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

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