Mark Ein

Last updated

Mark Ein
Mark Ein 2023.jpg
Ein in 2023
Born
Mark D. Ein

(1964-12-31) December 31, 1964 (age 59)
Chevy Chase, Maryland, U.S.
Education
Occupations
Organizations
Title
Board member of
Spouse
Sally Stiebel
​
(m. 2013)​
Awards

Mark D. Ein (born December 31, 1964) is an American venture capitalist, sports team owner, and former doubles tennis player. He was born in Chevy Chase, Maryland, and earned a degree in economics from the Wharton School and a MBA from Harvard Business School. Ein worked for The Carlyle Group, Brentwood Associates, and Goldman Sachs before founding Venturehouse Group in 1999. He is a lifelong enthusiast of tennis who played in a few ATP tournaments. He is also chairman of the DC Open tennis tournament and the founder of the Washington Kastles of World TeamTennis (WTT).

Contents

Ein additionally owns the Washington City Paper , the Washington Justice of the Overwatch League (OWL), and is a limited partner of the Washington Commanders of the National Football League (NFL). Ein is a member of the Federal City Council, World Economic Forum, Gridiron Club, and chair of the President's Export Council since 2023. In 2013, he was honored for Outstanding Public Service in Professional Sports by the Jefferson Awards Foundation.

Career

Ein was born on December 31, 1964, in Chevy Chase, Maryland. [1] [2] [3] He earned a degree in economics from the Wharton School in 1987 a MBA from Harvard Business School in 1992. [4] He worked for The Carlyle Group, Brentwood Associates, and Goldman Sachs before founding Venturehouse Group in 1999. [5] [6] A lifelong enthusiast of tennis, Ein founded the Washington Kastles of World TeamTennis (WTT) in 2008 and is a board member of the United States Tennis Association (USTA). [5] He also played in a few ATP doubles tennis tournaments and once held an ATP ranking of 1098, doing so in 2015 at age 46. [1] [7] He was inducted into the USTA Mid-Atlantic Tennis Hall of Fame in 2012. [8]

Ein bought the Washington City Paper in 2017 and became chairman and CEO of the DC Open tennis tournament in 2019. [9] [10] He is the chairman of the board for Kastle Systems, a security company, and CEO of Capitol Investment Corp. [6] He also founded the Washington Justice of the Overwatch League in 2018. [11] Ein is a member of the Federal City Council, World Economic Forum, and the Gridiron Club. [5] [12] In 2023, he was a part of an investment group led by Josh Harris that bought the Washington Commanders of the National Football League (NFL) for $6.05 billion. [13] [14] The deal was the highest price ever paid for a sports team. [15] In 2009, D.C. mayor Adrian Fenty presented him with the Key to the City for his success with the Washington Kastles. [16] Ein became a Washington Business Hall of Fame laureate in 2018. [17] In 2023, he was appointed by U.S. president Joe Biden to chair of the President's Export Council, a group within the International Trade Administration that serves as the national advisory committee on the topic. [18]

Notable properties owned
TeamNotes
Washington Kastles World TeamTennis team
Washington City Paper Weekly newspaper
Washington Justice Overwatch League team; league folded in 2023
DC Open Tennis tournament; chairman and CEO
Washington Commanders National Football League team; limited partner

Personal life

Ein is Jewish; his mother was a Holocaust survivor. [19] He and businessman Josh Harris have been close friends since elementary school, with them attending Wharton and Harvard Business School together and sharing beach houses during their time on Wall Street. [3] [7] [20] Harris invited Ein to join his investment group that purchased the Commanders, their favorite team growing up, in 2023. [20] Ein was honored for "Outstanding Public Service in Professional Sports" by the Jefferson Awards Foundation in 2013. [21] He was an executive producer of the 2008 documentary film Kicking It . [4]

Ein married Sally Stiebel in September 2013. [22] The wedding had a live performance of Y.M.C.A. by the Village People and was attended by over 350 guests, including Mark Warner, Ted Leonsis, Raul Fernandez, Vernon Jordan, Valerie Jarrett, Debra Lee, Gene Sperling, Larry Summers, David Bradley, Adrian Fenty, Jack Evans, Murphy Jensen, Sam Kass, Capricia Marshall, and Mitchell Rales. [22] They spent their honeymoon at Lake Como in Italy and reside in the Georgetown district of Washington, D.C.. [22]

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References

  1. 1 2 Politico Staff (December 31, 2018). "BIRTHDAY OF THE DAY: Mark Ein, founder and CEO of Capitol Investment Corp and Venturehouse Group". Politico. Retrieved July 23, 2023.
  2. ↑ "Mark Ein ATP Tour profile". ATP Tour . Retrieved July 23, 2023.
  3. 1 2 Elfin, David (July 6, 2015). "Q&A with the Owners of the Philadelphia 76ers, New Jersey Devils and Washington Kastles". MoCo360 . Archived from the original on March 22, 2023. Retrieved March 22, 2023.
  4. 1 2 "Dinner and Discussion w/Mark Ein". Harvard Club of Washington DC . Retrieved July 23, 2023.
  5. 1 2 3 "Mark Ein - Chairman". kastle.com. Retrieved July 23, 2023.
  6. 1 2 Kangarloo, Kasra. "The many lives of Mark Ein (Video)". American City Business Journals . Washington Business Journal. Retrieved July 30, 2023.
  7. 1 2 Lynn, Carter. "Wharton grad Mark Ein continues to make impact in D.C. sports world". The Daily Pennsylvanian . Retrieved July 27, 2023.
  8. ↑ "Usta Mid-Atlantic Award Winners". United States Tennis Association . Retrieved July 30, 2023.
  9. ↑ Gregg, Aaron. "Local businessman Mark Ein to buy Washington City Paper for undisclosed sum". The Washington Post. Retrieved July 23, 2023.
  10. ↑ "Citi Open Spotlight with Mark Ein". usta.com. Retrieved July 23, 2023.
  11. ↑ Wolf, Jacob (September 4, 2018). "Sources: Overwatch League to add D.C. and Hangzhou, China, teams". ESPN . Retrieved December 3, 2018.
  12. ↑ "Current Members". Federal City Council . Retrieved August 7, 2023.
  13. ↑ Maske, Mark; Jhabvala, Nicki (July 20, 2023). "NFL owners approve sale of Commanders from Daniel Snyder to Josh Harris". The Washington Post . Retrieved July 21, 2023.
  14. ↑ "Josh Harris Announces Acquisition of Washington Commanders" (Press release). Washington Commanders. July 21, 2023. Retrieved July 21, 2023.
  15. ↑ Jhabvala, Nicki (July 20, 2023). "The Commanders sale was so complicated, it was 'like 20 deals in one'". The Washington Post . Retrieved July 23, 2023.
  16. ↑ Bland, Jacque (August 26, 2009). "Key-sponsored team given key to the city". Washington Examiner . Retrieved July 23, 2023.
  17. ↑ Milk, Leslie (November 19, 2018). "Here Are the Washington Business Hall of Fame Laureates for 2018". Washingtonian. Retrieved August 7, 2023.
  18. ↑ "President Biden Announces Key Appointments to Boards and Commissions". The White House . February 28, 2023. Retrieved July 23, 2023.
  19. ↑ Schwartzman, Paul (January 30, 2018). "A tennis team, mansions and now an alt-newsweekly: A tycoon's new project". The Washington Post. Retrieved July 23, 2023.
  20. 1 2 Jhabvala, Nicki (July 23, 2023). "How Josh Harris's Washington roots inspired him to buy the Commanders". The Washington Post . Retrieved July 23, 2023.
  21. ↑ "Jefferson Awards Announces Strategic Alliance with the NFL Player Engagement, Charles Fazzino and IvyConnect, While Celebrating 41 Years of Honoring Service to Others". prweb.com. Jefferson Awards Foundation. June 19, 2013. Retrieved July 23, 2023.
  22. 1 2 3 "Mark Ein weds Sally Stiebel: An A-list bachelor finally finds his bride". The Washington Post. September 22, 2013.
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