Malcolm Glazer Bio, Net Worth, Siblings, Children, Wife
American business mogul, Malcolm Irving Glazer happens to be the owner of one of the most popular and profitable football teams in the world, Manchester United.
Malcolm Glazer was born on August 15th, 1928 in Rochester, New York in the United States of America. He died on May 28th, 2014 at Palm Beach Florida in the United States of America.
He was the president and CEO of First Allied Corporation, a holding company for his various business ventures, and he was also the owner of the National Football League’s Tampa Bay Buccaneers.
At the Sampson Air Force Base, Glazer acquired the concession for watch repair. He began investing in Rochester single-family houses, duplexes, and commercial structures after the base closed in 1956. Eventually, he owned commercial real estate all over the country.
Food service equipment, food packaging, food supplies, marine protein, broadcasting, health care, real estate, banking, natural gas and oil, the Internet, stocks, and bonds were all part of Glazer’s vast investment portfolio.
Biography of Malcolm Irving Glazer
Malcolm Irving Glazer was born on August 15th, 1928 in Rochester, New York in the United States of America. Abraham and Hannah Glazer, Lithuanian-born immigrants, had seven children together, with Glazer being the fifth.
His siblings were, Jerome Glazer, Jeanette Goldstein, Marcia Glazer, Rosalind Glazer, Evelyn Glazer and Dorothea Glazer.
At age 8, he started working in his father’s watch parts company. When his father passed away when he was 15, he sold watches door to door to support his family.
Glazer was quoted by Reuters as saying that while his father’s passing “was perhaps the most painful event that ever happened in my life,” it “made me a man” and so was “good in one way.”
He briefly studied at Sampson College in Romulus, New York, before dedicating his entire life to the restoration of jewelry and timepieces. He was known as “the leprechaun” in the news, a diminutive man with a reddish beard.
Malcolm Irving Glazer’s ownership of Manchester United
In a £790 million buyout, Glazer bought out Manchester United stockholders one at a time between 2003 and 2005. Due to financial issues, a sizable percentage of Manchester United’s supporters opposed Glazer’s purchase.
When Glazer had a stroke in April 2006, his sons Joel and Avram took over the club’s daily operations. After Glazer passed away in 2014, his family continued to operate the club. The six children of Glazer each own an equal share of the club’s 90% ownership.
Malcolm Irving Glazer’s Career as a businessman
At the Sampson Air Force Base, Glazer acquired the concession for watch repair. He began investing in Rochester single-family houses, duplexes, and commercial structures after the base closed in 1956.
Eventually, he owned commercial real estate all over the country. He acquired the upstate New York National Bank of Savannah in 1963.
He bought the West Hill Convalescent Center in Hartford, Connecticut, the first of five healthcare facilities he would eventually control. For $20 million, he bought three television stations in 1976, including WRBL in Columbus, Georgia.
He established First Allied Corporation in 1984 as a holding company for all of his business ventures, serving as president and CEO.
When he made an unsuccessful $7.6 billion proposal to purchase the federally owned freight rail corporation, Conrail, in 1984, Glazer initially attracted the attention of the country’s corporate community.
In 1988, he became the company’s largest stakeholder, and in the years that followed, he held the same position with Harley-Davidson, a maker of motorcycles. George H. W. Bush formed the oil and gas company Zapata Corporation, which Glazer took control of. Fish protein and Caribbean supermarkets were two areas of effective diversification for Glazer.
Malcolm Irving Glazer parents
Glazer was born to Abraham Glazer and Hannah Glazer.
Malcolm Irving Glazer siblings
Glazer was the fifth among seven children. His siblings; Jerome Glazer, Jeanette Goldstein, Marcia Glazer, Rosalind Glazer, Evelyn Glazer and Dorothea Glazer.
Malcolm Irving Glazer wife
Glazer got married to Linda Glazer in 1961.
Malcolm Irving Glazer children
Glazer had five sons; Avram Glazer, Kevin Glazer, Bryan Glazer, Joel Glazer and Edward Glazer.
Malcolm Irving Glazer net worth
At the time of his death, Glazer had a net worth estimated to be about $4 billion according to Forbes.
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