#2963
Norma Lerner
United States 90 years old
Overview
- Source of Wealth
- Banking
- Industry
- Finance & Investments
- Residence
- Cleveland, Ohio
- Marital Status
- Widowed
- Children
- 2
Biography
Norma Lerner is the widow of Al Lerner (d. 2002), who made a fortune as founder of credit card giant MBNA.
Al started his career as a furniture salesman, invested in Cleveland-area real estate and bought control of Equitable Bancorp in 1981.
Equitable Bancorp and Maryland National formed the credit card giant MBNA, which was acquired by Bank of America for $35 billion in 2005.
About
The family sold the English football club Aston Villa for $88 million to Chinese businessman Tony Xia in 2016 after a decade of ownership.
They bought the Cleveland Browns in 1999 and brought pro football back to the city, but sold the team to billionaire Jimmy Haslam for about $1 billion in 2012.