Ted Leonsis

Theodore John Leonsis is an American businessman. He is a former senior executive with America Online (AOL), and the founder, chairman, and CEO of Monumental Sports & Entertainment, which owns the Washington Wizards, Washington Capitals, Washington Mystics, and Monumental Sports Network. With a net worth of $2.8 billion, he is one of the wealthiest individuals in the Washington, D.C., area. As CEO of Monumental Sports, he has used the threat of leaving Washington D.C. to demand that District of Columbia taxpayers subsidize the operations of his D.C.-based teams.