Edward DeBartolo Jr. Net WorthReal Name: Edward DeBartolo Jr.
Date of Birth: 11/06/1946
Place of Birth: Youngstown, Ohio
2017 Net Worth: $3.2 Billion
Profession: Shareholder in Simon Property Group, former owner of the SF 49er’s
Edward DeBartolo Jr. Biography
Edward “Eddie” DeBartolo, Jr. was born in Youngstown, Ohio in November of 1946. He attended Notre Dame University and earned a Bachelor’s degree. He began his career developing shopping malls with his father as a part of his father’s real estate company Edward. J. DeBartolo Corporation. This was one of the largest public real estate businesses in the US, at one time with more than 2 billion square feet of real estate space around the country.
DeBartolo became a franchise ownership and sports management official, eventually becoming one of the most successful owners in sports history. He owned the NFL team the San Francisco 49er’s for more than 23 years, starting in 1977. The team won 5 Super Bowls and was the football team with the most wins in a 10 year period under his guidance. Unfortunately, DeBartolo became part of a federal lawsuit and was barred from active control of the 49ers for one year. DeBartolo had continued legal battles and soon agreed to give up control of his beloved football team to his sister, Marie Denise. In return, he gained complete control of the family real estate business. In the aftermath of the real estate collapse of 1987, DeBartolo sold many of his shopping malls to the Simon Property Group. In addition to his share of the Simon Property Group, he owns a portion of the popular chain of pizza restaurants, Famous Famiglia. He also runs DeBartolo Sports and Entertainment, which is a chain of sports clubs across the US, along with PDQ, a fast food chicken chain of restaurants.
DeBartolo has a net worth of $3.2 billion, much of it earned through his real estate holdings, even though he does not hold an executive position with Simon Property Group. He may never own another NFL franchise, but he will be remembered always as he was conducted into the Bay Area Sports Hall of Fame in 2008.