Businesspersons
Jerry Reinsdorf Net Worth
Jerry M. Reinsdorf's Net Worth as of 2024
$350 Million
Jerry M. Reinsdorf was born on the 25th February 1936, in Brooklyn, New York City USA, of Jewish ancestry. He is a certified public accountant, lawyer and businessman, but best known for his ownship of the basketball team the Chicago Bulls (NBA) and the baseball team the Chicago White Sox (MLB). For his great contribution to basketball, Jerry Reinsdorf was inducted into the Naismith Memorial Basketball Hall of Fame in 2016.
How much is the net worth of Jerry Reinsdorf? It has been estimated by sources that the overall size of his wealth is as much as $350 million, as of the data presented in mid-2016. The main sources of his wealth are basketball and baseball.
Jerry Reinsdorf Net Worth $350 Million
To begin with, he was educated at Erasmus Hall High School, and then he graduated from George Washington University earning Bachelor’s degree; later, he graduated from Northwestern University School of Law in 1960. Initially, Reinsdorf pursued his career as a tax attorney working for the revenue service of the US federal government. Four years later in 1964, he decided to go into private practice, and Reinsdorf subsequently earned a fortune from real estate using tax shelters. He sold his business to Shearson Lehman Brothers in 1982, receiving $102 million.
Prior to selling his business, in 1981 he purchased the franchise of the White Sox, paying $19 million. In 1983 the above mentioned baseball team set the best record in MLB, and in 2005, the team won the World Series – the last time it had won the title was in 1917. The owner of the team built a new stadium with the owner of ice-hockey team the Chicago Blackhawks, which was named United Center. The agreements for leasing spectator boxes, etc substantially boosted Reinhold’s net worth over many years. However, the baseball team is consistently successful, and retains its fan base.
Reinsdorf is considered to be an influential personality in baseball, although he is way more influential in another sphere – basketball. In 1985, he became the chairman and the owner of the basketball team the Chicago Bulls. The team managed to win six NBA championships in the 1990’s, however, Jerry Reinsdorf encountered many controversies concerning not re-hiring such key figures as the professional star shooting guard Michael Jordan as well as the coach Phil Jackson. To add more, Reinsdorf initiated the rules that place a limit on the amount of money that a team is allowed to spend on player salaries, as well as the distribution of losses and profits among stakeholders.
As a highly respected person, he was inducted into the Wisconsin Baseball Hall of Fame in 2006. For his philanthropic efforts Jerry Reinsdorf was awarded the Jefferson Award for Public Service in 2011. Additionally, he serves on the board of directors of Shearson Lehman Brothers, Inc., Equity Office Properties, LaSalle Bank, the Northwestern University Law School Alumni Association and other organizations. Furthermore, Jerry Reinsdorf in a partnership with John Kaites, David Aguilar, Dennis Burke, Mark Sullivan and Noah Kroloff has launched a business advisory and security consulting company, Global Security and Innovative Strategies.
Finally, in the personal life of the businessman, he married Martyl F. Rifkin in 1956. They have four children Michael Andrew, Jonathan Milton, Susan Janeen and David Jason, but the latter passed away. Currently, Reinsdorf resides in Chicago, Illinois.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Alexis Ohanian Net Worth
Alexis Ohanian was born on 24 April 1983 in New York City USA, of Armenian and German heritage. He is perhaps best known as a co-founder of the social news and networking website Reddit. He has also helped in launching the online travel company Hipmunk and created Breadpig, a company which sells “geeky” merchandise and gives a lot of its profit to charities.
So how rich is Alexis Ohanian? Sources estimate his current net worth to be $4 million. Most of his wealth has been accumulated by working on Reddit and Breadpig.
Alexis Ohanian Net Worth $4 Million
Alex Ohanian studied at the University of Virginia and after graduating in 2005 he, together with Aaron Swartz and Steve Huffman created Reddit. The company was bought by Conde Nast Publications, but Ohanian still had great influence as one of the people in Reddit’s Board of Directors. Of course, Alexis’ net worth rose significantly.
Alexis created another company, with the strange name Breadpig in 2007. This company mostly concentrates on selling “geeky” merchandise and has an unusual approach to business, claiming to be an “uncorporation”, which means that they try to use the earned money to support charities and other projects. Alexis decided to leave the Reddit’s team in 2009. A year later Ohanian became an advisor to the Hipmunk website and helped to launch it.
Apart from being known as a businessman leading great internet websites which have built most of his net worth, Ohanian is also known as a social activist. Between 2010 and 2012, the Internet users were threatened by the SOPA (Stop Internet Piracy Act) and PIPA (Protect IP Act). Ohanian was an outspoken activist against these acts and was one of the key people who helped to vote down these bills. After these events, Ohanian was chosen as the first on The Daily Dot’s list of “Most influential activists of 2012”. While these social acts did not necessarily help to directly raise his net worth, they certainly helped to raise Ohanian’s popularity and earned him a lot of fans on the Internet.
In 2013, Ohanian published his first book, entitled “Without Their Permission: How the 21st Century Will Be Made, Not Managed” which made it to #5 on the Hardcover Business best sellers list in the Wall Street Journal. In the same year, Ohanian started his own web series, called “Small Empires with Alexis Ohanian”.
Ohanian has also been a part of two radio podcast shows: NYRD Radio in 2014 and Upvoted which started in 2015, and is strongly related to Reddit as it examines some of the stories found on that website. All of these endeavors have helped to increase Ohanian’s net worth.
In his personal life, Alexis Ohanian is not married yet. During the time-off from his businesses and projects, Alexis speaks at lectures and conferences in various universities, also on some of the most influential companies such as Google, Kraft, Johnson & Johnson and others.
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