Entrepreneurs
Frank McCourt Net Worth
| Net Worth: | $1.5 Billion |
|---|---|
| Age: | 73 |
| Born: | August 14, 1953 |
| Country of Origin: | United States of America |
| Source of Wealth: | Businessman |
| Last Updated: | Aug 19, 2026 |
Introduction
Frank McCourt is an American business executive and former owner of the Los Angeles Dodgers with an estimated net worth of $1.5 Billion.
In this profile, we’ll discuss our research into Frank McCourt’s net worth history and income sources, most notably his acquisition of the Los Angeles Dodgers.
Quick Facts
- Debuted on the Forbes Billionaires Index in 2024
- Acquired the Los Angeles Dodgers for $430 million in 2004
- Sold the team to Guggenheim Baseball Management for $2.3 billion in 2012
- Reportedly paid a $130 million divorce settlement to his ex-wife
Net Worth History
| Year | Net Worth |
|---|---|
| 2024 | $1.4 Billion |
| 2025 | $1.4 Billion |
| 2026 | $1.5 Billion |
Los Angeles Dodgers Acquisition
In 2004, Frank McCourt acquired Major League Baseball’s Los Angeles Dodgers in a deal valued at $430 million. It was reported that additional Dodgers real estate properties were also included in the sale. What’s more interesting is that of the $430 million, “not a penny” of McCourt’s own money was used to acquire the team. He financed the entire purchase amount from News Corp. (the seller) and Bank of America.
More specifically, the former owner provided McCourt with a $196 million loan, and Bank of America loaned him an additional $225 million. The other $9 million, as per the deal’s reported value, came from equity and cash injections via McCourt’s Boston real estate portfolio.
Now you might be asking, what’s a guy got to do to get a $421 million loan?
McCourt put up his parking lot properties as collateral to obtain the loans. At the time, he owned approximately 24 acres of waterfront parking lots in the South Boston area, valued at roughly $200 million. These properties were later sold to cover the initial $196 million loan from News Corp. When the deal for McCourt to acquire the Los Angeles Dodgers was finalized, the other MLB franchise owners approved the acquisition unanimously; however, many concerns were raised about the team’s future financial stability.
Bankruptcy Filing & Sale
Those with concerns were correct, as in 2011, the team filed for bankruptcy after a string of financial issues. A year later, McCourt sold the team to Guggenheim Baseball Management for a reported $2.3 billion, comprising $1.588 billion in cash and $412 million in team debt. The deal also included the land surrounding the stadium, which McCourt sold to Guggenheim for $150 million. However, he retained part ownership of the parking lots and reportedly rents them out to Guggenheim for $14 million per year.
Thus, in eight years, Frank McCourt turned his $430 million investment in the Los Angeles Dodgers into $2.3 billion, before taxes.
Divorce Settlement
Frank McCourt was married to Jamie McCourt for over thirty years, having married in 1979. However, in October 2009, Jamie filed for divorce in the Los Angeles Superior Court, citing irreconcilable differences. At the time, the LA Dodgers were in the middle of their financial difficulties and looming bankruptcy. When the divorce was finalized in 2011, Jamie received the largest divorce settlement in Los Angeles history, reportedly $130 million in cash.
When McCourt sold the Dodgers for over $2 billion a year later, Jamie alleged that she had been misled regarding the team’s value and filed an appeal to overturn the original $130 million settlement. Her appeal was rejected, and instead, she was ordered to pay Frank $1.9 million in legal fees.
Real Estate
In August 2007, Frank McCourt paid $27.25 million to acquire The Segel Residence from actors Courteney Cox and David Arquette. The property, located in Malibu, California, and designed by renowned architect John Lautner in the late 1970s, comprises 6,103 square feet and features four bedrooms and five bathrooms. According to public records, McCourt still owns the home and pays approximately $400,000 in property taxes per year.
Entrepreneurs
Avram Glazer Net Worth
| Net Worth: | $1 Billion |
|---|---|
| Age: | 65 |
| Born: | October 19, 1960 |
| Gender: | Male |
| Height: | Unknown |
| Country of Origin: | United States of America |
| Source of Wealth: | Entrepreneur |
| Last Updated: | Aug 19, 2026 |
Introduction
Avram Glazer is an American businessman and sports team owner with an estimated net worth of $1 Billion.
This profile covers our extensive research into Avram Glazer’s net worth and investments, including ownership of the Tampa Bay Buccaneers and Manchester United.
Quick Facts
- Debuted on the Forbes Billionaires Index in 2024
- Holds an estimated 16.7% stake in the Tampa Bay Buccaneers
- That stake is now worth $900+ million
- Acquired a 68% controlling stake in Manchester United for $1.46 billion
- Sold a 25% stake of the team to James Ratcliffe for $1.3 billion in 2023
Net Worth History
| Year | Net Worth |
|---|---|
| 2024 | $1.7 billion |
| 2025 | $1.7 billion |
| 2026 | $2 billion |
Tampa Bay Buccaneers Acquisition
Avram’s father, Malcolm, was a dedicated sports fan and had been desperately trying to secure ownership of a franchise team within both the NFL and the MLB. This included attempts to acquire or establish franchises for the New England Patriots, the Baltimore Orioles (now the Baltimore Ravens), the San Diego Padres, and the Pittsburgh Pirates.
After Hugh Culverhouse, the then-owner of the Tampa Bay Buccaneers, passed away in August 1994, Malcolm finally managed to acquire a team. Malcolm purchased the Buccaneers for a reported $192 million, placing two of his sons, Joel and Edward, in leadership positions. All six Glazer siblings received an ownership stake in the team, which they still hold today. The exact split has never been confirmed, but assuming it’s an even split, this would bring Avram’s stake to roughly 16.7%.
In August 2024, Forbes valued the Buccaneers at $5.4 billion, indicating that the franchise’s value had increased by approximately $5.2 billion over the previous 29 years. Assuming Avram has always held 16.7%, his stake would have been worth $32.06 million in 1995 and is currently worth approximately $901.8 million.
Manchester United Acquisition
In May 2005, Avram and the Glazer family acquired a 68% majority stake in the EPL soccer team, Manchester United, through their company Red Football Ltd. The deal reportedly cost the family £800 million ($1.46 billion USD), placing the club’s valuation at approximately £1.18 billion ($2.15 billion USD).
However, the majority of the £800 million was secured by borrowing against Manchester United’s assets, which quickly put the club in financial trouble. This left the club obligated to pay £60 million per year in interest alone on its total debts. Although no longer a dominant force in the English Premier League, Manchester United won the league in five of the first seven years following the Glazers’ acquisition.
As of May 2025, the club’s market valuation is approximately $2.4 billion. According to various reports, the Glazer family still holds approximately 71%, but it’s unknown exactly how the shares are split between the family members. Nonetheless, a 71% stake in Manchester United, based on its current valuation of $2.4 billion, would equate to roughly $1.7 billion.
Financial, Tax, & Legal Issues
In December 2023, Avram Glazer’s family sold a 25% stake in Manchester United to British billionaire James Ratcliffe for $1.3 billion. This sale valued the football club at $5.2 billion, over five times its 2005 leveraged buyout price of $1 billion. However, many Manchester United fans expressed frustration, attributing years of poor club performance to mismanagement under the Glazer ownership.
The sale drew further attention because Glazer used complex tax exemption strategies through the Cayman Islands, reportedly avoiding a $100 million capital gains tax bill. While legal, it reignited debates about fair tax practices among high-net-worth individuals.
Philanthropy
The Glazer Family Foundation, founded in 2000, has maintained a strong focus on community programs despite recent financial difficulties. In 2023, the foundation reported a $121,000 deficit, with assets of $17,700 and liabilities totaling $26,600. Even so, it supports initiatives like the Glazer Children’s Museum, which nurtures educational play through donor funding.
The foundation also supports youth sports leagues that provide equipment and coaching to over 500 underserved children annually, encouraging teamwork and physical activity. Its scholarship programs have awarded over $1 million to help more than 100 students access higher education, reducing financial obstacles for their families. The foundation has also focused on health-related efforts, such as vision screenings and eyeglass donations, which have reached more than 2,000 children in the Tampa Bay area and addressed critical needs in local communities.
Together, these initiatives reflect the Glazer family’s commitment to meaningful community support, even during periods of financial strain.
Highlights
Here are some of the best highlights of Avram Glazer’s career:
- Owner of the NFL Tampa Bay Buccaneers since 1995
- Executive Co-Chairman of Manchester United (2005)
- Former chairman and chief executive officer of Zapata Corporation (1995 – 2009)
Entrepreneurs
Jordan Belfort Net Worth
| Net Worth: | $1 Million |
|---|---|
| Age: | 64 |
| Born: | July 9, 1962 |
| Gender: | Male |
| Height: | 1.70 m (5 ft 7 in) |
| Country of Origin: | United States of America |
| Source of Wealth: | Entrepreneur |
| Last Updated: | Aug 19, 2026 |
Introduction
Jordan Belfort is an American motivational speaker and author with an estimated net worth of $1 Million.
In this profile, we’ll discuss our research into Jordan Belfort’s net worth, income sources, legal issues, and any other events that have affected his finances.
Quick Facts
- Peak annual income of $50 million
- Ordered to pay $110.4 million in restitution to Stratton Oakmont victims
- His legal obligation to do so expired in April 2026
- Paid less than $14 million in total (roughly 12.6%)
- Victims allegedly lost $200 million in total
- Earned $1.045 million from selling the film rights to his memoirs
$110 Million Judgment
Belfort is known to the public for his legal issues involving a scheme he ran through his former brokerage firm, Stratton Oakmont. Between 1989 and 1998, the firm engaged in a range of illegal trading practices while Belfort and his coworkers earned millions of dollars. These illegal practices included:
- Money laundering
- Pump and dump schemes
- Stock price manipulation
- Securities fraud
During Belfort’s 1999 trial, he pleaded guilty to money laundering and securities fraud and agreed to cooperate with federal prosecutors in their investigation. Investors allegedly lost as much as $200 million from their dealings with Stratton Oakmont. Belfort was later sentenced to four years in federal prison and was released after serving 22 months.
In addition to his conviction, Jordan Belfort was ordered to pay restitution of $110,362,993.87 to his 1,513 victims. Since he obviously didn’t have this kind of money upfront, the payments were court-ordered to be taken from his gross income. He was also required to continue paying restitution to his victims on the $110.4 million judgment until April 2026.
Restitution Payments
So now that this date has passed, how much money did he pay in total?
Here’s the thing: Belfort could only make restitution payments based on the amount of money he earned following his release from prison. His conviction permanently barred him from re-entering the U.S. securities industry. This meant he was starting from the bottom again with a brand-new career and unlikely to fulfill the judgment by 2026.
Now, back in 2013, court filings revealed that Belfort had paid a total of $11,629,143.64. However, roughly 86% of this figure ($10 million) came from the government’s asset seizures of his properties. Those assets were sold at the beginning of the 2000s, which means he paid roughly $1.6 million in restitution from his income between then and 2013.
The reason 2013 is such a key year is that, prior to this, Belfort was obligated to put 50% of his gross income toward restitution. That obligation expired in 2013, though Jordan allegedly stopped complying with it three years earlier.
Historical Payments
Here are some of Belfort’s confirmed annual payments, according to the U.S. government:
- 2007 – $382,910
- 2008 – $148,799.19
- 2009 – $170,000
- 2010 – $0
- 2011 – $21,000
- 2012 – $158,000
In 2011, Belfort paid just $21,000 in restitution despite receiving $940,000 for selling the film rights to his life story to Red Granite Pictures. The following year, he also received an additional $250,000 from the company, but the government caught on quickly. They intervened before the payment was made, instructing Red Granite to pay $125,000 into the restitution fund.
Some reports suggest that from 2013 onwards, Belfort was required to pay a minimum of $10,000 per month into the fund. This is nothing in the grand scheme of things, since he had a remaining balance of roughly $98.73 million. At $10,000 per month, it would have taken him 822 years and 10 months to cover the full judgment.
The last official court filing made public was in 2018. It stated that Belfort had paid a total of $12,843,845.19 in restitution since the original judgment. His legal obligation expired in April 2026; therefore, the remaining balance has been wiped. We can assume that he probably paid a little more than $13 million in total.
Real Estate
Jordan Belfort previously owned an 8,706-square-foot, five-bedroom, eight-bathroom home in Glen Head, New York, before his arrest. This property features an outdoor pool, billiards room, bar, walk-in closets, and a squash court. Federal authorities seized the home in 2001 and sold it for $2.53 million to help pay restitution to his fraud victims.
Entrepreneurs
Changpeng Zhao Net Worth
Find out how Changpeng Zhao’s net worth has changed in recent years, from early successes to the major fluctuations over time.
| Net Worth: | $110 Billion |
|---|---|
| Age: | 48 |
| Born: | September 10, 1977 |
| Gender: | Male |
| Height: | 1.70 m (5 ft 7 in) |
| Country of Origin: | China |
| Source of Wealth: | Entrepreneur |
| Last Updated: | Aug 19, 2026 |
Introduction
Changpeng Zhao is a Chinese-Canadian entrepreneur and business executive with an estimated net worth of $110 Billion.
Zhao earned his billions as the founder, former CEO, and controlling shareholder of the cryptocurrency exchange Binance. He launched the company in July 2017, raising $15 million through an initial coin offering. Today, Binance generates an estimated $16 billion in annual revenues and is valued at approximately $100 billion.
In this profile, we’ll discuss Changpeng Zhao’s net worth history, Binance fortune, additional business ventures, and some of the legal issues he’s faced.
Quick Facts
- Debuted on the Forbes Billionaires Index in 2018
- Launched the Binance cryptocurrency exchange a year prior
- Holds an estimated 90% stake in the company
- Net worth crossed the $100 million milestone in 2026
- Sentenced to four months in federal prison for violating the Bank Secrecy Act
Net Worth History
| Year | Net Worth |
|---|---|
| 2018 | $1.4 Billion |
| 2019 | $1.2 Billion |
| 2020 | $1.5 Billion |
| 2021 | $1.9 Billion |
| 2022 | $65 Billion |
| 2023 | $10.5 Billion |
| 2024 | $33 Billion |
| 2025 | $62.9 Billion |
As we briefly mentioned in the introduction, Changpeng Zhao’s net worth is primarily derived from his reported 90% stake in Binance. The most impressive aspect of his fortune is that Zhao became a billionaire less than a year after launching the company. He debuted on the Forbes Billionaires Index in 2018, with an estimated net worth of $1.4 billion. For the next few years, things actually remained relatively stable, though he briefly dropped off the Forbes list in 2020.
It’s important to note that, given the nature of Zhao’s business, his net worth is considered cyclical. What we mean is that cryptocurrency markets typically have cycles lasting three to four years. This is based on Bitcoin’s halving cycle, in which mining rewards are halved every time 210,000 BTC blocks are mined. Thus, setting off a chain reaction of events that ultimately results in a bull market. At least, this is what cryptocurrency’s short history has shown us.
During bull markets, Bitcoin has exploded to all-time highs, and there’s normally significant FOMO within the industry. In turn, this leads to increased activity on trading platforms like Binance and to parabolic increases in altcoin prices, such as Binance’s own BNB.
Why is this important?
Two reasons: Firstly, Changpeng Zhao has a substantial cryptocurrency portfolio, including 94 million BNB tokens and an estimated 1,400 BTC. Secondly, Binance’s valuation will naturally fluctuate between bull and bear markets.
How has this played out in terms of his net worth?
In the 2021/2022 bull market, BNB’s coin price rose to an all-time high of $650 per token. With an estimated 94 million BNB tokens in his portfolio, they would have been briefly worth up to $61.1 billion. By 2023, the price had crashed to $200 per token, reducing his stake to roughly $18.8 billion.
Forbes’ estimates differ slightly. The publication reported Zhao’s net worth at $65 billion in 2022, up from $1.9 billion in 2021, then down to $10.5 billion in 2023.
In 2025, BNB’s token price hit a new all-time high of $1,170 per coin, and Binance reportedly had a valuation of $100 billion. Zhao’s fortune rebounded from $10.5 billion to $62.9 billion in just two years. In 2026, his net worth reached $110 billion, and he’s currently ranked as the 17th richest person in the world.
Cryptocurrency Holdings
In February 2025, Changpeng Zhao publicly listed his cryptocurrency holdings in a Twitter post, though only in percentage terms, stating, “I’m a boring guy.” His holdings were as follows:
- BNB (Binance coin) – 98.6%
- BTC (Bitcoin) – 1.3%
- EURI (Eurite) – 0.17%
- USDT (Tether) – 0.03%
While exact numbers weren’t listed, reports suggest that Zhao holds 94 million BNB and 1,400 BTC. It’s not clear whether this has always been the case, but assuming it has, we can roughly calculate how much his portfolio has been worth at key points in time.
- December 2020 (BNB IPO) – Totals: $3.13 billion
- May 2021 (bull market) – Totals: $61.2 billion
- June 2022 (market crash) – Totals: $18.4 billion
- June 2024 (bull market) – Totals: $64.1 billion
- October 2025 (BNB all-time high) – Totals: $110.2 billion
- July 2026 (recent prices) – Totals: $54.6 billion
Bank Secrecy Act Violations
In 2023, the United States Department of Justice filed a criminal case against Changpeng Zhao and Binance. The case alleged that Binance failed to prevent money laundering and allowed users in restricted locations to transact on the platform.
Toward the end of the year, Zhao pleaded guilty to violating the Bank Secrecy Act and was sentenced to four months in a U.S. federal prison. He also agreed to pay a $50 million fine personally, while Binance paid $4.3 billion in penalties. Following the plea, he stepped down as the CEO of Binance. Zhao was later pardoned by President Trump in 2024.
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