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Frank McCourt Net Worth

How rich is Frank McCourt?

Frank McCourt net worth:
$1.2 Billion

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Frank McCourt net worth & biography:

Before buying the Dodgers and moving to La, McCourt was a Boston property developer, whose family resided in Brookline, Massachusetts. In 2013, he contributed $100 million to create the McCourt School of Public Policy, the ninth school of Georgetown University. After his unsuccessful bid to get the Red Sox, he turned his focus on the Dodgers. In 2004, McCourt purchased the Los Angeles Dodgers for $430 million from NewsCorp, Rupert Murdoch’s main business. McCourt’s purchase of the Dodgers was funded largely by debt. News Corp. received about $200 million when they resold the property to Morgan Stanley and Boston real estate investor John B. Hynes III in 2006. The Dodgers assets obtained by McCourt contained substantial property assets associated with the stadium in Chavez Ravine, including arena parking lot property. Strategies are declared for new property developments at Dodger Stadium. To cancel the purchase, McCourt increased ticket and concession costs annually. By April 2009 the team and its own associated assets, in which McCourt had invested heavily in improvements, had grown in value to $722 million according to Forbes. In 2010 the worth of the team was estimated at $727 million according to Forbes.

Frank McCourt Net Worth $1.2 Billion Dollars

Is Frank McCourt's Net Worth Deserved?

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