steinbrenner family net worth

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How much is George Steinbrenner worth?

Although the drought weighs heavily, it has hardly dented the fortunes of Steinbrenner’s three surviving children. They’re all billionaires, and the team has never done better financially. George Steinbrenner, at the time of his death 12 years ago, was worth $1.1 billion.

Who are the Steinbrenners?

The Steinbrenners are an American family of Irish - German descent. The family has owned the New York Yankees of Major League Baseball since George Steinbrenner purchased the franchise in 1973. After George's death, Hal Steinbrenner, his son, became the chairman of the Yankees.

How much money did Steinbrenner's Kids Save?

A temporary one-year repeal on the federal estate tax—the new rate of 55% would kick in on January 1, 2011—saved Steinbrenner’s kids an estimated $600 million, although it’s unclear how much of the fortune was divvied up into tax shelters. Hank and Hal stepped in to run YGE, and today, it’s Hal’s baby.

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