Stephen Bisciotti’s profile picture

Stephen Bisciotti

Owner, Baltimore Ravens
Stephen Bisciotti’s profile picture
Net worth 2018: $4.28 Billion
Industry: Sports
Residence: Millersville, Maryland
Country: United States
BirthDay: 10 April 1960
Sigh: Taurus
Children: 2
Education: Bachelor of Arts / Science, Salisbury State University
BIOGRAPHY

Stephen Bisciotti was bornon 10 April 1960 in Millersville, Maryland, United States, is Owner, Baltimore Ravens. Stephen Bisciotti is #520 in List Billionaires People In The World. Steve Bisciotti is the cofounder of Allegis Group, the world's largest private staffing firm. He started the business with his cousin, and fellow billionaire, Jim Davis. Allegis now brings in $11 billion in annual revenue. Bisciotti, who was raised by a single mother in Baltimore, went to college at nearby Salisbury State University. He worked for a year in the staffing industry after college before launching his first company with Davis. He owns the NFL's Baltimore Ravens, which most recently won a Super Bowl title in 2012.

NET WORTH STATISTIC
2009

$1.55 Billion

2010

$1.3 Billion

2011

$1.3 Billion

2012

$1.6 Billion

2013

$2.1 Billion

2014

$2.6 Billion

2015

$3.2 Billion

2016

$3.7 Billion

2017

$3.8 Billion

2018

$4.28 Billion

TIMELINE
Stephen J. Bisciotti (born April 10, 1960) is the current majority owner of the Baltimore Ravens of the National Football League. He founded a family of technical staffing companies known as Allegis Group, which owns Maxim Healthcare, Aerotek, Aston Carter, and TEKsystems.Steve Bisciotti came from a working-class Italian-American family in a Baltimore suburb. His parents, Bernard and Patricia Bisciotti, moved to Severna Park, Maryland, in March 1961.Growing up, Bisciotti loved sports. His father took the children to Baltimore Orioles and Colts games. He attended the Severn School but left after a year for Severna Park. In his senior year at Severna Park High School, he played on the football team, though he has said he "wasn't much of a high school athlete."In 1982, Bisciotti graduated from Salisbury State University in Maryland with a degree in liberal arts. A year later, at 23, he and his cousin Jim Davis started Aerotek, a staffing company in the aerospace and technology sectors. Running the company out of a basement office with secondhand equipment, Bisciotti and Davis produced $1.5 million in sales in the first year. Aerotek grew into the Allegis Group, which is now the largest privately held staffing firm in the United States and fourth in the world. Bisciotti's involvement in the sports business has brought more attention to his once low-profile company.On March 27, 2000, NFL owners approved the sale of 49% of the Ravens to Bisciotti. In the deal, Bisciotti had an option to purchase the remaining 51% for $325 million in 2004 from Art Modell. On April 9, 2004 the NFL approved Steve Bisciotti's purchase of the majority stake in the club.One of the first projects Bisciotti directed as owner of the Ravens was to build the team's state-of-the-art training and practice facility, dubbed "The Castle," which opened in October 2004.Bisciotti fired Brian Billick after the 2007 season, although Billick's eight years as the Ravens' head coach included the team's win in Super Bowl XXXV. He then surprised many observers by selecting John Harbaugh as his new coach, despite Harbaugh's peak of previous experience being a single year as a defensive backs coach after several successful years as the special teams coach for the Philadelphia Eagles.In 2012, the Baltimore Ravens capitalized off a 10-6 season to go on to win Super Bowl XLVII against the San Francisco 49ers on February 3, 2013.In 2005, Bisciotti ranked 378 among the Forbes 400, a list of the richest Americans.In 2009, Aerotek, the company Biscotti co-founded, reached a $1.2 million settlement in a class-action lawsuit filed on behalf of more than 1,000 Aerotek workers who worked at a Verizon Internet Services call center in Martinsburg, West Virginia, which was closed in December 2006. The company then was sued to settle claims that the workers were not paid in a timely fashion for accrued personal time and were not paid all of the wages that were due in accordance with the West Virginia Wage Payment and Collection Act and Fair Labor Standards Act, according to Berkeley County Circuit Court records.Bisciotti is a devout Roman Catholic, and on the board member for both Associated Catholic Charities and Mother Seton Academy. He and his wife Renée (Foote) have two sons, Jason and Jack. The family lives on the Point Field Landing of the Severn River in Maryland.
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