Tom Benson Net Worth is$1.1 Billion
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Profession: Businessperson
Date of Birth: 1927
Net Worth: View Tom Benson Net Worth
Tom Benson, an American businessman best known for his ownership of NFL team the New Orleans Saints, has a net worth of $1.1 billion. His net worth has been accumulated through a variety of business ventures, starting with the fortune he made by investing in local banks during his time as the owner of several automobile dealerships. Despite his massive success he continues to retain ownership of several car dealerships, both in the greater New Orleans, Louisiana area and in the area around San Antonio, Texas. Benson courted controversy back in 2005 in the aftermath of Hurricane Katrina. After that storm made the New Orleans Superdome impossible for the New Orleans Saints to play in that season, he arranged for the team to temporarily find a new home in San Antonio. New Orleans residents were then shocked and outraged when the mayor of San Antonio made the claim that Benson was planning on permanently relocating the team to San Antonio – a claim that Benson eventually denied in a firm but non-committal fashion. In his most recent statement on the issue, he said that he was committed to keeping the Saints in New Orleans “forever, as long as the community commits to me.”
Tom Benson (born 1927) is the owner of the New Orleans Saints and New Orleans Hornets. He is currently the owner of several automobile dealerships in the Greater New Orleans and San Antonio areas. Benson became wealthy by investing profits from his automobile dealerships in local banks. He eventually purchased several small Southern banks and formed Benson Financial, which he sold to Wells Fargo in 1996.
Benson was born in New Orleans, Louisiana. He purchased the Saints from John Mecom in 1985 after he learned from Governor Edwin W. Edwards that the team was on the verge of being sold to parties interested in moving the team to Jacksonville, Florida. As a successful businessman, he recognized the economic implications of such a move not only for the city of New Orleans, but for the state of Louisiana as well, which was in the midst of a deep economic recession caused by plummeting crude oil prices. Ownership of the team was officially transferred to him on May 31, 1985.
Shortly after acquiring the Saints, he gained a reputation as one of the more popular and colorful owners in the league. He hired general manager Jim Finks and head coach Jim Mora, who led the Saints to their first winning season and playoff appearance.
His popularity later declined, however, after numerous attempts to persuade the state of Louisiana to construct a new stadium for the Saints to replace the aging Superdome, suggesting that he might move the team elsewhere if said stadium were not built. His popularity hit an all-time low in late 2005 after it appeared he was trying to move the team to San Antonio after Hurricane Katrina ravaged New Orleans. (See Relocation controversy below for more details.) He later stated that the Saints would return to New Orleans for the 2006 season, which they did.
In the early 1990s, he bought the Charlotte Knights AA minor league baseball team and moved them to New Orleans, renaming them the "Pelicans" after New Orleans' old minor league team. The

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Tom Benson Latest News

Sorensen classic: George Shinn was adamant Hornets nickname belongs to Charlotte

“It was never my name,” says Shinn. “It belonged to Charlotte.” It belongs to Tom Benson, who owns the name and the basketball team. To his credit, Benson would like a name that’s tethered to New Orleans. Rarely do names tied with one region work ...
Posted: October 19, 2016, 6:17 pm

Malone trainer plays role in NFL's battle with head injuries

which was canceled due to field issues at Tom Benson Stadium. Watson worked the Browns’ preseason game against the Chicago Bears and noted that the job of an ATC spotter isn’t simply identifying head injuries. “The way that it works is everyone ...
Posted: October 23, 2016, 8:47 am

2016-17 NBA season could make Pelicans GM Dell Demps, but probably won't break him

In most other organizations, a .423 winning percentage would have led to a pink slip. But Pelicans owner Tom Benson and vice president of basketball operations Mickey Loomis are traditionally patient people. Once infamous for his hair-trigger temper while ...
Posted: October 23, 2016, 2:27 pm
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