John William Henry II is an American businessman and investor. He is the principal owner of Liverpool Football Club, the Boston Red Sox, The Boston Globe, and co-owner of Roush Fenway Racing. As of July 2017, Forbes estimated his net worth to be USD 2. 6 billion.
About John W. Henry in brief
John William Henry II is an American businessman and investor. He is the principal owner of Liverpool Football Club, the Boston Red Sox, The Boston Globe, and co-owner of Roush Fenway Racing. In March 2006, Boston estimated Henry’s net worth at USD 1. 1 billion. In November 2012, the company announced that it would stop managing clients’ money by the end of the year. As of July 2017, Forbes estimated his net worth to be USD 2. 6 billion. Henry started trading corn and soybean futures to learn the basics of hedging the price risk of holding an inventory of these commodities, whether in storage or out in the field. In 1976, a commodities broker at Reynolds Securities asked him to advise other farmers, but he declined. After spending a summer in Norway with his first wife, Mai, Henry developed a mechanical trend following method for managing a futures trading account. He tested his trend-reversal method—which was never out of the market but always held a position in every one of the markets in the account’s \”basket\” of commodities—using his own money. When that test proved successful, he founded John W. Henry & Company in 1981, opened a small office across the street from the airport in Irvine, California, and began marketing his management to the largest commodity brokerage firms in America.
In 1989, Henry moved to Westport, Connecticut. Two years later, Henry established a second office in Boca Raton. In 1990, Henry negotiated to purchase the Orlando Magic NBA team, for a short time was the lead general for an expansion team which became the Colorado Rockies, and headed a group attempting to land an NHL expansion bid in Florida. In 1999, Henry became the sole owner of the Florida Yankees. In January 2002, Henry sold a multi-franchise deal to Jeffrey Loria, then owner of Montreal Expos, with the goal of breaking the Curse of the Bambino. He also hired sabermeter James Bambini, a baseball saberman, to help him break the curse of the Red Sox. Following his sale of the Marlins, Henry led a purchase with partners Tom Werner and the New York Times Company from the Yawkey Trust. In 2009, Henry bought the Boston Globe from the New Jersey Times Company. In 2010, he bought the Miami Heat and later entered Major League Baseball with his purchase of a small interest in New York Nets. In 2012, Henry announced that he would sell the Heat and Nets to Wayne Huizenga for a reported USD 158 million. He sold the Heat in 2013.
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