Norma Lerner’s profile picture

Norma Lerner

Norma Lerner’s profile picture
Net worth 2018: $1.11 Billion
Residence: Cleveland, Ohio
Country: United States
BirthDay: 1935
Children: 2
BIOGRAPHY

Norma Lerner was bornon 1935 in Cleveland, Ohio, United States. Norma Lerner is #1906 in List Billionaires People In The World. Norma Lerner is the widow of Al Lerner (d. 2002), who made a fortune as founder of credit card giant MBNA. Al was born in Brooklyn, New York to Russian immigrants, and began his career selling furniture and investing his earnings in Cleveland-area real estate. He bought control of Equitable Bancorp in 1981, combined the company with Maryland National in 1989, and spun off MBNA in 1991. The Lerner family eventually merged MBNA with Bank of America in 2005 to create a $35 billion credit card and banking behemoth. The Lerners are the former owners of the Cleveland Browns and the English Premier League's Aston Villa.

NET WORTH STATISTIC
2009

$960 Million

2010

$1 Billion

2011

$1 Billion

2016

$1 Billion

2017

$1 Billion

2018

$1.11 Billion

TIMELINE
Norma Lerner (born 1935/36) is an American billionaire, the widow of Al Lerner, founder of the credit card company MBNA.She was born Norma Wolkoff, and married Al Lerner in 1955From 2006 to 2011, she was a member of the United States Holocaust Memorial Council, and a member of its executive committee.She is chair and president of the Lerner Foundation, director of the Cleveland Clinic, co-founder of the Lerner Research Institute, and founder of the Cleveland Clinic Lerner School of Medicine at Case Western Reserve University.In 1955, she married Al Lerner. They were married for 47 years and had two children, business executive Randy Lerner, and Nancy Lerner. The Lerners were members of Temple Tifereth-Israel in Cleveland. Lerner is widowed, and lives in Cleveland, Ohio.
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