Billionaire Profile
A
Global Rank
#675

Image: The United States Congress | Public domain | via Wikimedia Commons

Annette Lerner & family

CEO, Real estate
UNITED STATES
Real-Time Net Worth
$6.113B
Estimated based on Real estate stock value as of March 6, 2026
0% (24h)
Age
95
Source
Real estate
Industry
Diversified
Citizenship
UNITED STATES

Biography

Annette Lerner, at 95 years old, is a prominent figure in the real estate industry and a major philanthropist. Along with her late husband, Ted Lerner, she built Lerner Enterprises into one of the largest real estate owners in the Washington, D.C. area, starting with a $250 loan. The Lerner family also owns the Washington Nationals baseball team. Her family has a combined net worth of $6.4 billion, ranking them among the wealthiest in the world. Throughout her life, Annette has been a behind-the-scenes partner, supporting her husband and family. Her philanthropic work is conducted through The Annette M. and Theodore N. Lerner Family Foundation, supporting various causes including education and healthcare.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Partnership

Annette Lerner, along with her late husband Ted Lerner, began their journey in 1952 with a modest $250 loan. This marked the beginning of what would become a substantial real estate empire. Ted, at 26, began selling homes, a career path that blossomed into Lerner Enterprises.

Rise to Success

Lerner Enterprises grew into one of the largest real estate firms in the Washington, D.C. area, with a portfolio including office buildings, shopping centers, hotels, and residential properties. Annette played a crucial role in this growth by providing unwavering support to Ted as he expanded their real estate holdings. After Ted's passing in February 2023, Annette and her children inherited the family's wealth.

Key Business Strategies

The success of Lerner Enterprises was largely attributed to Ted's business acumen and Annette's behind-the-scenes support. The family's real estate ventures included iconic properties like Tysons Corner Center and Dulles Town Center. In 2006, they acquired the Washington Nationals baseball team.

Philanthropy

Annette and her family are actively involved in philanthropy through The Annette M. and Theodore N. Lerner Family Foundation. They have supported Children's National Hospital in D.C., George Washington University, and Hebrew University in Jerusalem. Additionally, the Lerner family has contributed to the U.S. Holocaust Memorial Museum.

Career Milestones

1952

Foundation of Lerner Enterprises

Annette lent $250 to her husband Ted to start a real estate company.

2006

Acquisition of the Washington Nationals

The Lerner family purchased the Washington Nationals baseball team.

2018

Ted Lerner Retired

Ted Lerner ceded the role of managing principal owner to his son Mark Lerner.

2023

Ted Lerner's Death

Annette and her children inherited Ted's estate.

Philanthropy & Social Impact

Education

George Washington University

$5M

Donation for the Annette and Theodore Lerner Family Health and Wellness Center.

Education

Hebrew University in Jerusalem

Unknown

Donation for a new stadium.

Healthcare

Children's National Hospital

Unknown

Supports the Children's National Hospital.

Cultural

U.S. Holocaust Memorial Museum

Unknown

Founding member and supporter.

Business Philosophy & Leadership

Notable Quotes

"“A great city deserves a great baseball team.”"

Leadership Principles

Family First

The Lerner family has shown a commitment to working together and supporting each other through business and philanthropy.

Community Engagement

The Lerners support local charities and institutions, demonstrating their dedication to the Washington, D.C. area.

Vision and Hard Work

Ted and Annette's success was built on a vision for the future and hard work.

Controversies & Challenges

1985

Family Lawsuit

Larry Lerner filed a $56 million lawsuit against Ted, Annette, and Lerner Corp.'s CFO.