The Net Worth of Art Modell


Art Modell is one of the most influential figures in American football. His career spanned over four decades during which he held positions as a television executive, owner of two NFL teams, and philanthropist. During his time as an owner of the Baltimore Ravens, he earned a Super Bowl title and was instrumental in creating the current NFL television package. Modell’s generosity led to millions of dollars being donated to various charities throughout his lifetime. Read on more to know about him.


Art Modell was born in Brooklyn, New York, to parents George and Theresa Modell. His father was a poor working-class immigrant from Hungary who worked long hours as a steamship company clerk to provide for his family. His mother was an Austrian immigrant who had come to America with her parents when she was only two years old. Despite their humble beginnings, Art’s parents instilled in him the values of hard work and education. They encouraged him to take advantage of the opportunities available to him through school and pushed him toward success.

Modell’s parents also taught him the importance of giving back and that one should use their success not just for personal gain but also to help others around them.

Early life 

Art Modell was born on June 23, 1925, in Brooklyn, New York. Growing up in a tight-knit family as the son of an immigrant from Austria, he was taught the value of hard work and dedication from an early age. As a child, Art had dreams of becoming a sports executive and started his journey to success by working at the local newspaper, where he learned the business side of professional sports.

In 1947, Art made a career move that would later shape his legacy: he took on a job in television advertising sales with CBS. It was during this time that Art developed a passion for football and became deeply involved in managing broadcast rights for NFL games – including airing some of the first nationally televised regular season match-ups. His exemplary work earned him recognition within the league, paving the way for future opportunities and successes.


Modell was born in Brooklyn, New York, and attended high school at Abraham Lincoln High School before attending college at City College of New York (CCNY). While there, he studied physical education along with courses like marketing and accounting, paving the way for his future career in professional sports.

He later furthered his studies by attending classes at NYU’s Graduate School of Business Administration before becoming an owner of multiple professional teams. His educational background likely played a major role in allowing him to become one of the most successful owners in NFL history.


Modell was a self-made businessman who wanted to own a professional ball club. In 1961, Modell bought the Cleveland Browns for $4 million. By then, the Browns had become well-known for their appearances in the National Football League’s championship games. 

During the second year of Modell’s ownership, the NFL named him chairman of the league’s broadcast committee. During that same year, the Browns moved from Cleveland to Baltimore. Despite that, he was able to buy back his wine company. Later, he and his partner installed televisions in the aisles of grocery stores.

In 1961, he acquired the Cleveland Browns. This led to him becoming an influential owner. However, he had to sell the team to Baltimore in 2004. At the time, the team was in debt and the debt had reached $185 million. 

Before he owned the Cleveland Browns, Modell had worked in the Brooklyn shipyard. He had a long history with the Browns, and his involvement with the team was highly visible.

Net worth

Art Modell was an American businessman and NFL owner whose legacy includes helping to merge the National Football League and the American Football League. He had a net worth estimated at $4.20 million, making him one of the wealthiest owners in professional football history.

Beginning with his purchase of the Cleveland Browns in 1961, Modell went on to become one of pro football’s most innovative and powerful owners. During his time as owner of the Browns, he won two championships and helped lead negotiations between labor and management that resulted in several landmark agreements for players’ rights. When he moved his team from Cleveland to Baltimore in 1996, it sparked debate about loyalty versus business acumen.


Art Modell’s charity was a lifelong commitment to the city of Baltimore and its numerous causes. He was renowned for his kindness, generosity, and dedication to the countless organizations he supported. 

Throughout his rich life, Art Modell served as an influential philanthropist in Baltimore. He donated time and money to numerous charitable causes across the city, ranging from education initiatives to medical research programs. His support went beyond just monetary gifts; he also created scholarships that allowed students in need to attend college and provided mentorship opportunities for young adults. 

The legacy of Art Modell’s charity lives on through these initiatives even today. In addition, each year a new scholarship is established in his name at the University of Maryland School of Medicine with funds raised by his family and friends. His desire to give back will be remembered forever – a true testament to a man who truly embodied a giving spirit!


Art Modell was a legendary figure in the history of professional football. He served as an NFL owner for over 40 years and made a lasting impact on the league during his tenure. 

Modell was known for his philanthropic work, both in Baltimore, where he owned the Ravens, and Cleveland, where he owned the Browns. He received numerous awards throughout his career including two NFL Man of the Year awards, two Pro Football Hall of Fame Awards, an Emmy Award, and a Sports Executive Lifetime Achievement Award from Columbia University. Under Modell’s leadership, teams won multiple division titles and appeared in five Super Bowls.


In conclusion, Art Modell’s legacy and influence on football, business, and the city of Cleveland are immense. His accomplishments in the business world and his contributions to the National Football League will never be forgotten. He was an innovator who helped shape the modern game of professional football, creating a lasting impact that we can still see today. His pioneering spirit and entrepreneurial zeal benefited not only himself but also those around him.

The Net Worth of Art Modell

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