The Steinbrenner family are an American family of Irish-German descent. They have owned the New York Yankees of Major League Baseball since George Steinbrenner purchased the franchise in 1973. After George's death, Hal Steinbrenner, his son, became the chairman of the Yankees. The Steinbrenner family also has financial interests in real estate, horse racing, and car racing. Forbes estimated the Steinbrenner family to be worth $3.8 billion in 2015, making them the 75th richest family in the United States.
Businessman George Steinbrenner owned the American Ship Building Company and served as its chairman, as well as purchasing sports franchises. He led a group that bought the New York Yankees from CBS in 1973 for $10 million ($56,439,280 in current dollar terms). He sold two garages included in the sale, reducing the purchase price to $8.8 million ($49,666,567 in current dollar terms). He invested $168,000 of his own money ($948,180 in current dollar terms) in the sale. In 2009, Forbes estimated the Yankees to be worth $1.5 billion. Steinbrenner died in July 2010.
Hank is the oldest of the four children. He is co-chairman of the Yankees. Hal is the youngest of the four. He is chairman and CEO of Steinbrenner Hotel Properties. Hal became chairman of the Yankees in 2008, succeeding his father.
Jessica runs Kinsman Farm, a stud farm, in Ocala, Florida. She has also authored children's books. Jessica has been married and divorced three times. Her second marriage was to Joe Molloy, who served as managing general partner of the Yankees in 1992, while George was banned from baseball. Her third husband, Felix Lopez, served as a vice president for the Yankees.
Jennifer majored in business in college and briefly worked in press relations for the Yankees. However, George did not let her rise in the Yankees organization, saying "I've always been a chauvinist." Jennifer married Steve Swindal, who became a general partner in the Yankees and was named George's heir as chairman of the Yankees in 2005. They divorced in 2007, and the Steinbrenner family purchased Swindal's financial interests in the franchise. Jennifer runs the Steinbrenner family's private foundations.
George and Joan Steinbrenner's children have had 14 children.
Robert Molloy, the son of Jessica and Joe Molloy, is a film producer. He runs the production company Pinstripe Productions. George Michael Steinbrenner IV, the son of Hank, formed an IndyCar driving team in conjunction with Andretti Autosport in 2017 called Andretti-Steinbrenner Racing. The team competed in the 2017 Indy Lights. In 2018, he formed Harding Steinbrenner Racing with partner Mike Harding, competing in the 2018 IndyCar Series.
According to Jennifer, the family wants to own the team for "eternity". Hal said the family had begun discussing future plans for the family's involvement in the franchise, and that several of George's grandchildren, including Stephen Swindal Jr., George Michael Steinbrenner IV, Robert Molloy, Julia Steinbrenner Vinas (George IV's sister), and Katherine Steinbrenner (Hal's daughter), have expressed interest in running the Yankees.
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