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Alexander Gus Spanos (born September 28, 1923) is an American real estate developer and self-made billionaire who founded the A. G. Spanos Companies and owns the San Diego Chargers.


Spanos was born in Stockton, California to a Greek family, the son of Greek immigrants, Constantino and Evanthia Spanos. His father owned a bakery. At the age of eight, he started working at his father's bakery. In 1942 he dropped out of college and joined the Army Air Force training as a pilot but left the program, instead serving as a tail gunner during World War II. Spanos earned varsity letters in running and diving at the University of the Pacific in Stockton and later distinguished himself as an amateur golfer.[citation needed]
In 1951 he borrowed $800 from a local banker to buy a truck which he then used to sell sandwiches to migrant farm workers in the San Joaquin Valley. By 1955 he had made his first million dollars, He invested his earnings in real estate and at the suggestion of his tax accountants, he started to build apartments. In 1960 he founded A.G. Spanos Companies, which became the largest apartment builder in the United States in 1977. The corporation is based in Stockton and has 10 subsidiaries.
In 1984, Spanos bought 60% of the San Diego Chargers from majority owner Eugene Klein for $48.3 million. Over the next 10 years, he bought out the shares of several small co-owners, bringing his control of the team to 97%. He remains partnered with retired San Diego restaurateur George Pernicano, however, an investor in the team since a few years after its inception. Since 1993, Spanos' son Dean has handled the daily operations of the franchise. According to Forbes, in 2007 the San Diego Chargers were worth $826 million.
Spanos donated $500,000 to renovate the historic Fox Theatre in downtown Stockton, and with the approval of the City of Stockton, renamed the facility the Fox California Bob Hope Theatre. The Alex G. Spanos Center in Stockton and the Alex

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Alexander Spanos Latest News

Chargers Owner Wraps Up Settlement

SAN DIEGO — Alexander Spanos, owner of the National Football League's San Diego Chargers, sold the remaining four apartment properties he controls through two partnerships for $46.9 million. The sale was part of a settlement of a class-action lawsuit ...
Posted: March 24, 1999, 4:00 pm

Donald Trump's net worth drops $600 million on Forbes' rich list

The oldest is 94-year-old Alexander Spanos, one of the nation's largest apartment developers and owner of the San Diego Chargers football team, who was worth an estimated $2.4 billion. Trump fared better in Forbes' ranking than he did on Bloomberg's ...
Posted: October 17, 2017, 8:17 am

Forbes’ richest Americans are topped by billionaires from Seattle

The oldest is 94-year-old Alexander Spanos, one of the nation’s largest apartment developers and owner of the San Diego Chargers football team, who was worth an estimated $2.4 billion.
Posted: October 18, 2017, 8:02 am
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