John Middleton
$3.69B
as of 07/05/24
About John Middleton
John Middleton made his fortune selling his family's storied tobacco business to Philip Morris' parent, Altria, in 2007 for $2.9 billion in cash.
The original business, John Middleton Inc., was founded as a small retail tobacco shop in Philadelphia in 1856 by his great-great-grandfather.
The company began manufacturing cigarettes in the 1950s and launched the Black & Mild cigar brand in 1980.
Middleton bought out his relatives' stakes in the company in 2003 for about $200 million amid tobacco lawsuits that threatened to harm the business.
Middleton has a nearly 50% stake in the Philadelphia Phillies baseball team.
Personal stats
Citizenship
United States of AmericaSource of wealth
TobaccoResidence
Bryn Mawr, PennsylvaniaMarital status
MarriedBirth date
03/02/55 (age 69)Number of children
2Education
Bachelor of Arts/Science, Amherst College; Master of Business Administration, Harvard UniversitySelf-made
inheritedJohn Middleton’s fortune is worth
61K
troy ounces of gold
57K
median U.S. household
37K
median U.S. income
0.074%
U.S. credit card volume
0.015%
GDP of the United States
0.011%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
His sister sued him, claiming he cheated her out of her inheritance. Middleton objected the claims, and they reached a reported $22 million settlement.
Net worth over time
Real-time ranking
Images © Forbes.com. All rights reserved.