The net worth of Stuart Sternberg, an American investor on Wall Street, is estimated to be $800 million, including his salary.
Stuart Sternberg, who has been the Managing General Partner of the Tampa Bay Rays since November 2005, is the principal shareholder of the ownership group that owns the team.
In 1959, Stuart Sternberg was born in Brooklyn, New York.
As a child, Sternberg developed a keen interest in baseball, playing the sport on the streets and in playgrounds of his hometown.
Sternberg’s first Major League game with his father was at Shea Stadium in 1965, where he watched Sandy Koufax pitch, which is one of his cherished memories.
Sternberg, a graduate of St. John’s University with a degree in finance, started his professional career in equity options trading part-time in 1978 while working part-time at the American Stock Exchange.
After graduating from college, Sternberg joined investment firm Spear, Leeds & Kellogg and went on to become a partner at Spear, before retiring as a partner at Goldman Sachs in 2002.
In May 2004, Sternberg acquired a 48% stake in the former Devil Rays (currently referred to as the Tampa Bay Rays), and in October 2005, he was named Managing General Partner.
He collaborated with Matthew Silverman, a Goldman Sachs partner, to arrange for a controlling stake in the team and appointed him as the team’s President.
Despite being a low-key owner, he now prioritizes the team’s financial well-being.