Marge Schott, a name that became synonymous with baseball in the late 20th century, began her journey in the world of sports as an unassuming secretary. Born in Cincinnati, Ohio, she started her career at the Frisch’s Big Boy restaurant chain, where she worked her way up to become the company’s president. It was during her tenure at Frisch’s that Schott developed her business acumen and a reputation for her no-nonsense approach to management.

Schott’s foray into baseball began in 1981 when she purchased the Cincinnati Reds, becoming the first woman to own a major league baseball team. Her ownership was marked by a mix of controversy and success. She was known for her outspoken nature and her penchant for making bold moves, both on and off the field. Schott’s leadership style, while often unconventional, proved effective as she led the Reds to two World Series victories in 1990 and 1995.

Marge Schott’s Current Net Worth (2025)

As of 2025, Marge Schott’s net worth is estimated to be around $700 million, according to the latest available information.

Career

Marge Schott, born in 1921, was an American businesswoman and majority owner of the Cincinnati Reds baseball team from 1984 to 1999. She also served as the team’s CEO and president. Schott was the first woman to be the majority owner of a Major League Baseball team. Before her involvement in baseball, Schott was a successful car dealer in the Cincinnati area.

Other Ventures

In addition to her ownership of the Cincinnati Reds, Schott was also involved in other business ventures. She owned several car dealerships in the Cincinnati area and was a successful entrepreneur in the automotive industry. Schott was also a philanthropist, donating to various charities and causes throughout her life.

Assets

Schott’s assets included the Cincinnati Reds baseball team, several car dealerships, and various real estate properties. She also had a significant collection of art and memorabilia, including a valuable collection of baseball artifacts. Schott’s estate, valued at over $500 million at the time of her death in 2016, was left to her family and various charitable organizations.

Annual Income

Schott’s annual income varied throughout her career. During her time as the owner of the Cincinnati Reds, her annual income was estimated to be around $10 million. However, this figure can fluctuate based on the team’s performance and other factors. Schott’s income from her car dealerships and other business ventures also contributed to her overall wealth.

Frequently Asked Questions about  Marge Schott

Frequently Asked Questions: Marge Schott Net Worth

1. What was Marge Schott’s net worth?

Marge Schott’s net worth was estimated to be around $1 billion.

2. How did Marge Schott make her fortune?

Marge Schott made her fortune through her ownership of the Cincinnati Reds baseball team and her family’s business, the Schott Beverage Company.

3. When did Marge Schott buy the Cincinnati Reds?

Marge Schott purchased the Cincinnati Reds in 1984.

4. How long did Marge Schott own the Cincinnati Reds?

Marge Schott owned the Cincinnati Reds for 12 years, from 1984 to 1996.

5. Why did Marge Schott sell the Cincinnati Reds?

Marge Schott sold the Cincinnati Reds in 1996 due to financial difficulties and controversy surrounding her ownership.

6. What was the Schott Beverage Company?

The Schott Beverage Company was a family-owned business that distributed beer and other beverages in the Cincinnati area.

7. Was Marge Schott involved in any controversies during her ownership of the Cincinnati Reds?

Yes, Marge Schott was involved in several controversies during her ownership of the Cincinnati Reds, including making racist remarks and displaying Nazi memorabilia.

8. How did Marge Schott’s controversies impact her net worth?

Marge Schott’s controversies had a significant impact on her net worth, as they led to a decline in the value of the Cincinnati Reds and ultimately contributed to her decision to sell the team.

9. What happened to the Schott Beverage Company after Marge Schott’s death?

After Marge Schott’s death in 2004, the Schott Beverage Company was sold to a private equity firm.

10. How did Marge Schott’s net worth compare to other MLB team owners?

At the time of her death, Marge Schott’s net worth was estimated to be one of the highest among MLB team owners.