| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1.2 billion | N/A | August 14, 1953 | Boston, Massachusetts | Male | N/A | Business Executive and Philanthropist | American |
Table of Contents
- What is Frank McCourt’s Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
What is Frank McCourt’s Net Worth?
Frank McCourt, an American business executive and philanthropist, has a net worth of $1.2 billion. He is best known for being the former owner of the Los Angeles Dodgers baseball team.
Highlights
- Net worth of $1.2 billion
- Former owner of the Los Angeles Dodgers
- Current owner of Olympique de Marseille
- Founded the international nonprofit Project Liberty
Early Life
Frank McCourt Jr. was born on August 14, 1953, in Boston, Massachusetts. He was raised in a family involved in real estate and construction. McCourt attended Georgetown University, where he earned a degree in economics in 1975.
Career
McCourt began his career in business in 1977 when he founded his own commercial real estate company. He became a major real estate developer in the Boston area before relocating to Los Angeles. In 2004, he purchased the Los Angeles Dodgers baseball team for $430 million. McCourt also owns the French Ligue 1 football club Olympique de Marseille. In 2021, he founded the international nonprofit Project Liberty, aiming to build a new internet infrastructure.
Personal Life
Frank McCourt was married to Jamie McCourt in 1979. They went through a messy divorce in 2009, which involved a heated dispute over the ownership of the Dodgers. The divorce settlement was finalized in 2011, with Jamie receiving around $130 million and ceding her ownership claim of the Dodgers. McCourt remarried to Monica Algarra in 2015 and has six children from his marriages.
Net Worth Over Time
Frank McCourt’s net worth has fluctuated over the years due to his various business ventures. In 2004, he purchased the Los Angeles Dodgers for $430 million. The team’s value increased significantly under his ownership, and he eventually sold it for a record $2 billion in 2012. McCourt’s current net worth is estimated at $1.2 billion.
Components of Net Worth
Frank McCourt’s net worth is primarily derived from his ownership of the Los Angeles Dodgers and Olympique de Marseille. He also has investments in real estate and other business ventures. Additionally, McCourt founded the international nonprofit Project Liberty, which contributes to his overall net worth.
Overall, Frank McCourt has achieved significant financial success through his business endeavors and sports ownership. With a net worth of $1.2 billion, he continues to make an impact in both the business and philanthropic worlds.
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