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From 2007 onward, George ceded most day-to-day control of the Yankees to Hal and Hank due to failing health. [11] During his stewardship of the Yankees, Hank, like his father, gained a reputation for being outspoken. [12] He was at times criticized by many New York sports columnists for his off-the-cuff remarks that seemed to lack forethought. [13]
After George's death, Hal Steinbrenner, his son, became the chairman of the Yankees. The Steinbrenner family also has financial interests in real estate, horse racing, and automobile racing. Forbes estimated the Steinbrenner family to be worth $3.8 billion in 2015, making them the 75th richest family in the United States. [1]
Net worth: $2 billion (2020) Purchase price: $173 million (1993) Current franchise valuation: $1.4 billion. ... Steinbrenner, 52, and his brother, Hank, who died in 2020, inherited the team from ...
Steinbrenner's estimated net worth was $1.15 billion in 2009 according to the Forbes 400 List in Forbes magazine issued in September 2009. [51] He was the first owner of a baseball team to sell cable TV rights (to MSG Network). [52]
David Duffield has a net worth of $14.4 billion and is at No. 158. He cofounded two software enterprises, PeopleSoft and WorkDay. He sold PeopleSoft to Oracle for $10.7 billion in 2005.
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While Steinbrenner initially owned less than half of the team, he bought out many of his partners, eventually owning 70% of the team. [10] [11] John McMullen, one of Steinbrenner's limited partners, said, "There is nothing in life quite so limited as being a limited partner of George Steinbrenner." [12]
Derek Jeter's mansion, in Tampa, Fla., is making headlines almost as big as the star shortstop usually does. On Monday, New York Yankees owner Hank Steinbrenner responded to a reporter's question ...