Ted Leonsis Biography – Monumental Sports & Entertainment Founder

Any business enthusiast might be familiar with the name Ted Leonsis. But, if you don’t know who he is, Ted is one of the well-known business tycoons who has also made a good name for himself as an investor, author, filmmaker, philanthropist, and former politician. He is the founder, CEO, and chairman of Monumental Sports & Entertainment. Previously, he served as the senior executive with America Online.

Despite gaining huge popularity, Ted has refrained from sharing details regarding his personal life. So, let’s look at Ted Leonsis’ biography, including the facts about his early life, marriage, net worth, and many more.

Born To Greek Immigrant Parents

The businessperson was born Theodore John Leonsis on January 8, 1957. He grew up in the Brooklyn borough of New York City in a working-class family. Ted Leonsis’ parents and grandparents were Greek immigrants who worked as mill workers. His dad, Louis T. Leonsis, was a WWII veteran who passed away in September 2007. Furthermore, Ted’s mom, Joanne Koumantzelis Leonsis, was a secretary who passed away before his father.

The former AOL executive went to Brooklyn Technical High School. After moving to Lowell, Massachusetts, he enrolled at Lowell High School and graduated in 1973. Later, he attended Georgetown University and was the first person in his family to go to college. He graduated in 1977 with a Bachelor’s degree in American Studies.

Ted Leonsis Net Worth – $1.6 Billion

As mentioned earlier, Ted has made a good name for himself in the business world. He has served in the top positions of several big companies. As a result of his earnings, Forbes has estimated Ted Leonsis’ net worth to be $1.6 billion.

The Georgetown alumnus began working as a corporate communication manager at Wang Laboratories after graduation. He also worked in Harris Corp. as a marketing executive. In 1982, a year after the investor left the latter company, he moved to Florida in order to begin his first business venture, i.e., LIST, a technology magazine focused on the then-new personal computing industry. He and his partner, Vincent Pica, raised $1 million in seed capital.

Then, in 1987, the New York-born businessman started Redgate Communications Corporation, a marketing communications company. In 1994, America Online (AOL) acquired the firm, and he worked as a senior executive for 13 years. Under his leadership, AOL’s revenue ascended from $100 million to $1.5 billion. Moreover, Leonsis is the majority owner, chairman, founder, and CEO of Monumental Sports & Entertainment. The company owns the NHL’s Washington Capitals, NBA’s Washington Wizards, WNBA’s Washington Mystics, NBA G League’s Capital City Go-Go, and formerly the AFL’s Baltimore Brigade and Washington Valor. 

In January 2013, Monumental Network was launched by Monumental Sports & Entertainment. Likewise, Leonsis is the founder, chairman, and largest shareholder of SnagFilms. His first production project was the documentary Nanking. He has also founded several other companies, including Revolution Money, Revolution Growth, etc. Furthermore, as per Ted’s LinkedIn, he also serves on the advisory board of Georgetown University Entrepreneurship Initiative.

The 5′ 6″ tall businessperson has also written several books, some of which prices are as follows:

Books	Price
Blue Magix: The People, Power, and Politics Behind the IBM PC	$1.3 (Hardcover)
The Business of Happiness: 6 Secrets to Extraordinary Success in Work and Life	$49.06 (Paperback)

Table Source: Amazon

Hence, looking at the number of business ventures that Ted has been involved in, he must have amassed considerably. Thus, Ted Leonsis’s net worth of $1.6 billion seems plausible.

Also Read: Learn About Anaheim Ducks’ Head Coach Dallas Eakins

Has Been Married For A Long Time

The CEO shares a blissful marital life with Lynn Peterson. The couple tied the knot in August 1987. Ted Leonsis’ wife, Lynn Leonsis, worked at a financial brokerage firm and sometimes did occasional modeling stints when they first met. Both used to play tennis, and the businessman was introduced to Lynn by a friend.

The Monumental Sports founder described he was thunderstruck when his friend introduced him to a lady playing doubles. Moreover, his spouse recalled that on their first date, he was sweet as they talked about business. The pair eventually fell in love and later got married.

It has been several years since the duo exchanged vows, and they are still head over heels for each other. Furthermore, Ted even described the timeline from their first encounter to their wedding as “great happiness.”

Larry Tanenbaum is another businessman who has been married for many years.

A Proud Father Of Two Children

In all these years of togetherness, Ted and his spouse have welcomed a son and a daughter. Ted Leonsis’ children, Zachary Leonsis and Elle Leonsis, were born in October 1988 and 1992, respectively. Both of them have already grown up and are even married.

 

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A post shared by Zach Leonsis (@zacharyleonsis)

Nonetheless, Ted must be living a wonderful life with his partner and kids. As he continues his business journey, his fortune is likely to ascend in the coming days. Let’s hope Ted lives a content and blissful life ahead.

Trivia And Facts

• Ted once served as the mayor of Orchid, Florida.
• His foundation, The Leonsis Foundation, supports kids to overcome obstacles and achieve their goals.
• He lost roughly 60 pounds between 2012-14.

• Brooklyn Technical High School Businessperson Celebrity Babies Celebrity Biography Celebrity Romance Elle Leonsis Georgetown University Joanne Koumantzelis Leonsis Larry Tanenbaum Louis T. Leonsis Lowell High School Lynn Leonsis Lynn Peterson Richest Celebrities Ted Leonsis Theodore John Leonsis Vincent Pica Zachary Leonsis