BillionaireNet
Middleton
John Middleton
Rank #936
UNITED STATESFood & BeverageTobacco

John Middleton

Net Worth
$4.329B
0% (24h)
John Middleton is an American businessman and philanthropist best known as the principal owner of the Philadelphia Phillies. Born in 1955, he is 70 years old as of December 16, 2025. His wealth stems from the sale of his family's tobacco business, John Middleton Inc., to Altria in 2007 for $2.9 billion. Middleton is also deeply involved in philanthropy, supporting education, homelessness initiatives, and medical research in the Philadelphia area. He is a graduate of Amherst College and Harvard Business School.

The Full Dossier

Early Life and Education

John Staubus Middleton was born on March 2, 1955. His family has a long history in the tobacco industry, with John Middleton Co. founded in 1857. He graduated from The Haverford School in 1973 and went on to Amherst College, where he earned a bachelor's degree in economics magna cum laude in 1977. He furthered his education at Harvard Business School, graduating with an MBA in 1979.

Rise to Success

Middleton began working at his family's cigar business at the age of 16. After graduating from Harvard Business School, he returned to John Middleton Inc. and was put on the company's board by his father. He transformed the company into a major player in the pipe tobacco industry, acquiring several brands. In 2003, he bought all the shares of the family company from his mother and sisters. In 2007, Middleton sold John Middleton Co. to Altria for $2.9 billion.

Key Business Strategies

Under Middleton's leadership, John Middleton Inc. saw significant growth. He focused on strategic acquisitions, buying tobacco brands from R.J. Reynolds, which propelled the company forward. He also expanded the packaged cigar business. After selling the family business, he has focused on his ownership of the Philadelphia Phillies. Middleton purchased a minority stake in the Phillies in 1994, and has since increased his ownership stake.

Philanthropy

John Middleton and his wife, Leigh, are active philanthropists. They have donated millions to various organizations, including Project HOME, Penn Medicine, and the Philadelphia School District. In 2013, they were recognized with the Philadelphia Award for their contributions to the community, which include initiatives for education, addressing homelessness, and workforce development. Middleton and his wife have made multiple contributions to the Eagles Autism Challenge.

Career Timeline

2021

MLB Executive Council

Became one of eight members of Major League Baseball's Executive Council, serving a four-year term, leaving the role in February 2025.

2016

Phillies' Controlling Owner

Became the Phillies' controlling owner.

2007

Sold John Middleton Co.

Sold John Middleton Co. to Altria for $2.9 billion.

2003

Bought out family's shares

Purchased all shares in the family company from his mother and sisters.

1987

Acquired Tobacco Brands

Bought four tobacco brands from R.J. Reynolds, transforming the company into a major corporate interest in the pipe tobacco industry.

1979

Graduated with MBA

Received his Master of Business Administration from Harvard Business School.

Philanthropic Impact

Homelessness$30M

Project HOME

Donated to Project HOME in an effort to end chronic homelessness.

Education$16.2M+

Philadelphia School District

Donated to the Philadelphia School District, Philadelphia Youth Network, Philadelphia Academies and Drexel University for career and technical education.

Autism Research$100K+

Eagles Autism Challenge

Donated to the Eagles Autism Challenge to drive autism research.

Medical Research$16M+

Penn Medicine

Donated to Penn Medicine, for neurological research and treatment.

Wealth Trajectory