What is Steve Bisciotti’s net worth? How the Baltimore Ravens owner made his fortune
The 63-year-old owner hailing from Philadelphia is regarded by many as one of the richest in the National Football League, so we thought we’d take a look.
The Baltimore Ravens have rightfully established themselves as one of the premier teams in the NFL. After securing their spot in the Conference Championship round, all eyes turned to the M&T Bank Stadium’s executive suite in search of the mastermind behind the franchise’s success. Steve Bisciotti has successfully assembled a roster that, with all due respect to Kansas City, aims to contend for the Super Bowl in the coming years. But who is Steve Bisciotti, and how did he amass such a fortune?
The finance behind Ravens’ Bisciotti
Bisciotti, the entrepreneurial genius, was born on April 10, 1960, in Philadelphia, Pennsylvania. Hailing from a middle-class Italian-American family, Bisciotti graduated with a degree in economics from Salisbury University. In 1983, he, along with his cousin Jim Davies, founded Aerotek, a private company specializing in the recruitment of employees for third-party companies in the aerospace and technology sectors. Today, the company boasts annual revenues of $15 billion, according to Forbes.
Have you ever wanted to know more about what it’s like to work as an internal employee at Aerotek?
— Aerotek (@Aerotek) January 19, 2024
We're excited to launch our brand new Instagram profile dedicated to showcasing the moments and people that create our workplace. Follow us for a first look into how our employees… pic.twitter.com/lPflzY0jlw
The company was absorbed by Allegis Group, a firm predominantly owned by Bisciotti. By 2018, Allegis Group had over 19,000 employees across its various branches.
And they've done it with consistency & great leadership in their "homegrown" front office (Ozzie Newsome has been with the Browns/Ravens franchise as a player & exec since 1978!!)
— Sage Steele (@sagesteele) January 21, 2024
But it starts at the top with Steve Bisciotti, hands down THE BEST owner in the NFL. @Ravens https://t.co/8MLSrLMr7h
Maintaining a low profile until the early 2000s, in 2004 Bisciotti completed the acquisition of the entire stake in the Baltimore Ravens for a sum exceeding $325 million. In 2000, the Pennsylvania native had already acquired 49% of the sports entity’s shares, including a clause that allowed him to acquire the remaining shares four years later.
🧐🧐🧐🤯 Money talks, but theirs are speaking different languages! 😩 Who’s winning this weekend? pic.twitter.com/3Ao5Rr1Mq3
— Marcellus Wiley (@marcelluswiley) January 22, 2024
What is the estimated net worth of Steve Bisciotti?
Related stories
According to Forbes, Bisciotti’s total net worth amounts to $7.3 billion, placing him at position 143 on the prestigious Forbes list. Nearly half of this wealth ($3.4 billion) is attributed to the Ravens, who secured a Super Bowl victory in 2013.
Stay in touch with the Ravens and all NFL news with us at AS USA.