Bloomberg Billionaires Index

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# 396 Todd Boehly $6.09B

Random fact: Boehly and his family have donated to research into epilepsy.

Overview

Boehly is the co-founder and chairman of Eldridge, a diversified investment firm. The Greenwich, Connecticut-based group has stakes in insurance, media, sports, real estate and asset management companies. Boehly's a co-owner of the Los Angeles Dodgers and Lakers, and part owner of Chelsea Football Club.

As of :
Last change +$28.6M ( +0.5%)
YTD change +$183M ( +3.1%)
Biggest asset Security Benefit Life Insurance
Country / Region United States
Age 49
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Todd Boehly's net worth of $6.09B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Boehly's wealth is tied to Eldridge, the holding company he co-founded with investments in insurance, media, sports, asset management, real estate, and technology. Boehly owns 69% of Eldridge, according to a Bloomberg analysis of an April 2022 filing by Security Benefit Life Insurance Company. The same filing was used to identify stakes in most of the Eldridge's portfolio companies.

Security Benefit, an insurer with assets of $46.5 billion as of December 2021, is valued at its book value based on the long-term price multiple of publicly-traded peers.

A24, a film production company, was valued at about $2.5 billion in a March 2022 funding round. Eldridge's 35% stake in Dick Clark Productions is valued based on its proposed $1 billion sale to Wanda Entertainment in November 2016, and adjusted for the performance of an entertainment Index since.

Eldridge owns stakes in financial companies Stonebriar Commercial Finance, Panagram Structured Asset Management and Maranon Capital. They were valued based on the price-to-assets under management multiple of publicly traded peers. Investment platform CAIS is valued using a January 2022 funding round.

Eldridge owns 7% of the Los Angeles Dodgers, and Boehly owns 20% directly. The team is valued using an April 2022 analysis by valuation consultants Sportico. Boehly also owns 13.5% of the Los Angeles Lakers. Both stakes are assumed to have debt equal to 25% of their value.

In May 2022, Boehly led a consortium that bought Chelsea Football Club and he's calculated to own a 15% stake. The team is valued based on its £2.5 billion acquisition price, excluding funds committed for further investment.

A $1.8 billion liability, equal to the approximate book value of Security Benefit at the end of 2015, is included to account for cost of the assets that Boehly bought from Guggenheim when he left the firm.

Boehly declined to comment on his net worth through spokesperson Nadia Damouni in August 2022.

Biography

Birthdate:
Family: Married, 3 children

Boehly attended the private Landon School in Bethesda, Maryland, graduating in 1991. He was a member of the team's championship-winning wrestling team.

He attended the College of William & Mary and also studied at the London School of Economics. After graduating he worked at Credit Suisse and J.H. Whitney & Company.

In 2001, he joined investment bank Guggenheim Partners and launched their credit investment business. He arranged the bank's acquisition of Security Benefit Life Insurance in 2010. Boehly also took a personal stake in the insurer, helping to fund the deal with a $50 million loan from Mike Milken, a Guggenheim client who was then allowed to invest in a Guggenheim buyout on different terms from other investors. Guggenheim later paid a $20 million for failing to disclose the relationship.

Boehly left Guggenheim in 2015 taking with him a number of companies he'd been involved in at the firm, including Security Benefit and entertainment company Dick Clark Productions. They formed the initial part of his investment company Eldridge, which has invested in companies including Epic Games, Draft Kings, Cain International and Cirque Du Soleil.

In 2012, Boehly bought a stake in the Los Angeles Dodgers baseball team alongside Guggenheim co-founder Mark Walter. In 2021, they bought a stake in the Los Angeles Lakers together. In 2022, Boehly led a consortium that bought Chelsea Football Club from Roman Abramovich.

Milestones
  • 1991 * Graduates from the Landon School in Maryland.
  • 2001 * Joins investment bank Guggenheim Partners.
  • 2012 * Joins consortium that buys the L.A. Dodgers for $2.15 billion.
  • 2015 * Leaves Guggenheim, buys some of its assets.
  • 2021 * Buys a stake in the L.A. Lakers basketball team.
  • 2022 * Leads group that buys Chelsea Football Club from Roman Abramovich.