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Ted Leonsis Net Worth

Updated On: 24 Jan, 2019

Ted Leonsis Net Worth

You probably know about “America Online”. When we see this company’s name, one name always pops up in our mind. It’s the name of the famous personality Ted Leonis. He is not only known for his business ventures, but also from his investments, filmmaking, books, and charity.

Ted is also the former Mayor of Orchid, Florida. He also is the founder of “Monumental Sports & Entertainment”. The company owns Washington Capitals (National Hockey League), Washington Mystics (Women’s National Basketball Association), Washington Wizards (National Basketball Association) and The Verizon Center.

Ted Leonsis' Net Worth

Ted Leonsis has the accumulated the staggering net worth of $1.1 billion as the business magnate. He has been earning the income as the founder, majority owner and CEO of Monumental Sports

Following his graduation, he got a job as the marketing executive in Harris Corporation. But his mind was elsewhere. So, he left the job in 1981 and started his business venture in Florida. At that time, he was only 25 years old. He published “LIST Magazine” which focused on the technological aspects and the computing industry. The magazine became very much successful as many software companies gave advertisement to promote their products. Leonis sold “LIST Magazine” just two years later for $40 million which made him one of the multimillionaires in the United States.

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Leonis did not stop just in one company. He established Redgate Communications Corporation in 1987. This company was later merged with America Online (AOL) where he became the senior executive for 13 years. If you know about America Online today, it’s all because of just one person. And he is none other than Ted Leonis. During his tenure, the membership of AOL increased from 800,000 to 8 million. Though he retired from the company in 2006, he still serves as the Vice-Chairman Emeritus.

In October 2016, Ted and his wife, Lynn sold their Massachusetts -based house, Nantucket mansion for $8.5 million, which spreads in an area of 4,768-square-foot. He previously had bought the property, house for $6.7 million.

Ted Leonsis Married Lynn; Together For Over Three Decades!

Father of two kids, Ted Leonsis has been rejoicing a blissful relationship with his wife, Lynn Leonis.

In August 1987, he and Lynn shared the wedding vows. Alongside the long unbreakable relationship, the pair is now proud parents of two children, a son named Zachary Leonsis and a daughter named Elle Leonsis. 

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Ted and his sweetheart is often seen attending the events and gives a glimpse of his romantic connection with his longtime wife. On 18 October 2013, the heartthrob pair was spotted at the reception of 2013th Audi Best Buddies Challenge.

Ted alongside his wife, Lynn attended the 2013 Audi Best Buddies Challenge (Photo: zimbio.com)

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His spouseLynn, has been working as the master decorator and caretaker of Marwood. She also loves to burgeoning garden and the African and Indonesian artifacts.

Short Bio

Born on January 8, 1957, in Brooklyn, he worked in a counter of the diner to support his family. Though his parents were mill workers, he was born to do business. Because of his skills, he quickly got a job at the grocery store. In his youth, he worked for the wealthy stockbroker, Jim Shannon. Jim got impressed by the work of Leonis and helped him to get admission at Georgetown University. Later in 1977, he graduated from there. He once went through the weight loss and dropped his body weight roughly 60 pounds