Malcolm Glazer net worth, biography, age, wife, parents, career and latest updates.
Malcolm Glazer was an American entrepreneur and sports team owner, who served as the President and CEO of First Allied Corporation – a holding company for his various business ventures. Glazer owned two prominent sports teams: Manchester United of the Premier League and the Tampa Bay Buccaneers of the National Football League.
Glazer’s foray into the business world began at a young age. At 15 years old, he was forced to enter the workforce after his father’s death. To support his family, Glazer began selling watches door-to-door. In a quote cited by Reuters, Glazer described his father’s passing as “probably the most tragic thing that ever happened in my life, but it was good in one way” because “it made me a man.”
Glazer built a reputation for successful investments in real estate, banking, and healthcare, among other sectors, throughout his career. People widely acknowledged him as a shrewd businessman with a sharp focus on profitable opportunities.
Malcolm Glazer Biography & Profile Summary
Malcolm Irving Glazer was an American businessman and sports team owner. He was born on August 15th, 1928, in Rochester, New York, and passed away on May 28th, 2014, at Palm Beach, Florida, in the United States of America.
| Name | Malcolm Irving Glazer |
|---|---|
| Birthdate | May 15, 1928 |
| Birthplace | Rochester, New York, USA |
| Nationality | American |
| Education | Graduated from Samford University |
| Occupation | Businessman, Owner of the Tampa Bay Buccaneers and Manchester United |
| Net Worth | $4 billion |
| Spouse | Linda Glazer |
| Children | 6 |
| Death | May 28, 2014 (aged 86) |
Malcolm Glazer Early Life and Family
Glazer was the fifth of seven children of Lithuanian-born immigrants, Abraham and Hannah Glazer. At the age of 8, he began working in his father’s watch parts company, and when his father passed away when he was 15, he sold watches door to door to support his family.
He briefly studied at Sampson College in Romulus, New York, before dedicating his entire life to the restoration of jewelry and timepieces. He was known as “the leprechaun” in the news, a diminutive man with a reddish beard.
Malcolm Glazer Business Career
At the Sampson Air Force Base, Glazer acquired the concession for watch repair. He began investing in Rochester single-family houses, duplexes, and commercial structures after the base closed in 1956. Eventually, he owned commercial real estate all over the country.
He acquired the upstate New York National Bank of Savannah in 1963, and he bought the West Hill Convalescent Center in Hartford, Connecticut, the first of five healthcare facilities he would eventually control. For $20 million, he bought three television stations in 1976, including WRBL in Columbus, Georgia.
Glazer established First Allied Corporation in 1984 as a holding company for all of his business ventures, serving as president and CEO. In 1988, he became the company’s largest stakeholder, and in the years that followed, he held the same position with Harley-Davidson, a maker of motorcycles.
George H. W. Bush formed the oil and gas company Zapata Corporation, which Glazer took control of. Fish protein and Caribbean supermarkets were two areas of effective diversification for Glazer. Food service equipment, food packaging, food supplies, marine protein, broadcasting, health care, real estate, banking, natural gas and oil, the internet, stocks, and bonds were all part of Glazer’s vast investment portfolio.
Malcolm Glazer Manchester United Ownership
In a £790 million buyout, Glazer bought out Manchester United stockholders one at a time between 2003 and 2005. Due to financial issues, a sizable percentage of Manchester United’s supporters opposed Glazer’s purchase.
When Glazer had a stroke in April 2006, his sons Joel and Avram took over the club’s daily operations. After Glazer passed away in 2014, his family continued to operate the club. The six children of Glazer each own an equal share of the club’s 90% ownership.
Malcolm Glazer Parents
Malcolm Glazer was born to Abraham Glazer and Hannah Glazer, who were both Jewish immigrants. Abraham Glazer was a Lithuanian immigrant who came to the United States in the early 1900s. Hannah Glazer, on the other hand, was a Romanian immigrant who arrived in the US in the 1920s.
Abraham and Hannah Glazer had seven children, including Malcolm. Their other children were Jerome Glazer, Jeanette Goldstein, Marcia Glazer, Rosalind Glazer, Evelyn Glazer, and Dorothea Glazer.
The Glazer family lived in Rochester, New York, where Abraham worked as a watch-parts salesman. Despite their modest means, the Glazers placed a strong emphasis on education and all of their children went on to attend college.
Malcolm Glazer’s parents instilled in him the values of hard work and perseverance. These values helped shape his business career, as he went on to become a successful businessman and owner of the Tampa Bay Buccaneers and Manchester United football club.
Malcolm Glazer Wife
Malcolm Glazer was married to Linda Glazer in 1961. Together, they had five sons and a daughter: Avram Glazer, Kevin Glazer, Bryan Glazer, Joel Glazer, and Edward Glazer.
Unfortunately, Malcolm Glazer passed away on May 28, 2014, in Palm Beach, Florida, bringing an end to their marriage. Linda Glazer, his wife, was left to mourn his passing and carry on their legacy with their children.
Glazer’s death in 2014 sparked widespread mourning, particularly in the world of sports. Tampa Bay Buccaneers owner Bryan Glazer released a statement that read in part, “The thoughts and prayers of our organization are with his wife, Linda, his six children, and the rest of the Glazer family.”
Malcolm Glazer Net Worth
Malcolm Glazer had an estimated net worth of around $4 billion, as per available information on the internet. Forbes, a popular American business magazine, estimated his net worth to be $4 billion at the time of his death.
