Stephen Bisciotti Net Worth & Biography

Stephen J. Bisciotti is a successful businessman and investor from the United States. He is the majority owner of the National Football League franchise Baltimore Ravens. This self-made billionaire hails from Maryland. He struggled in the early days of his career and finally made enough money in the staffing business to purchase his hometown football team the Baltimore Ravens in 2000 which he still controls to date as its majority owner. Before the acquisition of the sports franchise, Mr. Stephen did other jobs earlier on, including babysitting, pumping gas, and mowing lawns. When he was 23 years old, he started the staffing firm Aerotek in his apartment with the sum of $3,500 and now holds the majority share in staffing and recruiting firm Allegis Group. The below article contains information on the biography, career and financial data of Stephen Bisciotti compiled to give you a better understanding of the businessman’s successful business endeavors and earnings over time.

Early Life

Stephen Bisciotti was born in Philadelphia, Pennsylvania, United States, on April 10, 1960, into a middle-class Italian-American family. He was the youngest of three children who, in 1961, moved with their parents, Bernard and Patricia Bisciotti, to Severna Park, Maryland, for Bernard’s job as a construction sales executive.

When he was small, he went with other members of his family to Baltimore Orioles and Colts games often. He was 8 years old when his father died of leukemia.

He attended the Severn School but transferred to Severna Park High School after two years. In his senior year, he played football for the school team, and also tried baseball and basketball.

After high school, he enrolled in Salisbury State University in Maryland, graduating in 1982 with a degree in liberal arts.

Professional Life: Businesses, Investments

A year after graduating from Salisbury State University, Stephen J. Bisciotti, 23 years old at the time, teamed up with his cousin Jim Davis and started Aerotek, a staffing firm in the aerospace and technology sectors. Running the firm out of a basement office with secondhand equipment, the two young men produced an estimated $1.5 million in sales in the first year. Their company grew into the Allegis Group, which is the largest privately-held staffing company in the world today.

The Allegis Group is an international talent management company headquartered in Hanover, Maryland that owns Allegis Global Solutions, Aerotek, TEKsystems, MarketSource, and Aston Carter.

Stephen Bisciotti’s involvement in the sports industry has brought more attention than expected to his once low-profile company. On March 27, 2000, he paid for 49 percent of the Baltimore Ravens football team in a deal that gave him the option of purchasing the remaining 51 percent for $325 million in 2004. The Ravens won the Super Bowl in 2001, and in 2004, the NFL approved his acquisition of the majority stake in the club.

In 2005, Forbes magazine ranked Mr. Bisciotti among the 400 richest Americans. His fortune has increased since that time. He is still concerned with his businesses and investments, particularly as the majority owner of the National Football League franchise Baltimore Ravens and as chair of Aerotek and the Allegis Group.

Personal Life

The businessman, Stephen Bisciotti, is married to his wife of many years, Renee (Foote) Bisciotti. They have two sons together. The family resides in Maryland, where most of Stephen’s business assets are located.

Mr. Bisciotti, a Catholic, currently serves on the boards of the Mother Seton Academy and Associated Catholic Charities as a member. In addition to owning the Baltimore Ravens and associated assets valued at $3 billion as of this writing, the businessman also owns two Dassault Falcon private jets and a yacht named “Winning Drive”. In his spare time, he is known for golfing and boating.

Stephen Bisciotti Net Worth

Stephen Bisciotti’s net worth of $4 billion dollars makes him one of the wealthiest businesspersons in Maryland. An alumnus of Salisbury State University, Stephen found his way to success by navigating the quite competitive business industry. He has gone so far in his life and his accomplishments as a person serve as the proof of all the hard work he has put into everything he does if anyone is asking.

After doing a number of small jobs during his teens, Stephen started his first company, Aerotek, when he was barely 23 years old. That company grew into the highly successful Allegis Group which is currently rated as the largest staffing company in the United States. In addition to that, one of his business investments from which he earns his income is the Baltimore Ravens football team of the National Football League which he currently controls as majority owner and chairman.