About
- Name: JOHN MIDDLETON
- English name: JOHN MIDDLETON
- Native name: ---
- Alias: ---
- Award: ---
Description: John middleton made his fortune selling his family's storied tobacco business to philip morris' parent, altria, in 2007 for $2.9 billion in cash. the original business, john middleton inc., was founded as a small retail tobacco shop in philadelphia in 1856 by his great-great-grandfather. the company began manufacturing cigarettes in the 1950s and launched the black & mild cigar brand in 1980. middleton bought out his relatives' stakes in the company in 2003 for about $200 million amid tobacco lawsuits that threatened to harm the business. middleton has a nearly 50% stake in the philadelphia phillies baseball team.
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