Rank #2991
Nancy Lerner
Net worth $1.2B
Banking, credit cards · United States
- Born
- May 11, 1960
- Age
- 66
- Source
- Banking, credit cards
- Residence
- Cleveland, Ohio
- Citizenship
- United States
- Marital status
- Married
- Children
- 5
- Education
- Doctor of Jurisprudence, Cleveland State University; Bachelor of Arts/Science, University of Cincinnati
Net worth over time
Biography
- Nancy Lerner owes her riches to her billionaire dad, Al Lerner (d. 2002), and to his banking fortune.
- Al started his career as a furniture salesman, invested in Cleveland-area real estate and bought control of Equitable Bancorp in 1981.
- Equitable Bancorp and Maryland National formed the credit card giant MBNA, whose 2005 merger with Bank of America created a $35 billion enterprise.
- The Lerners bought the Cleveland Browns in 1999 and sold the team to Jimmy Haslam for about $1 billion in 2012.