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Grizzly Bulls’ Billionaires Index

⬅ # 500 Takahisa Takahara|# 502 Erich Wesjohann ➡

# 501 Annette Lerner 

$5.90B

Real Time Net Worth
as of 7/2/2024

# 501 Annette Lerner 

$5.90B

Real Time Net Worth
as of 7/2/2024
OccupationOwner, Lerner Enterprises
Source of WealthReal Estate
Age94
ResidenceChevy Chase, Maryland
Marital StatusWidowed
Children3
Age-Adjusted Net Worth$591.39M
Annette Lerner
Annette Lerner
United States
Net worth: $5.90B

Self-Made Score 

Biography

Overview

Annette Lerner was born on an unspecified date.
In 1952, Annette Lerner lent $250 to her husband, Ted Lerner, to start a real estate company, Lerner Enterprises.
Annette Lerner became the heir of Ted Lerner's estate after his death in February 2023.
The Lerner family owns the Washington Nationals baseball team, with Ted passing control to son Mark in 2018.

Philanthropy

Annette Lerner and her family donate to various organizations including Children's National Hospital in D.C., George Washington University, and Hebrew University in Jerusalem.
The Annette M. and Theodore N. Lerner Family Foundation provides support to organizations such as Food & Friends, The Hebrew University of Jerusalem, and the Weizmann Institute of Science.
Annette Lerner's daughter, Marla Lerner Tanenbaum, chairs The Annette M. and Theodore N. Lerner Family Foundation and Washington Nationals Philanthropies.
The Lerner family has donated to educational institutions like George Washington University and Hebrew University in Israel, along with supporting cultural institutions like Imagination Stage in Bethesda, Maryland.

Personal Life

Annette Lerner married Ted Lerner on June 17, 1951.
The couple had three children: Mark D. Lerner, Debra Lerner Cohen, and Marla Lerner Tanenbaum.
Ted Lerner died in February 2023, leaving Annette Lerner as the sole owner and heir of Lerner Enterprises.
Annette Lerner's daughter, Marla Lerner Tanenbaum, chairs The Annette M. and Theodore N. Lerner Family Foundation and Washington Nationals Philanthropies.
Annette Lerner has nine grandchildren and 11 great-grandchildren.

How long would it take you to become as rich as Annette Lerner?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Annette Lerner's net worth of $5.90B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Annette Lerner is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Annette Lerner, Real Estate is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey