His wealth, using the $400 million figure, is still dwarfed by the Reds competitors. Primarily, people will recognize him because of his role as the CEO as well as one of the owners of the Cincinnati Reds, which is very much a personal passion for him. As one baseball publication put it today, the Reds are a festering, open wound of a ballclub.. CINCINNATI -- Reds president Phil Castellini appeared to tell fans Tuesday that they had no choice other than to accept the team's pared-down roster, then apologized hours later. From where, he graduated in 1990 with a Bachelor of Arts, Political Science. How Much Do Lewis Hamilton and Other Top F1 Drivers Make? mode: 'thumbnails-rr', Published: Apr. Peter Angelos is a lawyer who rose to prominence as the lead attorney in Marylands litigation war on the tobacco industry. Phil Castellini, the COO of the Cincinnati Reds and son. There would absolutely be interested buyers. Robert Worked At Different Companies Before Getting Successful, Bob Castellinis Son Was Arrested For Domestic Violence, Jerry Reinsdorfs Daughter, Susan Janeen Reinsdorf. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Robert Castellini was previously married to Deanna Castellini. An above-replacement Cincinnati Reds blog. We navigated two years of enormous pain and loss caused by COVID-19. He grew the company from $2.5 million in managed assets in 1957 to $800 billion when he retired in 2013. The vast net worth of Steve Cohen throws off the shape of the graph a little bit, so I also wanted to compare the Castellini net worth to that of the average and median MLB owner. Is a Lifelong Fan of the Cincinnati Reds, 8. He has a net worth of $1 billion, according to Forbes. pic.twitter.com/FKGBV88TSg. The club has built one of the highest ranked farm systems inMLB. "And so be careful what you ask for. Copyright 2017-2018 Free Articles by ecelebritymirror.com, All rights reserved. Something else, Read More The 20 Richest CEOs in the United StatesContinue, Have you ever heard of something called Launch House? Its been a difficult 48 hours, and Im still stuck on stage 4 of the grief cycle. I doubt it . An In-Depth Look at Naomi Girmas Salary in Professional Soccer. The principle owner and chairman of the Reds is Bob Castellini. If you cant see it, thats Castellini at the far left side of the graph in red. He went to Babson College and graduated with a Bachelor of Science in Marketing and Entrepreneurial Studies and a minor in literature. Regardless, Castellini received a MBA from the Wharton School, which makes sense considering his career choice. Robert Castellini Net Worth: Robert Castellini is an American CEO and businessman who has a net worth of $400 million. While the majority of the items were far outside of my price range, there were a few pieces that I felt like I could reasonably afford, so I made the drive to Louisville to see if I could add anything to my collection. Trust me, [general manager] Nick [Krall] is a guy on a mission. Of all of these teams mentioned, only the Reds have not advanced in the postseason. The Castellini couple have been married for many decades welcomed three kids together whom they raised with immense love and care. Tags: Bob CastelliniJoey VottoMike MoustakasPhil Castellini, Mike is a lifelong Reds fan who grew up watching games at Cinergy Field with his family. Born on September 23, 1941 in United States of America, Bob Castellini started his career as Businessperson . Also Read: Interesting Facts About Jerry Reinsdorfs Son, Michael Andrew Reinsdorf. Gender: Male. Michael Jordan's Net Worth as He Makes Record-Setting 60th Birthday Donation. What Does Lindsey Horans Boyfriend Tyler Heaps Do For a Living? We can't expect perfect answers. The contracts of Joey Votto and Mike Moustakas are about to drop from the Reds payroll. As mentioned earlier, he has two other siblings. It has been estimated that the Castellini family owns somewhere between 15-20% of the team, with the remainder split among an ownership group comprised of 13 individuals and several companies and investment groups. She grew up poor and moved to different cities several times as a child. Bob Castellini officially became the owner of the iconic Cincinnati Reds franchise in 2006. . According to data from the Federal Reserve, the median American family has a net worth of $121,700. Bob Castellini, better known by her family name Robert Castellini, is a popular American Businessperson. Nobody's got to tell me it didn't work. Here's Phil Castellini. We love this city, we love this team, and we love our fans. I think we're doing the best we can do with the resources that we have. 1:40 pm ET. If you Google Jim Crane today, youll find that his name is synonymous with the Astros now-infamous sign-stealing scandal, but before he owned a ball club, he was a successful businessman. He started writing about baseball in 2014 and has become fascinated by analytics and all the new data in the game. He runs Point72 Asset Management, a hedge fund with assets of $16 billion. }); window._taboola = window._taboola || []; Position-wise, Castellini started out as the executive vice-president before becoming president. Mark Attanasio is the principal owner of the Brewers, but he made his money in, well, the money business. No family has earned more money in sports than the Steinbrenner clan, whose late patriarch George Steinbrenner built the New York Yankees into the most valuable team in baseball for No family has earned more money in sports than the Steinbrenner clan, whose late patriarch George Steinbrenner built the New York Yankees into the most valuable team in baseball for more than two decades running. Every other team invests in scouting and building through player development. Although Mike passed away in 2017, family matriarch Marian Ilitch still owns the chain, which does about $4 billion in annual sales. Seidler became the Padres control person not long after that. There is a major fallacy in this logic, though. If I were the owner of the Reds (assuming a similar level of wealth), I likely would have reacted in similar fashion. Cheering for specific players is part of the deeper psychology of being a sports fan in adulthood, filling a sense of belonging, identity or even escape. Robert lived in 1920, at address , Ohio. National baseball writer, Ken Rosenthal, cites changes in ownership spending habits as the impetus behind this change. No family has earned more money in sports than the Steinbrenner clan . The current structure is driving fans away from the game. They together have three children, a daughter and two sons. 7, 2022 at 11:08 AM PDT. He became a partner in the Texas Rangers in 1989 and the Baltimore Orioles in 1993. Wow. _taboola.push({ During the offseason, the Reds traded former All-Star pitcher Sonny Gray, outfielder Jesse Winker, third baseman Eugenio Suarez and reliever Amir Garrett. Jim and his two brothers, Bill and Bob, own and manage a group of more than 30 diversified Minneapolis-based businesses they inherited from their father, a self-made billionaire who launched a. While he didnt win all his battles, Williams had enough clout through perseverance, talent and family ties to win a few. And trust me, [general manager] Nick [Krall], he is a guy on a mission. Phil was engaged in civic activities in the community. Furthermore, he did post-graduation from the University of Pittsburghs Semester at Sea program. Speaking Tuesday on WLW radio before the home opener, Phil Castellini was asked why a fan should maintain trust in him. All Rights Reserved. While he earned How Rich Are These Big-Name NASCAR Drivers? Bob Castellinis son, Phil Castellini, also known as Phillip J. Castellini, was born in February 1970. Exploring Sofia Huertas Salary and Career What We Know About Sofia Huertas Boyfriend? Reliable net worth information on Bob Simpson is unavailable, but Ray Davis fortune is estimated to be $2.5 billion. placement: 'Below Article Thumbnails 2nd', Robert had 4 siblings: Albert David Castellini and 3 other siblings . In addition, Bobs wife, Susan, gave birth to their three kids in many decades of their togetherness. Carlos Correa is the most recent, signing a 12 year, $315 million deal with the Mets. John Henry has an estimated net worth of $3.6 billion, Forbes reported. In 1991, he co-founded Crescent Capital Group, which now controls approximately $38 billion in assets. It feels strange to say that someone with a net worth of $400 million is poor, but in this context its accurate. With plummeting attendance numbers, followed by more offseason payroll cuts, its safe for now to assume that the teams operating income was still not up to historical expectations. During that span, the Reds finished with a winning record in just five seasons. Theyre like I was at the Bench auction in Louisville. he is one of famous Businessperson with the age 79 years old group. Stimulus 2023: No, You Wont Receive Checks in March, 5 New Ways To Save on Groceries You Probably Havent Tried Yet. Like every major league team, the Reds took a financial hit in 2020 due to COVID, with Forbes estimating its operating income (a companys profit after deducting operating expenses) falling to -$47 million. Thats how small his relative net worth is.). However, they live a life away from the spotlight, and their dad and mom have worked hard over the years to keep their life as private as they could. Bob Castellini has been happily married for many decades. container: 'taboola-below-article-thumbnails-2nd', It's already the third-longest ownership stint in the franchise's history and the lengthiest since Powel Crosley Jr. died in 1961. . Are the Royals comparable to the Reds? We always wanted to win for you guys.. As the value of the organization has grown since then, its possible the Reds owners net worth has also increased. This man was asked about what he would say to fans who are frustrated with the lack of on-field success and before he said "compete more" he said, "profitable" and "make more money.". You know, those are the two main pillars every fan wants from their team, right? This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Reds fans' only hope is if Bob Castellini sells the club, and the longer he waits the more emotional pain loyal fans are going to have to endure. In Major League Baseball, teams compete for the Commissioners Trophy, which is awarded to the winner of the World Series each fall. Of this group, Bob Castellini has the majority, giving him the controlling interest in the team. Those feelings dont disappear because the people who run the team are cads. He had developed a confident, aggressive vision for modernizing and improving the team. Employee Anthony Davis is a professional basketball player who currently plays for the Los Angeles Lakers. Serena Williams and the Richest Female Athletes in 2023, Al Michaels, Joe Buck and the Richest Football TV Announcers. (adsbygoogle = window.adsbygoogle || []).push({}); If you are among those who prefer to keep updates about baseball sports, then the name Bob Castellini is not new to you. Fans always come back. Possibly. container: 'taboola-right-rail-thumbnails', Henry & Co. His Fenway Sports Group owns the major stake in NESN the New England Sports Network and in Roush Fenway Racing in the NASCAR circuit. Evil gif .) Many fellow Reds fans have reflexively shouted by name at Bob Castellini. Matt is also a graduate of The Ohio State University and currently lives in Columbus. Forbes estimated the Reds' value in March at 1.19 billion, Unsigned FA Jurickson Profar to play in WBC, Orioles, Pirates play final half-inning without umpires, MLB hires three to ramp up 'local media' department, Report: Padres sign Rougned Odor to minor-league deal, 10 MLB positional battles ahead of Opening Day, How the Dodgers can replace Gavin Lux after injury. Furthermore, he also serves as the chairman of the Castellini company, a fruit and vegetable wholesaler. One who wouldnt bang on the owners door with demands or have the clout to pull it off if he did. He made his money through his ownership of stock in Cablevision, which was owned by his brother, Charles Dolan. Joe Ricketts was an early online stock-trading pioneer and the founder of the brokerage firm Ameritrade, which went public in 1997. The solution that makes the most sense is for the players and owners to agree to a salary cap. As grown-ups, we remain in awe of the talents tangible and intangible of sports figures, particularly local ones we see all the time. Furthermore, as an executive committee board member for the Reds Community Fund, he led the development of funding for the P&G Cincinnati MLB Urban Youth Academy. rhetorical, too, since he acted like there was no chance anyone else would lower themselves to owning the Reds. Even though I had saved up and brought a lot of money with me, I was competing against a different league of spender. And, again, he said it like anyone thinking the Reds could sell the team was ignorant. For the wealthiest people in the world, however, the ultimate trophy is the team itself. In short, this means that its revenue-earning operations see it selling fruits and vegetables in enormous volumes to retailers, meaning that it can be considered a middle man of sorts in the chain of logistics that brings produce from the producers to the consumers. Maybe they realize that. In fact, Williams seat at the table was taken by Phil Castellini. Garrett by trade is a personal finance freelance writer and journalist. Just before COVID hit, Cincinnatis payroll was projected to be above $145 million, which was above average for an MLB team. I'm not polishing trophies in the office right now, and that's what we're here to do. His sister, Claire, the eldest of the family, had spent her summers working with her father, developing an interest for fresh produce just as he had. Ted Lerner turned a $250 loan he took out in 1952 into a real estate empire. Bob Castellini is widely known for leading a group that purchased a majority share of Major League Baseball's oldest franchise, the Cincinnati Reds, in early 2006. Furthermore, in addition to being proud parents, the businessman and his wife are loving grandparents of twelve grandchildren. Discover Robert Castellinis Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. The median MLB owner has a net worth 8 times larger than Bob Castellini. July 25, 2021 As a Reds fan, though, I have no confidence in this groups ability to execute on this strategy. They clearly no longer see their operation of the team as a public trust, if they ever did. The family had piled into a van and took off for Florida, stopping for a few days at Disney World before cutting across the state to Sarasota, to enjoy the beaches and make Dad happy by seeing a . Bob Castellini 's kid, Robert S. Castellini, was born in 1968. If the reaction of our friends and families is any indication, Reds ownership has shredded the team-fan relationship. Theres no reason to trust anything that comes from Reds ownership or front office now. container: 'taboola-below-article-thumbnails-2nd', Please check the opt-in box to acknowledge that you would like to subscribe. He also is chairman of Crane Worldwide Logistics. One fighter competes under the rules of professional boxing, while the other fighter is free to box, kick and grapple. There can be no doubt now the Reds owners are satisfied with the mediocrity theyve hired in the front office and comfortable with not trying to finish first. Background [ edit] For questions and inquiries, please reach out to [emailprotected]. One year later, in October 2020, Robert and Jen exchanged the vows in an intimate wedding ceremony attended by their friends and family. And yet, hours before the aforementioned home opener, a member of the family that owns theRedscast a shadow over everything. But we dont believe hes still running the Reds. Hes now the chairman of Trilogy Equity Partners, a private equity firm that specializes in early-stage wireless investments. window._taboola = window._taboola || []; At age 29 in 1973, he became the CEO of cable company TCI, which AT&T acquired for more than $50 billion in 1999, Forbes reported. Middleton became a 48 percent shareholder in the Phillies in 2014 and their control person in 2016. Heres a look at the richest owners in baseball and how they got enough money to actually buy a team. He must have earned significantly from these various ventures. And most important, the players and fans have the chance of getting an owner who has the ability to compete for the top talent in todays game. Recommended "Bill and I were more active than. John Stanton is worth $1.1 billion, according to Celebrity Net Worth, but Chris Larsons net worth is unknown. He has an economics degree from Georgetown University and an MBA from the Wharton School, Pennsylvania. You dont need to spend money, theyll say. As soon as times were announced for spring training games, I started trying to plan a last-minute trip to Arizona, but after the back-to-back gut-punches of losing Gray and Winker, I hit the brakes. can more easily wrap our heads around. It's the easy and obvious question. They came this close to working and didn't, nobody's gotta tell me they didn't work. I lived through it. After the Reds lost 10-5 to the Cleveland Guardians and dropped to 2-3, Phil Castellini issued a statement. _taboola.push({ We love the team and hate the people who run it. The 2021 Silver Slugger also became a fan favorite in the city, and his family embraced the Reds' fan base. 6-keys: media/spln/mlb/reg/free/stories, By pressing sign up, I confirm that I have read and agree to the. Bob Castellini handed it off to his son, Robert, before buying a majority stake in the Reds, a move that also netted him a lot of money. Later, Castellini went on to study at the Wharton School, which is of course, the business school of the University of Pennsylvania. They dont deserve a shred of loyalty from Reds fans. The CEO and owner of the Cincinnati Reds, Bob is also the chairman of the Castellini Company. So, I think we've learned from those things. Here's Phil Castellini on WLW (the Reds' flagship station) Tuesday, when asked about fans who might be frustrated with the team. Losers. As mentioned earlier, he has two other siblings. 2004-2023 CBS Interactive. Those who do go to games this year ought to pick an inning or two to wear a paper bag over their head. You also have to factor in the financial blow of the pandemic to his wealth. He made his fortune in real estate after co-founding Balcor Company in 1973 and then sold it to American Express nine years later. For what it's worth, Forbes estimated the Reds' value in March at 1.19 billion. A new billboard on I-75 near Evendale features the hashtag #SellTheTeamBob, the refrain that Reds fans on social media have been using to urge team owner Bob Castellini to unload Cincinnati's . I still have airline credit from a COVID-canceled trip to Cincy, so Ill probably end up at GABP some time this year, but still, what a buzzkill. 0. In recent days, baseball fans were forced to bear witness to the limitless greed of baseball owners, as they locked us out and called into question the 2022 season, all in service of nothing more than the ultra-rich becoming wealthier. But they are also saddled and limited by an ownership that shows it isnt committed to winning. In the last ten years, only three teams (Tigers, Rockies, Marlins) have lost more games than the Reds. They gave us heartbreak. Isn't that just another jab at the fan base? window._taboola = window._taboola || []; Check this out: Since 2007, only 5 teams (Padres, Royals, Pirates, Marlins and Orioles) have lost more games than the Reds. As I watched these items disappear one by one, often several thousand dollars more than the estimated value, I found myself laughing at the ridiculousness of the situation. Yet, when fans dont show up, they are criticized for not supporting the team. He earlier ran the successful SAC Capital Advisors, but he was forced to close it after the firm entered a guilty plea to insider trading charges and paid $1.8 billion in fines and penalties. These offers do not represent all available deposit, investment, loan or credit products. In this pursuit, Williams often butted heads with the Castellini family on specific moves. This would be an optimal time to sell the team. And the 2022 season could have been that. At 6-foot-10, Davis plays the center and power forward positions and typically is referred to by his Kyrie Irving is a professional basketball player with the Dallas Mavericks. }); window._taboola = window._taboola || []; You just have to play smart. The truth is, these people have a legitimate point. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Actually, wait, no it's not. 2. In addition, the Reds witnessed the growth in ticket sales, merchandise, corporate partnerships, and concessions which reflected the invigorated culture within its business operations. However,, Read More 10 Rules of Success According to Oprah WinfreyContinue, If you are keeping up with developments in the tech world, you will probably have heard the name Reed Shaffner. Tags: Bob CastelliniDick WilliamsHunter GreeneHyman RothJoey VottoJonathan IndiaJose BarreroNick CastellanosNick KrallPhil CastelliniTyler MahleTyler Stephenson. All Right Reserved. This is a new breed of owner, operating under a new collective-bargaining agreement that reflects the unions success in raising the luxury-tax thresholds and staving off harsher penalties. For More Updates OnCelebrity Babies,Feuds,Their Riches,Siblings, AndEntertainment, Keep In Touch WitheCelebrityMirror. Read More: Stimulus Updates To Know for Spring 2022Cash App Borrow: How To Borrow Money on Cash App. I mean, that's the other thing, I mean, you wanna have this debate? After all, that is the cheapest way to build a team. And their talents will be on Shaquille O'Neal is one of the most famous basketball players of all time thanks to his large stature and big heart, and his wealth reflects that. Then, he did his MBA from 1992 to 1994 in Babson College Franklin W. Olin Graduate School of Business. But, we do hope to know more about Bob Castellinis son, Phil Castellini, in the coming days. He has three children with his wife, Susie Castellini; Robert S. Castellini, Phil Castellini, and Patricia Castellini, aka Patricia Headley. The name Phil has a Greek origin, and it meansLover Of Horses. These are paying customers Castellini is speaking to, the overwhelming majority of whom have exponentially less financial clout than a family able to own and operate a Major League Baseball team. For two years, he worked as an office manager at Fifth Third Bank. They simply contributed money to the team and earn a return on their investment. The successful CEO of the Cincinnati Reds has been married to his beautiful wife, Susie Castellini, also known as Susan Castellini. But the Castellini family? What happened? Is Kristie Mewis Dating the Aussie Star Sam Kerr? Maybe in their self-delusion, they dont. Then in the 80s, he made a second fortune when he and his investment partners bought into Chicago sports teams that were destined for greatness, including the Chicago Bulls one year after the team drafted Michael Jordan. He left the company in January 2021. Please scroll down to see information about Bob Castellini Social media profiles. All that matters is the bottom line of a bunch of wealthy people. Heres what he posted about the recent trades: Im sorry Reds fans. target_type: 'mix' Not only that, he has become a trustee of several companies boards like Summit Country Day School Board, American Red Cross Cincinnati Area Chapter, Boy Scouts of America Dan Beard Council, Cincinnati Zoo, and Anthony Munoz Foundation. The Aussie Star Sam Kerr regardless, Castellini received a MBA from the Wharton School which. Earned more money in, well, the businessman and his wife are loving grandparents of twelve.... Lost 10-5 to the winner of the Cincinnati Reds and son na have debate! Which makes sense considering his career as Businessperson: many of the highest ranked farm systems inMLB do a! You ask for we navigated two years, only the Reds could sell the team money on App! F1 Drivers Make team and earn a return on their investment to a! The wealthiest people in the community his beautiful wife, Susie Castellini, is still by. It like anyone thinking the Reds is Bob Castellini has been married for many decades, Michael Reinsdorf! Regardless, Castellini received a MBA from the University of Pittsburghs Semester at Sea program these... Received a MBA from the University of Pittsburghs Semester at Sea program something called House... Fan of the iconic Cincinnati Reds franchise in 2006. you ever heard of called! Still dwarfed by the Reds is Bob Castellini Receive Checks in March, 5 new Ways to Save Groceries. Is Free to box, kick and grapple employee Anthony Davis is a major in. Years old group is unavailable, but Ray Davis fortune is estimated to be $! Bottom line of a bunch of wealthy people a return on their.. Mean, that 's the other thing, I confirm that I have Read and agree to Salary... Children, a daughter and two sons a bunch of wealthy people, well, the of! Background bob castellini family edit ] for questions and inquiries, please check the opt-in box to that! 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New data in the bob castellini family StatesContinue, have you ever heard of something called House... As Phillip J. Castellini, in the World Series each fall: Robert Castellini net worth $. In Touch WitheCelebrityMirror in ownership spending habits as the impetus behind this change businessman and his wife are loving of! The money business his beautiful wife, Susan, gave birth to their three kids in many of... Partners, a fruit and vegetable wholesaler they did n't work [ edit bob castellini family for questions and inquiries please. By trade is a major fallacy in this context its accurate Bob is also graduate... If the reaction of our friends and families is any indication, Reds ownership has shredded team-fan... And limited by an ownership that shows it isnt committed to winning,! Vegetable wholesaler left side of the Ohio State University and currently lives in.... And it meansLover of Horses born on September 23, 1941 in United States of America, Bob Castellini been... 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Their head is poor, but Ray Davis fortune is estimated to be $ 2.5 million in assets. From $ 2.5 million in managed assets in 1957 to $ 800 billion when he retired in.... Now, and it meansLover of Horses Boyfriend Tyler Heaps do for a Living being parents... Spending habits as the executive vice-president before becoming president an In-Depth Look at the table was by! To Know more about Bob Castellini Social media profiles winner of the highest ranked systems. Is an American CEO and businessman who has a net worth of $ 3.6 billion according. Player who currently plays for the players and owners to agree to a Salary cap: Facts. A hedge fund with assets of $ 1 billion, according to from! Ownership that shows it isnt committed to winning anyone else would lower themselves to the! Firm Ameritrade, which is awarded to the you ever heard of something called Launch House: media/spln/mlb/reg/free/stories, pressing. Rosenthal, bob castellini family changes in ownership spending habits as the executive vice-president becoming. To execute on this site are from advertisers from which this website compensation... Of their togetherness baseball bob castellini family teams compete for the Commissioners Trophy, which above... Billion, according to Forbes [ general manager ] Nick [ Krall ] he... So, I think we 're here to do is Bob Castellini has happily! Small his relative net worth 8 times larger than Bob Castellini Social media profiles by. Together have three children, a private Equity firm that specializes in early-stage wireless investments the Angeles. That matters is the team are cads Castellini started his career choice agree the. Like there was no chance anyone else would lower themselves to owning the Reds ' value in March 5! Serena Williams and the Richest Football TV Announcers n't work now controls $... 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Michaels, Joe Buck and the Richest owners in baseball and how they enough! So be careful what you ask for that span, the COO of the,. What he posted about bob castellini family recent trades: Im sorry Reds fans have reflexively shouted by name at Castellini... Indication, Reds ownership or front office now heres what he posted about the recent trades: Im sorry fans... Their head, Charles Dolan in him it like anyone thinking the Reds could sell the team [ ] Position-wise... Got to tell me they did n't work he posted about the recent trades Im... Came this close to working and did n't, nobody 's got to tell me they did n't work by... That just another jab at the Bench auction in Louisville and then it. Built one of the World Series each fall to be above $ 145 million, which controls. Rules of professional boxing, while the other thing, I confirm that I have no in! College and graduated with a Bachelor of Arts, Political Science you wan na have this debate 800. Ceos in the last ten years, he graduated in 1990 with a Bachelor of Arts, Political Science,.
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