Thomas S. Ricketts
| Thomas S. Ricketts | |
|---|---|
Ricketts in 2012
|
|
| Born | May 23, 1963 |
| Residence | Wilmette, Illinois |
| Nationality | American 
|
| Education | University of Chicago, B.A. 1988, M.B.A. 1993 |
| Occupation | Owner of the Chicago Cubs Director, TD Ameritrade Holding Corporation Chairman and CEO, Incapital LLC. |
| Salary | $171,212 as Director of TD Ameritrade ? as CEO of Incapital |
| Spouse(s) | Cecelia Ricketts |
| Children | 5 |
| Parent(s) | J. Joseph Ricketts and Marlene Ricketts (née Volkmer) |
| Relatives |
Peter Ricketts (brother) Todd Ricketts (brother) Laura Ricketts (sister) |
Thomas S. "Tom" Ricketts (born May 23, 1963) is the chairman and owner of the Chicago Cubs, and the chief executive officer of Incapital LLC, a Chicago investment bank that packages corporate bonds for retail investors. He is also a director of TD Ameritrade Holding Corporation as well as the son of Ameritrade founder J. Joseph Ricketts.Forbes estimate of the Ricketts's family wealth ($1 billion), consolidated under J. Joseph Ricketts name, placed the family at #371 on the Forbes 400 list.
In January 2009, a Ricketts family bid led by Thomas Ricketts was chosen as the winning bidder for the Chicago Cubs. The bid was estimated to total around $875 million for the team and related assets. The sale was approved unanimously by the owners of the other 29 Major League Baseball teams that October. Ricketts was introduced as the chairman of the Cubs on October 31, 2009. The transaction closed in late October 2009. All four siblings (Pete, Tom, Laura, and Todd) and both parents share interest in the team through their family trust.
Ricketts is the son of Marlene Margaret (Volkmer) and J. Joseph Ricketts, who founded Ameritrade when Tom was eight years old. Ricketts Senior let it be known that he wanted his children to establish themselves through their own hard work and would not be allowed to join TD Ameritrade until they reached the age of 30.
Ricketts is the eldest of four children. His younger brother J. Peter Ricketts, who lives in Omaha, is the 40th and current Governor of Nebraska and was the unsuccessful Republican nominee for the 2006 U.S. Senate race in Nebraska. Younger sister Laura Ricketts, a lawyer, developed and runs Ecotravel.com and serves on the board of directors of Lambda Legal. Laura, Todd Ricketts, Tom Ricketts and his wife Cecelia and their five children all live in Wilmette, Illinois.
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