Ted Leonsis Net Worth
Ted Leonsis Net Worth: Ted Leonsis is a sports team owner, venture capital investor, filmmaker, author and philanthropist who has 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. Born Theodore John Leonsis on January 8, 1957, in Brooklyn, New York, US, he is best known as the Internet industry pioneer who was instrumental in turning AOL (previously known as America Online) into a global phenomenon. It was in 1994 when his early media company, Redgate Communications, was acquired by America Online and Leonsis held the position of AOL's senior executive for the next 13 years. Over three decades, Ted has proven to be a serial entrepreneur who has built and sold multiple successful businesses. As the founder, chairman, majority owner and CEO of Monumental Sports & Entertainment, he owns operates the Washington Capitals (NHL), Washington Wizards (NBA), Washington Mystics (WNBA) and the Verizon Center. While in his role of venture capital investor, he has made numerous investments on his own, as well as became a partner in the newly created "speed-up capital" Revolution Growth Fund II. In addition, Ted Leonsis is also an acknowledged producer of documentaries, and the founder, chairman and largest shareholder of SnagFilms. He created and produced award-winning documentary Nanking (2007), along with the subsequent two documentaries Kicking It (2008) and Fighting Chance (2010). Even though the number of the charities that he supported is constantly growing, Ted's highlighted philanthropic causes include Best Buddies, DC Central Kitchen, See Forever Foundation, Venture Philanthropy Partners and many more. This native New Yorker, who later lived in Lowell, Massachusetts, currently lives in McLean, Virginia, and Vero Beach, Florida, with his wife and two children.