The Baltimore Orioles MLB franchise is a household name based in Baltimore, Maryland. The team was originally founded in 1894 and has gone through a series of relocations before settling in Baltimore in 1954.
The Orioles currently play their home games at the Oriole Park at Camden Yards. Historically, the team has won three World Series titles in 1966, 1970, and 1983.
Who are the Baltimore Oriole minority/majority owners, group members
The Baltimore Orioles are owned by David Rubenstein, who is the principal owner following the purchase of the team for $1.725 billion in 2024. Rubenstein led an ownership group that includes Mike Arougheti, Mitch Goldstein, and Michael Smith as principal owners.
David Rubenstein
David Rubenstein is an American lawyer, businessman and 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 the sports franchise.
David Rubenstein's source of wealth and businesses
Carlyle Group Inc.
Carlyle Group Inc. is an American company with interests in private equity, alternative asset management and financial services. Some of its products include leveraged buyouts, growth capital, energy lending, structured credit and real estate.
Michael Arougheti
Michael Arougheti is one of the Baltimore Orioles' principal owners. He is the cofounder and CEO of credit-orientated alternative investment firm Ares Management.
Ares is known for its operations as a direct lending company that provides loans to private middle-market companies in the U.S. and Europe. It also funds other asset classes like private equity, real estate and infrastructure.
According to figures from Forbes, Michael Arougheti has a net worth of $1.9B in 2026.
Mitch Goldstein
Mitch Goldstein is a partner and co-head of the Ares Credit Group. He is part of the company's operating committee and serves as director and co-chairman of the board of directors of Ares Capital Corporation, trustee and co-chief executive officer of Ares Strategic Income Fund and vice president, trustee and portfolio manager of CION Ares Diversified Credit Fund.
Mitch Goldstein is also affiliated with the Board of Managers of Ivy Hill Asset Management GP, LLC; a member of Ares Credit Group's U.S. Direct Lending, Commercial Finance, Pathfinder and the Ivy Hill Asset Management Investment Committees, etc.
Baltimore Orioles Ownership History
The Orioles have gone through a series of ownership throughout their 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 MLB franchise was originally known as the Milwaukee Brewers in 1894. However, the team relocated to St Louis in 1909 and was rebranded to the St Louis Browns before relocating to Baltimore in 1954 and settling as the Orioles.
Ballpark Information
The Baltimore Orioles currently play their home games at the Oriole Park at Camden Yards in Baltimore. The ballpark has a seating capacity of 45,971.
About Baltimore Orioles and Trophies
The Baltimore Orioles have a significant number of trophies throughout their history, from winning three World Series titles in 1966, 1970, and 1983 to American League pennants and division championships multiple times.