How did George Steinbrenner get rich?

George Steinbrenner was an American businessman who was the principal owner and managing partner of Major League Baseball’s New York Yankees from 1973 until his death in 2010.

Steinbrenner was the longest-serving owner in club history, and the Yankees won seven World Series championships and 11 American League pennants under his ownership.

Steinbrenner was very outspoken and was also fond of driving up player salaries, which made him one of the sport’s most controversial figures.

Steinbrenner was also involved in the Great Lakes and Gulf Coast shipping industry.

How did George Steinbrenner get rich?

Steinbrenner was the son of a Great Lakes shipping tycoon and that pretty much was the foundation he needed.

Steinbrenner went on to make his money as chairman of the Cleveland-based firm known as the American Shipbuilding Company.

Steinbrenner was a fierce competitor and as a result he was eager to expand into other lucrative ventures and professional sports certainly fit the bill.

Steinbrenner led a group that bought the New York Yankees from CBS in 1973 for $10 million ($61,041,979 in current dollar terms).