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He was born in Bay Village, Ohio, his mother was an Irish immigrant and his father, a world class track and field hurdler.
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He joined the Kinsman Transit Company in 1957, a Great Lakes shipping company that was owned by his great grandfather and worked hard to revitalize the company. After making the company hugely successful, he later purchased the American Shipbuilding Company and became it's executive officer and chairman. The company had gross sales of over $100 million dollars annually.
Against his father's wishes, Steinbrenner entered the sports arena by acquiring basketball's Cleveland Pipers of the American Basketball League. The league and team eventually had financial problems, however, Steinbrenner didn't give up and hired very successful people until the league folded.
Although he invested and had a keen interest in Broadway and the theatre, Steinbrenner never gave up on his desire to own a sports team. He and a group of partners once failed to acquire the Cleveland Indians.
The Yankees had been struggling for several years while under CBS ownership that had acquired the team in 1965. In January, 1973, Steinbrenner and minority partner, Michael Burke along with a group of investors bought the Yankees for a reported $8.8 million dollars. Over the years, Steinbrenner ruled the team with an iron fist. He equated owning the Yankees to owning the Mona Lisa, both were masterpieces to be savored and not sold. He once said "winning is the most important thing in my life, after breathing, breathing first, winning next." His outspokenness along with driving up players salaries made him the controversial figure he was.
From 2006 until his death, Steinbrenner spent most of his time at his home in Tampa, Florida, leaving the Yankees to be run by his sons, Hank and Hal.
Steinbrenner died on the morning of the 2010 All Star game on July 13, 2010 from a heart attack, nine days after his 80th birthday. His estimated net worth was $1.5 billion dollars according to Forbes 400 list. He was the first owner of a baseball team to sell Cable TV rights.
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