Who is Steve Bisciotti?
Steve Bisciotti is a successful American entrepreneur and billionaire, known as the founder of the Allegis Group and owner of the Baltimore Ravens, a professional American football team. Born in April 1960, Bisciotti graduated from Salisbury State University and is married to Renee with two children. Apart from his business and sporting ventures, he is also an active philanthropist who supports education, human services, and Roman Catholic organizations through his foundation, The Stephen & Renee Bisciotti Foundation.
Allegis Group
The Allegis Group is a global staffing and workforce management company founded by Bisciotti and his cousin Jim Davis. Originally known as Aerotek, the company provided job-matching services in aeronautics, engineering, and light industrial sectors. It has since grown into the world’s largest privately-held staffing company, with over 500 locations worldwide and generating over $11 billion in sales. Bisciotti’s role in the Allegis Group has played a significant role in his business success and elevated his status as a billionaire.
Baltimore Ravens
The Baltimore Ravens, a professional American football team based in Baltimore, Maryland, is another notable venture under Bisciotti’s ownership. Bisciotti acquired the team from Art Modell for $300 million in 2004, and under his leadership, the Ravens have become a dominant team in the National Football League (NFL), with a current value of over $1.5 billion. The team’s success includes winning the Super Bowl XXXVII, a testament to Bisciotti’s dedication to sports.
Philanthropy
Bisciotti and his wife Renee are actively involved in philanthropic work, supporting various causes through their foundation, The Stephen & Renee Bisciotti Foundation. The Foundation has made significant donations to education, human services, and Roman Catholic organizations, including a $1 million donation to Teach for America, an organization that provides teaching opportunities in low-income areas. The Bisciottis have also supported the Baltimore Community Foundation, showing their commitment to uplifting their local community.
In conclusion, Steve Bisciotti’s success in business and sports, as well as his philanthropic contributions, have made him a notable figure in American society. His leadership in Allegis Group and Baltimore Ravens, as well as his dedication to supporting important causes, have cemented his position as a successful entrepreneur, sports owner, and philanthropist.
How Much is Steve Bisciotti Net Worth?
His net worth is estimated at $6.5 billion. His companies realize more than $12 billion in annual sales. His cousin Jim Davis has a net worth of $3 billion.
How did Steve Bisciotti make his money?
At the age of 23, he founded the staffing firm Aerotek with his cousin Jim Davis. They realized $1.5 million in sales the first year (and now US$ 12 billion).
The company is now the largest privately held staffing firm in the world. Both Bisciotti and his cousin became billionaires.
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