Ted Lerner Biography
(Real Estate Developer)
Birthday: October 15, 1925 (Libra)
Born In: Washington, D.C., United States
Theodore N. Lerner, commonly referred as Ted Lerner, is a prominent American real estate developer. He started his career with just $250, borrowed from his wife and worked steadily up the ladder. Looking back, he said in the October 2013 issue of Forbes Life Magazine, “To say the first year was tough is an understatement. I grossed $1,050.” However, he did not let that dampen his spirit. The situation began to improve from the second year. Today, he is not only a respected real estate developer in Washington D.C., but he is also the largest private landowner of this area and the managing owner of Washington Nationals—a professional baseball team. His company, Lerner Enterprise, has so far built 20 million square feet of commercial and retail space, more than 22,000 private homes and over 7,000 apartment units. Honest that he is, he has attributed this success, to his blood. In the same article we find him saying, “Real estate is in my blood”. Indeed, he may have inherited the business acumen from his father; but it his hard and consistent work that has made him what he is and has ensured a place on the Forbes list.