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Peter Angelos Net Worth: $2 Billion
| Category | Details |
|---|---|
| Net Worth | $2 Billion |
| Salary | N/A |
| Birthdate | July 1929 |
| Birthplace | Baltimore, Maryland |
| Gender | Male |
| Height | N/A |
| Profession | Trial Lawyer, Businessman |
| Nationality | American |
Highlights
Peter Angelos, an American trial lawyer and businessman, has an estimated net worth of $2 billion. He is renowned as the majority owner of the Major League Baseball team, the Baltimore Orioles. Angelos has had a successful career, not only representing the state of Maryland in a landmark suit against tobacco companies but also making a name for himself in the world of horse racing as an owner and breeder.
Early Life
Peter Angelos was born in July 1929 in Baltimore, Maryland. He graduated from the University of Baltimore School of Law, where he laid the foundation for his future legal career.
Career
After becoming an attorney in 1961, Angelos founded the Law Office of Peter Angelos, through which he established himself as a proficient trial lawyer. He also served as a member of the Baltimore City Council, where he gained valuable experience in public service.
In 1993, Angelos took over as the principal owner and managing partner of the Baltimore Orioles, a Major League Baseball team. His leadership and business acumen have contributed significantly to the team’s success and financial growth.
Additionally, in 1996, Angelos was hired by the state of Maryland to represent it in a groundbreaking lawsuit against tobacco companies. His efforts resulted in a substantial settlement for the state, showcasing his prowess as a lawyer and advocate.
Throughout his career, Angelos has remained actively involved in various legal and business ventures, further solidifying his position as a prominent figure in the legal and sports industries. He is also a member of the University of Baltimore Law School Advisory Committee.
Personal Life
Beyond his professional accomplishments, Peter Angelos has received recognition for his contributions and achievements. In 1988, he was honored as Marylander of the Year, acknowledging his positive impact on the state. He also received the Ellis Island Medal of Honor in 1996, further testament to his dedication and service.
Net Worth Over Time
Peter Angelos has built an impressive net worth over the years through his successful legal career, ownership of the Baltimore Orioles, and involvement in various business ventures. With an estimated net worth of $2 billion, he has amassed substantial wealth and enjoys financial stability.
Components of Net Worth
Angelos’ net worth primarily stems from his ownership of the Baltimore Orioles, which holds significant value as a Major League Baseball franchise. The team’s success, popularity, and revenue generation contribute to his overall net worth.
Furthermore, his career as a trial lawyer, particularly in the groundbreaking lawsuit against tobacco companies, has also added to his wealth. Angelos’ legal expertise and successful representation have resulted in substantial settlements and compensation for his clients and himself.
Moreover, Angelos’ involvement in the horse racing industry as an owner and breeder contributes to his net worth. His investments in the field have likely yielded profitable returns, further boosting his overall wealth.
In conclusion, Peter Angelos’ net worth of $2 billion reflects his achievements as a trial lawyer, businessman, and owner of the Baltimore Orioles. With a successful legal career and ownership of a prestigious sports team, he has accumulated substantial wealth over time. Angelos’ net worth is a testament to his professional accomplishments and astute business decisions, solidifying his status as an influential figure in both the legal and sports worlds.
Note: All net worths mentioned in the article are based on estimates drawn from public sources and should be taken as approximations.
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