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Here's Who Rank As The Richest Maryland Billionaires In New Forbes 400 Report Here's Who Rank As The Richest Maryland Billionaires In New Forbes 400 Report
Here's Who Rank As The Richest Maryland Billionaires In New Forbes 400 Report Former and current sports team owners are among the richest in Maryland, though everyone is still chasing the renowned Lerner family, according to Forbes' most recent ranking of the richest people in America. With an estimated net worth of $5.8 billion, 94-year-old Annette Lerner and her family, which owns the Washington Nationals, as well as Lerner Enterprises in Rockville, are the most wealthy in Maryland, the new report states, though they are being rapidly approached by other moguls in Maryland. According to the report, "Lerner Enterprises is among the largest owners of real estate in t…

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by Zak Failla
Business
Five Maryland Billionaires Make Forbes 400 List Of 'Richest In America' Five Maryland Billionaires Make Forbes 400 List Of 'Richest In America'
Five Maryland Billionaires Make Forbes 400 List Of 'Richest In America' Maryland is home to five of the richest people in America, according to Forbes. In the last year, two have made money, two have lost money, and one is brand-new to the list. The residents on the Forbes 400, the definitive list of the richest people in the nation, are worth $4.5 trillion in total, tying the 2021 record, according to the business outlet. The Maryland billionaires on the list are: 161. Annette Lerner & family, of Chevy Chase, are new to the list, and are worth $6.5 billion. According to Forbes, in 1952, Lerner, now 93 years old, lent $250 to her 26-year-old husband, Ted…

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by Cecilia Levine
Sports
Magic Johnson Teases Another Rebrand For Washington Commanders Magic Johnson Teases Another Rebrand For Washington Commanders
Magic Johnson Teases Another Rebrand For Washington Commanders The Washington Commanders finally got a new owner (oh happy day), now could they be getting a new name? With hope springing anew after the group led by Chevy Chase native Josh Harris purchased the team from embattled former owner Dan Snyder, wholesale changes are expected to be coming for the franchise that hasn’t sniffed the Super Bowl in more than three decades. Among those changes? Possibly a new nickname away from the contentious Commanders, according to minority owner Magic Johnson. The NBA legend made news following his group’s purchase, refusing to rule out a possible name change d…

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by Zak Failla
News
Dan Snyder To Sell Commanders To Group Led By Pro Sports Tycoon, DC Billionaire: Reports Dan Snyder To Sell Commanders To Group Led By Pro Sports Tycoon, DC Billionaire: Reports
Dan Snyder To Sell Commanders To Group Led By Pro Sports Tycoon, DC Billionaire: Reports White smoke can be seen coming from FedEx field, but there’s no fire. One day after billionaire Jeff Bezos said he would stay away from the team, the Washington Commanders have reportedly been sold for a record price to a group led by Josh Harris, who looks to add to his collection of pro sports teams. pic.twitter.com/4CTiCULI0x — Barstool DMV (@Barstooldmv) April 13, 2023 The news was first reported by Sportico, Sports Business Journal, and CBS News before it was confirmed by other outlets. Already the owner of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils, Harris’ group h…

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by Zak Failla
Sports
Commanders Fined $625K Fine For Not Returning DC Fans' Ticket Deposits Commanders Fined $625K Fine For Not Returning DC Fans' Ticket Deposits
Commanders Fined $625K Fine For Not Returning DC Fans' Ticket Deposits The tired tale that is the Washington Commanders took another curious turn as the organization reached an agreement to pay out $625,000 for failing to return District’s fans’ ticket deposits during a contentious negotiation, the Attorney General announced. AG Brian Schwalb announced on Monday, April 10 that Pro-Football Inc., the corporation that owns the Commanders, will return more than $200,000 to DC residents and will pay $425,000 to the District to resolve allegations that the team didn’t act in good faith with the fans. Specifically, officials say that “the team systematically failed…

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by Zak Failla
Real Estate
Washington Commanders Owner Dan Synder Wants $49M For Maryland Mansion Washington Commanders Owner Dan Synder Wants $49M For Maryland Mansion
Washington Commanders Owner Dan Synder Wants $49M For Maryland Mansion Dan Snyder’s team isn’t the only thing he's looking to sell. The embattled Washington Commander's owner has listed his Potomac home in what could be a record-setting $49 million. Here's to hoping a buyer will meet his asking price. News of his house hitting the market comes as Snyder has been exploring a possible sale of his franchise amid allegations and investigations into a toxic workplace environment. Snyder also owns a mansion near Mount Vernon in Alexandria that is currently the most expensive residential purchase in the region at $48 million. Now he will look to top that with the s…

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by Zak Failla
Sports
Here's What We Know About The Timeline For Dan Snyder To Sell Commanders For $7B Here's What We Know About The Timeline For Dan Snyder To Sell Commanders For $7B
Here's What We Know About The Timeline For Dan Snyder To Sell Commanders For $7B Fans of the Washington Commanders have been rejoicing for days since embattled owner Dan Snyder announced that he could sell the team, however, the much-maligned head honcho of the former “Football Team” franchise will be walking away an even more wealthy man than he already is. Related story - Teen Suspect In Custody For Shooting, Attempted Robbery Of Commanders RB Brian Robinson: Police The Snyder family could be eyeing a record-setting $7 billion cash windfall for selling the Commanders franchise, shattering the previous record for the sale of a sports team, and it could happen as …

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by Zak Failla
News
US Attorney In Virginia Reportedly Investigating Washington Commanders For Financial Misconduct US Attorney In Virginia Reportedly Investigating Washington Commanders For Financial Misconduct
US Attorney In Virginia Reportedly Investigating Washington Commanders For Financial Misconduct On the same day embattled Washington Commanders owner Dan Snyder opened the door to a potential sale of at least a portion of the franchise, federal officials are reportedly launching an investigation into the team’s financial improprieties. ESPN and other national outlets reported late on Wednesday, Nov. 2 that the US Attorney’s Office in the Eastern District of Virginia launched an investigation into the team that is focused on alleged deceptive business practices. According to the report, prospectors “are focused on several areas and that the inquiry was triggered by a letter the Ho…

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by Zak Failla
News
Dan Snyder Hires Firm 'To Consider Potential Transactions' On Sale Of Washington Commanders Dan Snyder Hires Firm 'To Consider Potential Transactions' On Sale Of Washington Commanders
Dan Snyder Hires Firm 'To Consider Potential Transactions' On Sale Of Washington Commanders Washington Commanders owner Dan Snyder once famously said he would never change the name of the then Redskins. Until he did. He also vowed that he would never sell his beloved team. Until he might? Dan and Tanya Snyder announced on Wednesday, Nov. 2 that they have hired Bank of America Securities to “consider potential transactions,” including a potential sale of the franchise. “The Snyders remain committed to the team, all of its employees, and its countless fans to putting the best product on the field and continuing the work to set the gold standard for workplaces in the NFL,” they w…

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by Zak Failla
News
Seven Maryland Residents Named To Forbes List Of Richest In America Seven Maryland Residents Named To Forbes List Of Richest In America
Seven Maryland Residents Named To Forbes List Of Richest In America Seven Maryland residents were named to the Forbes list of the 400 richest people in America. The nation's wealthiest citizens are worth $4 trillion — $500 billion less than last year, Forbes said. The minimum net worth required to make the list also fell for the first time since the Great Recession, by $200 million, to $2.7 billion. The wealthiest man in the world is Elon Musk, who is worth $251 billion, and the second wealthiest is Jeff Bezos, who is worth $151 billion. Fortunes were calculated on Sept. 2 using stock prices and exchange rates. The Maryland residents who made the lis…

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by Cecilia Levine
Sports
NFL Rookie Brian Robinson Recovers After Armed Robbery, Teen Suspects Sought NFL Rookie Brian Robinson Recovers After Armed Robbery, Teen Suspects Sought
NFL Rookie Brian Robinson Recovers After Armed Robbery, Teen Suspects Sought NFL running back Brian Robinson, Jr.'s promising season took an unexpected turn after he was shot multiple times during an attempted armed robbery in Washington DC over the weekend, according to multiple reports. DC police released photos fo the suspects who approached the 23-year-old rookie athlete on the 1000 block of H Street, Northeast, flashing their handguns and trying to rob him around 5:30 p.m. Sunday, Aug. 28, authorities said. The suspects fired their guns then fled the scene in a vehicle without taking any property. Robinson was transported to a local hospital for treatment of n…

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by Zak Failla