John S. Middleton

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John S. Middleton
Citizenship United States
Education Amherst College (B.A.)
Harvard Business School (MBA)
Occupation Businessman
Net worth Increase US$1.8 billion
(April 2015)
Spouse(s) Leigh Middleton

John S. Middleton is an American businessman and philanthropist. He is part-owner of the Philadelphia Phillies of Major League Baseball, holding a 48% ownership stake in the team.

Early life

The Middleton family descend from John Middleton, who founded John Middleton Co., a Philadelphia tobacco shop that evolved into a cigar company, in 1856.[1] Middleton's father, Herbert, bought a 15% stake in the Phillies for $18 million in 1983.[2]

Middleton attended the Haverford School in Haverford, Pennsylvania.[3] He graduated from Amherst College in 1977 with his bachelor's degree[4] and from Harvard Business School in 1979 with his Master of Business Administration.[5] Amherst presented Middleton with the Medal for Eminent Service in 2004.[3]

Career

Middleton heads Bradford Holdings, an umbrella company whose subsidiaries include McIntosh Inn hotels, Dock Street Capital, Double Play, Inc., and an ownership stake in the Philadelphia Phillies.[3] Middleton inherited the family company and ownership stake in the Phillies from his father.[3] He bought family members out of their family conglomerate in 2003 for approximately $165 million with an additional payment of $54 million in dividends.[6] He then sold the John Middleton Co. to Altria for $2.9 billion in 2007.[1][6] By 2015, with Phillies' chairman David Montgomery undergoing treatment for cancer, Middleton began to take a more active role in the Phillies.[7]

Philanthropy

Middleton and his wife, Leigh, won The Philadelphia Award for 2013, given for their philanthropic works.[8] Middleton is involved with organizations that include, the Philadelphia Museum of Art, Penn Medicine,[8] the Bryn Mawr Presbyterian Church,[9] Project HOME,[10] the Harvard Business School Club, the National Foundation for Ectodermal Dysplasias,[11] and the Academy of Natural Sciences. He serves as a member of the board of trustees of Amherst College, which awarded him its Medal for Eminent Service in 2004 in recognition of his dedication to the college.[5]

References

  1. 1.0 1.1 "Philadelphia Award shines a light on Middletons' philanthropy". philly-archives. Retrieved June 30, 2015. 
  2. "Phillies ownership has a face after all". Philly.com. June 30, 2015. Retrieved June 30, 2015. 
  3. 3.0 3.1 3.2 3.3 "Area cigar firm fetches $2.9 billion Middleton has been puffin' since 1856.". philly-archives. Retrieved June 30, 2015. 
  4. "Bill Conlin - Phils' part-owner has money to burn". philly-archives. Retrieved June 30, 2015. 
  5. 5.0 5.1 "John S. Middleton ’77". Amherst.edu. Amherst College. Retrieved 30 June 2015. 
  6. 6.0 6.1 Fernandez, Bob (April 13, 2015). "Sibling battle: Phillies co-owner Middleton in business dispute with sister". Philly.com. Retrieved May 10, 2015. 
  7. "Amaros mandate for 2015 Phillies: Instant Makeover". delcotimes.com. Retrieved June 30, 2015. 
  8. 8.0 8.1 "If you ever wondered how Phillies owner John S. Middleton made his $2.9 billion...". CSNphilly.com. CSN Philly. Retrieved 4 January 2016. 
  9. "The Middleton Center". Bryn Mawr Presbyterian Church. Retrieved 4 January 2016. 
  10. Mcquade, Dan. "New York Times Plays Up Project HOME's Success". Phillymag.com. Phillymag.com. Retrieved 4 January 2016. 
  11. "Hope" (PDF). nfed.org. nfed.org. Retrieved 4 January 2016.