Quick Links
Norma Lerner is the widow of Al Lerner who made fortune creating credit card giant MBNA. Barely billionaire: family's fortune fluctuating on Bank of America stock eventually had their shares drop by 15%.
Al Lerner, born in Brooklyn to Russian immigrants, sold furniture, invested earnings in Cleveland-area real estate. Bought control of Equitable Bancorp 1981, merged with Maryland National 1989; spun off MBNA 1991, eventually sold to BofA. Returned pro football to Cleveland in 1999.
Norma Lerner also owns the Cleveland Browns. They have a mansion that has a swimming pool with pool house, gardens, putting green, a man-made lake, tennis court, and an attached garage.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2016 |
Earning Turned Donation |
Total value of donations of The Lerner Foundation as the company's president |
$2,700,000 |
|
2016 |
Asset |
Total value of the assets of The Lerner Foundation as the company's president |
$4,000,000 |
|
2005 |
Sale of Asset |
Sale of the credit card giant MBNA to the Bank of America |
$35,000,000,000 |
|
2002 |
Earning Turned Donation |
Donation of The Lerner Foundation to the Cleveland Clinic Lerner College of Medicine to establish the Lerner Research Institute and the Cleveland Clinic Lerner School of Medicine |
$100,000,000 |
|
1993 |
Earning Turned Donation |
Donation of The Lerner Foundation to University Hospitals |
$10,000,000 |