People who have a ton of money lying around undoubtedly already have all of these goods and are looking to splurge even more. One of the lifelong goals of many self-made millionaires is to acquire a beloved sports franchise. A large number of wealthy baseball fans have jumped at the chance to purchase their team.
Even if they don’t care much for the game, some wealthy people want the attention that comes with owning a team. Buying a winning baseball franchise is no small feat, but there are billionaires in the world who can pull it off with a little spare cash.
Who is Robert Nutting?
Robert Nutting came into this world on March 29, 1962, in the city of Wheeling, West Virginia. He owns the Pittsburgh Pirates and is a businessman. He paid $92 million to acquire the franchise in 1996 and now serves as its chairman. The Pittsburgh Pirates have had six primary owners before Nutting.
As a result of his efforts, the team’s training facility and the Pirates’ academy in the Dominican Republic have been rebuilt. The Pittsburgh Pirates’ charitable arm, Pirates Charities, has Nutting as its chairman.
For the benefit of Pittsburgh’s youth, this helps fund local groups and builds baseball and softball grounds. In addition to his role as chief executive officer of Ogden Newspapers, he owns the Seven Springs Mountain Resort.
The Pittsburgh Pirates fan base has long held the belief that he prioritizes financial gain over building a championship-caliber squad. In his private life, he is a husband to Leslie, and they have three daughters as a couple.
Robert Nutting Net Worth in 2024
The Pittsburgh Pirates’ owner, Robert Nutting, is worth an estimated $1.1 billion, as per reports of MoneyInc.com. The franchise value of the Pirates has increased 1,305% since he bought the team in 1996 for $92 million, to $1.29 billion.
Owning the Pittsburgh Pirates and his other businesses—such as being the president and CEO of Ogden Newspapers Inc. and having owned multiple ski resorts in the past—are the main sources of Nutting’s net worth.
Many Pirates fans feel that Nutting, despite his considerable fortune, puts profit above having a competitive club. After Nutting took over as owner, the Pirates’ payroll remained consistently low compared to other MLB teams.
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How did Robert Nutting gain his wealth?
Owning the Pittsburgh Pirates, Seven Springs Mountain Resort, and serving as CEO of Ogden Newspapers Inc. were just a few of Robert Nutting’s many economic endeavors that contributed to his fortune.
In 1996, Nutting paid $92 million to acquire the Pittsburgh Pirates. Since then, he has played a significant role in the team’s growth, rehabilitating the training facility and providing support to local charities through Pirates Charities.
In addition to his role as CEO of Ogden Newspapers Inc., he has experience in the media sector and the hospitality industry through his involvement with Seven Springs Mountain Resort. Nutting is known as “Bottom-Line Bob” because, despite his enormous fortune, he has been criticized for putting profits before producing a competitive squad.
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