George Shinn Net Worth: $120 Million
| Category | Information |
|---|---|
| Net Worth | $120 million |
| Salary | N/A |
| Birthdate | May 11, 1941 |
| Birthplace | Kannapolis, North Carolina |
| Gender | Male |
| Height | N/A |
| Profession | Businessman, sports team owner, author, motivational speaker |
| Nationality | American |
Highlights
George Shinn, an American businessman and former sports team owner, has a net worth of $120 million. He is best known for being the former owner of the NBA team “Charlotte Hornets”. Shinn also owned minor league baseball teams and an American football team. He started The George Shinn Foundation, which focuses on providing scholarships and disaster-relief activities. Shinn has authored several books and is married to Denise, who is the chair of the George Shinn Foundation.
Early Life
George Shinn was born on May 11, 1941, in Kannapolis, North Carolina. He had a humble upbringing and was a poor-achieving student. Shinn graduated last in his class at A.L. Brown High School. During his youth, he worked in a carwash, a textile mill, and as a school janitor. Despite his initial struggles, Shinn later attended Evans Business College and graduated from there.
Career
After graduating from business college, George Shinn started raising money to buy several schools and consolidate them into “Rutledge Education Systems”. However, he decided to sell the schools and used the proceeds to buy the Charlotte Hornets in 1987 for $32.5 million. Shinn took over the ownership of the NBA team and made significant contributions to its growth and success.
In addition to the Charlotte Hornets, Shinn also owned minor league baseball teams, such as the “Charlotte Kings” and “Gastonia Rangers”, and the American football team “Raleigh-Durham Skyhawks”. Apart from his sports ventures, he started The George Shinn Foundation in 1973, initially to provide scholarships to deserving students. Over time, the foundation expanded its activities to include disaster-relief efforts and donations.
Shinn faced a personal health challenge in 2009 when he was diagnosed with prostate cancer. However, he successfully beat the disease by March 2010. Following his recovery, the George Shinn Foundation shifted its focus to raising awareness and promoting early detection of prostate cancer. The foundation also supports the education of young ministers at the Fruitland Baptist Bible Institute, preparing them for ministry and relief work in Port-au-Prince, Haiti.
Throughout his career, George Shinn has authored several books, including “The American Dream Still Works”, “Leadership Development”, and “You Gotta’ Believe”. These books offer insights into his experiences as a businessman, team owner, and motivational speaker.
Personal Life
George Shinn has three grown-up children named Susan, Chad, and Chris. He is currently married to Denise, who serves as the chair of the George Shinn Foundation. Together, they continue to contribute to philanthropic endeavors and engage in various community initiatives.
Net Worth Over Time
George Shinn’s net worth has fluctuated over the years based on his various investments and the success of his sports teams. As of now, his estimated net worth stands at $120 million.
Components of Net Worth
George Shinn’s net worth primarily comes from his ownership of the Charlotte Hornets and his involvement in other sports ventures like minor league baseball and American football teams. He has also generated income through book sales and speaking engagements as a motivational speaker. Furthermore, his net worth includes investments and other business ventures.
In conclusion, George Shinn’s journey from a poor-achieving student to a successful businessman and sports team owner showcases his resilience and determination. With a net worth of $120 million, Shinn has made significant contributions through his ownership of the Charlotte Hornets, his philanthropic efforts, and his career as an author and motivational speaker.