The American billionaire Entrepreneur & businessman and the owner of the Major League Baseball's New York Yankees, George Steinbrenner was born to Henry G. Steinbrenner II and Rita Haley on 4th July, 1930 in Rocky River, Ohio, USA. His father was an athletics star and a famous hurdler at the Massachusetts Institute of Technology who later took charge of his family shipping business firm, Kinsman Shipping.

George’s mother Rita managed home in Bay Village, the suburb of Cleveland where George spent his childhood years. George is sometimes nicknamed as "The Boss" and Yankees skipper Dallas Green gave the derisive nickname of "Manager George" to him.

George joined the northern Indiana’s Culver Military Academy in 1944, and he graduated in the year 1948 from the academy. George did his B.A. in English Literature from Williams College in 1952 where he also took part in extracurricular activities such as hurdling, football, sports editing and played piano.

After graduation, George joined the United States Air Force and commissioned as a second lieutenant, he was posted to Lockbourne Air Force Base in Columbus, Ohio. There he took charge of successful projects that reflected his emerging leadership quality.

He also established a sports program and a food service business on the base. Steinbrenner also served as an assistant football coach at Northwestern University from 1955-56, & at Purdue University from 1956-57.

In Columbus, George met Elizabeth Joan Zieg whom he married on 12th May, 1956. Both are happily married ever since, and they have 2 sons Hank Steinbrenner & Hal Steinbrenner, and 2 daughters Jessica Steinbrenner & Jennifer Steinbrenner-Swindal.

In 1960, Steinbrenner entered into the sports franchise business going against his father's wishes, with basketball's Cleveland Pipers, of the AAU. John McClendon, who was the first African American coach in professional basketball, coached the Pipers. In 1961, the Pipers became the new professional American Basketball League .

The league and team when suffered from financial crisis, McClendon resigned halfway through the season in protest, still the Pipers won the first half of a split season. Steinbrenner invited former Boston Celtics star Bill Sharman in place of McClendon, and in 1962, the Pipers won the ABL championship. Unfortunately, the ABL folded in December 1962. Steinbrenner & his partners lost huge money on the venture; however, Steinbrenner was able to pay off to all creditors & partners in few years.

Steinbrenner also invested in theatres and he began it in 1967 with Broadway’s short-lived play, The Ninety Day Mistress, in partnership with rookie producer, James M. Nederlander. Then Steinbrenner invested in various shows, including Seesaw which was nominated for the 1974 Tony Award for Best Musical, and in the 1988 Peter Allen flop musical Legs Diamond.

George took over his family shipping business in 1963 when his father retired and increased its turn over. With the profit he made in the business, George formed a partnership in buying the American Ship Building Company.

In 1967, Steinbrenner when became company's president involved his father to help him run the business. American Shipbuilding made Steinbrenner a multimillionaire.

In January 1973, George purchased the New York Yankees for $10 million with a group of investors. The Yankees have earned 10 pennants and 6 World Series title under Steinbrenner's ownership. In 1976, the Yankees were a top-flight club.

In 1977, Steinbrenner invited slugger Reggie Jackson, the former hitter of the Oakland Athletics to Yankees in order to win the World Series and the Yankees got victory over the Los Angeles Dodgers in 6 games bringing a championship to New York. Again in 1978, the Yankees brought a second world title.

Steinbrenner has been awarded The Flying Wedge Award which is one of the highest honors of NCAA. A new high school scheduled to open in 2009 in Tampa, Florida will be named as George Steinbrenner High School due to his generous contributon to this area. Legend's Field, the Yankees Spring Training facility in Tampa was renamed Steinbrenner Field in March 2008 by his two sons in his honor.

The net worth of George Steinbrenner was estimated at $1.3 billion USD in 2007 according to the Forbes magazine in September 2007.