James Dolan is a well-known businessman from America who is best known to be the executive chairman of The Madison Square Garden Company. He is also the executive chairman of MSG Networks. Dolan supervises the daily operations of various sports teams like the New York Liberty, New York Rangers, and New York Knicks. He was previously the chief executive officer of Cablevision. Keep reading to know more about James Dolan’s net worth in 2018.
James Dolan Early Life
James Lawrence Dolan was born on May 11, 1955, in New York to his parents Larry Dolan and Charles Dolan. His two brothers named Thomas and Patrick are on the Board of Directors of Cablevision. He is the nephew of Cleveland Indians’ owner Larry Dolan.
Initially, he wanted to have a career in music but later switched to communications. He went to SUNY New Paltz and has struggled with addiction to drugs during his early adulthood. In 1993, he was in Minnesota’s Hazelden clinic for drug rehabilitation.
In 2002, James Dolan got married to Kristin Dolan. The couple resides on Long Island. He is an avid sailor and is the singer of ‘JD & The Straight Shot’.
James Dolan Career, Awards & Achievement
James Dolan first used to work in Cablevision. He was employed in different capacities and was sent to Cleveland by his father. In 1995, he became the chief executive officer of Cablevision. In there, he opposed his father’s satellite service called Voom. At the end, it was shut down.
His business career has also included failures and has incurred losses of $250 million when the chain of Clearview Cinemas failed miserably. Following the sale of Madison Square Garden properties to ITT Corporation and Cablevision in 1994, his company acquired 50% share in it.
Three years later, Cablevision became the sole owner of Madison Square Garden. By 1999, he started managing the sports properties of Cablevision. He is currently the manager of these assets. He became the chairman of Madison Square Garden.
He is responsible for the New York Knicks of National Basketball Association, New York Rangers of National Hockey League, New York Liberty of Women’s National Basketball Association, and Hartford Wolf Pack of American Hockey League. He used to supervise the day-to-day operations of these teams.
Dolan also used to manage MSG Plus and MSG Network which is regional sports network. He serves as the governor of New York Rangers and New York Knicks.
Awards & Achievements
One of the biggest career achievements of James Dolan is to be the chief executive officer of Cablevision. He held the position until June 2016. His other big career achievement is to be the executive chairman of MSG networks and of Madison Square Garden.
Net Worth of James Dolan
James Dolan has an estimated net worth of more than $1.5 billion. He inherited this fortune by having a highly successful business career. In the past two years, there has been a hike of 38% in his net worth. He also responsible for managing several sports team and has achieved a lot during his career. Additionally, he owns houses worth $76 million and has got several cars worth $18 million. Dolan has also got investments worth $690 million. In the next three years, there can be a growth of 12% in his net worth.
James Dolan is considered one of the most popular businessmen in the world. He has successfully managed many sports team. He is also a philanthropist and has raised money worth in millions of dollars. He is being associated with the Lustgarten Foundation. Despite being a successful businessman, James Dolan has been involved in various controversies. He has been criticized for managing the teams, particularly the New York Knicks.