John Angelos is the chairman and CEO of the Baltimore Orioles, one of the oldest and most storied franchises in Major League Baseball.
He is also the president and chief operating officer of the Mid-Atlantic Sports Network (MASN), a regional sports network that broadcasts Orioles and Washington Nationals games. But how much is John Angelos worth, and how did he acquire his fortune?
Early Life and Education
John Angelos was born on October 21, 1969, in Baltimore, Maryland. He is the eldest son of Peter Angelos, a prominent lawyer and businessman who founded the Angelos Law Firm in 1961.
John grew up in a Greek-American family that valued hard work, education, and community service. John attended the Gilman School, a prestigious private school in Baltimore, where he excelled in academics and athletics.
He then went on to study at Duke University, where he graduated with a bachelor’s degree in political science and history. He later earned a Juris Doctorate from the University of Baltimore School of Law and joined his father’s law firm in the 1990s.
Career and Business Ventures
John Angelos has been involved in the management of the Baltimore Orioles since his father bought the team in 1993 for $173 million. He started as the executive vice president of the club, overseeing various aspects of the business operations, such as marketing, advertising, public relations, media, and stadium design.
He also played a key role in the creation of MASN in 2005, which secured the broadcast rights of the Orioles and the Nationals in the region. In 2020, John Angelos became the chairman and CEO of the Orioles, taking over the day-to-day responsibilities from his father, who was 91 years old at the time.
He also became the president and COO of MASN, which generates over $200 million in annual revenue. Under his leadership, the Orioles have improved their performance on the field, winning 101 games in 2023 and reaching the playoffs for the first time since 2016.
John Angelos is also the founder and president of Eutaw Street Investments, a real estate development company that focuses on revitalizing urban areas in Baltimore and other cities.
He has invested in several projects, such as the renovation of the historic Hippodrome Theatre, the construction of a luxury hotel near Camden Yards, and the development of a mixed-use complex in the Inner Harbor.
Net Worth and Philanthropy
According to SCP Magazine, John Angelos has an estimated net worth of $2 billion as of 2024. Most of his wealth comes from his ownership of the Angelos Family Enterprises, which includes the Orioles, MASN, and Eutaw Street Investments.
He also has a substantial stake in the Washington Nationals, which he acquired as part of a settlement with MLB over the broadcast rights dispute in 2012. John Angelos is known for his philanthropic efforts, especially in the areas of education, health, and culture.
He has donated millions of dollars to various causes, such as the Johns Hopkins University, the University of Maryland Medical Center, the Baltimore Symphony Orchestra, and the Maryland Food Bank.
He has also supported several initiatives that promote diversity, inclusion, and social justice, such as the OriolesREACH program, the Cal Ripken Sr. Foundation, and the NAACP Legal Defense Fund.
Future Plans and Legacy
John Angelos has reportedly agreed to sell the Orioles to a group led by David Rubenstein, a private equity billionaire, for $1.725 billion. However, the deal is yet to be finalized, as it will require approval from the other 29 MLB club owners.
The transaction is expected to be structured in a way that minimizes the tax implications for the Angelos family, as they will retain some ownership until Peter Angelos passes away.
John Angelos has said that he is proud of his accomplishments with the Orioles and MASN, and that he is confident that the new owners will continue to uphold the tradition and excellence of the franchise.
He has also expressed his gratitude to the fans, the players, the staff, and the community for their support and loyalty over the years. He has stated that he will remain involved in the baseball industry, as well as in his other business and philanthropic endeavors.
John Angelos is widely regarded as one of the most influential and successful figures in the sports and entertainment industry. He has built a remarkable legacy as the owner of the Orioles, the president of MASN, and the founder of Eutaw Street Investments.
He has also made a positive impact on the society through his generous donations and advocacy. He is a visionary leader, a passionate fan, and a devoted citizen.