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John Fisher (businessman)

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John Fisher
Born
John Joseph Fisher

(1961-06-01) June 1, 1961 (age 63)
San Francisco, California
NationalityAmerican
Alma materPrinceton University (BA)
Stanford University (MBA)
Known forMajority owner of the Oakland Athletics and the San Jose Earthquakes
Political partyRepublican
SpouseLaura Meier Fisher
Parent(s)Donald Fisher
Doris Feigenbaum
FamilyRobert J. Fisher (brother)
William S. Fisher (brother)

John Joseph Fisher (born June 1, 1961), is an American businessman. He is the principal owner of the Oakland Athletics of Major League Baseball and the San Jose Earthquakes of Major League Soccer He is the son of Gap Inc. founders Donald Fisher and Doris F. Fisher.[1]

Early life and education

Fisher is the son of Doris Feigenbaum Fisher and Don Fisher, the co-founders of Gap, Inc., and inherited his fortune from them.[2][3] As a child, his parents bestowed upon him the nickname "Harpo" due to his stubbornness and tendency to harp on his parents until he got what he wanted.[4] The moniker has followed him throughout his life, largely due to his widely-perceived opportunistic behavior and general inflexibility in business dealings.[5] Fisher attended Phillips Exeter Academy[6] and Princeton University, where he received a bachelor's degree[2] in 1983.[6] After college, Fisher worked in the mailroom at the Republican National Committee and worked as a fundraiser for then-President Ronald Reagan and Vice President George H. W. Bush.[6] He then attended graduate school at Stanford University School of Business, where he earned a master's degree in Business Administration.[2]

Career

Oakland Athletics fans wearing fan-made green "SELL" t-shirts protest against Fisher's proposed relocation of the team to Las Vegas in the midst of a sparse crowd

After graduate school, he took a job for a real estate company that did business with his parents' company, the Gap. The business was not successful and he became president of Pisces Inc., the Fisher family's investment management company.[6] He established a relationship with Lewis Wolff to jointly purchase several Fairmont hotels in San Francisco, which led to his investment in the Oakland Athletics of Major League Baseball.[6] He also has stakes in the San Jose Earthquakes of Major League Soccer and Celtic F.C., which competes in the Scottish Premiership.[6]

Fisher has been the majority owner of the Athletics since he and Wolff closed on their joint purchase of the team in 2005 and is now also the managing general partner. In November 2016, Wolff sold his 10% share[7] in the Athletics to Fisher giving Fisher full ownership of the team.

In April 2022, Forbes estimated his net worth to be $2.4 billion.[2]

Oakland Athletics relocation to Las Vegas

See also: Oakland Athletics proposed relocation to Las Vegas

In April 2023, the Oakland Athletics announced a plan to build a new stadium on the Las Vegas Strip at the site of the former Wild Wild West Gambling Hall & Hotel casino near Interstate 15, near the T-Mobile Arena, while also ending negotiations with the City of Oakland.[8] After this, in a game against the Cincinnati Reds, a large contingent of the 6,423 fans in attendance protested the relocation by holding signs and chanting "Sell the team!" during the game. During the same game, Athletics first baseman Ryan Noda hit a home run the to right field bleachers, over banners hung by fans critical of team ownership and management. After the game, MLB cropped the banners from its video highlights. The league later claimed it was unaware of the change and issued an apology.

Philanthropy

Fisher chairs the board of the Knowledge Is Power Program (KIPP Foundation), dedicated to training teachers for the KIPP public charter school network,[2] and co-chair of the Charter School Growth Fund.

Political views

In 2019, it was revealed that Fisher, with his mother Doris F. Fisher and brothers William S. Fisher and Robert J. Fisher, had donated nearly $9 million to a political action committee that opposed Barack Obama in the 2012 election.[9] He has donated to Ohio rep. Mike Carey, a longtime coal lobbyist and supporter of President Donald J. Trump.[10] In 2023, it was revealed Fisher had endorsed fellow billionaire and anti-transgender Republican Party candidate Doug Burgum for the 2024 US presidential election, having donated the maximum legal amount to Burgum's campaign.[11][12]

Personal life

He is married to Laura Meier Fisher.[13][14] The couple lives in San Francisco. Fisher, who is Jewish,[15] has two brothers: Robert J. Fisher and William S. Fisher.

References

  1. ^ "Available Therapy Groups". Crisis Support Services of Alameda County. Retrieved August 6, 2023.
  2. ^ a b c d e Forbes: The World's Billionaires - John Fisher April 2022
  3. ^ "John J Fisher, The World's Richest People - Forbes.com". images.forbes.com.
  4. ^ "Oakland A's Owner John Fisher Has a Knack for Enraging People With Business Deals". The San Francisco Standard. April 22, 2023. Retrieved July 31, 2023.
  5. ^ Lee, Allen (July 24, 2019). "10 Things You Didn't Know about Oakland A's Owner John J. Fisher". Money Inc. Retrieved July 31, 2023.
  6. ^ a b c d e f San Francisco Gate: "A's NEW ERA / JOHN FISHER / Son of Gap founder is the money behind the deal" by Todd Wallack March 31, 2005
  7. ^ Ozanian, Mike (November 18, 2016). "Fisher Family Buys Remaining Stake Of Oakland Athletics From Wolff". Forbes. Retrieved February 11, 2018.
  8. ^ "A's turned down $1 plot in resort corridor before settling on site for $1.5B Vegas stadium". The Nevada Independent. April 27, 2023. Retrieved May 26, 2023.
  9. ^ Tindera, Michela (October 26, 2019). "At Least 20 Billionaires Behind 'Dark Money' Group That Opposed Obama". Forbes. Retrieved October 30, 2019.
  10. ^ A 501tax-exempt; Street, charitable organization 1100 13th; NW; Washington, Suite 800; Dc 20005857-0044 (October 28, 2019). "GOP heavy hitters, Trump cabinet members revealed as donors to anti-Obama 'dark money' group". OpenSecrets News. Retrieved June 14, 2023.{{cite web}}: CS1 maint: numeric names: authors list (link)
  11. ^ Novak, Chris (July 17, 2023). "Athletics owner John Fisher endorses anti-transgender GOP presidential candidate". The Comeback.
  12. ^ Weisman, Jonathan; Corasaniti, Nick (June 7, 2023). "Doug Burgum, wealthy North Dakota governor, enters presidential race". The Boston Globe.
  13. ^ Princeton University news: "Fisher family funds dormitory for Princeton's Whitman College" by Ruth Stevens June 12, 2006
  14. ^ Stanford University Bulletin: "Laura Fisher" Archived July 6, 2013, at the Wayback Machine retrieved July 29, 2013
  15. ^ Palevsky, Stacey (October 1, 2009). "Gap Founder Donald Fisher Leaves Stamp on Community". J. The Jewish News of Northern California.
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