Billionaire Profile
Norma Lerner
Global Rank
#2831

Image: Department of Commerce. Bureau of the Census. 1913-1/1/1972 | Public domain | via Wikimedia Commons

Norma Lerner

CEO, Banking
UNITED STATES
Real-Time Net Worth
$1.24B
Estimated based on Banking stock value as of March 6, 2026
0% (24h)
Age
89
Source
Banking
Industry
Finance & Investments
Citizenship
UNITED STATES

Biography

Norma Lerner is an American businesswoman and philanthropist, known for her significant contributions to the finance industry and her extensive philanthropic work. Born in Brooklyn, New York, in 1936, she is the widow of Al Lerner, the founder of MBNA, a major credit card company. Norma Lerner's net worth is estimated to be $1.2 billion as of February 1, 2026. Her career and influence extend beyond finance, with notable roles in healthcare and education through her involvement with the Cleveland Clinic and the Cleveland Clinic Lerner School of Medicine. She is also known for her dedication to Holocaust remembrance and education, reflecting her commitment to community and legacy.

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

Wealth Over Time

In-Depth Profile

Early Life

Norma Lerner, born Norma Wolkoff, was born in Brooklyn, New York in 1936. Her early life and childhood are private. In 1955, she married Al Lerner, a union that would last 47 years until his passing in 2002.

Rise to Success

Norma Lerner's late husband, Al Lerner, built his fortune through MBNA, a credit card company. Norma Lerner's career is primarily noted for her contributions through philanthropy, particularly in the healthcare and education sectors.

Key Business Strategies

While Norma Lerner herself wasn't directly involved in the day-to-day business operations, her family was behind the success of MBNA. Al Lerner's strategic vision and investment in the credit card industry laid the foundation for the Lerner family's wealth.

Philanthropy

Norma Lerner is well-known for her extensive philanthropic activities. She is the chair and president of The Lerner Foundation, which supports various causes across the arts, culture, education, healthcare, and veteran's affairs. Her most notable philanthropic endeavors include substantial contributions to the Cleveland Clinic, where she serves as a director. The Lerner family's $100 million donation established the Cleveland Clinic Lerner College of Medicine. The Lerner Research Institute, and the Lerner School for Autism also show her commitment to these sectors. Norma Lerner was also a member of the United States Holocaust Memorial Council from 2006 to 2011.

Career Milestones

1955

Marriage

Married Al Lerner.

1998

Cleveland Browns Ownership

Her late husband purchased the Cleveland Browns.

2002

Establishment of the Lerner College of Medicine

The Lerner College of Medicine was established with a $100 million gift.

2006-2011

Holocaust Memorial Council

Served as a member of the United States Holocaust Memorial Council.

Philanthropy & Social Impact

Philanthropy

Lerner Foundation

$3M (assets)

Supports various causes in arts, culture, education, healthcare, and veteran's affairs.

Education & Healthcare

Cleveland Clinic Lerner College of Medicine

$100M

Established with a donation by Al and Norma Lerner

Research

Lerner Research Institute

Unknown

Co-founded, which focuses on advancing biomedical knowledge

Education

Lerner School for Autism

Unknown

Chartered nonpublic school for students from the age of first diagnosis through 22 years old.

Business Philosophy & Leadership

Notable Quotes

""I love helping people. It vindicates what I have been working for all these years.""

""If we can make advances, find cures and make improvements either in extending people's lives or improving their quality of life, that's terrific.""

Leadership Principles

Community Engagement

Active involvement in the community through various philanthropic efforts and supporting local institutions.

Legacy of Giving

A commitment to improving the lives of others through significant financial contributions.

Dedication to Medical Advancement

A focus on supporting medical research and education to improve healthcare outcomes.