Tom Ricketts Net Worth

Tom Ricketts’ Net Worth: A Deep Dive into the Chicago Cubs Owner’s Wealth and Career

Introduction: Who is Tom Ricketts?

Tom Ricketts is a prominent American businessman, best known as the chairman and owner of the Chicago Cubs, a Major League Baseball (MLB) team. Born in Omaha, Nebraska, Ricketts has built a career that spans investment banking, finance, and sports management. His net worth is a subject of public interest, reflecting his success in various ventures. This article delves into Tom Ricketts’ financial standing, career, and influence within the business and sports worlds.

Breaking Down Tom Ricketts’ Net Worth

As of the latest estimates, Tom Ricketts’ net worth is approximately $900 million. This substantial wealth is derived from a combination of his business holdings, investments, and ownership of the Chicago Cubs. The majority of his wealth stems from his successful investments and his role in the financial sector, coupled with the increasing value of the Cubs franchise since his acquisition.

Tom Ricketts’ Career and Business Ventures

Tom Ricketts’ career is marked by significant achievements in the financial sector. He currently serves as the chief executive officer and chairman of Incapital LLC, a Chicago-based investment bank. In addition to his leadership at Incapital, Ricketts has been a director of TD Ameritrade Holding Corporation. His career began in the investment banking industry, where he honed his skills and built a strong reputation. These roles have been instrumental in accumulating his wealth and establishing him as a respected figure in the business community.

The Chicago Cubs and Ricketts’ Ownership

The acquisition of the Chicago Cubs in 2009 was a pivotal moment in Tom Ricketts’ career. He led a consortium of family members to purchase the team for $850 million. Under his ownership, the Cubs have seen significant changes, including a World Series victory in 2016, the team’s first championship in over a century. Today, the Cubs are valued at around $2.6 billion, a testament to Ricketts’ stewardship and the team’s success on and off the field. This has significantly contributed to his net worth.

Key aspects of the Cubs ownership include:

• Financial Investment: The initial investment and subsequent financial management of the team.
• Team Performance: The impact of on-field success on the franchise’s value.
• Infrastructure Development: Investments in stadium improvements and facilities.

Political Affiliations and Public Statements

Tom Ricketts has publicly expressed his political views on several occasions. He has made it public that he supports Donald Trump for President. These statements have occasionally drawn media attention and public discussion, reflecting his engagement with political issues.

Family and Background

Tom Ricketts was born in Omaha, Nebraska, in May 1963. He earned an A.B. and an M.B.A. from the University of Chicago. His family has strong ties to the business world. His father, J. Joseph Ricketts, founded TD Ameritrade. His brother, Peter Ricketts, currently serves as the 40th Governor of Nebraska. These familial connections have provided him with a solid foundation and valuable insights into business and leadership.

Conclusion: Tom Ricketts’ Legacy

Tom Ricketts has made a significant impact in both the business and sports worlds. His net worth of $900 million reflects his successful career and investments, most notably his ownership of the Chicago Cubs. Through his leadership, he has transformed the Cubs franchise and solidified his position as a prominent figure in American business. His legacy is defined by his financial acumen, his commitment to the Cubs, and his engagement with the public sphere.