What is John Henry net worth?
|John William Henry II
|Date of Birth
|September 13, 1949
|owner of Liverpool Football Club
John Henry net worth 2024: John William Henry II is an American businessman and investor and the founder of John W. Henry & Company, an investment management firm. He is the principal owner of Liverpool Football Club, the Boston Red Sox, The Boston Globe, and co-owner of Roush Fenway Racing. John Henry net worth is $2.8 billion.
John William Henry II was born on September 13, 1949 in Quincy, Illinois. His parents were soybean farmers, and he split his time growing up between Illinois and Arkansas. Read Richest Actresses in the world
After his graduation from Victor Valley High School in Victorville, he attended Victor Valley College, then the University of California at Riverside, Irvine, and Los Angeles, where he majored in philosophy but did not graduate.
Henry started trading corn and soybean futures to learn the basics of hedging the price risk of holding an inventory of these commodities, whether in storage or out in the field.
In 1976, a commodities broker at Reynolds Securities asked him to advise other farmers, but he declined. After spending a summer in Norway with his first wife, Mai, Henry developed a mechanical trend following method for managing a futures trading account.
He tested his trend-reversal method—which was never out of the market but always held a position in every one of the markets in the account’s “basket” of commodities—”using his own money” .
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When that test proved successful, he founded John W. Henry & Company in 1981, opened a small office across the street from the airport in Irvine, California, and began marketing his management to the largest commodity brokerage firms in America.
That proved so successful by 1983 that he moved to considerably larger quarters at Fashion Island in Newport Beach. In 1989, Henry moved to Westport, Connecticut. Two years later, Henry established a second office in Boca Raton.
The firm’s management methods make mechanical, non-discretionary trading decisions in response to systematic determinations of reversals in each market’s direction, with the explicit intention of precluding not only human emotion, but also any subjective evaluation of factors outside of price behavior , to trigger each decision to be long or short each market, or not. On November 9, 2012, John W. Henry & Co., the financial trading firm owned by the Red Sox owner
After acquiring his fortune, his first foray into professional sports was in purchasing a Minor League Baseball team, the Tucson Toros of the Pacific Coast League, in 1989. He was also one of the founders of the Senior Professional Baseball Association, a winter league in Florida composed of retired major league players.
Henry co-owned the winning team in the 1989–90 season, the West Palm Beach Tropics, managed by former Boston Red Sox “Impossible Dream” (1967) manager, Dick Williams. Henry sold his interest in 1990, and the league went out of business the following year.
In 1990, Henry negotiated to purchase the Orlando MagicNBA team, for a short time was the lead general for an expansion team which became the Colorado Rockies, and headed a group attempting to land an NHL expansion bid in Florida, which would eventually be given to Phil and Tony Esposito, who created the Tampa Bay Lightning. Subsequently, Henry negotiated to buy the Miami Heat and later the New Jersey Nets.
Fenway Sports Group
Henry and Werner established New England Sports Ventures in 2001. The company owns the Boston Red Sox, 80% of the New England Sports Network, Fenway Park, Fenway Sports Management, a sports marketing and management firm, various real estate properties surrounding Fenway Park, and as of 2010, Liverpool Football Club.
John Henry net worth
Liverpool Football Club
In October 2010 the Fenway Sports Group took over Liverpool F.C. The UEFA Financial Fair Play Regulations may have been a factor in the decision. The previous owners, Tom Hicks and George N. Gillett, Jr., had become extremely unpopular among Liverpool fans for their failure to deliver on the promise of a new stadium or on the promise that no debt would be placed onto the club, as well as disrespectful treatment of its manager and front office and for their allegedly misleading statements about planned and past investment in players.
Having lost around £154 million on the pressured sale of their debt-ridden club, Hicks and Gillett announced that they would sue co-owners and creditors for at least $1.6 billion for the “extraordinary swindle” they suffered. In January 2013, Hicks and Gillett had lost a Court of Appeal case and agreed to drop the suit.
John Henry Net Worth
John Henry net worth is $2.8 billion. He first became a billionaire in 2006. He is one of the richest football owners in the world. Joh n Henry is also one of the most successful businessmen in the world.
Awards and honors
- Four-time World Series champion (as principal owner of the Boston Red Sox)
- 2012 EFL Cup champion (as principal owner of Liverpool F.C.)
- 2019 UEFA Champions League winner (as principal owner of Liverpool F.C.)
- 2019 UEFA Super Cup winner (as principal owner of Liverpool F.C.)
- 2019 FIFA Club World Cup winner (as principal owner of Liverpool F.C.)
- 2019-20 Premier League winner (as principal owner of Liverpool F.C.)
Henry’s Fenway Sports Group bought a 50% stake in Jack Roush’s Roush Fenway Racing stock car racing team in 2007.
In February 2009 the team won their first Daytona 500 with Matt Kenseth. Henry is currently listed as the owner of the #17 Ford driven by NASCAR Cup Series driver Chris Buescher.
n September 2004 Henry and David Kaemmer founded iRacing.com Motorsport Simulations for developing a racing simulation service aimed at both real-world racers and racing simulator enthusiasts. The service was launched in August 2008.
Summary of John Henry Net Worth
John Henry owns the following companies
Boston Red Sox
Fenway Sports Group
iRacing.com Motorsport Simulations
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