Frank Mccourt Net Worth is$1.2 Billion
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deserves the money?
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Profession: Businessperson, Real estate developer
Date of Birth: 1953
Country: United States of America
We know you are more interested in the Celebrity Net Worth of Eminem than a wrinkled old couple in Los Angeles. We understand that some lame-o divorce story is not your cup of tea. Here's one reason why you should pay attention this time: $1.2 billion. That's the estimated net worth of Frank McCourt and his soon-to-be ex-wife Jamie. The couple, who met as students at Georgetown in the 1970's, spent thirty years building this nice little pot of dough. She began as a high-powered international and securities lawyer, he got his start developing commercial real estate in Boston. The McCourt duo eventually combined efforts and built a powerhouse real estate conglomerate. Bored with their success, in 2004 the McCourts moved to California with their four sons and bought the Los Angeles Dodgers for $430 million. Jamie became the CEO of the team and Frank got the official "Owner" title. The investment has been pretty successful: the team reached the divisional playoffs in 3 of the last 6 years, and they went to the National League Championship Series in 2008. Attendance has been on the rise despite a steady increase in ticket and concessions prices. We don't know when things started to get ugly. We do know that the pair agreed to keep their split a secret until after the end of the 2009 season. Mean old Frank didn't quite have his wife's stamina: he fired his wife as CEO just one day before the Dodgers were knocked out of the playoffs. Things have spun out of control very quickly in Los Angeles, thanks in part to the lack of a pre-nup. Frank alleges that Jamie never owned the Dodgers. Jamie, the securities lawyer, disagreed and demanded her job back. Frank claims she cheated on him with a Dodgers employee and charged the franchise for romantic getaways to Israel and France. Jamie wants spousal support of $487,634 per MONTH if she doesn't get her $2 million salary back. In addition to in this tidy monthly stipend, Mrs. M. wants free tickets to all NL games, access to team doctors, free autographs upon request, unlimited travel expenses and flowers in her office (awwww, gotta love the flower part). In addition to the Dodgers (estimated value $800 million), the couple is fighting over two homes in the Holmby Hills area of L.A., two beachfront homes in Malibu, an estate on Cape Cod, a home in Massachusetts, a condo in Vail, property at the ritzy Yellowstone Club in Montana and property in Cabo San Lucas, Mexico. This Dodgers Divorce Drama will almost certainly become more interesting in the next few weeks. We expect these old fogies still have a few tricks up their sleeves, and with $1.2 buh- buh- Billion at stake, the McCourts will be swinging for the fences.
Francis "Frank" McCourt (August 19, 1930 - July 19, 2009) was an Irish-American teacher and Pulitzer Prize-winning writer, best known as the author of Angela's Ashes, an award-winning, tragicomic memoir of the misery and squalor of his childhood.
Frank McCourt was born in Brooklyn, New York, on 19 August 1930 to father Malachy McCourt, an ex-IRA man from Antrim (1901-1985), and Irish Catholic mother Angela Sheehan from Limerick (1908-1981). Frank McCourt lived in New York with his parents and four younger siblings: Malachy, born in 1931; twins Oliver and Eugene, born in 1932; and a younger sister, Margaret, who died just a few months after birth. In the midst of the Great Depression, the family moved back to Ireland. Unable to find steady work in Belfast or Dublin and beset by Malachy Senior's alcoholism, the McCourt family returned to their mother's native Limerick, where they sank even deeper into poverty. They lived in a rain-soaked slum, the parents and children sharing one bed together, McCourt's father drinking away what little money they had. The twins Oliver and Eugene died in early childhood due to the squalor of their circumstances, and two more boys were born, Michael, who now lives in San Francisco, and Alphonsus, who lives in Manhattan. Frank McCourt himself nearly died of typhoid fever when he was 11.
McCourt related that when he was 11, his father left Limerick to find work in the factories of wartime Coventry, England, rarely sending back money to support his family. Eventually McCourt recounts that Malachy Senior abandoned Frank's mother altogether, leaving her to raise her four surviving children, on the edge of starvation, without any source of income. Frank's school education ended at age 13, when the Irish Christian Brothers ejected him. Frank then held odd jobs and stole bread and milk in an effort to provide for his mother and three surviving brothers.
In October 1949, at the age of 19, McCourt left Ireland, using money he had saved f

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Frank Mccourt Latest News

How Frank McCourt Made $2 Billion From The Los Angeles Dodgers And Team Remains Saddled With Debt

Here’s a step-by-step by-the-numbers on how Frank McCourt made a roughly $2 billion pretax profit (before attorney fees and paying former wife Jamie a $131 million settlement) from the Los Angeles Dodgers, and why the MLB team’s balance sheet carries ...
Posted: June 14, 2013, 5:00 pm

Ex-Marseille president Bernard Tapie sceptical of new owner Frank McCourt

After securing a point away at PSG in Ligue 1, Marseille coach Rudi Garcia claimed it was 'mission accomplished'. Former Marseille president Bernard Tapie has warned the club's fans not to get too excited until new owner Frank McCourt has delivered on his ...
Posted: October 25, 2016, 4:33 am

Marseille: Frank McCourt promises £180m investment after buying Ligue 1 club

American businessman Frank McCourt has bought French Ligue 1 club Marseille for 45m euros (£40.6m). McCourt, who previously owned the Los Angeles Dodgers, told L’Equipe he planned to invest 200m euros (£180m) in the club over the next four years.
Posted: October 17, 2016, 2:27 pm
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