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His father, Alfred "Al" Lerner, had been appointed chairman of MBNA Corporation after investing US$ 800 million in the initial public offering (IPO) of the company. In 1993, Randy Lerner became a director at MBNA. Upon the death of his father on October 23, 2002, he became MBNA's chairman.
- 4
- Owner of MBNA Corporation
- Randolph David Lerner, February 21, 1962 (age 61), New York City, U.S.
3 days ago · Randy Lerner owes his riches to his billionaire dad, Al Lerner (d. 2002), who made a fortune in credit cards. His father got his start as a furniture salesman then invested in Cleveland-area...
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Randy’s father, Alfred “Al” Lerner purchased the Cleveland Browns in 1998 from the National Football League paying $530 million. Before that, he had a 5% stake in the Cleveland Browns franchise. His father was born to Russian immigrants and lived in Brooklyn during his childhood years.
In October 2002, he became the majority owner of the Cleveland Browns, an American football team of the National Football League (NFL) upon the demise of his father named Alfred “Al” Lerner. Randy subsequently sold the team in August 2012.
Mar 2, 2003 · Randy Lerner watched his father build a $4 billion fortune. After Al Lerner died four months ago, Randy is now the owner of the Cleveland Browns and at 41, is the second-youngest NFL...
- Teresa Dixon Murray, The Plain Dealer
Nov 1, 2023 · A Family Legacy. Born into the prominent Lerner family, Randy inherited his business acumen from his father, Al Lerner, who was a successful entrepreneur and former owner of the Cleveland Browns. Randy’s drive to succeed and carry on his family’s esteemed reputation pushed him towards achieving remarkable feats throughout his career.
But the early word on Randy Lerner is that he is much like his father, who was one of the quietest, but also most influential of owners.