Ted Leonsis Net Worth & Biography
|Popular Name:||Ted Leonsis|
|Real Name:||Theodore John Leonsis|
|Birth Date:||January 8, 1957|
|Birth Place:||New York City, New York, United States|
|Spouse(s):||Lynn Leonsis (1987–present)|
|Profession:||Businessman, Entrepreneur, Investor|
|Net Worth:||$1 Billion|
Ted Leonsis is a businessman, investor, filmmaker, and former politician from the United States of America. He is the founder, chairman, and chief executive officer of Monumental Sports & Entertainment, and a former senior executive with America Online (AOL). He is also an investor and one of the founding members of the Revolution Growth Fund which holds stakes in CustomInk, Optoro, FedBid, and Resonate Insights. Ted is also the founder and chairman of SnagFilms. He is also an acclaimed author, having published the book titled The Business of Happiness (2010). An Internet industry pioneer, Mr. Leonsis helped build American Online into a global phenomenon. He is a serial entrepreneur who has established and sold numerous successful businesses over thirty years.
In addition to all the aforementioned endeavors, Mr. Leonsis serves on the board of governors for the National Hockey League and the National Basketball Association, and also serves on the executive committee of the National Hockey League. He sits on the board of directors of several top companies ranging from Groupon to American Express. His company SnagFilms is the internet’s leading website for online audiences to discover, watch, and share documentary films. As a film producer, Ted was behind the production of award-winning documentary films like “A Fighting Chance”, “Kicking It”, and “Nanking”. He has racked up numerous accolades in business and in entertainment as well, including being named as one of the top 10 entrepreneurs of the year, one of the top 20 most influential people in sports, Washingtonian of the Year, and Washington’s Businessman of the Year. More details follow below.
Early Life: Childhood, Education
He was born Theodore John Leonsis in the Brooklyn borough of New York City, New York, United States, on January 8, 1957, to a family of Greek immigrant parents.
When his high school guidance counselor assessed his skill set, the counselor determined that young Ted was predestined to work in a grocery store. He mowed lawns during his youth for extra money. One day while doing his job, he stumbled upon mowing the lawn that was owned by Jim Shannon, a rich stockbroker and Georgetown alumnus. Impressed by the young Leonsis, Jim helped him gain admission into Georgetown University.
After completing a few years at Brooklyn Technical High School, Ted moved to attend Lowell High School in Lowell, Massachusetts, from where he graduated in 1973. He was the first in his whole family to go to college when he attended Georgetown University for his undergraduate education, majoring in American Studies. He graduated top of his class in 1977.
Professional Life: Businesses
After graduating from college, Ted Leonis moved back to his parents’ residence in Lowell and started working as a corporate communications manager for Wang Laboratories. He also worked as a marketing executive for Harris Corporation.
He makes his wealth from his career, which can be described as successful, by all standards.
He made many investments in sports teams, films, and internet ventures. In 2010, he published his first book “The Business of Happiness”. He is an Internet industry pioneer who played a significant role in turning America Online (AOL) into a global phenomenon. His early media company, Redgate Communications, was in 1994, acquired by America Online. He held the position of a senior executive at America Online for the next thirteen years.
Over the last forty years, this businessman has proven to the world that he is a serial entrepreneur, evidenced by the numerous successful businesses that he has built and sold. As the founder, majority owner, chairman, and chief executive officer of Monumental Sports & Entertainment, Ted owns and operates the Washington Capitals of the National Hockey League, Washington Wizards of the National Basketball Association, Washington Mystics of the Women’s National Basketball Association, and the Verizon Center.
Through his position as a venture capital investor, Ted has made numerous investments on his own. He also became a partner in the newly formed “speed-up capital” Revolution Growth Fund II. In addition, he is also an acknowledged producer of documentary films, and the founder, chairman, and majority shareholder of SnagFilms.
Personal Life: Family, Residence, Charity Works
A native New Yorker, Ted Leonis later lived in Lowell, Massachusetts, where he experienced his childhood and also completed his high school studies. At this moment, he resides in McLean, Virginia, and Vero Beach, Florida, with his immediate family, made up of his wife and their two children.
Even though the number of the non-profits and charities that he supported is constantly growing, Mr. Leonsis’s highlighted philanthropic causes include Venture Philanthropy Partners, See Forever Foundation, DC Central Kitchen, Best Buddies, and many more.
Ted Leonsis Net Worth: Salary, Income Sources, Assets
As established at the beginning of this report, Ted is the founder, chairman, and chief executive officer of Monumental Sports & Entertainment, and for a man as versatile and deeply concerned with numerous endeavours like Ted Leonsis, it is nearly impossible to estimate how much he makes as salary at the end of the day. However, as of this writing, Mr Leonsis has a net worth of $1 billion. He makes his wealth as a sports team owner, investor, filmmaker, and author, with a steady inflow of cash from numerous business endeavours. He is also a respected philanthropist who likes to dedicate his time, efforts and wealth towards supporting numerous causes in society.