This report was published in July 2000. It should be considered outdated and is kept online for historical purposes only.

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Pioneer Profiles: George W. Bush's $100,000 Club
Name: Alex. G. Spanos
Occupation: Chair, A. G. Spanos Companies
Industry: Real Estate
Home: Stockton, California
Net Worth: $800 Million (#314 on the Fortune 400)


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Spanos’ company develops and manages apartments and other real estate. He also owns the NFL’s San Diego Chargers. Three years ago, taxpayers agreed to spend $78 million to renovate the Chargers’ Qualcomm Stadium in return for a pledge that the Chargers would stay in San Diego until 2020. The city also has agreed to buy any leftover tickets that the Chargers do not sell at games. While this all seems like a sweetheart deal, Spanos now says the Chargers need a new stadium. If there is something wrong with the current one, this comes as news to the NFL, which is holding the Super Bowl there in 2003. “Given the current climate,” the team recently announced, “the Chargers do not expect the public to pay” for any new stadium. 

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