Ted Leonsis Biography: Children, Wikipedia, Net Worth, Age, Parents, Height, Wife, Children

Theodore John Leonsis is an American entrepreneur and sports executive. He is a former senior executive at America Online (AOL) and the founder, chairman, and CEO of Monumental Sports & Entertainment.

His organization owns and manages several major sports franchises, including the NHL’s Washington Capitals, the NBA’s Washington Wizards, the WNBA’s Washington Mystics, and the Monumental Sports Network.

Profile

• Full Name: Theodore John Leonsis
• Stage Name: Ted Leonsis
• Born: January 8, 1957
• Age: 67 years old
• Birthplace: New York City, U.S.
• Nationality: American
• Occupation: American businessman.
• Height: Unknown
• Parent: Mr. and Mrs. Leonsis.
• Siblings: Unknown
• Spouse: Lynn Leonsis
• Children: Elle Leonsis ,Zachary Leonsis
• Relationship: Married
• Net Worth: $3.1 billion

Early Life And Education

Theodore John Leonsis was born to Greek immigrant parents on January 8, 1957, in New York City, United States.

His father worked as a waiter, and his mother was a secretary. Their names are not publicly known, but they are referred to as Mr. and Mrs. Leonsis.

Details about any siblings are also unknown. Leonsis was raised in Brooklyn, New York, but he later moved to Lowell, Massachusetts, where he graduated from Lowell High School in 1973.

Leonsis was the first in his family to attend university. He enrolled at Georgetown University, majoring in American Studies. A dedicated student, he graduated 1977 at the top of his class.

His academic achievements marked a significant milestone for his family. Leonsis is of Greek ethnicity, although his religious beliefs are not publicly disclosed.

Career

Ted Leonsis began his career working for Wang Laboratories and Harris Corporation as a corporate communications manager and marketing executive, respectively.

In 1981, he left Harris to co-found LIST, a magazine focused on personal computing, securing $1 million in seed funding with his partner, Vincent Pica. The first issue was published in 1982, and by 1984, Leonsis sold the company to Thomson Reuters for $40 million, earning $20 million.

He later founded Redgate Communications Corporation, which AOL acquired in 1994, where Leonsis served as a senior executive for 13 years before retiring in 2006.

In 2010, Leonsis became the majority owner of the Washington Wizards, inheriting a struggling team. Around the same time, he purchased the Washington Mystics of the WNBA, expanding his sports portfolio.

In 2016, he added two Arena Football League teams, the Washington Valor and Baltimore Brigade, to his holdings, but they folded in 2019 after the league dissolved. 2018, he launched the Capital City Go-Go, an NBA G League franchise.

These teams are part of Monumental Sports & Entertainment, which Leonsis founded and chairs, managing properties like Capital One Arena and EagleBank Arena.

Leonsis has also been active in media and technology ventures. He founded SnagFilms, a video streaming platform, and produced award-winning documentaries such as Nanking and Kicking It, which premiered at the Sundance Film Festival.

He co-founded Revolution Money, a secure payments platform sold to American Express in 2009, where he remains a board member. He is also a partner in Revolution Growth, a D.C.-based venture fund, and serves as chairman of Clearspring Technologies.

In 2023, Leonsis explored relocating the Washington Wizards and Capitals from Washington, D.C., citing the need for substantial renovations to Capital One Arena.

While D.C.’s mayor proposed $500 million for the $800 million project, Leonsis also partnered with Virginia Governor Glenn Youngkin to consider other options.

Beyond sports, Leonsis has co-invented the board game Only in New York and is part of aXiomatic, an investment group that owns Team Liquid, an eSports team.

Throughout his career, Leonsis has been known for his fan-centric approach to sports management and innovative technology and entertainment ventures.

Social Media

• Instagram handle: @tedleonsis
• Facebook handle: Ted Leonsis
• Twitter handle: @TedLeonsis

Personal Life

Ted Leonsis has been married to Lynn Leonsis since August 1987. The couple first met during a tennis game and quickly developed a strong connection.

They have two children, Zachary and Elle, both now grown. Lynn shares Ted’s passion for philanthropy, and together, they focus on initiatives supporting children’s education and community development through their family foundation.

Net Worth

Ted Leonsis’s estimated net worth is $3.1 billion, making him the 1,114th richest person globally.

He is the founder, chairman, and CEO of Monumental Sports & Entertainment, which owns several major professional sports teams, including the Washington Wizards and Washington Capitals.

Leonsis has built a successful business empire through his leadership and investments in sports, media, and technology.