George Steinbrenner Net Worth
George Steinbrenner was born in Ohio and has an estimated net worth of $1.4 billion dollars. George Steinbrenner was the owner of the New York Yankees for 37 years until he passed away in his home at the age of 80. He was nicknamed "The Boss" due to his hands-on management style, and his tenure as the Yankee's owner is the longest in club history. Steinbrenner's first attempt at owning a sports franchise occurred when he bought the Cleveland Pipers, a basketball team that was part of the old, and now-defunct, American Basketball League. Steinbrenner, along with several partners, purchased The New York Yankees from CBS Broadcasting in 1973 for only $10 million. The team is now worth in excess of $1.5 billion. The team has won 11 pennants and 7 World Championships under his ownership. Steinbrenner was the first owner to sell broadcast rights to Cable TV, creating a new income stream enjoyed by many teams today. He is also involved in the sport of thoroughbred racing. Forbes Magazine has him at Number 380 on its list of the 400 Richest Americans.