Norma Lerner
$1.2B
Born
Mar 28, 1936
Age
89
Source of Wealth
Banking
Residence
Cleveland, Ohio
Citizenship
United States
Marital Status
Widowed
Children
2
Education
- Norma Lerner is the widow of Al Lerner (d. 2002), who made a fortune as founder of credit card giant MBNA.
- 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, which was acquired by Bank of America for $35 billion in 2005.
- The family sold the English football club Aston Villa for $88 million to Chinese businessman Tony Xia in 2016 after a decade of ownership.
- They bought the Cleveland Browns in 1999 and brought pro football back to the city, but sold the team to billionaire Jimmy Haslam for about $1 billion in 2012.
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