TODD BOEHLY is an American mogul and a billionaire who is taking over Chelsea from Roman Abramovich.
On Friday, May 6, Boehly and his consortium signed an agreement to buy the Blues in a deal reportedly worth around £4.25bn.
But who exactly is he and how did he become so successful?
Who is Todd Boehly?
Alongside being a philanthropist and an investor, Todd Boehly is a Co-founder, Chief Executive Officer, Chairman and controlling member of Elridge Industries – a private investment firm located in Greenwich, Connecticut.
He is also the current interim CEO of the Hollywood Foreign Press Association as of October 2021 and owns 20% of the Los Angeles Dodgers alongside co-owner of the Los Angeles Sparks which all contributes to his valued net worth of £4.72 billion.
Boehly is 46 years of age with three sons named Nick, Zach and Clay and the American is married to Katie Boehly.
Todd’s grandparents immigrated to the US from Germany which enabled the successful businessman to graduate from Landon School in Bethesda, Maryland during the year of 1991.
Boehly also joined the school’s wrestling team during his school years and they won consecutive I.A.C. championships.
Five years later, the American found himself graduating again but this time, he obtained a degree in Finance having studied at the London School of Economics.
Shortly after, Boehly began working at Citibank and then at Credit Suisse First Boston to accumulate some experience in the finance sector.
How did Todd Boehly become a billionaire?
Once Boehly had gained sufficient knowledge at his entry level jobs, he joined Guggenheim Partners in 2001.
This is where the billionaire launched the firm’s credit investing business, took on any asset management business responsibilities and became president of the company.
Todd then constructed a major deal in 2013, between Time Warner Cable and the famous baseball team Los Angeles Dodgers to create SportsNet LA – a regional network to broadcast anything in relation to the Dodgers. But it didn’t come into play until the following year.
However, 2015 was the year where Boehly really joined the road to riches because the American mogul invested in some of the assets he collected at Guggenheim, including The Hollywood Reporter, Dick Clark Productions, and Security Benefit to found his current firm Eldridge Industries.
And he also went on to own a technology company, invested in real estate, and get involved within food industry.