Theo Epstein was born on the 29th December 1973, in New York City, USA, and is the current President of Baseball Operations for the Chicago Cubs and was the youngest General Manager in the history of Major League Baseball(MLB) when got a job at the Boston Red Sox, aged 28. Epstein’s career started in 1995.
Have you ever wondered how rich Theo Epstein is, as of mid-2016? According to authoritative sources, it has been estimated that Theo Epstein’s net worth is as high as $8.5 million, an amount earned through his successful career in baseball operations, in addition to which Epstein has also worked in public relations, and as a sports editor during his career, which also improved his wealth.
Theo Epstein Net Worth $8.5 Million
Theo Nathaniel Epstein grew up in a Jewish family in Brookline, Massachusetts, along with his twin brother Paul, a son of Leslie Epstein, a novelist who is working as the head of the Creative Writing Program at Boston University, and Ilene. Theo’s grandfather, Philip G.
Epstein, and great-uncle, Julius J. Epstein, won the Oscar for the screenplay for “Casablanca” (1942), one of the greatest movies of all time. Epstein went to Brookline High School where he played baseball and matriculated in 1991. He later studied at Yale University – serving as a sports editor of the Yale Daily News – and graduating in 1995 with a degree in American Studies.
Soon after graduation, Theo got a job in public relations with the San Diego Padres and worked there with Larry Lucchino; the pair would work together again in Boston. Epstein became a Director of Baseball Operations and at the same time studied law at the University of San Diego School of Law, earning a Juris Doctor degree.
Lucchino left San Diego to join Boston Red Sox as their new CEO, and soon after he appointed Epstein as interim general manager in November 2003, before hiring him for good. His presence was felt as soon as he came on board, and the Red Sox won the 2004 World Series with a win over the St. Louis Cardinals, ending the black series of 86 years without a title. However, Epstein resigned in October 2005 for personal reasons, but returned the following January, signing a new contract worth $1.5 million per year, adding an Executive Vice-President title to his name, and increasing his net worth to a large degree.
Theo Epstein left Boston and joined the Chicago Cubs in October 2011, signing a five-year contract worth $18.5 million, becoming a new President of Baseball Operations, which also added a substantial amount to his net worth. The Cubs achieve notable results during his first three seasons in charge, but in 2015, they reached the National League Championship Series which was their first playoff appearance since 2008. The Chicago Cubs are in the longest championship drought in the history of the game, as thev’re been waiting for a title since 1908.
Theo has received several awards including the Carl Maddox Sport Management Award in 2007, Baseball America Major League Executive of the Year in 2008, Sporting News Executive of the Decade in 2009, and was named to the No.3 position of the Top 10 GMs/Executives of the Decade, involving all sports.
Regarding his personal life, Theo Epstein married Marie Whitney in 2007, a founder and creative director of Two Penny Blue and they have two sons together: Jack and Andrew. The wedding took place on the Boston Red Sox and Liverpool FC owner John Henry’s yacht.
Epstein is a philanthropist known for biannual Chicago and Boston benefit concerts called “Hot Stove Cool Music” that has raised more than $6 million for the “disadvantaged youth and families” in these two cities. Theo is also a founder of The Foundation to be Named Later, established in 2005.
