Ted Lerner
| Ted Lerner | |
|---|---|
| Born |
October 15, 1925 Washington, DC, U.S. |
| Residence | Chevy Chase, Maryland |
| Nationality | United States |
| Alma mater | George Washington University |
| Occupation | Managing principal owner of Washington Nationals & Lerner Enterprises |
| Net worth |
 US$5.2 billion (February 2016) |
| Spouse(s) | Annette Lerner |
| Children | Mark Lerner Debra Lerner Cohen Marla Lerner Tanenbaum |
| Parent(s) | Ethel & Mayer Lerner |
Theodore N. "Ted" Lerner (born October 15, 1925) is an American real estate developer, managing principal owner of the Washington Nationals baseball team, and founder of the real estate company Lerner Enterprises, the largest private landowner in the Washington metropolitan area, which owns commercial, retail, residential and hotel properties, as well as Chelsea Piers in New York City. In 2015, Forbes magazine named him the richest person in the State of Maryland.
Lerner was raised in an Orthodox Jewish family in Northwest Washington D.C., the eldest of three children born to Mayer, a 1921 emigrant from Palestine, and Ethel, who emigrated from Lithuania. He has one brother Lawrence and one sister, Esther. He attended Raymond Elementary School, McFarland Junior High, and graduated from Roosevelt High School in 1944. He then served with the U.S. Army as a typist during the latter part of World War II. He then went on to attend George Washington University via the G.I. Bill where he received first an Associate of Arts and then in 1949, he graduated with a L.L.B. from The George Washington University Law School. While in law school, he sold homes on the weekends which piqued his interest in real estate.
In 1952, he borrowed $250 from his wife and founded the real estate company Lerner Enterprises in Rockville, Maryland. It operates primarily throughout the Washington, D.C. metropolis. Lerner Enterprises is the largest private landowner in the Washington, D.C. region.
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