Nancy Lerner

CEO, MBNA Corporation

Real-Time Net Worth

$1.2B

As of December 2025

Age

Source

Banking, credit cards

Industry

finance-investments

Citizenship

Biography

Nancy Lerner, born in 1960, is a prominent American billionaire, investor, and philanthropist. She is the daughter of Al Lerner, the former CEO of MBNA Corporation, a leading credit card issuer. Nancy inherited her billionaire status with her brother, Randy, following their father's passing. Her primary source of wealth comes from her family's banking and credit card ventures. Lerner holds a Juris Doctor from Cleveland State University and a Bachelor of Arts from the University of Cincinnati. She is known for her philanthropic work, particularly through the Partnership for Families program, which provides funding for in vitro fertilization (IVF) for couples. With a career rooted in finance and investments, Lerner continues to uphold her family's legacy of business acumen and community involvement.

Wealth Over Time

In-Depth Profile

Early Life

Nancy Lerner was born in 1960 to a Jewish family in the United States. She is the daughter of Norma and Al Lerner. Her father, Al Lerner, was a key figure in the financial industry, serving as the CEO of MBNA Corporation, which was once the second-largest credit card issuer globally. Nancy has one brother, Randy Lerner.

Rise to Success

Nancy Lerner's path to becoming a billionaire was influenced by her family's success in the banking and credit card industries. Her father's leadership at MBNA played a significant role. She and her brother inherited their billionaire status after their father's death.

Key Business Strategies

Nancy Lerner's success is closely tied to her family's business legacy in finance. Al Lerner's strategic moves, such as acquiring Equitable Bancorp and later merging it with Maryland National Bank to form MBNA, were pivotal. The family's decision to merge MBNA with Bank of America in 2005 created a significant enterprise.

Philanthropy

Nancy Lerner is involved in various philanthropic efforts, with a particular focus on supporting families. She established the Partnership for Families program, which funds in vitro fertilization (IVF) for couples who are unable to afford the procedure. The Lerner family has made a lasting impact on education, healthcare, and cultural enrichment in Cleveland and beyond.

Career Milestones

2002

Inherited wealth

Inherited her billionaire status after her father's passing.

2006

Established Philanthropic Program

Established the Partnership for Families program, providing funding for In Vitro Fertilization (IVF) to struggling couples.

Philanthropy & Social Impact

Healthcare

Partnership for Families

Undisclosed

Provides funding for In Vitro Fertilization (IVF) for couples.