What is Jeffrey Loria’s net worth? His wealth is estimated at $500 Million.
Jeffrey Loria’s Background
Born on November 20, 1940, in Manhattan, New York City, Jeffrey Harold Loria comes from a Jewish background. Professionally, he is an art dealer, but he is better recognized as the owner of the Miami Marlins, a Major League Baseball (MLB) team. He was also the previous owner of the Montreal Expos. These ventures have substantially contributed to his current net worth.
As of late-2016, sources reported Loria’s net worth to be $500 million, primarily earned through a successful business career. His sports team ownerships have also played a significant role in augmenting his wealth. Additionally, his board memberships in various organizations have further solidified his financial position.
Jeffrey Loria’s Financial Status
Loria’s interest in baseball emerged early in his life. After attending Stuyvesant High School and Yale University, initially pursuing pre-med studies but later switching to art and art history, he launched his private art dealing business called Jeffrey H. Loria & Co in 1965. Specializing in 20th-century masters, Loria’s collection includes works of renowned artists such as Henry Moore and Pablo Picasso. Alongside his art ventures, Loria went on to publish books and pursue a business education, graduating from Columbia Business School in 1968.
Loria has remained active in the art business, but his true passion lies in baseball. He made his first foray into team ownership by purchasing the Oklahoma City 89ers, the AAA affiliate of the Texas Rangers in 1989. He later ventured into MLB team ownership, initially acquiring a stake in the Montreal Expos, which eventually led to his ownership of the Florida Marlins. The Marlins’ successes, including winning the World Series in 2003 and the growth in the team’s value over the years, significantly bolstered Loria’s net worth. However, his ownership has also faced criticism from various quarters.
On the personal front, Jeffrey Loria is married to Julie Lavin, and the couple splits their time between South Florida and New York, where they own homes. Furthermore, Loria is actively involved in various boards and organizations, including serving as a board member of the Benjamin N. Cardozo School of Law at Yeshiva University and formerly as a member of the Art Dealers Association of America.
- Structural Info
| Net Worth | $500 Million |
| Date Of Birth | November 20, 1940 |
| Place Of Birth | Manhattan, New York City, New York, United States |
| Profession | Art dealer |
| Education | Yale University, Stuyvesant High School, Columbia Business School, Columbia University |
| Nationality | American |
| Spouse | Julie Lavin Loria |
| Parents | Ruth Ost Loria |
