Malcolm Irwin Glazer was a Rochester, New York-born businessman who w as President and CEO of First Allied Corporation, but who was perhaps better known for being the former owner of Tampa Bay Buccaneers American football team, English Premier League soccer team Manchester United. Born on 15 August, 1928, Malcolm’s parents were Lithuanian-Jewish immigrants. Noted for being one of the richest people in the world with his wealth of billions of dollars, Malcolm died on 28 May, 2014.
A highly regarded businessman around the world, how rich was Malcolm Glazer at the time of his death? In 2014, Malcom had his net worth counted at a decent amount of $5 billion. Needless to say, his major source of income was his involvement in various major business ventures, initially with First Allied Corporation.
Malcolm Glazer Net Worth $5 Billion
Raised in Rochester, Malcolm inherited a wholesale jewelry and watch repair business from his father in 1943. He was a college drop-out, as he left Samson College in order to put his whole time into the business. Eventually, he started expanding his business and ventured into different sectors including real estate, nursing homes, television stations and more. All of these business ventures found mediocre success, but nevertheless Malcolm’s net worth started to rise at this point of his life, as he started expanding his business in parts other than jewelry and watch repair.
In 1984, Malcolm founded First Allied Corporation which is a holding company. Via this company, Malcolm put his hands on various, different companies where he served in various executive and presidential posts. Although his grand success at business was yet to come, this company earned Malcolm millions of dollars over the years.
Malcolm became a popular businessman when he bought Tampa Bay Buccaneers in 1995 and served as the president of the franchise. The Buccaneers won Super Bowl XXVII, so the success of this franchise began to rise while earning millions of dollars each year. As Malcolm’s first venture in sports went on to become massively successful, he later bought the Manchester United club in 2005, one of the richest clubs in the world as of now, and has been very popular and successful since Glazer bought it.
Obviously, Malcolm is a highly regarded name when it comes to the business sector of America. However, Malcolm also managed to be noted as a philanthropist. He was the founder of the Glazer Family Foundation, established in 1999, which still works for the betterment in education around the Tampa Bay area. Malcolm was also involved in many charitable functions and donated millions for different social organizations including Tampa Bay Sports Commission.
As for his personal life, Malcolm was married to Linda Glazer from 1961, and they had six children. One of the most successful businessmen of America, Malcolm Glazer deceased on 28 May, 2014 at the age of 85 in Rochester, New York. He is survived by his wife and children, who are the owners of Malcolm’s net worth, at the time of his death $5 billion.
