John Middleton’s profile picture

John Middleton

John Middleton’s profile picture
Net worth 2018: $3.05 Billion
Residence: Bryn Mawr, Pennsylvania
Country: United States
Children: 2
Education: Bachelor of Arts / Science, Amherst College; Master of Business Administration, Harvard University
BIOGRAPHY

John Middleton was born in Bryn Mawr, Pennsylvania, United States. John Middleton is #775 in List Billionaires People In The World. John Middleton made his fortune selling his family's storied tobacco business to Philip Morris-parent Altria for $2.9 billion in cash in 2007. The original business, John Middleton Inc., was founded as a small retail tobacco shop in Philadelphia in 1856 by his great-great-grandfather. The company began manufacturing cigarettes in the 1950s and launched the Black & Mild cigar brand in 1980. Middleton bought out his relatives' stakes in the company in 2003 for about $200 million amid tobacco lawsuits that threatened to harm the business. Middleton is the largest shareholder in the Philadelphia Phillies baseball team, with a 48% stake.

NET WORTH STATISTIC
2015

$2.6 Billion

2016

$2.7 Billion

2017

$2.8 Billion

2018

$3.05 Billion

TIMELINE
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