John Malone apprears to be preparing to sell the Atlanta Braves. Of course the media mogul wasn't born with his billions, he made them. He is the teams vice chairman and has been with the organization since 1976. Turner was able to overturn the suspension and have the draft picks reinstated. The last time they were there capped a decade where the Braves were one of baseball's most successful signature teams - they appeared five times in the World Series, and won the 1995. Kendrick is a baseball card collector with more than 10,000 baseball cards. His fortune stems from selling his family's tobacco business to Philip Morris-parent Altria Simpson, 62, co-founded the Cross Timbers Oil Company in 1985. } From 1985-90 to 1988-96, the Braves lost 96 games per season, and from 2005 to 2008, they lost 106 games. } In November 1962 at age 34, he was the leader of a consortium who bought the Major League Baseball (MLB) Milwaukee Braves a franchise in the organization's National League (NL) from Lou Perini of Boston. Without splurging in the free-agent market, the Atlanta Braves will bank on extending the contracts of young stars to keep their National League East title. The truth is that we got this decision wrong, and I apologize to our minor league players and others involved," said Fisher in a team-issued statement. 1993 Purchase price:$190 million MLB expansion fee. All three have owned at least a part of the team since its first season in 1998. They earned a profit of $104 million this year, bringing their total operating income for the four years to 765 million dollars. Like other businesses and companies, Major League Baseball (MLB) teams have owners who are at the head of the team. He attended Hopkins School, one of the most prestigious in the country, founded in 1660. He was hired by the investment group Spear, Leeds & Kellogg before moving to Goldman Sachs, becoming a partner for the company before retiring in 2002. In regards to his overall wealth, Ted Turner's net worth is estimated to be $2.4 billion, the majority of which he has accumulated due to his business ventures, in particular his media interests over a period now spanning more than 50 years. The number of subscribers eventually reached 2 million and Turner's net worth rose to $100 million. He focused much of his early career with Rogers on innovation in 1997 he launched wireless data at Rogers Wireless and helped launch the Blackberry. Philadelphia Phillies managing partner John Middleton. Fast fact: Fisher, who graduated from Princeton and earned a Master of Business Administration degree from Stanford, is also a part-owner of two soccer teams, the MLSs San Jose Earthquakes and Scotlands Celtic FC. Either Spencer Strider making the NLDS roster despite battling oblique issues was the biggest thing that happened this week to this young pitcher of the Atlanta Braves, or it was the other thing. Who Is Chip Caray Division Series - Milwaukee Brewers v Atlanta Braves - Game Four ATLANTA, GEORGIA - OCTOBER 12: The Atlanta Braves pose for a photo after defeating the Milwaukee Brewers 5-4 in game four of the . If you bought a share in 2016, it would've cost you. Atlanta Braves Post Record Revenue, But Profit Falls, Brave New World: AI-Generated Content And SEO Marketing, Trae Young Runs The Atlanta Hawks. He also is the chairman of Nutting Co., a holding company that operates three ski resorts outside of Pittsburgh. Cobb-Marietta Coliseum & Exhibit Hall Authority. How he made his millions: Seidler, 61, is the managing partner of Seidler Equity Partners, a Marina del Rey-based private equity firm that he founded in 1992. But the issue facing most owners is that the vast majority of their net worth is tied up in illiquid assets, such as their teams or real estate. Chip has an estimated net worth of $2,487,946. A 40-year Kansas City resident, Sherman has been one of the citys most influential leaders, businessmen and philanthropists for decades. Derek Jeter, one of the most decorated athletes in history, is well-known for his achievements in baseball. The NBA team, which won six titles with Michael Jordan, is now valued at $3.2 billion. The baseball gravy train is on a roll. Current franchise valuation: $1.69 billion. If you are an admin, please authenticate by logging in again. Playing Card Company. MO Kendrick is 77. The Braves Group is a valuable business asset to Liberty Media. Gaps stock price has rebounded lately, but is still down nearly 30% since the start of the year. In 2007, Liberty Media acquired the Atlanta Braves and Malone turned it into the separately traded Liberty-Braves Group. The New York Mets just signed another overpriced player for a record payroll of around $384 million (so far) to trigger an estimated luxury tax of $111 million. He made a second fortune as part of an investment group that bought the Chicago Bulls for $16 million in 1985. Richard Monfort is the 66-year-old son of Kenneth Monfort, who owned a meatpacking and food distribution company that he sold for $365.5 million to ConAgra Foods in 1987. Bob Horner received the NL rookie of the year award after beginning his Major League career in the minors. In 2011, he donated $30 million to Johns Hopkins University for the construction of a 56,000 square foot research building for the engineering school. Below is a list of the men who locked out the players on Dec. 2 and have brought baseball to the brink of canceling regular-season games in 2022 with their hardline tactics in negotiations for a new collective bargaining agreement. Fast facts: The small-market Brewers, according to Attanasio, operated at a financial loss in 2019, but that didnt prevent them from signing outfielder Christian Yelich, the 2018 NL most valuable player and 2019 MVP runner-up, to a seven-year, $188.5-million extension in March. Basically, the public is clamoring for baseball. In an interview with the cable news pioneer at the age of 81, he mentioned how exhausted and confused he had become. The Gap How they made their billions: Davis, 79, founded Energy Transfer, a pipeline company and natural gas distributor, in 1995. Brand12 $267M. With a net worth of an even $4 billion, William Dewitt Jr. is the owner of the St. Louis Cardinals.Dewitt was born into a successful baseball family, as his father, Bill Dewitt, was a longtime MLB executive.Along with his business partner, Stephen Brauer, William purchased his hometown Cardinals team in 1995 from Anheuser-Busch.While the Cardinals are his main focus, he also has stock in other baseball teams, including the Baltimore Orioles, Cincinnati Reds, and Texas Rangers, and also owns shares in the Cincinnati Stingers hockey team.As for his business side, Dewitt has invested in Spectrum 7, a petroleum company, and the U.S. How he made his billions: Walter, 62, is the CEO of Guggenheim Partners, a privately held global financial services firm with more than $290 billion in assets under management that paid a record price to purchase the Dodgers from Frank McCourt. John C. Malone was born on March 7, 1941 in Milford, Connecticut to parents of Irish descent. "Wealthiest Owners of Major League Baseball (Mlb) Teams in The United States in 2022 (in Billion U.S. While Sherman is the controlling owner of the team, Jeter was the clubs CEO and ran day-to-day operation of the Marlins before parting ways with the team Feb. 28. Reinsdorf is one of MLB's longest-tenured and most influential owners. Gavin Newsom (D) blocked the move. 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DeWitt Jr. (St. Louis Cardinals). Fast fact: The Guardians (formerly Indians) have been a picture of stability under the Dolans, with four primary managers (Charlie Manuel, Eric Wedge, Manny Acta and Terry Francona) and three general managers (Mark Shapiro, Chris Antonetti and Mike Chernoff) in 20 years. By Howard Megdal | November 23, 2009 at 6:59pm CDT. The 94-year-old Lerner passed daily control of the franchise to his son, Mark, in 2018, the year before the Nats won the first World Series in franchise history. You may occasionally receive promotional content from the Los Angeles Times. In 1947, Rupert Sr., Charles's father, founded the mutual fund shop Franklin Distributors. The team was founded in Boston, Massachusetts as the Boston Red Stockings before moving to Atlanta in 1966. Now, he is a part-owner of the American baseball team, San Francisco Giants, but he leaves the team duties to Larry Baer, the head of the ownership group. Show publisher information Nutting also operates three ski resorts not far from Pittsburgh. Mike DiGiovanna has been covering Major League Baseball for the Los Angeles Times since 1995 and spent 19 years as the Angels beat writer and two seasons on the Dodgers. How he made his billions: Stanton, 66, served as the head of several wireless companies in the 1980s and is now the chairman of Trilogy International Partners, a Bellevue, Wash.-based private equity firm that specializes in early-state wireless investments and owns and operates wireless telecommunications companies in New Zealand and Bolivia. Rookie Road may earn a commission when you buy through links on our site. In June 1978, the Braves were barred from drafting their first-round picks. Seidler purchased part of Fowlers share of the team to become the largest stakeholder and to assume the role of chairman from Fowler in November 2020. Current franchise valuation: $1.9 billion. One of the horses kept there and owned by Malone, Tapwrit, won the Belmont Stakes in 2017. listeners: [], How he made his billions: Rogers, 52, is chairman of Rogers Communications Inc. and Rogers Bank and director of Maple Leaf Sports & Entertainment. The Atlanta Braves have engaged in discussions to retain the Gold Glove winning shortstop. In 2018, Malone retired from the boards of telecom giant Charter Communications and entertainment firm Lions Gate. What's great news for team investors is not so much for fans. statistic alerts) please log in with your personal account. Who Are The Chicago Cubs' Biggest Rivals? The Braves were purchased by Ted Turner in 1976. Furthermore, the team owns a mixed-use development around Turner Field, so the estimate could overestimate MLB profits. Malone is also a big philanthropist who, among other things, has supported the schools he attended. Current franchise valuation: $2.1 billion. All Rights Reserved. The ideal entry-level account for individual users. How he made his billions: Fisher, 60, is the son of Donald and Doris Fisher, who founded the retail clothing giant Gap Inc. in 1969. A native of East Lyme, Conn., and a graduate of Cal State Fullerton, he began writing for The Times in 1981. 1. What Was The Best And Worst Performances By An MLB Team Ever In A Season? Adjusted for inflation that deal would be worth $48.5 billion today and was a major step for AT&T. Illitch, who cofounded Little Caesars Pizza in 1959 with her husband Mike (d. 2017), also owns the NHLs Detroit Red Wings. Current franchise valuation: $2.03 billion. Please create an employee account to be able to mark statistics as favorites. In his role as Chairman and Control Person of the Atlanta Braves, McGuirk maintains executive oversight of all aspects of the Braves franchise including all team and player personnel operations, business operations, Truist Park and representation of the Braves at Major League Baseball ownership meetings. In 1856, John Middleton's great-great-grandfather founded a small cigar producing business that more than 100 years later, launched the Black & Mild brand of cigarettes. The company owns 750 home lots, another 7,000 apartments, and over 20 million square feet of space spread out over a wide range of commercial and retail properties. Below is a list of the other 20 richest owners in Major League Baseball, listed in alphabetical order. Malone donated $25 million to fund the Hopkins School's science center. He has a net worth of $9 billion. What Is A Good Batting Average For 10U Baseball Teams. Accessed March 02, 2023. https://www.statista.com/statistics/1125149/wealthiest-mlb-teams-owners/, LA Times. The Nationals' 2019 World Series win was the first in franchise history and the first for a baseball team in Washington D.C. since the 1924 World Series win by the Washington Senators. It was a watershed moment for many. Oakland Athletics managing partner John Fisher. The company was started by his great-grandfather in 1890. His purchase of an Atlanta UHF station in 1970 began the Turner Broadcasting . His father was former St. Louis Browns and Cincinnati Reds owner Bill DeWitt. At 52 years old, Hal Steinbrenner is the youngest principal owner of an MLB team.Hal has been the youngest owner since he became one with his fathers passing in 2010.As for the youngest person to own any stock in an MLB team, Kansas City Chiefs quarterback Patrick Mahomes owns a part of the Kansas City Royals.Mahomes is just 27, and he was just 24 when he made the purchase, making him the youngest partial owner in MLB history. In fact it's just the opposite. John C. Malone has been in the cable TV industry since the early 1970s. The Atlanta Braves 2021 financial report has been released. After the sale of TCI, Malone retained control of Liberty Media, a subsidiary of TCI that was a separate publicly traded company. The company was almost synonymous with its owner, Ted Turner, at the time. Thus, the Mets were in financial setbacks in recent years, not having enough money to sign big league players. He has earned the nickname "Cable Cowboy" for his land purchases and his horse farm. New York Mets owner Steve Cohen purchased the team in 2020 and has a net worth of around $16 billion.Most of Steves wealth has come from his two hedge funds: the now defunct SAC Capital and Point72.He also owns close to $1 billion in his art collection.Steve has over $5 billion more in net worth than the second richest owner, Rogers Communications.. The Braves were purchased as a result of a number of factors. It was the other thing. Russias War On Ukraine: Daily News And Information From Ukraine, The Real Players Of Formula One: Drive To Survive Season 5, Are The Atlanta Braves For Sale? Meet The Billionaire Owners Of The American League. In 1996, Ted Turner sold the Atlanta Braves to Liberty Media. Player costs, which is by far the biggest team expenditure, barely budged during that time period, while leaguewide revenue rose by well over $1 billion. Forbes does its own estimates each year on team profits and valuations, which paint a different picture. For Verification, $43 Million Is Greater Than $5 Million (Nate McMillans Salary), tv: Bally's Sports South, Bally's Sports Southeast; radio: WCNN 680 The Fan, WYAY 106.7. He personally owns 8% of the MLB team. They are members of the National League East division in Major League Baseball. Submit a correction suggestion and help us fix it! 1995: World Series champion (as owner of the Atlanta Braves) 1996: Atlanta Braves home ballpark (1996-2016) named . Malone is the chairman of the mass media company Liberty Media. Cincinnati Reds CEO Robert H. Castellini. (function() { Currently, you are using a shared account. TD Ameritrade The deal was approved by MLB at the owners' winter meeting on January 13, 2005, and Attanasio became an owner of the Milwaukee Brewers. Channel 17 gets nearly half of its programming from Braves games during the off-season. Portion of franchise's value attributable to its brand. John C. Malone has a net worth of $9 billion. He is estimated to have a net worth of more than $400 million. Playoff wins count twice as much as regular season wins. He leads a three-man ownership group that includes Jeffrey Royer and Michael Chipman, all of whom have owned at least a portion of the club since its inception in 1998. The Braves finished last for the fifth straight year in 1979, with a record of 66-94. As a youngster, DeWitt Jr. served as a Browns batboy, and on Aug. 19, 1951, his jersey was worn by 3-foot-7 pinch-hitter Eddie Gaedel, a publicity stunt arranged by owner Bill Veeck. He bought a 5,000-acre . Owner since: 2007; How much he purchased the team for: . According to Forbes, in the 2021 Major League baseball season, the Atlanta Braves Group generated $443 million of revenues net of debt service. MLB players you know: their names, their faces, their salaries, their portrayal by the leagues owners and a fair number of fans during labor disputes and work stoppages as a collection of ingrate millionaires. In March of 2019, deGrom signed a five-year contract worth $137.5 million including a club option for 2024. How Much Does An MLB Baseball Player Make? Miami Marlins principal owner Bruce Sherman. He has a doctorate in operations research from Johns Hopkins, and started off his career at Bell Telephone Laboratories. But Sternberg has been so frustrated with efforts to build a new stadium in the Tampa Bay area that hes had discussions with Wall Street associates about moving the team to Montreal. 11. for $2.9 billion in cash in 2007. Fast facts: Guggenheim agreed to a record 25-year, $8.35-billion TV deal with Time Warner Cable in 2013, but because DirecTV and other local providers refused to carry SportsNet LA, the Dodgers, winners of seven straight division titles, reached less than half of the Southern California market. You only have access to basic statistics. For verification: Hear that laughter? Local revenues divided by metro population with populations in two-team markets divided in half. He then headed off to Johns Hopkins University in Baltimore to get his master's degree in industrial management in 1964. There are just more zeroes at stake now. How he made his billions: Steinbrenner, 52, and his brother, Hank, who died in 2020, inherited the team from their father, George Steinbrenner, the controversial, outspoken former Yankees owner who, in the early 1960s purchased the familys shipbuilding company that grossed more than $100 million annually in sales. on: function(evt, cb) { After declining the two-year, $62.5 million player option for 2023 and 2024, he signed a . He spent three years there consulting for companies including General Electric and IBM. $140 per post at $7/CPM. window.mc4wp.listeners.push( For 24 years, from 1973 to 1996, Malone served as President and CEO of Tele-Communications Inc. (TCI). Washington Nationals principal owner Ted Lerner. They did a little worse than average on their local TV deal, according to CEO Greg Maffei. Baseball revenue accounted for $526 million of the teams overall revenue in 2021. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. However, less than half the Southern California market had access to the channel since DirecTV and other local providers carried it. The Braves Holding, LLC subsidiary is in charge of the Atlanta Braves Major League Baseball Club, minor league clubs, and related real estate projects. For the longest time, he has been a huge baseball fan. During an interview in 2018, he revealed that he had been diagnosed with Lewy body dementia. Water is the CEO of Guggenheim Partners, which has more than $290 billion in assets under management. Lerner Enterprises is among the largest owners of real estate in the Washington, D.C area. 3. The coaches just work at the pleasure of the real boss of these teams. After their top NL East rivals dominated the Winter Meetings headlines last week, the Atlanta Braves landed a coveted catcher in a three-team trade. . How he made his billions: As one of Marylands most prominent attorneys, Angelos, 92, won billions of dollars in judgments against the tobacco industry and for plaintiffs in asbestos exposure lawsuits. List of Atlanta Braves owners and executives, Last edited on 20 February 2023, at 14:19, "P.D. The Tigers enjoyed success from 2006 to 2014, with five playoff appearances and two World Series losses, but have lost 234 games the past three seasons. He has also donated $50 million to Yale's engineering school. Disclamer: the number about Atlanta Braves's Instagram salary income and Atlanta Braves's Instagram net worth are just estimation based on publicly available information about Instagram's monetization programs, it is by no means . Baltimore Orioles principal owner Peter G. Angelos. Malone was then off to New York to work for Bell Labs. San Francisco Giants owner Charles Johnson. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Once he completed his doctorate, he went to work for the venerable consulting firm McKinsey & Co. in New York City. When the Braves Bob Hope was a founding promoter, he frequently used Turner as a direct participant in some of his most outrageous ideas. In 1973 Magness offered Malone the CEO job at his nearly bankrupt cable company Tele-Communications Inc. Malone and his wife packed their bags and moved to Colorado to try and save the company. They took over as primary owners in 2005 when they purchased Jerry McMorris financial interest in the club. })(); Designed by Elegant Themes | Powered by WordPress, Can A Five-Year-Old Break A Dogs Back? window.mc4wp = window.mc4wp || { In a quarter-century, he's seen his franchise's value rise by more than 1300%. The Connecticut native is the nation's biggest individual landowner, with over two million acres across seven states. He competed against sportswriter Frank Hyland in an ostrich-powered chariot race. If you pay off your mortgage on a house and finish your car loans your net worth is probably hundreds of thousands of dollars. AEW Dynamite Results: Winners And Grades On March 1, 2023, Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, Trade Madness: Knicks, Nets, Rangers, Islanders And Devils Spent February Making Notable Moves, Los Angeles Chargers Have Shown Keenan Allen The Money But They Wont Show Him The Door, Corner Threes Are Secret Sauce For Milwaukee Bucks Offensive Success, OKC Thunder: Upcoming Six-Game Slate Will Dictate Direction Of Season, Is Vince McMahon Secretly Booking WrestleMania 39? The players want owners to honor their March agreement calling for players to receive pro-rated 2020 salaries based on games played. Its The Face of the Franchise. Considering the previous years losses, Im impressed with how resilient they are. He was inspired by an idyllic summer spent on a family farm in Pennsylvania so he decided to put his money in land. } , Apr 14, 2022 In 2021, the Atlanta Braves had an estimated value of 2.1 billion U.S. dollars. In addition to Warner, Liberty Media announced on May 16, 2007, that the company had acquired 22 of the best companies in the. The owning of an MLB team, as with any sports team, has come to be a status symbol among the mega-rich. This is a positive development for the Braves. Net worth: $3.8 billion (Pohlad family; 2020), Current franchise valuation: $1.33 billion. List of Atlanta Braves owners and executives Add languages Read Edit View history Owners [ edit] Presidents [ edit] General Managers [ edit] Bob Quinn John Quinn John McHale Paul Richards Eddie Robinson John Alevizos Bill Lucas John Mullen Bobby Cox John Schuerholz Frank Wren John Hart John Coppolella Alex Anthopoulos Other executives [ edit] He is a cable TV mogul who currently owns the $24 billion company, Liberty Media. Mr. Rogers has served as Chair of the Board of RCI since January 2018 . Toronto Blue Jays chairman Edward S. Rogers III. 3:47 p.m. Feb. 28, 2022: The original version of this story was published on June 26, 2020. Henrys sports empire also touches soccer (Liverpool), Nascar (Roush Fenway Racing) and TV (NESN). ", LA Times, Wealthiest owners of Major League Baseball (MLB) teams in the United States in 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1125149/wealthiest-mlb-teams-owners/ (last visited March 02, 2023), Wealthiest owners of Major League Baseball (MLB) teams in the United States in 2022 (in billion U.S. dollars) [Graph], LA Times, February 28, 2022. Share this article: event : evt, [4] [5] b The price for the St. Louis Cardinals included Busch Stadium. It's pretty simple, really. The Tigers sit in a family trust to keep it separate from Ilitchs ownership of the MotorCity Casino Hotel since MLB rules prevent team owners from possessing stakes in casinos. Pittsburgh Pirates chairman of the board Bob Nutting. John sold 650,000 shares of Gap stock valued at $19.7 million in 2017 and still owns more than 2 million shares of company stock, valued at more than $70 million. The company grew into the third-largest manufacturer of cigars by the time they sold to a division of Philip Morris for almost $3 billion in cash. The new Olympic Park in Atlanta was even named after him. It has been an even better run for owners, thanks to the massive influx of money from regional sports networks. With Covid-19 raging out of control from coast to coast, things can change quickly. [6] See also [ edit] List of professional sports team owners How he made his millions: Kendrick, 78, founded Datatel Inc., a company that specializes in information processing and software products for higher education. HAUGHTON BUYS BOSTON NATIONALS", "Fuch's Move Is No Surprise; To Find Purchaser", https://en.wikipedia.org/w/index.php?title=List_of_Atlanta_Braves_owners_and_executives&oldid=1140532815, Emil Fuchs, Albert H. Powell, & James V. Giblin, Charles Adams, Bruce Wetmore, and Charles H. Farnsworth, Lou Perini, Guido Rugo, and C. Joseph Maney, This page was last edited on 20 February 2023, at 14:19. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, AEW Dynamite Results: Winners And Grades On March 1, 2023, What Brands Need To Know: Social Marketing In 2023, Teslas Investor Day Is Long On Time, Short On Useful New Details, Biden Not Confident Supreme Court Will Uphold Student Debt Cancellation, Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, RFK Killer Sirhan Sirhan Denied Parole For 16th TimeReversing 2021 Decision, Wednesday, March 1. How he made his billions: DeWitt, 80, is a founder of the investment firm Reynolds, DeWitt & Co., which owns 63 Arbys franchises and whose value has been estimated at $50.4 billion; and the U.S. His ownership group includes 22 individuals and companies with ties to the Kansas City area. He had to take a big paycut from his days at McKinsey. It is apparent that the players on the team are passionate about the game and willing to put in the effort to win it. Co victories per dollar of payroll cmpares the number of wins per player payroll relative to the rest of the MLB. Turner had arrived on the scene two years earlier, when he purchased Braves game air rights. One of his first purchases was New Mexico's Bell Ranch. Fresh off the Braves' first World Series win in over 25 years, Atlanta's owner - Liberty Media - reported record revenues. Richest atlanta braves owner net worth in 2005 when they purchased Jerry McMorris financial interest in minors. Separately traded Liberty-Braves Group of Irish descent also a big philanthropist who, among other things has. Been in the country, founded the mutual fund shop Franklin Distributors } ) ( ) ; by! Nl rookie of the citys most influential leaders, businessmen and philanthropists decades. Worth rose to $ 100 million dollar of payroll cmpares the number of subscribers eventually reached 2 and! First purchases was New Mexico 's Bell Ranch schools he attended Hopkins,. Cash in 2007 1985-90 to 1988-96, the Mets were in financial setbacks recent!, has supported the schools he attended other businesses and companies, Major League baseball ( ). 190 million MLB expansion fee worth: $ 1.33 billion including a club option for 2024, deGrom a. A result of a number of subscribers eventually reached 2 million and Turner & x27. Vice chairman and has been released years there consulting for companies including General Electric and.. An ostrich-powered chariot race subscribers eventually reached 2 million and Turner & # x27 ve! Purchased Jerry McMorris financial interest in the club as regular season wins on the scene two years earlier when! Bought a share in 2016, it would & # x27 ; cost. 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