Steve Bisciotti | $1B+
Get in touch with Steve Bisciotti | Stephen Bisciotti is the owner of the Baltimore Ravens and the founder of Allegis Group, the largest privately held staffing firm in the world. He built his fortune starting Aerotek out of a basement with his cousin, eventually scaling the business into a global workforce solutions leader. Since acquiring full ownership of the Ravens in 2004, Bisciotti has established the franchise as a model of organizational stability and competitive consistency, overseen by a "next man up" philosophy. Under his tenure, the Ravens have secured a Super Bowl title and remain a perennial playoff contender, known for a front-office culture that prioritizes strong scouting and long-term continuity in coaching and management.
Stephen J. "Steve" Bisciotti (born April 10, 1960) is an American businessman and sports executive best known as the majority owner of the National Football League's Baltimore Ravens and the co-founder of Allegis Group, the largest privately held staffing and talent management company in the world. With a net worth of approximately $8.5 billion as of September 2025, primarily derived from his staffing empire and the Ravens franchise—valued at $6.1 billion net of debt as of August 2025—Bisciotti exemplifies success in both entrepreneurial ventures and professional sports ownership.[1][2]
Born in Philadelphia, Pennsylvania, Bisciotti moved with his family to Severna Park, Maryland, in 1961 at the age of one, becoming the youngest of three children in an Italian-American household.[3] His early life was marked by tragedy when his father, Bernard, died of leukemia in 1968, leaving his mother, Patricia, a single parent who raised the family on a nurse's salary in Baltimore's suburbs.[3] A passionate athlete, Bisciotti played football, baseball, and basketball in high school, aspiring to professional sports before pursuing higher education.[4] He graduated from Salisbury State University (now Salisbury University) in 1982 with a liberal arts degree and briefly worked in the staffing industry after college.[3][4]
In 1983, at age 23, Bisciotti co-founded Aerotek with his cousin Jim Davis from a basement office in Maryland, initially targeting engineering and aerospace staffing for the defense sector.[5] The venture expanded rapidly into information technology, automotive, and telecommunications divisions, evolving into the Allegis Group, a global network of specialized staffing firms that now places over 500,000 people worldwide annually and generates more than $14 billion in annual revenue.[5][4] Bisciotti served as chairman until 2019, steering the company to become the top U.S. staffing provider through organic growth and strategic acquisitions.[4]
Bisciotti's foray into sports began in 2000 when he acquired a minority interest in the Baltimore Ravens from original owner Art Modell, culminating in full majority ownership on April 9, 2004, for $325 million.[3] Under his stewardship, the Ravens have enjoyed sustained excellence, including a Super Bowl XLVII victory in 2013 and 14 playoff berths since 2004. The team achieved 172 regular-season wins since hiring head coach John Harbaugh in 2008 until his dismissal in January 2026—one of the highest in the NFL during that span.[3][6] His low-profile leadership emphasizes organizational consistency and community ties, reflecting his roots in the Baltimore area.[3]
Married to Renee Foote since 1986, Bisciotti has two sons, Jason and Jack, and resides in Hobe Sound, Florida, where he enjoys golfing and boating.[4] Through the Stephen and Renee Bisciotti Foundation, established in 1999, he and his wife have committed over $100 million to causes in Maryland, including a $20 million donation in 2023 to the Boys & Girls Clubs of Metropolitan Baltimore and $30 million in 2024 for college access programs.[3]
Early life and education
Childhood and family background
Stephen J. Bisciotti was born on April 10, 1960, in Philadelphia, Pennsylvania, as the youngest of three children.[7] In March 1961, when he was just one year old, his family relocated to Severna Park in Anne Arundel County, Maryland, a suburb of Baltimore, where he spent the remainder of his childhood.[7] His parents were Bernard Bisciotti, who worked in sales, and Patricia Bisciotti, both of whom came from working-class Italian-American backgrounds and instilled in their children a strong emphasis on hard work and family loyalty.[8][9][10]
Bisciotti's early family life was marked by stability in their middle-class suburban home, though it was disrupted when his father, Bernard, died of leukemia in 1969, when Steve was eight years old.[7][11][10] Following Bernard's death, his mother, Patricia—a devoted fan of Baltimore sports and Notre Dame—raised the children alone, reinforcing values of perseverance, faith, and community through her own example of resilience and dedication to family.[7][11] This upbringing in a close-knit household shaped Bisciotti's approach to relationships and responsibility in his later endeavors.
From a young age, Bisciotti was immersed in Baltimore's sports culture, accompanying his father to games of the Baltimore Colts and Orioles, which sparked his lifelong passion for professional teams.[7] His family's season tickets to Colts games allowed him to idolize players like Johnny Unitas, fostering a deep-rooted loyalty to the city's franchises that influenced his personal identity and future interests.[12][9] As a child in Severna Park, he also cheered for Orioles outfielders like Paul Blair during the Earl Weaver era, blending family outings with the excitement of local athletics.[12][8]
Academic background
Bisciotti attended the private Severn School in Severn, Maryland, for two years before transferring to the public Severna Park High School in Severna Park, Maryland, where he completed his secondary education. During his senior year at Severna Park High, he played on the varsity football team under head coach Andy Borland, though he later described himself as not being a standout athlete, having also participated in baseball and basketball during high school.[7][13]
Following high school, Bisciotti enrolled at Salisbury State University (now Salisbury University) in Salisbury, Maryland, a public institution focused on teacher education and liberal arts. He graduated in 1982 with a Bachelor of Arts degree in liberal arts, supported by his family during his studies. While at Salisbury State, he earned the nickname "Shots" from his college friends, reflecting his sociable personality, though details on formal extracurricular involvement beyond social circles are limited.[3][10][8]
Upon graduation, Bisciotti initially entered the workforce in the temporary help industry but lost his position in 1983 at age 23, amid the economic recession of the early 1980s that contributed to high unemployment rates. Rather than seeking traditional employment aligned with a liberal arts background, such as in education or communications, he developed a strong drive for entrepreneurial independence, aiming to build financial security by age 30 and opting to launch his own venture instead.[7][10][8]
Business career
Founding and growth of Aerotek
In 1983, Steve Bisciotti and his cousin Jim Davis founded Aerotek in Hanover, Maryland, as a contract engineering firm focused on providing technical personnel to the aerospace industry. This venture followed the bankruptcy of a small staffing company where Bisciotti had worked after college, prompting the duo to start anew with limited resources in a modest basement office. Initially targeting engineering and IT sectors, Aerotek matched skilled professionals, such as engineers and technicians, with temporary positions at major clients including Boeing and AT&T, establishing a niche in professional staffing services.[14][15][5][16]
Aerotek experienced rapid expansion throughout the 1980s and 1990s, growing from a single small office to a national powerhouse with over 110 branches across 37 U.S. states by the late 1990s. The company's growth was fueled by the booming demand for temporary skilled labor in technical fields, allowing it to become one of the largest staffing firms in the United States during that decade. Key to this success were strategies centered on building long-term client relationships through reliable placements and fostering employee development via comprehensive training programs, which enhanced worker skills and retention. Aerotek also diversified into specialized divisions, such as engineering and scientific staffing, to address evolving industry needs in areas like IT and life sciences.[14][17][18][19]
Significant milestones included reaching nearly $900 million in annual revenue by 1998 and achieving billion-dollar status in subsequent years, underscoring its scale as it supported thousands of clients and employed over 4,500 administrative staff. By expanding its footprint nationwide, Aerotek solidified its position as a leader in the staffing industry, emphasizing performance-driven placements that contributed to its sustained growth.[14][20][21]
Expansion into Allegis Group
In the 1990s, as Aerotek expanded beyond its initial focus on engineering staffing, the company established a parent entity to oversee its growing portfolio of divisions, formally creating Allegis Group as the holding company with Aerotek as its flagship subsidiary.[22] This structure allowed for greater operational flexibility and strategic coordination among emerging business units, marking the transition from a single-entity firm to a diversified conglomerate in the talent management sector.[5]
Under Allegis Group's umbrella, the organization evolved into a global staffing powerhouse, operating in over 100 countries by the 2010s through organic growth and targeted international expansions into regions like Europe, Asia-Pacific, and the Americas.[23] Annual revenues surpassed $13 billion in recent years, reaching $14.9 billion in 2023 and $14.2 billion in 2024, driven by a network of more than 500 offices worldwide and a workforce of approximately 24,000 employees.[24][25] Diversification accelerated with the creation and acquisition of specialized subsidiaries, including TEKsystems for IT staffing in the 1990s, Actalent for engineering and sciences services (formed through the 2021 integration of Aerotek's engineering divisions and the acquired EASi), and Aston Carter for finance and administrative roles; additional units like Major, Lindsey & Africa addressed executive search in legal and financial sectors, while MarketSource focused on outsourced sales solutions.[5][26][19]
As founder and majority owner, Steve Bisciotti provided strategic oversight for Allegis Group's expansion, delegating day-to-day management to professional executives while maintaining influence over high-level decisions.[4] A key recent development came in 2021, when Allegis restructured Aerotek into three independent operating companies—Aerotek (industrial and skilled trades), Aston Carter (finance and admin), and Actalent (engineering and sciences)—to enhance specialization and client service in distinct market segments.[19] This reorganization, celebrating the group's 40-year milestone, positioned Allegis to better address evolving workforce demands across industries.[27]
Legal challenges
In 2009, Aerotek faced a class-action lawsuit filed by call center employees alleging wage suppression through the denial of accrued paid leave benefits, which had been earned prior to a company policy change in April 2007.[28] The suit, brought in California federal court, sought compensation for over 1,300 affected workers and highlighted broader concerns in the staffing industry regarding labor practices for non-exempt employees, including potential violations of state wage laws on earned benefits.[28]
Other notable legal actions included a 2007 lawsuit by Aerotek against former employee Michael Ponce and his new employer, The Johnson Group Staffing Co., accusing them of trade secret misappropriation by soliciting Aerotek clients and using confidential information.[29] In 2012, Allegis Group, along with subsidiaries Aerotek and TEKsystems, sued four former employees for breaching non-compete and non-solicitation agreements by poaching clients and colleagues while transitioning to a competitor, Piper Enterprise Solutions.[30]
These cases generally resulted in settlements or judgments without Aerotek or Allegis admitting wrongdoing; for instance, the 2009 class action settled for $1.2 million, providing modest payouts to class members, while the Johnson Group litigation ended with a jury finding of misappropriation but no damages awarded, followed by attorney's fees disputes.[28][29] In response, the companies implemented internal measures, such as enhanced compliance training and diversity audits, to address labor and competitive practice issues.[31]
Aerotek has faced ongoing scrutiny from the Equal Employment Opportunity Commission (EEOC) since 2008 over allegations of discrimination in hiring and assigning temporary workers based on race, sex, and age at various branches.[32] These investigations, spanning multiple locations, culminated in a 2021 conciliation agreement for $3.525 million in monetary relief without admission of liability, including commitments to policy audits and complaint reporting, resolving the matters without additional major penalties.[31]
In 2025, Aerotek faced additional employment discrimination lawsuits, including Causey v. Aerotek (filed July 22, 2025, in Maryland District Court, alleging racial discrimination and retaliation against a Black director) and Garnett v. Aerotek (filed May 6, 2025, alleging race discrimination).[33][34] Another suit, Moore v. Aerotek (filed September 5, 2025, in California Superior Court), alleged employment discrimination.[35] Separately, Aerotek and Allegis Group pursued enforcement of non-compete agreements, with Aerotek, Inc. v. Nosky affirmed by the Fourth Circuit on July 29, 2025, regarding breach of duty of loyalty and contract violations by a former employee.[36]
Sports ownership
Acquisition of the Baltimore Ravens
In 1995, Art Modell, the owner of the Cleveland Browns, announced plans to relocate the franchise to Baltimore due to ongoing financial difficulties, including mounting debts from operating in the outdated Cleveland Stadium without a viable renovation plan from city officials.[37] The move was finalized in 1996, with the team playing its last game in Cleveland that year before shifting operations to the new Ravens Stadium (later renamed M&T Bank Stadium) in Baltimore, where it was rebranded as the Baltimore Ravens to honor Edgar Allan Poe's famous poem.[38] Modell's financial woes persisted, exacerbated by the costs of building a new stadium and legal battles over the relocation, pushing the franchise toward near-bankruptcy by the late 1990s.[39]
By 2000, Modell sought buyers to stabilize the Ravens, and Steve Bisciotti, a successful Maryland entrepreneur whose staffing firm Aerotek had generated substantial wealth, led an investment group to acquire a 49% minority stake in the team for $275 million.[39] This deal included an option for Bisciotti to purchase the remaining 51% within four years, effectively positioning him to become the controlling owner.[40] The NFL owners unanimously approved the transaction on March 27, 2000, selecting Bisciotti over other potential bidders due to his deep local roots as a Baltimore native and his demonstrated business acumen in managing large-scale operations.[39] During the approval process, Bisciotti emphasized his long-term commitment to keeping the team anchored in Baltimore, highlighting his vision for community stability amid the franchise's turbulent recent history.[41]
Following the acquisition, Bisciotti's initial investments focused on bolstering the team's financial foundation, including contributions that supported operations at M&T Bank Stadium and early enhancements to fan facilities to foster deeper community ties.[3] These efforts helped integrate the Ravens more firmly into Baltimore's sports landscape, with upgrades to concourses and amenities aimed at improving the game-day experience shortly after the ownership transition.[42] As a lifelong Baltimore sports enthusiast who grew up idolizing the city's former NFL team, the Colts, Bisciotti viewed the purchase as an opportunity to give back to the community that shaped him, ensuring the Ravens remained a source of local pride.[43]
Leadership and team achievements
Bisciotti has maintained a hands-off approach to ownership, emphasizing high standards for key executives such as general manager Ozzie Newsome and head coach John Harbaugh while fostering a culture of stability and long-term success.[44] This philosophy prioritizes inclusive leadership and collaborative decision-making, allowing experienced personnel to execute with minimal interference from the owner.[45] Bisciotti's commitment to continuity is evident in Newsome's nearly 30-year tenure with the organization, including 17 years as general manager until 2018 when he transitioned to executive vice president and Eric DeCosta succeeded him as general manager, and Harbaugh's role from 2008 to 2026, creating a winning environment that avoids frequent overhauls in favor of sustained excellence.[3][46]
Under Bisciotti's tenure, the Ravens have achieved significant milestones, including a victory in Super Bowl XXXV in 2001 shortly after his minority investment in the team, and a second championship in Super Bowl XLVII following the 2012 season.[3] Since assuming full ownership in 2004, his teams have qualified for the playoffs 14 times, captured seven AFC North division titles, and compiled 13 postseason wins, tying the San Francisco 49ers for the second-most in the NFL during that span.[47] These accomplishments underscore a consistent contention for titles, with the franchise establishing itself as one of the league's most reliable performers. Harbaugh compiled a 180–113 regular season record and a 13–11 playoff record during his tenure.
Key decisions under Bisciotti's leadership include the 2008 hiring of John Harbaugh as head coach, a move that defied conventional wisdom by selecting a special teams coordinator over more prominent candidates like Rex Ryan, ultimately leading to the 2013 Super Bowl appearance.[48] Bisciotti has also invested heavily in infrastructure, such as the $35 million expansion of the Under Armour Performance Center in 2016 and renovations completed ahead of the 2025 season that include modernized training facilities to rival top NFL programs.[49][50] These commitments reflect his philosophy of supporting personnel through resources that enhance performance and retention.
In recent years, the Ravens have continued their strong trajectory under Harbaugh's leadership, highlighted by a 13-4 regular-season record and the AFC's No. 1 seed in 2023, though the 2025 season ended with an 8-9 record and a miss of the playoffs after a Week 18 loss to the Pittsburgh Steelers.[3][51] Following the season, on January 6, 2026, Bisciotti fired Harbaugh after 18 seasons, a decision reached after discussions with general manager Eric DeCosta weeks prior and finalized on January 12, 2026; Bisciotti noted that the firing would have occurred even if the Ravens had won their final game and advanced to the playoffs, stating that Harbaugh would have remained in his position for only a week even if kicker Tyler Loop had made the field goal against the Pittsburgh Steelers.[52][53] Bisciotti revealed that he woke up on the Monday after the loss certain of his decision to fire Harbaugh, relying on his instincts without regret.[52] During a January 13, 2026, press conference, Bisciotti expressed surprise upon learning live of Mike Tomlin's simultaneous departure as head coach of the Pittsburgh Steelers, stating admiration for Tomlin and jokingly suggesting it would be interesting if Harbaugh took that job.[52] In the same press conference, Bisciotti discussed plans for quarterback Lamar Jackson, expressing a desire to negotiate a new contract extension with a higher annual value before free agency in March 2026, potentially using void years to manage cap space if an extension is not signed. Additionally, Bisciotti stated he does not envision owning the Ravens in 10-15 years or passing ownership to his family, citing risks of feuds observed in other franchises, with plans to sell after winning more Super Bowls; he praised the current roster's Super Bowl capabilities and general manager Eric DeCosta's standing as one of the league's best for improving the team.[54] The organization has since initiated a head coaching search, with DeCosta leading interviews of over 15 candidates, including those from non-competitive teams, as Bisciotti emphasized patience in finding the right successor to pursue another Super Bowl.[52] Maintaining a low-profile yet supportive presence, Bisciotti has focused on internal stability rather than public commentary.[11]
Despite these successes, Bisciotti has navigated challenges including a 12-year Super Bowl drought since 2013, marked by a 3-6 playoff record over the last six appearances and multiple early exits.[55] The organization has faced pressures from player contract negotiations, such as those involving Jackson, and occasional fan expectations during postseason shortfalls, prompting Bisciotti to emphasize urgency in capitalizing on the current roster window.[55] Coaching stability has been tested amid slumps, though Bisciotti's aversion to reactive changes has preserved core leadership until the recent transition.[56]
Philanthropy
Establishment of the foundation
The Stephen and Renee Bisciotti Foundation was established in 2001 by Steve and Renee Bisciotti in Maryland, with an initial focus on education, human services, and community development.[57] Privately funded by Steve Bisciotti's wealth from his business career, the foundation supports underserved communities primarily through targeted grants to 501(c)(3) organizations.[57]
The foundation's mission is to promote entrepreneurship, expand resources to underserved communities, and reduce the opportunity gap, achieved via grants, scholarships, and strategic partnerships.[58] It places particular emphasis on Catholic charities and youth programs, including initiatives for education access, mentorship, and workforce development.[59][57] Key focus areas encompass education, human services (such as health-related support), community development, and sports-related youth initiatives.[58][57]
Following its founding, the foundation experienced growth in scope after 2010, incorporating ties to the NFL to amplify its impact on broader community efforts.[60] Annual giving has exceeded several millions of dollars, reflecting expanded grantmaking activities.[61][62]
The foundation's board includes family oversight, with Renee Bisciotti as President, Treasurer, and Secretary, and Steve Bisciotti as a Director.[63] Operations are handled by professional management, utilizing an invitation-only process to identify and partner with eligible organizations for efficient grant distribution.[58]
Key contributions and initiatives
In 2024, the Stephen and Renee Bisciotti Foundation, in partnership with the Baltimore Ravens, committed $30 million to support three college completion programs aimed at aiding low-income students in Baltimore pursue higher education, including $10 million each to College Track, College Bound, and Bridges Baltimore.[64] This initiative, known as the Ravens College Access Program, focuses on providing mentorship, academic support, and financial aid to help underserved youth overcome barriers to college success.[65]
In January 2023, the foundation and the Ravens committed $20 million to the Boys & Girls Clubs of Metropolitan Baltimore to support the construction of a new flagship club in West Baltimore, enhancing youth programs in education, health, and character development for underserved children.[3]
A significant earlier contribution came in 2021, when the foundation donated $4 million to establish the Ozzie Newsome Scholars Program, providing scholarships for Baltimore City Public Schools students attending Maryland's four historically Black colleges and universities: Bowie State University, Coppin State University, Morgan State University, and the University of Maryland Eastern Shore.[66] An additional $400,000 supported the CollegeBound Foundation to facilitate peer mentoring and college advising for these scholars, bringing the total commitment to $4.4 million and emphasizing education equity for underrepresented students.[67]
The foundation has also backed health and community services, including a $5 million donation in 2020 with the Ravens to Catholic Charities of Baltimore to bolster programs in early childhood education, food services, housing, workforce development, family stability, and health care amid the COVID-19 pandemic.[61] In 2025, it partnered with the Ravens on a $20 million investment to expand nursing workforce training and retention at Baltimore-area hospitals, addressing critical shortages in health care access for underserved communities.[68]
Reflecting a focus on youth development through sports, the foundation has funded initiatives for underprivileged children in Baltimore, such as scholarships and mentorship programs integrated into college access efforts, alongside support for football clinics and community recreation to promote physical activity and leadership skills.[64] These efforts align with the foundation's mission to reduce opportunity gaps via education and community programs. Overall, the Bisciotti Foundation's philanthropy has exceeded $100 million in grants by 2025, earning recognition for advancing education equity and health initiatives in the region.
Personal life
Family and relationships
Steve Bisciotti has been married to Renee Foote Bisciotti since 1984, having met through family connections in Maryland.[10][3] Their long-term partnership emphasizes mutual support and a commitment to privacy, with the couple rarely appearing in the public eye outside of charitable events.[59]
The Bisciottis have two sons, Jason and Jack, both of whom are adults as of 2025 and reside with their families in the Baltimore area.[3] The family dynamics prioritize discretion, with limited public details shared about their personal lives to protect privacy.[10] Renee Bisciotti has been actively involved alongside her husband in philanthropic efforts, co-founding the Stephen & Renee Bisciotti Foundation to support various community initiatives.[59]
As of 2025, family remains a central pillar in Bisciotti's life, with occasional public acknowledgments in the context of charitable activities where the couple and their sons demonstrate unified support for causes.[59][69]
Residences and lifestyle
Steve Bisciotti primarily resides in Hobe Sound, Florida, where he has lived in recent years following a relocation from Maryland.[4] Previously, he owned homes in Millersville and Severna Park, Maryland, areas near Baltimore where he spent much of his adult life and raised his family.[70][10]
Bisciotti's assets reflect his substantial wealth, including ownership of the luxury yacht Winning Drive, a 130-foot Westport superyacht built in 2012 and valued at approximately $20 million.[71]
Known for maintaining a low public profile and avoiding media attention, Bisciotti leads a relatively private life focused on family and personal interests.[72] He enjoys golfing, often playing to a 10-handicap level, and boating, activities that align with his waterfront properties and yacht ownership.[3] A devoted supporter of University of Maryland athletics, particularly Terrapins basketball, Bisciotti frequently attends games and maintains close ties to the program, including friendships with former coaches.[12] Described as disciplined in his business oversight and intensely loyal to family and long-time associates, he prioritizes family time with his wife, Renee, and their two sons.[73]
In 2025, Bisciotti has spent increasing time in Florida, though his strong ties to Baltimore persist through family residence in the area and his ongoing involvement with the Ravens.
Disclaimer: This profile is based on publicly available information. No endorsement or affiliation is implied.
Join UHNWI direct Affiliate Program
Earn Passive Income by Sharing Verified Contact Information of Billionaires, Centi-Millionaires, and Multi-Millionaires on the UHNWI Direct Platform
Maximize your earnings potential by sharing direct and validated contact information of the ultra-wealthy, including billionaires, centi-millionaires, and multi-millionaires. Join the UHNWI Direct platform and tap into a lucrative passive income stream by providing valuable data to those seeking high-net-worth connections. Start earning today with UHNWI Direct.
You may also be interested in reviewing other UHNWIs profiles.
To find the person you want to contact, start typing their name or other relevant tags in the search bar.
Please note: Our database contains over 10,000 direct contacts of UHNWIs, and it is highly likely that the individual you are seeking is already included. However, creating individual profiles for each contact is a meticulous and time-intensive process, So, if you are unable to find the profile of the individual you are looking for, please click here.
Filter by Net Worth: All | Billionaires | Centi-Millionaires | Multi-Millionaires
Filter by Location: All | USA | Canada | Europe | UK | Russia & CIS | Asia | MEIA | Australia | Latin America
Filter by Age: 1920-1930 | 1930-1940 | 1940-1950 | 1950-1960 | 1960-1970 | 1970-1980 | 1980-1990 | 1990-2000
Related People
UHNWI direct
