Real estate mogul, Washington Nationals owner, and and Chevy Chase resident Ted Lerner has passed away at the age of 97. Lerner purchased the Nationals from Major League Baseball in 2006 for $450,000,000. The team released the following statement on Monday morning: “It is with great sadness that we announce the passing of Founding Managing Principal Owner, Theodore N. Lerner. The crowning achievement of his family business was bringing baseball back to the city he loved -and with it, bringing a championship home for the first time since 1924. He cherished the franchise and what it brought to his beloved hometown.”
From our article 7 Marylanders Make “Forbes 400 List of Richest Americans”:
- In 1952, a 26-year-old Ted Lerner borrowed $250 from his wife to start a real estate company, selling homes for developers.
- He sold 22,000, then decided to become a builder. Today his Lerner Enterprises is among the largest owners of real estate in the Washington, D.C area.
- Since 2006 Lerner has owned the Washington Nationals baseball team. In June 2018, Ted passed control of the team to son Mark.
- The family donates to charities including Children’s National Hospital in DC, George Washington University and Hebrew University in Jerusalem.
- During law school, Lerner sold real estate on weekends to help support his widowed mother and younger siblings.
Feature photo courtesy of https://alumni.gwu.edu/theodore-n-lerner
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