Andrew Aronow Net Worth

Andrew Aronow Net Worth (Update 2023)

Andrew Aronow built a formidable fortune over decades of transforming industries through strategic deals. Let’s examine Andrew Aronow Net Worth and the career of this self-made billionaire.

Who is Andrew Aronow?

Andrew Aronow is an American entrepreneur and investor. Since the 1990s, he has founded or invested in over 100 companies across various sectors like healthcare, fitness, real estate, and more.

How Much is Andrew Aronow Net Worth?

As of 2023, Andrew Aronow’s net worth stands at an estimated $1.6 billion. He earned the majority of his wealth through successful exit events in startups.

Where Did He Make His Money?

  • Early career working at investment banks like Morgan Stanley
  • Founded Fitcorp in ’91, took public via IPO in ’95 for $220M exit
  • Backed early companies, including GuitarCenter, BostonChicken
  • Founded Aronow Companies investment group in 1995
  • The diverse portfolio includes tech, biotech, sports teams, real estate

Some Major Exits:

Andrew Aronow
  • Fitness company Town Sports International: $100M exit
  • Roka Bioscience IPO: $150M exit
  • Influential minority stake in the Texas Rangers baseball team

Net Worth Growth (2018-2022)

YearEstimated Net Worth
2018$1.3 billion
2019$1.4 billion
2020$1.5 billion
2021$1.55 billion
2022$1.6 billion
  • Over the past five years, Andrew Aronow’s net worth has steadily increased by an estimated $300 million as his investment portfolio appreciates and continues generating returns through successful exits.


Aronow has invested in over 100 companies in:

  • Healthcare and biotech
  • Fitness clubs and gyms
  • Sports teams, arenas, media
  • Real estate, mining, energy
  • Consumer products, retail
  • Technology, SaaS, tech

He favors pre-IPO opportunities, using extensive M&A experience to exit.

Early Life

Andrew Aronow was born in 1961 in New York City. He came from a wealthy Jewish family with influential connections in the business community. Aronow showed an early aptitude for numbers and finance. He graduated summa cum laude from Harvard College in 1983 with a degree in Economics.

Biography Table

Andrew Jeffrey AronowDetails
Full NameAndrew Jeffrey Aronow
Date of BirthAugust 23, 1961
Place of BirthNew York City, New York, USA
Age62 years old
OccupationInvestor, Entrepreneur
EducationHarvard College (1983), Harvard Business School (1987)
Marital StatusMarried (wife Stacey)
Children3 (2 daughters, one son)
ResidenceGreenwich, Connecticut
Net Worth$1.6 billion (estimated)
Notable CompaniesFitcorp, Aronow Companies, portfolio investments


Seeking to hone his business skills further, Aronow earned an MBA from Harvard Business School in 1987. This established a strong educational foundation in strategic dealmaking that would serve him tremendously in future endeavors. After business school, Aronow started his career on Wall Street at Morgan Stanley and Salomon Brothers. He gained experience advising on initial public offerings.

Andrew Aronow

1991, Aronow founded his first company, the fitness club operator Fitcorp. Seeing an opportunity in an emerging industry, he grew Fitcorp rapidly through acquisitions. In a savvy move, Aronow took Fitcorp public via IPO in 1995, netting $220 million personally from the successful exit event. This cemented his reputation as an innovative entrepreneur. Aronow would go on to found and back over 100 companies as a prolific investor and founder.


While private about his personal life, it is known that Aronow has been married once. He wed his wife, Stacey, in the late 1980s, and they have three adult children together – two daughters and a son. Aronow resides with his family in Greenwich, Connecticut, when not traveling for business. Seemingly dedicated to his work, his relationships appear strong but private from the public view.

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Through a strategic focus on disruption, early investment, and successful M&A events, Andrew Aronow has built a vast investment portfolio and net worth close to $1.6 billion. He exemplifies the “founder-investor” value creation model, leveraging decades of deal experience. Aronow remains active in founding new ventures while supporting others through his investment group.


He was taking his gym startup Fitcorp public via a $220M IPO in 1995.

Aronow focuses on early-stage equity opportunities across sectors but emphasizes healthcare/biotech, real estate, and sports/entertainment.

By his count, Aronow has founded or participated in over 100 business ventures to date since the 1990s.

Aronow specializes in pre-IPO opportunities and works with management teams to drive scale and pursue lucrative exit events.

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