Apr 27, 2009
Poor Peter Angelos
By: Caryn Tamber
Everyone’s feeling the recession, including Peter Angelos.
Press Box points out that Forbes left the Orioles owner and personal injury-law mogul off its World’s Billionaires list last month and its Baseball’s Billionaires list last week. The magazine put Angelos’ net worth at around $1.2 billion last September but now estimates that he has since lost at least 30 percent of his net worth, “despite the Orioles’ value staying flat at $250 million this year.”
No word yet from Angelos’ satirical Twitter alter ego, @Peter_Angelos, on how the drop in net worth is affecting his lifestyle.
Seems to be interesting that the net worth of the Orioles has stayed flat at $250 does that mean that sports are recession proof?