Net Worth & Profile
Alexander Spanos Biography and Net Worth
Alexander Gus Spanos was a prosperous American real estate magnate. He established the A. G. Spanos Companies and held the primary ownership of the San Diego / Los Angeles Chargers in the National Football League.
Who is Alexander Spanos?
Alexander Gus Spanos was a prosperous American real estate magnate. He established the A. G. Spanos Companies and held the primary ownership of the San Diego / Los Angeles Chargers in the National Football League.
Bio Data
| Name | Alexander Spanos |
| Gender | Male |
| Date of Birth | Stockton |
| Age | 95 years old |
| Place of Birth | Sep 28, 1923 – Oct 9, 2018 |
| Profession | Real estate development, Businessperson, Film Producer |
| Nationality | United States of America |
| Net worth | $2.4 Billion |
Biography
Spanos was born in Stockton, California, to Greek immigrants Constantino and Evanthia Spanos, he began working at his father’s bakery at the age of eight. His parents separated for a while and reconciled during his adolescence and remained married till his father’s death.
After graduating from college in 1942, he briefly sought pilot training in the Army Air Force. Later, at the University of the Pacific, he excelled in swimming, diving, and golf.
Career
Alexander Spanos started a catering business that grew into a million-dollar enterprise by 1955. Later, he delved into real estate and established the A.G. Spanos Companies, a major player in apartment development.
In 1984, he acquired a 60% stake in the Chargers for $48 million, eventually taking full ownership. His son, Dean, now manages the team. As of August 2022, the Los Angeles Chargers were valued at $3.875 billion.
After a significant heart surgery in 2000, Spanos generously donated $10 million to Sacramento Mercy General Hospital for a modern heart center. He also invested $500,000 in renaming the Fox Theatre in Stockton as the Fox California Bob Hope Theatre.
Spanos contributed $5 million to support George W. Bush’s reelection in 2004, earning him a position on the Kennedy Center board. He received the AHEPA Award and was honored in the California Building Industry Hall of Fame in 2005 for his exceptional community contributions.
Net Worth
Alexander Spanos, an American real estate developer, had an estimated net worth of $2.4 billion when he passed away in 2018.
He amassed his fortune through his company, A.G. Spanos Companies, specializing in multifamily residences and commercial buildings.
Personal Life
Alexander Spanos married Faye Papafaklis in 1948. They had four children, Dean, Michael, Alexis Ruhl, and Dea Berberian, he was based in Stockton, California, and also owned property in Las Vegas, Nevada. He wrote a book about his journey from poverty to wealth. Spanos died on October 9, 2018, at 95, due to complications from dementia.
FAQs
Q: Who was Alexander Spanos?
A: Alexander Spanos was an American real estate developer and sports team owner. He was best known for being the majority owner of the San Diego Chargers (later the Los Angeles Chargers) in the NFL.
Q: How did Alexander Spanos become successful?
A: Alexander Spanos became successful through his real estate ventures, founding the A.G. Spanos Companies. He also acquired majority ownership of the San Diego Chargers in 1984.
Q: What were Alexander Spanos’ notable achievements?
A: Apart from his success in real estate and sports ownership, Alexander Spanos authored a book titled “Sharing the Wealth: My Story,” recounting his journey from financial hardship to becoming a billionaire. He passed away in 2018 at the age of 95.