Edward "Eddie" DeBartolo Jr Net Worth
Emily Baldwin What is Eddie DeBartolo’s net worth?
Eddie DeBartolo, former owner of the NFL’s San Francisco 49ers, has a net worth of $3.3 billion. He led the team to five Super Bowl titles during his 23-year ownership, a record for a single owner.
DeBartolo inherited DeBartolo Realty Corporation from his father, which he merged with Simon Property Group in the late 90s, creating one of the largest real estate conglomerates in US history. He now owns part of Famous Famiglia, a chain of pizza restaurants, and runs DeBartolo Sports and Entertainment, a chain of sports clubs.
In 1998, DeBartolo was involved in the corruption case of former Louisiana governor Edwin Edwards and pleaded guilty to failing to report a felony.
Early Life
Edward J. DeBartolo Jr. was born on November 6, 1946 in Youngstown, Ohio. His parents were Marie Montani and Edward J. DeBartolo Sr., a famed real estate developer. He has a younger sister named Denise who went on to become a billionaire businesswoman.
DeBartolo Jr. attended Cardinal Mooney high school. He later went on to attend the University of Notre Dame in Indiana for his higher education.
Eddie DeBartolo’s Career
Eddie DeBartolo started his career in real estate development, working on shopping malls with his father’s company, the Edward J. DeBartolo Corporation. The business eventually grew into one of the largest public real estate companies in the United States, controlling over two billion square feet of retail space at its peak.
Eddie DeBartolo Jr’s Success as Owner of the San Francisco 49ers
Eddie DeBartolo Sr. purchased the San Francisco 49ers in 1977 and gave ownership to his son, who invested heavily in the team’s management. The 49ers became the most successful franchise in the NFL in the 80s and 90s, winning five Super Bowls under coaches George Seifert and Bill Walsh. DeBartolo Jr. became the NFL owner with the most Super Bowl victories in history and the 49ers had the most wins within a decade of any NFL team during his ownership. Eddie DeBartolo Jr. was later inducted into the 49ers Hall of Fame in 2009.
Eddie DeBartolo’s Legal Troubles
Eddie DeBartolo was accused of sexual assault by a cocktail waitress in 1992, which he denied, but reportedly settled out of court for $200,000. In 1998, he was involved in a corruption case against former Louisiana governor Edwin Edwards, where he allegedly paid $400,000 for a riverboat casino license. DeBartolo Jr. pleaded guilty to failing to report a felony and was fined $1 million and barred from active control of the 49ers for one year. He handed control of the team over to his sister in 2000.
Eddie DeBartolo’s Family
Eddie DeBartolo and his wife Candy have three daughters: Lisa, Nicole, and Tiffanie. Tiffanie is a novelist and filmmaker who directed “Dream for an Insomniac” and co-founded the record label Bright Antenna and the ShineMaker Foundation.