Alexander Spanos Net Worth
Alexander Spanos Net Worth: Alexander Spanos is an American real estate developer who has a net worth of $1.1 billion. A self-made billionaire, he was the one to set up A. G. Spanos Companie, a builder of multifamily residences, commercial buildings and communities. Also, he is the owner of a professional football team, the San Diego Chargers, who continue to be the only NFL team based in Southern California. Born Alexander Gus Spanos on September 28, 1923 in Stockton, California to Greek immigrants, he was only eight years old when he started working at his parents' bakery. Next, he dropped out of college, joined briefly the Army Air Force and served as a tail gunner during World War II before establishing himself as an amateur golfer. It was in 1951 that he founded a catering company with an $800 loan. Off to a good start, he made his first million dollars by 1955. Then, he funneled his earnings in real estate and he started the A.G. Spanos Companies, one of the country's largest apartment developers today. In 1984, he bought a 60% stake in the Chargers and he became a full owner of the club over the next decade. Now, his son Dean took over the managing roles of the team and serves as its Chairman and President. In 2013, Alexander Spanos celebrated 65 years of marriage to his wife Faye with whom he has four children.