Find out about the owners of the Baltimore Orioles, owners' net worth, source of wealth, and ownership history.
The Baltimore Orioles are a household name in Major League Baseball. The franchise is based in Baltimore, Maryland. It was originally founded in 1894 and has gone through a series of relocations before settling in Baltimore in 1954.
The Orioles play their home games at the Oriole Park at Camden Yards, which is a historic stadium. Historically, the team has won three World Series titles in 1966, 1970, and 1983.
Who owns the Baltimore Orioles MLB franchise?
The Baltimore Orioles are owned by David Rubenstein, who purchased them for $1.725 billion in 2024. Rubenstein led an ownership group that consists of investors such as Cal Ripken Jr., Grant Hill, Mike Bloomberg, and Michele Kang.
Owners' Business and Source of Wealth
Who is David Rubenstein?
David Rubenstein is an American lawyer, businessman, philanthropist and a former government official. He is the co-founder and co-chairman of The Carlyle Group, a global private equity firm.
David has an estimated net worth of around $3.7 billion accrued from his business and ownership of a sports franchise.
Club Net Worth and Valuation
According to figures from Forbes, the Baltimore Orioles has a valuation of $1.9 billion.
Ownership History
The Orioles has gone through a series of owners throughout its history.
Jerold Hoffberger – 1954-1979
Jerold Hoffberger was the first owner and founder of the Baltimore Orioles MLB franchise.
Edward Bennett Williams – 1979-1989
Eli Jacobs - 1989-1993
Peter Angelos – 1993-2024
David Rubenstein – 2024-Present
Founding Year
The Baltimore Orioles was originally also known as the Milwaukee Brewers in 1894. The franchise relocated to St. Louis in 1909 and rebranded as the St. Louis Browns before relocating to Baltimore in 1954 and settling as the Baltimore Orioles.
Stadium Information
The Baltimore Orioles currently play their home games at the Oriole Park at Camden Yards located in Baltimore, Maryland. It has a seating capacity of 45,971. It was opened in 1992 replacing the Memorial Stadium.
About the Club and Trophies
The Baltimore Orioles have a significant number of trophies throughout their history, including three World Series titles in 1966, 1970, and 1983. The team has also won American League pennants and division championships multiple times.