San Diego Padres chairman and owner Peter Seidler has died at the age of 63.
The tragic news of Peter Seidler’s death was announced by the team on social media on Tuesday, November 14, 2023.
Who was Peter Seidler?
Peter Seidler was an American businessman. He was the chairman of the San Diego Padres of Major League Baseball.
Seidler was born in Alhambra, California, on November 7, 1960.
He was the grandson of Walter O’Malley and nephew of Peter O’Malley, who had owned the Brooklyn (later renamed Los Angeles) Dodgers of Major League Baseball (MLB).
He earned a bachelor’s degree in finance from the University of Virginia and a Master of Business Administration from the University of California, Los Angeles.
While at Virginia, he joined the Delta Upsilon Fraternity.
Seidler founded a private equity firm, Seidler Equity Partners in Marina del Rey, California, in 1992.
He was the managing partner. The firm had an estimated $1.8 billion in assets under management in 2020 and $3.5 billion in 2023.
Peter Seidler net worth
Peter Seidler’s net worth is not publicly available. However, some sources estimate that he and his co-owner Ron Fowler have a combined net worth of $500 million.
This is based on their ownership of the San Diego Padres, which is worth $1.58 billion, and their other businesses and investments.
Peter Seidler is the founder and managing partner of Seidler Equity Partners, a private equity firm that has invested in more than 50 companies.
He is also a member of the O’Malley family, which had owned the Brooklyn/Los Angeles Dodgers for nearly 50 years.
What was Peter Seidler’s cause of death?
San Diego Padres owner and chairman Peter Seidler died Tuesday, November 14, 2023, at the age of 63.
The Padres announced his death in a media release on Tuesday, The news comes after Seidler, a two-time survivor of non-Hodgkins lymphoma, shared in a statement in September that he had undergone “a medical procedure” the month prior and was “on the road to recovery.”
“Although I can’t be with you at the ballpark for our remaining games this season, I am watching them all, and I look forward to making some noise together again in 2024 and celebrating the 20th anniversary of our beautiful ballpark,” his statement added.
According to the San Diego Union-Tribune, Seidler “had been battling an illness for months,” and his family requested for his cause of death to remain private.
Source: www.www.atinkanews.net
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