Revolution Growth, a venture capital firm helmed by AOL cofounder Steve Case.In 2017 Laurene Powell Jobs reportedly bought 20% of Monumental Sports for hundreds of millions of dollars, making her the second largest shareholder.
Leonsis runs a blog called Ted's Take, where he posts commentary on business and sports.He lives in a house in Potomac, MD that Franklin Roosevelt, and later Joe Kennedy (the father of President John F. Kennedy), used to rent out over the summer.
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