Randy Lerner Net Worth is
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Randolph D. Lerner (born February 21, 1962) is an American entrepreneur and sports team owner. He was the majority owner of the American football team, the Cleveland Browns, of the National Football League upon the death of his father Alfred "Al" Lerner in October 2002, until August 2012, and has been the Chairman of Aston Villa Football Club of the Premier League since 2006. His personal fortune was estimated at GBP over 1.1 billion in 2013.


Lerner graduated from Columbia University in 1984, spending 1983 at Clare College in Cambridge, England. He graduated from Columbia Law School and is a member of the New York and District of Columbia Bar Associations. Prior to entering the business world, he worked as a lawyer in New York City.
Lerner's business career began at the Progressive Corporation as an investment analyst. In 1991, he started an independent investment firm with Progressive capital called Securities Advisors, Inc. (SAI), which he owned and managed until 2001. SAI initially specialized in arbitrage before shifting its focus to equity investing.
His father Al Lerner became chairman of MBNA Corporation investing $800 million of his own money in the initial public offering (IPO) of the corporation. In 1993, Randy became a director at MBNA. Upon the death of his father on October 23, 2002, Randy became company chairman. He was involved in the sale of MBNA Corporation on January 1, 2006 to Bank of America for $35 billion.
Control of the Browns was given to Lerner, when his father, Al Lerner, died in October 2002 ??? four years to the day after he was awarded the new Browns franchise. Lerner also served as a member of the National Football League's Business Ventures Committee. Lerner was generally a low-key owner during the time he controlled the Browns franchise. In 2012, Lerner sold the team to businessman Jimmy Haslam.
During his time at Cambridge Lerner followed English football (soccer), taking an interest in three teams: Arsenal, Fu

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Randy Lerner Latest News

3rd Circ. Slams Duo's 'Vulgar' Bid To Sanction Morgan Lewis

"We have done so here, but the Paiges’ filings are beyond the pale of zealous advocacy." Lerner Master Fund — the investment arm for Randy Lerner, former owner of the Cleveland Browns — had been a $40 ...
Posted: September 27, 2018, 5:37 pm

Former Aston Villa chairman Ellis dies aged 94

In 2006, Ellis sold the club to American billionaire Randy Lerner, with Villa having won the League Cup three times over his two spells and finishing runners-up in the first season of the Premier Leag...
Posted: October 11, 2018, 4:39 am

Tributes paid to former Aston Villa owner Sir Doug Ellis

Ellis, who made his fortune in the travel industry, was twice chairman of the Birmingham club, between 1968 and 1975 and again from 1982 to 2006, when he sold the club to Randy Lerner. The entrepreneu...
Posted: October 12, 2018, 1:58 am
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