Ted Leonsis Net Worth is$1 Billion
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Profession: Entrepreneur, Businessperson, Investor, Philanthropist

Date of Birth: Jan 8, 1957

Nicknames: Theodore Leonsis

Country: United States of America

Ted Leonsis is a major investor with a net worth of $1 billion. Ted Leonsis earned his net worth through the many investments in sports teams, films and as the author of "The Business of Happiness." He was born in Brooklyn, New York.
Theodore John Leonsis (born January 8, 1957 in Brooklyn, New York) is an Internet pioneer, sports team owner, venture capital investor, filmmaker, author and philanthropist. His early new media company, Redgate Communications was acquired by America Online in 1994, and Leonsis became a senior AOL executive for the next 13 years. He is the majority owner of the NHL's Washington Capitals, the NBA's Washington Wizards, the WNBA's Washington Mystics and the Verizon Center in Washington, DC. He serves as Founder and Chairman of SnagFilms, vice chairman of Groupon and on the board of American Express and other companies. Leonsis has produced documentary films such as the Peabody and the Emmy Award-winning Nanking and is the author of The Business of Happiness.
Leonsis was born to Greek American parents in Brooklyn, and spent his early years there. His parents worked as a waiter and a secretary. After skipping 8th grade, Leonsis attended Brooklyn Technical High School but before graduation, his family moved back to their hometown of Lowell, Massachusetts. He graduated from Lowell High School in 1973 and Georgetown University in 1977. After graduation, Leonsis moved back to his parents' home in Lowell and began working for Wang Laboratories. In 2005, he was honored as one of Lowell High School's Distinguished Alumni for reaching the highest level of accomplishment and possessing the highest standards of integrity and character.
After surviving an airplane crash landing in 1983, he drafted a list of 101 things to do in life and has completed many of the tasks, including owning a sports franchise.
His career with AOL started in 1993 when AOL purchased his marketing company, Redgate Communications Corp. to help AOL compete with Microsoft. Under his leadership, AOL increased its membership from under 800,000 members to over 8 million, and their annual revenue increased from $100 million to $1.5 billion. He held numerous positions at AOL during his years there, completi

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Ted Leonsis Latest News

Hey Winter Olympic Hopefuls! How About What The NHL Fans Think?

If that wasn’t enough, Capitals owner Ted Leonsis has all but said that he will allow Ovechkin to play for Team Russia, ignoring the NHL’s mandate. “It’s not a tough spot for me,” Leonsis told reporters in his following the Board of Governors ...
Posted: August 18, 2017, 7:30 am

Mr. (Team) President: Dick Patrick’s Dedication to the Capitals Has Been A Key to Their Success

They’ve had just two owners (Abe Pollin from 1974-99 and Ted Leonsis from 1999-Present), and have only played in two arenas (the legendary Capital Centre and the newly-christened Capital One Arena). One of the constants in over 30 years of their 43 ...
Posted: August 11, 2017, 1:08 pm

Just like that, Washington, D.C.'s Verizon Center becomes Capital One Arena

WASHINGTON — The downtown home of the NBA's Wizards and NHL's Capitals is now called Capital One Arena. Owner Ted Leonsis announced the change from Verizon Center today, along with an investment of $40 million in the arena. Leonsis' Monumental Sports ...
Posted: August 10, 2017, 8:34 pm

Digi.me and Personal merge to put you in control of the nascent ‘personal data ecosystem’

Investors include Omidyar Network (the self-styled “philanthropic investment firm” co-founded by eBay founder Pierre Omidya), SwissRe, Planetary Holdings, TCS Capital Management, Allen & Company, Revolution Ventures, Ted Leonsis, and Esther Dyson.
Posted: August 17, 2017, 2:08 am

Capital One Gets Wizards Arena Name Rights in Deal With Leonsis

The 20,000-seat arena in the city’s Chinatown neighborhood will be called Capital One Arena immediately, according to a statement from Ted Leonsis-owned Monumental Sports and Entertainment, the parent company of the teams and building that also houses ...
Posted: August 9, 2017, 5:00 am
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