Stephen Bisciotti Net Worth is$1.4 Billion
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Stephen Bisciotti net worth: Stephen Bisciotti's net worth is $1.4 billion dollars which makes him one of the richest people in Maryland. Born in Philadelphia, Pennsylvania, Stephen Bisciotti graduated from Salisbury State University, and launched a staffing company in his basement with his cousin. The company, called Aerotek, supplied staff for the technology and aerospace sectors. Aerotek has since grown into the highly successful Allegis Group, a multi-million dollar staffing firm that is currently the largest in the United States. In the spring of 2000, Mr. Bisciotti purchased 49% of the Baltimore Ravens. Four years later, he purchased the remaining 51% for $325 million dollars. In 2004, he also built a technologically advanced training facility for the Ravens, nicknamed "The Castle". He is the second youngest owner of a football team in the NHL, and is known for golfing and boating in his spare team. In addition to his love of football, he is also a fan of the University of Maryland's men's basketball team.
Stephen J. Bisciotti (born April 10, 1960 in Philadelphia) is the current majority owner of the Baltimore Ravens of the National Football League.
Steve Bisciotti came from a working-class family in a Baltimore suburb. His parents, Bernard and Patricia Bisciotti, moved to Severna Park, Maryland, in March 1961. His father died of leukemia when Steve was eight.
Growing up, Bisciotti loved sports. His father took the children to Baltimore Orioles and Colts games. In his senior year at Severna Park High School, he played on the football team, though he has said he "wasn't much of a high school athlete."
In 1982, Bisciotti graduated from Salisbury State University in Maryland with a degree in liberal arts. A year later, at 23, he and his cousin Jim Davis started Aerotek, a staffing company in the aerospace and technology sectors. Running the company out of a basement office with secondhand equipment, Bisciotti and Davis produced $1.5 million in sales in the first year. Aerotek grew into the Allegis Group, which is now the largest privately held staffing firm in the United States and 6th in the world. Bisciotti's involvement in the sports business has brought more attention to his once low profile company.
On March 27, 2000, NFL owners approved the sale of 49% of the Ravens to Bisciotti. In the deal, Bisciotti had an option to purchase the remaining 51% for $325 million in 2004 from Art Modell. On April 9, 2004 the NFL approved Steve Bisciotti's purchase of the majority stake in the club.
One of the first projects Bisciotti directed as owner of the Ravens was to build the team's state-of-the-art training and practice facility, dubbed "The Castle," which opened in October 2004.
His stewardship of the Ravens has been calm and professional, often serving as a sharp counterpoint (if not a deliberate one) to the chaos involving the Washington Redskins under the ownership of Daniel Snyder, and trusting in the universally respected management of GM Ozzie Newsome

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Stephen Bisciotti Latest News

Nine Maxim Healthcare employees charged as company reaches $150M settlement in fraud case

The U.S. Attorney’s office this morning is expected to announce the settlement with Maxim Healthcare, a Maryland-based medical ... than 300 offices across the country, was founded by Stephen Bisciotti, the majority owner of the Baltimore Ravens.
Posted: September 12, 2011, 3:52 pm

Ravens’ Owner Apologizes And Admits Organizational Errors; Did Jed York Read This Letter?

Late Tuesday afternoon, Baltimore Ravens owner Stephen Bisciotti posted a letter to fans on the NFL team’s website regarding the Ray Rice domestic violence fiasco with his wife, Janay. The letter is instructive and a clear admission of guilt on the ...
Posted: September 9, 2014, 11:13 pm

Colin Kaepernick Had Direct Talks with Ravens, Team 'Weighing Decision'

Ravens owner Stephen Bisciotti said Sunday such a move would "upset some people," per Martin. "I hope we do what is best for the team and balance that with what is best for our fans," Bisciotti said, via Martin. "Your opinions matter to us. We're very ...
Posted: July 30, 2017, 2:40 pm
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