The Baltimore Ravens have enjoyed the ownership of Steve Bisciotti since 2000 when the NFL approved 49% of its sale to the Aerotek co-founder for $275 million. Bisciotti acquired the remaining 51% in 2004 by paying $375 million to former Cleveland Browns owner Art Modell, who established the Ravens franchise in the first place.
Under Bisciotti’s leadership, the Ravens secured two Super Bowl titles, one in 2001 and the other in 2013. Let’s examine Steve Bisciotti’s net worth and explore his various sources of income.
How Wealthy Is Steve Bisciotti?
The American business tycoon is an entrepreneurial genius who lost his father at a young age in a battle with leukemia and was raised by a single mother in Maryland. Bisciotti attended college at Salisbury State University to study liberal arts.
According to Forbes, Bisciotti’s net worth is $7.1 billion and he continues making bold strides in various businesses. A major chunk of his net worth comes from Aerotek — the largest recruiting and staffing company in the United States.
Aerotek is based in Bisciotti’s hometown, Severna Park, Md. It is a subsidiary of Allegis Group and generates $15 billion in revenue per year. Bisciotti started Aerotek one year after he finished college.
Needless to say, among his biggest investments is the Ravens franchise, which is worth $3.4 billion, almost half of his net worth.
How Did Bisciotti Get Rich?
Bisciotti’s rise to riches is not a classic rags-to-riches tale but one of hard work and believing in himself. In 1983, at just 23 years old, Bisciotti, along with his cousin Jim Davis, founded Aerotek, a staffing company focused on the technology and aerospace sectors.
The journey started with a basement office in Annapolis, Md. with secondhand pieces of equipment. However, the duo managed to rake in $1.5 million in their first year. The timing couldn’t have been better. Bisciotti and Davis were at the dawn of the technology revolution.
Their company, which started small, grew exponentially over the years, expanding its services and eventually transforming into the Allegis Group. Today, Allegis is the largest privately held staffing firm in the United States and the fourth largest in the world, boasting 8,000 employees.
Bisciotti’s knack for spotting talent didn’t stop at staffing. As the owner of the Baltimore Ravens, his recruiting skills shone through. One example is his 2023 signing of Odell Beckham Jr. Bisciotti lured the former LSU star with a $15 million contract, which could increase to $18 million with incentives.
Analysts believe that Bisciotti is on the right path to making the franchise one of the best again, given his business-oriented mindset and true passion for sports.
Where Does Bisciotti Rank Among NFL Owners?
The Ravens owner is among the top 15 richest owners in the NFL in 2024, among big names like New Orleans owner Gayle Benson and Atlanta Falcons owner Arthur Blank.
Bisciotti lands 15th among the wealthiest owners in the NFL, the richest being the Denver Broncos’ Rob Walton, with a net worth of $78.4 billion.