Tom Ricketts is an American businessman with a net worth of $900 million. Born on May 19, 1963, in Omaha, Nebraska, Ricketts is widely recognized for his role as the owner of the Chicago Cubs, a Major League Baseball (MLB) team. Ricketts became the owner of the Cubs in 2009, leading a family consortium that made a successful bid to acquire the team for $850 million.
Since then, the Cubs’ value has soared, with the team now worth approximately $2.6 billion, cementing Ricketts’ place as one of the most successful sports owners in the industry.
Ricketts is also the chief executive officer and chairman of Incapital LLC, a Chicago-based investment bank. Incapital is a major player in the fixed income securities market and provides capital markets solutions to a wide array of institutional clients.
Additionally, Ricketts serves as a director for TD Ameritrade, an online brokerage firm that was founded by his father, J. Joseph Ricketts.
Tom’s involvement in the family business has played a significant role in his wealth accumulation, with the Ricketts family holding substantial influence in the finance and investment sectors.
Tom Ricketts has a strong educational background, earning an A.B. from the University of Chicago followed by an M.B.A. from the same institution.
His academic achievements laid the foundation for his career in both finance and sports management. Notably, Ricketts’ influence extends beyond the corporate world, as his family has also been involved in political circles.
His brother, Peter Ricketts, is the 40th governor of Nebraska and has previously served as the chief operating officer of Ameritrade, the brokerage firm founded by their father.
The Ricketts family’s financial success and political involvement have shaped Tom’s career and public persona.
Under Ricketts’ leadership, the Chicago Cubs experienced a remarkable turnaround. One of his most notable achievements was overseeing the Cubs’ victory in the 2016 World Series, which ended a 108-year championship drought, making the team’s championship win one of the most significant moments in MLB history.
This success helped to elevate Ricketts’ status as a respected sports figure and solidified the Cubs’ place among the most valuable franchises in the MLB.
Beyond his role as the Cubs’ owner, Ricketts has been active in philanthropic efforts, with the Ricketts family contributing to various causes, including political campaigns and charitable organizations.
He has also been an advocate for community engagement in Chicago, where the Cubs’ home, Wrigley Field, has become an iconic symbol of the city.
While Ricketts’ career and wealth are closely tied to his sports and business ventures, he has also made his personal views public, including his political support for Donald Trump during the latter’s presidential campaigns.
Ricketts’ involvement in politics has occasionally sparked debate, but his influence in both business and sports remains undeniable.
In conclusion, Tom Ricketts’ wealth and influence span across multiple industries, from sports ownership to investment banking.
His role as the owner of the Chicago Cubs and the CEO of Incapital LLC has played a significant part in his fortune, but his leadership in revitalizing the Cubs and his family’s continued involvement in finance and politics have cemented his legacy as a successful entrepreneur and philanthropist.
With the Cubs’ value continuing to grow and his business ventures expanding, Ricketts is likely to remain a prominent figure in both the sports and business worlds for years to come.
