Tuesday, August 19, 2014

Meet Jonathan Ledecky

photo by washingtonpost

Earlier today, reports came out that Charles Wang had sold a minority stake of the Islanders to a group led by Jonathan Ledecky and Scott Malkin.

Ledecky graduated Harvard University and the Harvard Business School before beginning his career in Washington in 1983.  As of 2006 Ledecky was the founder, co founder, or director of 10 publicly traded companies with total sales of close to 9 billion dollars.

Ledecky has made his money in corporate roll ups which means he would take many small companies in a similar industry and merge them into one larger business.  Ledecky's first huge deal came in 1994 when he formed US Office Products.  From 1999-2001 Ledecky was part of a group that held an ownership stake in the Washington Capitals and Washington Wizards as well as the MCI Center.  As of 1998 Ledecky had a net worth of 200 million dollars.  In 2005, Ledecky made a bid to buy the Washington Nationals MLB team but was unsuccessful.

Ledecky has served as a member of the board for Forbes since January 2011 and the Non-Executive Chairman of the Board since February of 2012, according to his Forbes profile page.  Ledecky served as the Interim Chief Financial Officer of Forbes from February 2012 until July 2013.

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