His arrival set in motion an unprecedented level of spending, the like of which football has never seen before. We dissect the true value of Todd Boehly’s net worth below to see how he grew to become one of the Premier League’s wealthiest owners.
Todd Boehly Background
Long before his £4.2 billion acquisition of Chelsea in the summer of 2022 – the largest takeover in football history – Todd Boehly’s interest in the commercial side of elite sports was clear to see.
Although his background in investment banking and financial services is the reason for his astronomical wealth, his earliest sporting endeavours started over a decade ago.
Boehly fronted $100 million of his own money to ensure his place in the ownership group that bought MLB team Los Angeles Dodgers for $2 billion in 2012 – his stake in the franchise has now grown to 20%.
Boehly later struck a deal in 2013 between Time Warner Cable and the Dodgers, in order to create a broadcasting network specific to the team itself.
The summer before setting his sights on the Premier League, Boehly continued his LA-centric investments, acquiring a 27% stake in the NBA’s third-most valuable team – the Los Angeles Lakers.
His rise to eventually become one of the richest people in the US was kickstarted in 2015, when he founded investment company Eldridge, which has an annual turnover of $22 million according to Growjo. One of their largest investments, Security Benefit Life Insurance, deals with $49.9 billion in assets.
Todd Boehly Net Worth and Assets
As of 2023, Todd Boehly is listed as the 184th richest man in the USA, according to Forbes.
At the time of writing, Forbes also list his net worth to be $6.1 billion (£4.96 billion), making him the 441st richest person in the world. This current value represents a rise of $1.6 billion dollars on his estimated net worth in 2022.
Eldridge is the main driver behind an ever-increasing net worth, with the investment company branching out from large-scale insurance and real estate acquisitions to also cover media and entertainment.
Below we have listed just some of the household companies and organisations Boehly is the owner of, or has controlling stakes in. Bear in mind he also boasts an extensive list of investments in real estate, insurance, science, technology, textiles and the restaurant industry.
- SPORTS – DraftKings, Chelsea FC, LA Dodgers, LA Lakers, Strasbourg FC
- MEDIA – CEO of Hollywood Foreign Press and owner of MRC, who manage publications such as Billboard and Rolling Stone
Todd Boehly Breaking Transfer Records For Fun at Chelsea
After two trophy-laden decades under the guidance of Roman Abramovich, who single-handedly changed the makeup of English football, handing over Chelsea Football Club to an equally frivolous spender was inevitable.
Boehly’s arrival in English football back in May 2022 signalled the start of a new era at Stamford Bridge. Although record breaking amounts of money havs been spent in each of his three transfers windows in charge, the American billionaire and the rest of his hierarchy have a clear policy and direction – a heavy emphasis on nurturing the next generation of young talent.
In total, the Blues have surpassed £1 billion in transfer fees in little over a year since Boehly touched down on these shores. His first summer in charge saw him decimate the single-window record, before going on to better that total in January 2023; a window that is typically much quieter than the summer.
As recent history has shown, however, quantity doesn’t necessarily equal quality – in fact, quite the opposite. Boehly’s first season in charge resulted in Chelsea’s lowest ever points tally in the Premier League era, finishing all the way down in 12th.
The American has also continued Abramovich’s tradition of cycling through managers, with three separate personnel taking over the reins throughout the 2022/23 campaign.
Todd Boehly Controversies
Todd Boehly has managed to steer clear of the limelight for most of his life despite being one of the wealthiest men on the planet, and his preference for quiet investment has obviously paid dividends, and then some.
He has largely used his wealth to further his own capital gain, but his philanthropic endeavours, particularly in education, are notable.
However, being the front man at one of the world’s most iconic football clubs leaves no room for hiding.
Chelsea fans certainly can’t complain about a lack of investment or ambition, but English football being as deep-rooted and tribal as it is, fans of course took up the chance to berate him upon his arrival.
Boehly’s suggestion to have a South vs West ‘All-Star Game’ was met with widespread mockery, with Jurgen Klopp the most notable public adversary to what was labelled as an ‘Americanism.’
Gary Neville has also accused Boehly of ‘playing Football Manager in real life’ amid his remarkable spending habits.
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