Nancy Lerner’s profile picture

Nancy Lerner

Nancy Lerner’s profile picture
Net worth 2018: $1.11 Billion
Residence: Cleveland, Ohio
Country: United States
BirthDay: 1960
Children: 5
Education: Bachelor of Arts / Science, University of Cincinnati; Doctor of Jurisprudence, Cleveland State University
BIOGRAPHY

Nancy Lerner was bornon 1960 in Cleveland, Ohio, United States. Nancy Lerner is #1906 in List Billionaires People In The World. When Al Lerner died in 2002, his daughter Nancy inherited a piece of his banking fortune. The son of Russian immigrants, Al started his career as a furniture salesman, invested his earnings in Cleveland-area real estate, then got into finance. He bought control of Equitable Bancorp in 1981, combined it with Maryland National in 1989 and spun off credit card giant MBNA two years later. The family eventually merged MBNA with Bank of America in 2005 to create a $35 billion banking and credit card behemoth. The Lerners are revered in Cleveland, having brought pro football back to the city in 1999 with the reintroduction of the Cleveland Browns. The family sold the team to billionaire Jimmy Haslam for roughly $1 billion in 2012. The family also previously owned the English football club Aston Villa for a short time.

NET WORTH STATISTIC
2009

$960 Million

2010

$1 Billion

2011

$1 Billion

2016

$1 Billion

2017

$1 Billion

2018

$1.11 Billion

TIMELINE
Nancy Lerner (born 1960) is an American investor, philanthropist, and billionaire.Lerner was born to a Jewish family, the daughter of Norma (née Wolkoff) and Al Lerner. She has one brother, Randy Lerner. She received a B.A. from the University of Cincinnati and a J.D. from the Cleveland–Marshall College of Law at Cleveland State University. Her father was the CEO and chief executive of the MBNA Corporation, then the second largest issuer of credit cards in the world. When he died, his two children became billionaires. She established the Partnership for Families program which pays for In Vitro Fertilization for couples who are unable to afford the procedure.Lerner has been married thrice. Her first husband was William Beck whom she divorced in 2005. In 2005, she married Elliott Fisher. She has five children. In 2006, her daughter Emma Beck died in a go-kart accident. Lerner resides in Cleveland, Ohio.
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