Norma Lerner’s biography, fact, career, awards, net worth & life story

  • Source of Wealth: Inheritance
  • Marital Status: Widowed (Al Lerner)
  • Full Name: Norma Lerner
  • Nationality: American
  • Date of Birth: 1935
  • Occupation: Businessperson
  • Children: 2 (Randy and Nancy)

Norma Lerner is the widow of Al Lerner who made fortune creating credit card giant MBNA. Barely billionaire: family’s fortune fluctuating on Bank of America stock eventually had their shares drop by 15%.

Al Lerner, born in Brooklyn to Russian immigrants, sold furniture, invested earnings in Cleveland-area real estate. Bought control of Equitable Bancorp 1981, merged with Maryland National 1989; spun off MBNA 1991, eventually sold to BofA. Returned pro football to Cleveland in 1999.

Norma Lerner also owns the Cleveland Browns. They have a mansion that has a swimming pool with pool house, gardens, putting green, a man-made lake, tennis court, and an attached garage.

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