Theodore N. Lerner is a former chief principal owner of the Washington Nationals baseball club and an American real estate developer.
Lerner has owned the Washington Nationals baseball franchise since 2006. Ted handed up the leadership of the team to his son Mark in June 2018.
His family supports nonprofits such as the Children’s National Hospital in Washington, DC, George Washington University, and the Hebrew University in Jerusalem.
How did Ted Lerner make his money?
Lerner sold real estate on weekends throughout law school to support his widowed mother and younger siblings.
When Ted was 26, borrowed $250 from his wife in 1952 to build a real estate firm that marketed homes for developers.
He sold 22,000 properties before deciding to become a developer. His Lerner Enterprises is now one of the major real estate owners in the Washington, D.C. province.
How much is the Lerner family worth?
Ted Lerner is known to be one of the rich guys in the world.
He is worth about $ 5 biliion.
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