As the managing general partner of Bain Capital and a private equity investor, Stephen G. Pagliuca is also a co-owner of the Boston Celtics basketball team.
Steve Pagliuca’s Net Worth in 2024
Steve Pagliuca is an American businessman and private equity investor who is worth $450 million, according to Celebrity Net Worth. It was in Framingham, Massachusetts, that Steve Pagliuca was born. He got his first degree from Duke University. After that, he went to Harvard Business School and got his MBA.
He started as a worker as an accountant abroad. In the Netherlands, he was a Senior Accountant and International Tax Specialist for Peat Marwick Mitchell & Company. After that, he worked for Bain & Company and then Bain Capital in the late 1980s.Since then, he has stayed on as a senior partner at Bain Capital.
He became a part of a group called the Boston Basketball Partners LLC in 2003. A group of businessmen paid $360 million for the Boston Celtics. There was a special election in Massachusetts in 2009, and he ran for office. He was trying to fill the seat in the U.S. Senate that Ted Kennedy had vacated. Out of the four candidates, he came in fourth place in the poll.
Steve Pagliuca’s Career
After getting his MBA, Pagliuca started working for Bain & Company, an international management consulting company. His skill and hard work were noticed right away, and he was quickly made a partner in the company. In 1989, he joined the private equity company Bain Capital, which was started by people he used to work with at Bain & Company.
Pagliuca was a key part of Bain Capital’s growth. He managed and oversaw investments in a wide range of industries, including technology, healthcare, retail, and media. As co-chairman of Bain Capital, Pagliuca has been very important in choosing the firm’s investments and running its business.
He was in charge of Bain Capital’s growth. With more than $130 billion in assets, it is now one of the biggest private equity firms in the world.
Pagliuca’s success and fame come from the way the company invests, which focuses on making investments that create value over the long term and make operations more efficient. For his deep love of the game, Pagliuca became a co-owner of the Boston Celtics in 2003.
He was the main reason why the Celtics became so popular so quickly and won the NBA Finals in 2008. Pagliuca is more than just an owner of the Celtics; he is heavily involved in their day-to-day operations and strategic decisions. The Celtics have stayed one of the best teams in the NBA thanks to his love of hoops and business sense.
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Steve Pagliuca’s Assets, Cars, Houses
Steve Pagliuca, the co-owner of the Boston Celtics and co-chairman of Bain Capital, has several notable assets:
Mansion in Weston, Massachusetts
Pagliuca is selling his custom-built mansion on 29 Webster Road in Weston, Massachusetts for $8,999,000. The 15,000 square-foot home sits on 4 acres of land and features 7 bedrooms, 9 bathrooms, an indoor basketball court, an outdoor basketball court, indoor and outdoor pools, a tennis court, a home theater, a wine cellar, and more.
Pagliuca purchased the property in 1995 for $875,000, demolished the existing home, and completed construction of the current mansion around 2003. He is now downsizing as his children have grown up.
Vacation Home in Narragansett, Rhode Island
In 2018, Pagliuca purchased an $8.2 million vacation home in Narragansett, Rhode Island.
Ownership Stake in Boston Celtics
As co-owner of the Boston Celtics, Pagliuca has a stake in the NBA franchise valued at hundreds of millions of dollars.
Ownership Stake in Atalanta B.C.
In 2022, Pagliuca led an investor group’s purchase of a majority stake in Italian soccer club Atalanta B.C., of which he is now a co-owner and co-chairman.
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