Ted Leonsis Net Worth is$1 Billion
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Profession: Entrepreneur, Businessperson, Investor, Philanthropist
Date of Birth: Jan 8, 1957
Nicknames: Theodore Leonsis
Country: United States of America
Ted Leonsis is a major investor with a net worth of $1 billion. Ted Leonsis earned his net worth through the many investments in sports teams, films and as the author of "The Business of Happiness." He was born in Brooklyn, New York.
Theodore John Leonsis (born January 8, 1957 in Brooklyn, New York) is an Internet pioneer, sports team owner, venture capital investor, filmmaker, author and philanthropist. His early new media company, Redgate Communications was acquired by America Online in 1994, and Leonsis became a senior AOL executive for the next 13 years. He is the majority owner of the NHL's Washington Capitals, the NBA's Washington Wizards, the WNBA's Washington Mystics and the Verizon Center in Washington, DC. He serves as Founder and Chairman of SnagFilms, vice chairman of Groupon and on the board of American Express and other companies. Leonsis has produced documentary films such as the Peabody and the Emmy Award-winning Nanking and is the author of The Business of Happiness.
Leonsis was born to Greek American parents in Brooklyn, and spent his early years there. His parents worked as a waiter and a secretary. After skipping 8th grade, Leonsis attended Brooklyn Technical High School but before graduation, his family moved back to their hometown of Lowell, Massachusetts. He graduated from Lowell High School in 1973 and Georgetown University in 1977. After graduation, Leonsis moved back to his parents' home in Lowell and began working for Wang Laboratories. In 2005, he was honored as one of Lowell High School's Distinguished Alumni for reaching the highest level of accomplishment and possessing the highest standards of integrity and character.
After surviving an airplane crash landing in 1983, he drafted a list of 101 things to do in life and has completed many of the tasks, including owning a sports franchise.
His career with AOL started in 1993 when AOL purchased his marketing company, Redgate Communications Corp. to help AOL compete with Microsoft. Under his leadership, AOL increased its membership from under 800,000 members to over 8 million, and their annual revenue increased from $100 million to $1.5 billion. He held numerous positions at AOL during his years there, completi

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Ted Leonsis Latest News

Ted Leonsis sells Nantucket mansion for $8.5M

Sports and venture capital magnate Ted Leonsis and his wife, Lynn, have sold their sprawling Nantucket mansion for $8.5 million to an unknown buyer, according to a Nantucket County deed. The couple's three-level, five-bedroom home is located on Rabbit Run ...
Posted: October 19, 2016, 10:23 pm

Is Leonsis’ deal the new model?

One of the sports industry’s most visionary executives, Capitals and Wizards owner Ted Leonsis, made a big bet on the future of traditional television last week. Leonsis’ launch of a localized over-the-top service, Monument...
Posted: October 17, 2016, 3:48 am

Opening Statements: Wizards vs. Raptors — The Final Preseason Game

And while the business operations of the team has been more sound under Ted Leonsis’ “double bottom-line” — although, one could certainly question how sound of a business decision it was to invest in an Arena Football League team (the AFL might not ...
Posted: October 21, 2016, 2:16 pm
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