Rank #2998
Randolph Lerner
Net worth $1.2B
Banking, credit cards · United States
- Born
- Feb 21, 1962
- Age
- 64
- Source
- Banking, credit cards
- Residence
- Cleveland, Ohio
- Citizenship
- United States
- Marital status
- Married
- Children
- 4
- Education
- Bachelor of Arts/Science, Columbia University; LLB, Columbia University
Net worth over time
Biography
- Randy Lerner owes his riches to his billionaire dad, Al Lerner (d. 2002), who made a fortune in credit cards.
- His father got his start as a furniture salesman then invested in Cleveland-area real estate. He later bought control of Equitable Bancorp in 1981.
- Equitable Bancorp merged with Maryland National to form credit card giant MBNA, which was acquired by Bank of America for $35 billion in 2005.
- The Lerners bought the Cleveland Browns in 1999, bringing pro football back to the city. They sold the team to billionaire Jimmy Haslam for about $1 billion in 2012.
- Lerner and his family sold the English football club Aston Villa for $88 million to Chinese businessman Tony Xia in 2016 after a decade of ownership.
Financial assets
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