Peter Angelos
Peter Angelos was a top student at the University of Baltimore School of Law and started his career as a lawyer in 1961. He represented many clients in cases about things like dangerous products, personal injuries, and mistakes made by professionals. He became very successful in 1982 when he won a big case about asbestos, which got him more than $100 million. In 1993, Angelos led a group of investors, including famous people like writer Tom Clancy and filmmaker Barry Levinson, to buy the Baltimore Orioles for $173 million. This was the biggest sports team purchase in the U.S. at that time. His achievements were so impressive that he was named Sportsman of the Year by the New York Daily News in 1995. His net worth is $2 Billion.
Landmark Cases:
- Angelos as a lawyer, began his career in 1961 after passing the bar exam. He established a firm specializing in product-liability cases for employees, often working on a contingency basis, meaning he only received payment if the case was successful.
- One notable case involved representing approximately 8,700 steelworkers, shipyard workers, and manufacturers’ employees in a lawsuit concerning asbestos poisoning. This lawsuit, partially settled in 1992, reportedly earned Angelos around $330 million.
- Apart from his legal career, Angelos briefly served on the Baltimore City Council and ran for mayor in 1967 on an interracial ticket, though he was unsuccessful.
- In March 1996, Angelos was hired by Maryland to represent the state in a lawsuit against tobacco companies. Initially, the trial court’s ruling limited the state’s recovery to subrogation of losses through programs like Medicaid, which would have hindered the case’s progress. However, Angelos successfully lobbied the state legislature to amend the law, allowing the lawsuit to proceed.
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List of Top 10 Richest Lawyers in USA
Have you ever thought about who the richest lawyers in the United States are? These legal giants aren’t just skilled in the courtroom – they’ve also made enormous fortunes that rival those of famous businesspeople and celebrities. From top-notch litigators to savvy dealmakers, these wealthy lawyers have not only shaped the legal world but have also become some of the wealthiest individuals in the country. Let’s take a look at the 10 richest lawyers in the USA and learn how they’ve used their legal smarts and strategic thinking to achieve extraordinary wealth.
Table of Content
- Top 10 Richest Lawyers in USA
- George Conway
- William Barr
- Roy Black
- John Branca
- Robert Shapiro
- Willie E. Gary
- Judith Sheindlin
- Bill Neukom
- Jerry Reinsdorf
- Peter Angelos