Ted Lerner & family

$4.50 B

Ranked #637 in World

About Ted Lerner & family

Theodore Nathan Lerner (1925-2023), an eminent American real estate magnate and the principal managing owner of the Washington Nationals, left an indelible mark on both the sports and real estate landscapes. As the founder of Lerner Enterprises, he became the largest private landowner in the Washington metropolitan area, with significant developments such as Chelsea Piers. Lerner's legacy extends beyond his business achievements; his philanthropic efforts through the Annette M. and Theodore N. Lerner Family Foundation have supported numerous organizations, including the founding of the United States Holocaust Memorial Museum. Born into an Orthodox Jewish family and a World War II veteran, Lerner's journey from a $250 loan to becoming Maryland's wealthiest person by Forbes in 2015 is a testament to his remarkable vision and determination. His contributions to Washington's sporting community, including his role in Monumental Sports & Entertainment and leading the Nationals to a World Series victory in 2019, are celebrated by many. Lerner passed away at 97, leaving behind a rich legacy marked by professional success and committed philanthropy.

Born

October 15, 1925 in Washington, D.C., U.S.

Died

February 12, 2023 (aged 97)

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Education

Associate in Arts/Science, George Washington University; LLB, George Washington University

Spouse

Annette Lerner (Married: 1951)

Children

3, including Mark

Theodore Nathan Lerner was born on October 16, 1925, in Washington, D.C., to an Orthodox Jewish family. He grew up in Northwest Washington and attended local schools, graduating from Roosevelt High School in 1944. After high school, Lerner served in the U.S. Army during World War II. Following his military service, he enrolled at George Washington University, where he earned an Associate of Arts and an L.L.B.

Ted Lerner & family: Family

Lerner married Annette M. Lerner in 1951, and they had three children together: Mark, Debra, and Marla. The couple had nine grandchildren and 11 great-grandchildren. Lerner's daughter, Marla Lerner Tanenbaum, chairs the family foundation and various philanthropic initiatives.

Ted Lerner & family: Career Highlights

Lerner founded Lerner Enterprises in 1952 with a $250 loan from his wife. Over the years, he developed various properties, including Chelsea Piers in New York City, Tysons II, White Flint, and Dulles Town Center. He also played a role in developing other shopping centers in the Washington area. The headquarters of Lerner Enterprises was the first LEED platinum certified multi-tenant commercial building in the D.C. area.

Ted Lerner & family: Companies

Lerner was the founder and managing principal of Lerner Enterprises, the largest private landowner in the Washington metropolitan area. He also had stakes in Monumental Sports & Entertainment, which owns several sports teams in Washington, D.C., including the Washington Capitals (NHL), Washington Mystics (WNBA), Washington Wizards (NBA), and Capital One Arena.

Ted Lerner & family: Major Achievements

Lerner was a successful real estate developer and entrepreneur. He was named the richest person in Maryland by Forbes magazine in 2015. He also played a significant role in bringing Major League Baseball back to Washington, D.C., when he purchased the Montreal Expos franchise in 2006 and renamed it the Washington Nationals. The Nationals won four National League East division championships and appeared in the postseason five times under Lerner's ownership.

They also won a World Series ring when they defeated the Houston Astros in 2019.

Ted Lerner & family: Awards & Achievements

Lerner received numerous awards and accolades throughout his career. He was inducted into the Washington Business Hall of Fame, Jewish Community Center of Greater Washington Sports Hall of Fame, and Washington DC Sports Hall of Fame. He also received the Golden Plate Award of Excellence from the American Academy of Achievement in 1990.

Ted Lerner & family: Personal Life & Legacy

Lerner was known for his philanthropy and support of various organizations. He and his wife, Annette, established the Annette M. and Theodore N. Lerner Family Foundation, which supports various causes. They were also founding members of the United States Holocaust Memorial Museum in Washington, D.C. Lerner passed away from pneumonia at his home in Chevy Chase, Maryland, on February 23, 2023, at the age of 97.

Ted Lerner & family: Trivia

Lerner was a lifelong fan of the Washington Redskins (now the Washington Commanders) and the Washington Capitals. He also enjoyed playing tennis and golf.

Wealth History

Timeline

1925

Theodore Nathan Lerner is born in Northwest Washington D.C.

1944

Graduates from Roosevelt High School and serves in the U.S. Army during World War II.

1951

Marries Annette M. Lerner and has three children: Mark, Debra, and Marla.

1952

Founds Lerner Enterprises with a $250 loan from his wife.

1990

Receives the Golden Plate Award of Excellence from the American Academy of Achievement.

2006

Purchases the Montreal Expos franchise and renames it the Washington Nationals.

2015

Named the richest person in Maryland by Forbes magazine.

2018

Retires as managing principal owner of the Washington Nationals, succeeded by his son Mark Lerner.

2019

The Washington Nationals win the World Series, defeating the Houston Astros.

2023

Theodore Nathan Lerner passes away from pneumonia at his home in Chevy Chase, Maryland, at age 97.

Ted Lerner & family : FAQs

What is Ted Lerner's net worth?

As of 2022, Ted Lerner's net worth was $4.50 billion.

What are Ted Lerner's main sources of wealth?

Ted Lerner's main source of income comes from Real Estate.

In which industry does Ted Lerner primarily operate?

Ted Lerner is primarily involved in the Real Estate industry.

What is Ted Lerner educational background?

Ted Lerner holds a Associate in Arts/Science from George Washington University and a LLB from George Washington University.

Is Ted Lerner dead?

Yes, Ted Lerner died on February 12, 2023 (aged 97).

How many children does Ted Lerner have?

Ted Lerner has 3 children.

Who was Theodore Nathan Lerner and what was his major contribution to the Washington metropolitan area?

Theodore Nathan Lerner was an American real estate developer and the managing principal owner of the Washington Nationals baseball team. He founded Lerner Enterprises, the largest private landowner in the Washington metropolitan area, developing commercial, retail, residential, and hotel properties, including Chelsea Piers in New York City.

What were the significant achievements of Theodore Lerner's career in real estate?

Theodore Lerner founded Lerner Enterprises in 1952, significantly impacting real estate development with projects like Chelsea Piers, Tysons II, White Flint, and Dulles Town Center. His role in developing shopping centers in the Washington area and establishing the headquarters of Lerner Enterprises as the first LEED platinum certified multi-tenant commercial building in the D.C. area were among his major achievements.

What was Theodore Lerner's role and achievements with the Washington Nationals?

Theodore Lerner purchased the Montreal Expos franchise in 2006, renaming it the Washington Nationals and becoming its majority owner. During his tenure, the Nationals won four National League East division championships, appeared in the postseason five times, and won the World Series in 2019.

How did Theodore Lerner contribute to philanthropy and the community?

Through the Annette M. and Theodore N. Lerner Family Foundation, Theodore Lerner supported various organizations and was a founding member of the United States Holocaust Memorial Museum in Washington, D.C. His philanthropic efforts earned him numerous accolades, including induction into several halls of fame and the Golden Plate Award of Excellence.