Collect How Did Todd Boehly Get So Rich?

Todd Boehly is a successful businessman and investor. He is the owner of the Chelsea F.C. and the LA Dodgers. He also owns a piece of the Springsteen songbook.

Boehly’s success is partly due to his investment strategy. He started his career in annuities by founding Boehly Asset Management (now called Eldridge Industries) and built his wealth by focusing on the reliable, long-term returns of annuities. Just like Warren Buffett, Boehly has taken the cash from his core business to invest in various industries, including sports and entertainment.

Annuities are long-term insurance products that are often purchased to help people plan for retirement. Boehly’s business focus on annuities provided him with a stable cash flow that allowed him to invest in riskier but potentially more profitable opportunities. He applied the same strategy to his sports investments.

Boehly’s success in building a multibillion-dollar sports and entertainment empire is a testament to his business acumen and his willingness to take risks. He leverages the stability of his core annuities business to invest in more dynamic areas such as sports and entertainment. This strategic approach has allowed him to create a portfolio that is both diverse and profitable.

For instance, in 2018, Boehly became a part-owner of the Los Angeles Dodgers, a baseball team known for its huge fanbase and commercial success. The Dodgers are a high-profile investment, and Boehly has used his financial resources and his business expertise to help the team achieve even greater success. He did the same when he purchased the Chelsea Football Club in 2022. It was a risky move, but Boehly’s financial strength and his understanding of the sports market have helped him turn the team into a profitable venture.

Boehly’s investment strategy is an example of how patience and diligence can lead to long-term success. He didn’t just get lucky; he built his wealth through a calculated and disciplined approach. By starting with a stable foundation in annuities, he was able to expand his investments into other areas, and in the process, built a successful empire.