⬅ # 392 Thomas Hagen|# 394 Robert Rich Jr

# 393 Stephen Bisciotti 

$6.96B

Real Time Net Worth
as of 7/12/2024

# 393 Stephen Bisciotti 

$6.96B

Real Time Net Worth
as of 7/12/2024
OccupationOwner, Baltimore Ravens
Source of WealthStaffing, Baltimore Ravens
Age64
ResidenceHobe Sound, Florida
Marital StatusMarried
Children2
EducationBS, Salisbury State University
Age-Adjusted Net Worth$5.31B
Stephen Bisciotti
Stephen Bisciotti
United States
Net worth: $6.96B

Self-Made Score 

Wealth History

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Biography

Early Life

Stephen J. Bisciotti was born on April 10, 1960, in Philadelphia, Pennsylvania, and grew up in Severna Park, Maryland.
Raised in a middle-class Italian-American family, he lost his father to leukemia at the age of 8, and his maternal grandfather supported the family afterward.
Attended Severn School and later transferred to Severna Park High School, where he played football.
Graduated from Salisbury State University in 1982 with a degree in liberal arts.

Career

Co-founded Aerotek, a staffing company, with his cousin Jim Davis in 1983, starting from a basement office.
Aerotek evolved into Allegis Group, the largest privately held staffing firm globally.
Had US$13.4 billion in revenue and 19,000 employees as of 2018.

Sports Ownership

Acquired 49% ownership of the NFL's Baltimore Ravens in March 2000, with an option to buy the remaining 51% from Art Modell.
Became majority owner in April 2004, leading the team to victory in Super Bowl XXXV in 2001.
Directed the construction of the Ravens' training facility, 'The Castle,' opened in October 2004.
Fired Brian Billick in 2007 and appointed John Harbaugh as head coach, leading to a Super Bowl win in 2013.

Aerotek Lawsuit

In 2009, Aerotek settled a $1.2 million class-action lawsuit filed by over 1,000 workers for unpaid wages and benefits.
The lawsuit stemmed from the closure of a Verizon call center in Martinsburg, WV, where workers claimed they were not paid properly.
Settlement reached to resolve claims under the West Virginia Wage Payment and Collection Act and Fair Labor Standards Act.

Personal Life

Stephen Bisciotti is Catholic and actively involved with Associated Catholic Charities and Mother Seton Academy.
Married to Renee Bisciotti, they have two sons and reside on the Severn River in Maryland.
Aside from owning the Ravens, Bisciotti possesses assets like a $20 million yacht named 'Winning Drive' and 2 Dassault Falcon private jets.

How long would it take you to become as rich as Stephen Bisciotti?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Stephen Bisciotti's net worth of $6.96B.

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 51.86% compared to 19.03% for the S&P 500 benchmark.

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Stephen Bisciotti 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 Stephen Bisciotti, Staffing and Baltimore Ravens are the primary sources. 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