Todd Boehly is an American businessman, investor, and philanthropist with a mouthwatering net worth of around $5.3 billion. The billionaire is the co-founder, chairman, CEO, and controlling member of Eldridge Industries, a holding company with investments in various sectors. Todd had originally made his money in banking and finance (investment) before founding his own company.
Boehly made his fortune out of the eyes of the media but he has since garnenerd attention as he holds 27% of the NBA team, the Los Angeles Lakers. He is also a co-owner of the MLB team, the Los Angeles Dodgers, with a 20% stake. The mogul recently added Premier League club Chelsea F.C to his list of sports franchises. He became co-owner and chairman of the team in 2022, bringing an end to Roman Abramovich’s 19-year ownership tenure.
What is Todd Boehly’s Net Worth?
According to Forbes, Todd Boehly has a staggering net worth of $5.3 billion and is listed on the Forbes list of Billionaires at No. 637. The American mogul has been making headlines since his successful acquisition of Premier League club Chelsea in 2022 in a deal worth around £4.25bn ($5.25 billion), making it the most expensive team acquisition in the history of professional sports. With his recent purchase, his net worth is projected to see a massive increase as the club generates tremendous amounts of revenue annually.
Todd’s group, which comprises Dodgers co-owner Mark Walters, British businessman Jonathan Goldstein, Swiss billionaire Hansjorg Wyss, and US investment firm Clearlake Capital, defeated several interested bidders and was named the preferred bidder to take over the ownership of the West London Club. Todd had initially tried to buy Chelsea in 2019 but was unsuccessful.
Todd Boehly and his consortium which completed the takeover process on May 30, 2022, have a combined estimated net worth of £10.86 billion, making the group the sixth richest football club owner in the sports franchise.
Newcastle United’s Saudi Arabia Public Investment Fund remains the richest club owner in the world with a net worth of about £324 billion. They are followed by the Qatar Investment Authority which owns Paris Saint-Germain (£223 billion) while Manchester City’s Sheikh Mansour is placed third with a net worth of around £22billion.
Other notable football club owners include, Dietrich Mateschitz – RB Leipzig and RB Salzburg, Andrea Agnelli – Juventus, Philip Anschutz – LA Galaxy, Stan Kroenke – Arsenal, Zhang Jindong – Inter Milan, Guo Guangchang – Wolves.
What Other Sports Teans Does Todd Boehly Own?
Todd Boehly isn’t a newbie in acquiring sports team as he has stakes in the Los Angeles Lakers and Los Angeles Dodgers. He owns 20% of the baseball team, the LA Dodgers, and played a role in ending the Dodgers’ 32-year wait for the World Series title in 2020. Todd was a part of Guggenheim Baseball Management, a consortium headed by businessman Mark Walter, which purchased the Dodgers for $2.15 bn in March 2012.
In 2021, Todd and Mark Walter purchased a 27% stake in the Los Angeles Lakers. The basketball team were the third-highest valued team in the National Basketball Association, with an estimated value of $5.14 billion in early 2021.
How Did Todd Boehly Make his Money?
Todd Boehly is believed to be one of the most successful investors with several companies and sports franchises under his management. The American businessman and investor who studied at the London School of Economics made his money in the banking and investment sector.
The co-founder, CEO, chairman, and controlling member of the private investment firm, Eldridge Industries, began his professional career at Citibank and Credit Suisse First Boston before joining Guggenheim Partners in 2001. At Guggenheim Partners, Todd became very successful in the investment and finance business and launched the firm’s credit investing business where he took on asset management business responsibilities and served as president of the company.
Boehly notably fronted a deal between Time Warner Cable and the Los Angeles Dodgers in 2013 to create SportsNet LA – a regional network to broadcast all Dodgers-related programs. This broadcast began a year after the deal in 2014. The following year in 2015, Todd’s wealth saw a massive increase as he gathered some of the assets he had collected at Guggenheim, including The Hollywood Reporter, Dick Clark Productions, and Security Benefit, to found his current private investment firm called Eldridge Industries, which invests across many different sectors.
As the controlling member of Eldridge, Todd has invested in several digital companies in the technology industry which include GoPuff, AnyVision, Stash, Dataminr, Wellthy, Wealthsimple, and Tripledot Studios. Moreover, in 2020, Todd acquired a data technology company called Knoema through Eldridge.
Todd Boehly is upscaling his wealth through Eldridge and is on the board of several companies across various industries. He is the interim CEO of the Hollywood Foreign Press Association, which is a non-profit organization of journalists and photographers reporting on the entertainment industry. He is also the chairman of MRC which owns dick Clark productions and has investments in A24, Fulwell 73, and Penske Media Corporation which owned Variety, Billboard, The Hollywood Reporter, and Rolling Stone.
Eldridge has made investments in over 70 businesses, including Clearcover Insurance, DPL Financial Advisors, and real estate investments like Cain International, a real estate firm co-owned by Eldridge, Kennedy Wilson, and Langdon Park Capital. He also helped found European real investment firm Blackbrook Capital.
The American mogul also has stakes in food/hospitality industries like Aurify Brands and Chuck E. Cheese. He is on the boards of Cain International, Kennedy Wilson, PayActiv, Vivid Seats, Viral Nation, Accelerant, CAIS, Horizon Acquisition I, and Horizon Acquisition Corporation II. Moreover, Eldridge owns Stonebriar Commercial Finance, a large ticket commercial finance and leasing company, and seeded Essential Properties Realty Trust. Todd’s Eldridge co-founded CBAM Partners, an SEC-registered investment advisor which was later sold to The Carlyle Group for $787 million in 2022.
Todd Boehly Attended the London School of Economics
Todd Boehly was born on September 20, 1973, in Bethesda, Maryland. He attended Landon School before enrolling at the College of William and Mary from where he graduated in the year 1996 with a Bachelor of Business Administration in Finance. He subsequently attended the London School of Economics before launching his career.
Todd is currently married to Katie Boehly, with whom he co-founded the Boehly Center for Excellence in Finance. Having amassed a tremendous amount of money from his various investment programs, Todd is highly dedicated to giving back to society. He and his wife Katie, who share three sons – Nick, Zach, and Clay, have done great work for charities trying to find a cure for epilepsy. They have worked with organizations like Finding a Cure for Epilepsy and Seizures (FACES), Brunswick School, the Prostrate Cancer Foundation, etc.
