Edward DeBartolo, Jr.’s profile picture

Edward DeBartolo, Jr.

Edward DeBartolo, Jr.’s profile picture
Net worth 2018: $2.76 Billion
Industry: Real Estate
Residence: Tampa, Florida
Country: United States
BirthDay: 17 May 1909
Sigh: Gemini
Died On: 19/12/1994
Children: 3
Education: Bachelor of Arts / Science, Notre Dame University

Edward DeBartolo, Jr. was bornon 17 May 1909 in Tampa, Florida, United States. Edward DeBartolo, Jr. is #867 in List Billionaires People In The World. While most of his wealth comes from real estate, shopping mall magnate Edward Debartolo Jr. is best known as one of the most successful NFL owners. Under Debartolo's ownership, the San Francisco 49ers won five championships during the 1980's and 1990's. In 2000, six years after their father's death, he and his sister Denise York finalized the separation of their father's estate. Denise became the owner of the 49ers while DeBartolo got full ownership of the family's real estate holdings. DeBartolo now runs a property development and investment firm based in Florida and owns shares in publicly-traded Simon Property Group.


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$2.76 Billion


In 1996, DeBartolo Realty Corporation was acquired by Simon Property Group, the public REIT formed by DeBartolo's longtime competitors, Melvin and Herbert Simon


DeBartolo died of pneumonia on December 19, 1994 in Youngstown, Ohio at the age of 85


In late 1993, the two largest shopping center companies at the time, DeBartolo and Simon were coming to the market simultaneously


In 1992, William Dillard, founder of Dillard's, bought DeBartolo's share, except for the property interest in Higbee's Public Square flagship store in Cleveland (sold to Tower City in 2001), and renamed it the Higbee chain


In 1990, Federated went bankrupt, defaulting on the repayment of the loans made by DeBartolo; it emerged from bankruptcy after the ouster of Campeau in 1992 as a new public company under the name "Macy's, Inc


In 1988, he partnered with Dillard's Department Stores to buy Higbee's of Cleveland, Ohio


Campeau repaid the money, and in 1986, DeBartolo assisted in financing Allied Stores Corporation's acquisition of Federated Department Stores, a department store holding company and the owner of, among other assets, Macy's and Bloomingdale's department stores


DeBartolo founded the Pittsburgh Maulers of the United States Football League in March 1983, but folded the team after the first season (1984) when the league announced it would move to a fall schedule, the same time as the NFL's Pittsburgh Steelers


While DeBartolo was unsuccessful in his attempt to purchase the Chicago White Sox in 1980, he owned and developed three thoroughbred racetracks – Thistledown in Cleveland, Remington Park in Oklahoma City, and Louisiana Downs in Bossier City, Louisiana


" He also owned the soccer team Pittsburgh Spirit from 1978 until 1986


The family also owned the Pittsburgh Penguins of the National Hockey League from February 1977 until selling it to an ownership group led by Howard Baldwin in November 1991


In 1971, his Ohio-based corporation was ranked as 47th among the nation's top 400 construction contractors


It was during the War, in 1944, that he married Marie Patricia Montani and incorporated his own company, The Edward J


(May 17, 1909 – December 19, 1994) was an American businessman

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