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Stephen Bisciotti

Stephen Bisciotti

S. Bisciotti
-0.06% | - $-4.93M
$8.49 B ₹ 77,231 Cr
Real Time Net Worth #412 Ranking as of 21 Feb 2026 By Forbes

More on Stephen Bisciotti

Gender

Male

Age

65Y

Country

United States

Born On

April, 1960

Deceased

No

Relationship Status

Married

Children

2

Education

Salisbury State University

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Staffing)

Primary Organization

Baltimore Ravens

Titles

Majority Owner

Sources of Wealth

Allegis Group, Baltimore Ravens

Industry

Staffing, Sports, Human Resources

About Stephen Bisciotti


S tephen Bisciotti is a self-made American billionaire who built his fortune in the staffing and recruitment industry. He is the co-founder of Allegis Group, the largest private staffing firm in the United States. In 1983, at the age of 23, he and his cousin, Jim Davis, started the company, then known as Aerotek, from a basement office. They focused on providing skilled temporary staff to the engineering and aerospace industries. The company grew rapidly, and they expanded into a wide range of other staffing sectors, including IT and healthcare.

While he built his fortune in the staffing business, Bisciotti is more widely known as the majority owner of the Baltimore Ravens of the National Football League (NFL). A lifelong football fan, he acquired a minority stake in the team in 2000 and purchased the majority of the franchise in 2004. He is known for being one of the league's most respected owners, with a reputation for building a stable and successful organization that has won two Super Bowls under his ownership. He remains a co-owner of the privately held Allegis Group.

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Quick Reads


  • Majority owner of the NFL's Baltimore Ravens.
  • Co-founded Allegis Group, the largest private staffing firm in the U.S.
  • Started his staffing company in 1983 from a basement with his cousin, Jim Davis.
  • The Ravens have won two Super Bowls during his ownership.
  • He is a self-made billionaire.

Early Life and Background


Stephen 'Steve' J. Bisciotti is an American businessman, the self-made billionaire Co-founder and Chairman of Allegis Group, the largest privately held staffing and recruitment company in the U.S., and the Majority Owner of the Baltimore Ravens (NFL). His career is rooted in entrepreneurial audacity, staffing logistics, and professional sports ownership.

Bisciotti holds a B.A. in Liberal Arts/Science from Salisbury State University (1982). His philosophical approach centers on scale, operational efficiency, and long-term commitment to talent acquisition and sports management. He co-founded Allegis Group in 1983 with his cousin, Jim Davis, recognizing the immense, untapped domestic demand for specialized, temporary technical staffing.

  • Allegis Group (Co-founder & Chairman): The core private asset, the largest privately held staffing and recruitment company in the U.S. (generating billions in annual revenue).
  • Baltimore Ravens (NFL) (Majority Owner): The National Football League franchise he acquired a majority stake in 2004.
  • Staffing Pioneer: His success is built on scale service delivery and dominating the market for IT, engineering, and professional staffing solutions.
  • Investment Strategy: His philosophy is rooted in long-term investment in service infrastructure and human capital and leveraging the massive U.S. labor market demand.

Career Journey of Stephen Bisciotti


Stephen Bisciotti's strategic genius was his commitment to high-volume, quality talent acquisition. He co-founded Allegis Group (originally Aerotek) in 1983, successfully building it into a global powerhouse by specializing in technical and professional staffing. His structural contribution is immense: pioneering the scale management of specialized staffing services globally.

His public focus shifted to sports ownership in 2000 when he purchased a minority stake in the Ravens, becoming the Majority Owner in 2004. His structural contribution is tied to providing foundational stability to the Ravens franchise (winning Super Bowl XLVII). His wealth is secured by the colossal, long-term, stable profitability of the global staffing, human capital, and professional sports sectors.

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Stephen Bisciotti's Timeline


1982:

Graduates with a B.A. from Salisbury State University (Academic Achievement).

1983:

Co-founds Allegis Group (Founding).

2000:

Acquires a minority stake in the Baltimore Ravens (Sports Entry).

2004:

Becomes Majority Owner of the Baltimore Ravens (Sports Acquisition/Apex).

2013 (February):

Baltimore Ravens win Super Bowl XLVII (Sports Milestone).

Ongoing:

Continues as Co-founder and Chairman of Allegis Group and Majority Owner of the Ravens (Executive Oversight).

Major Business Ventures and Investments


Stephen Bisciotti's wealth is concentrated in his founding equity and continued executive leadership of the private service giant, Allegis Group, and his sports assets.

  • Allegis Group (Co-founder & Chairman): The core private asset, the largest privately held staffing and recruitment company in the U.S. (generating billions in annual revenue).
  • Baltimore Ravens (NFL) (Majority Owner): The National Football League franchise he acquired a majority stake in 2004.
  • Staffing Pioneer: His success is built on scale service delivery and dominating the market for IT, engineering, and professional staffing solutions.
  • Academic Background: He holds a B.A. in Liberal Arts/Science from Salisbury State University.

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Philanthropy and Social Impact


Stephen Bisciotti's social impact stems from Allegis Group's role as a massive employer and provider of specialized staffing services, which facilitates employment and economic opportunity for millions. His ownership of the Baltimore Ravens is a major civic asset. The Stephen and Renee Bisciotti Foundation supports various educational, community, and religious initiatives, providing significant funding for local welfare programs in the Baltimore area.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Stephen Bisciotti maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global service sector.

Residing in Millersville, Maryland, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic investment, and sports management.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Co-founder of Allegis Group (largest private staffing firm in the U.S.) and Majority Owner of the Baltimore Ravens (NFL).
  • He acquired the Ravens majority stake in 2004.
  • Allegis Group was founded with his cousin, Jim Davis.
  • His fortune is tied to the successful monetization and scale of the professional staffing services sector.
  • He holds a B.A. from Salisbury State University.
  • His philosophy emphasizes operational efficiency and talent acquisition.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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