Frank McCourt Biography: Wife, Age, Net Worth, Siblings, Parents, Height, Children

Frank H. McCourt Jr. is an influential American businessman and philanthropist.

As of 2023, he is the executive chairman of McCourt Global, a position he held after stepping down as CEO.

McCourt is known for his previous ownership of the Los Angeles Dodgers and Dodger Stadium from 2004 to 2012.

He is also the current owner of the French football club Olympique de Marseille.

Additionally, McCourt is the founder and executive chairman of Project Liberty, an international non-profit organization focused on social issues.

He is reportedly involved in a bid to acquire the social media platform TikTok.

Profile

• Full Name: Frank H. McCourt Jr.
• Stage Name: Frank McCourt
• Born: August 14, 1953
• Age: 71 years old
• Birthplace: Boston, Massachusetts, United States
• Nationality: American
• Occupation: American businessman and philanthropist
• Height: Unknown
• Parent: Malachy Gerald McCourt Sr. and Angela Sheehan
• Siblings: David McCourt and Terence P. McCourt
• Spouse: Monica Algarra (m. 2015), Jamie McCourt (m. 1979–2011)
• Children: Drew McCourt, Luciana Hayes McCourt, Casey McCourt, Travis McCourt, and Gavin McCourt
• Relationship: Married
• Net Worth: $1.4 billion

Early Life And Education

Frank H. McCourt Jr. was born in Boston, Massachusetts, on August 14, 1953, to Malachy Gerald McCourt Sr. and Angela Sheehan. He grew up alongside his four siblings: Malachy Jr., Michael, Alphonsus, and twins Oliver and Eugene, who tragically passed away in childhood.

McCourt attended New York University, where he earned a bachelor’s degree in English Education in 1957. He used benefits from the G.I. Bill to fund his studies.

He furthered his education with a master’s degree from Brooklyn College in 1967 and spent time at Trinity College in Dublin, although he did not complete his Ph.D. McCourt is of Irish descent and practices Roman Catholicism.  

Career

Frank H. McCourt Jr. began his career in real estate, founding The McCourt Company in 1977. Specializing in large-scale development projects, his company made significant contributions to the Boston area and other major U.S. cities.

His early real estate ventures set the stage for a successful and diversified career, ultimately leading him to acquire the Los Angeles Dodgers for $430 million in 2004.

During his ownership, McCourt spearheaded significant renovations to Dodger Stadium and oversaw the construction of a new spring training facility. Under his leadership, the team experienced notable postseason appearances, culminating in a record-breaking franchise sale for $2.15 billion in 2012.

After selling the Dodgers, McCourt established McCourt Global, focusing on sports, media, and real estate investments. One of the company’s key initiatives was acquiring a 50% stake in the Global Champions Tour, an elite international show-jumping series.

McCourt’s business endeavors also extend to philanthropy, including a landmark $100 million donation in 2013 to establish the McCourt School of Public Policy at Georgetown University. This was followed by an additional $100 million contribution in 2021 to support further the institution’s mission of fostering diverse public policy leadership.

McCourt’s reach expanded into European football with his purchase of Olympique de Marseille in 2016 for approximately €50 million. His investment plan included a €200 million commitment to improve the club’s competitiveness and infrastructure. Additionally, McCourt founded Project Liberty in 2021, a nonprofit to advance decentralized social networking and digital rights.

As of 2023, McCourt transitioned from CEO to executive chairman of McCourt Global, positioning the company for future growth under new leadership. He also announced plans to form a consortium to acquire TikTok in 2024, signaling his continued influence in the digital and sports landscapes while maintaining his philanthropic focus.

Social Media

Frank McCourt does not have any active social media accounts.  

Personal Life

Frank McCourt is currently married to Monica McCourt and is the father of six children. He was previously married to Jamie McCourt, with whom he had a highly publicized divorce in 2010 after a turbulent marriage that began in 1979.

McCourt has been married twice before: first to Alberta Small, with whom he had a daughter, Margaret “Maggie” McCourt, and later to Cheryl Floyd, with whom he had two children, Anna and Frank Jr. From his third marriage to Ellen Frey, McCourt has three children: Catherine, Michael, and another daughter whose name is not widely reported.

Net Worth

As of January 2025, Frank McCourt’s net worth is estimated at $1.4 billion. He is known for his past ownership of the Los Angeles Dodgers and currently owns the French football club Olympique de Marseille.

In addition to his business ventures, McCourt is actively involved in philanthropy, with notable donations to Georgetown University and initiatives such as Project Liberty, which focuses on enhancing digital infrastructure.