Age, Biography and Wiki
Jerold Hoffberger was born on 7 April, 1919, is a businessman. Discover Jerold Hoffberger's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 80 years old?
Popular As |
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Age |
80 years old |
Zodiac Sign |
Aries |
Born |
7 April 1919 |
Birthday |
7 April |
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Date of death |
April 9, 1999 |
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We recommend you to check the complete list of Famous People born on 7 April.
He is a member of famous businessman with the age 80 years old group.
Jerold Hoffberger Height, Weight & Measurements
At 80 years old, Jerold Hoffberger height not available right now. We will update Jerold Hoffberger's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Jerold Hoffberger Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Jerold Hoffberger worth at the age of 80 years old? Jerold Hoffberger’s income source is mostly from being a successful businessman. He is from . We have estimated
Jerold Hoffberger's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
businessman |
Jerold Hoffberger Social Network
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Timeline
He was a 1996 honoree into the Orioles Hall of Fame, inducted with Cal Ripken, Sr. and Billy Hunter. 400 showed up at the luncheon at the Sheraton Inner Harbor Hotel.
Hoffberger was known for his charitable contributions, which included assistance to Johns Hopkins Hospital, the University of Maryland and Goucher College. Town & Country magazine estimated in 1983 that he had donated more than $10 million to charities.
When Baltimore Oriole star Frank Robinson was inducted into the Baseball Hall of Fame in 1982, he made reference to Hoffberger. He said that after a game, Hoffberger "wouldn't come over and slap you on the back and say nice game-winning home run, nice double, nice play or whatever. The first words out of his mouth were: 'How are you? How's your family? Is there anything I can do for you?'."
Hoffberger died at Sinai Hospital in Baltimore, two days after his 80th birthday.
Hoffberger sold his controlling interest in the Orioles to Edward Bennett Williams for $12 million on August 2, 1979, with the transaction being approved unanimously by American League team owners .mw-parser-output .frac{white-space:nowrap}.mw-parser-output .frac .num,.mw-parser-output .frac .den{font-size:80%;line-height:0;vertical-align:super}.mw-parser-output .frac .den{vertical-align:sub}.mw-parser-output .sr-only{border:0;clip:rect(0,0,0,0);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px}11+1⁄2 weeks later on October 22. The Orioles in his final year of ownership fell one victory short of winning the 1979 World Series, set a new franchise season attendance record and earned a $1.5 million profit.
Even though the Orioles were a success on the diamond, the team struggled financially because of lagging attendance. Looking to sell his ballclub and brewery, Hoffberger engaged in talks for three months with the Labatt Brewing Company which was attempting to attract a major-league franchise to move to Toronto. Negotiations ended when the National and Carling Brewing Companies agreed to a merger on October 14, 1975. A result of the consolidation was Hoffberger becoming chairman and chief executive officer of the newly formed Carling National Breweries, Inc. He retained ownership of the Orioles which wasn't included in the transaction, but couldn't sell it without company approval.
in the early 1970s, Hoffberger purchased a farm near Woodbine called Sunset Hill Farm (formerly Helmore Farm) in Howard County, Maryland where he bred Thoroughbred horses for racing. While primarily a breeder, he did race horses on his own, notably winning the 1984 Razorback Handicap at Oaklawn Park Race Track.
Hoffberger was the largest single shareholder in the Orioles, but was initially a silent partner with Miles (1954–1955), James Keelty (1955–1960) and Joe Iglehart (1960–1965). During this time, however, he bought more and more stock until he acquired controlling interest in 1965. He immediately brought in Frank Cashen, National's advertising director, as executive vice president. Under the direction of Cashen and general manager Harry Dalton, the Orioles won four AL pennants and two World Series from 1966 to 1971.
In 1953, when the St. Louis Browns of baseball's American League wanted to move to Baltimore, the nearby Washington Senators, led by Clark Griffith, objected to the potential encroachment on their market. Hoffberger helped ease the way for the move by making his National Bohemian beer a Senators sponsor. When Browns owner Bill Veeck was all but forced to sell the team, Hoffberger and attorney Clarence Miles put together a syndicate that bought the team for $2.5 million and moved it to Baltimore as the Orioles.
The year after the war ended, he was appointed president of the brewery by his father after the death of his predecessor, Arthur Deute. Under the younger Hoffberger's command, National's sales rose from 230,000 barrels in 1946 to two million in 1966.
Jerold Charles Hoffberger (April 7, 1919 – April 9, 1999) was an American businessman. He was president of the National Brewing Company from 1946 to 1973. He was also part-owner of the Baltimore Orioles of the American League from 1954 to 1965, and majority owner from 1965 to 1979.