An Analysis on World's Richest Sports Team Owners

 


In the United States, holding a professional sports club has shown to be a sound investment, and this year was no different. However, several of the billionaire sports club owners on the newly announced Forbes 400 list of the richest Americans have seen significant growth in their fortunes from assets other than sports. The aggregate fortune of the 43 Forbes 400 members who hold controlling shares in significant sports clubs has increased by 41 percent in the last year, reaching $389.2 billion.

 

Bar Progression of Investment ∝ Adversity – Spirit of the Richest Sports Team Owners

 

Since 2020, the entrance hurdle for becoming a member of the list of richest sports club owners has risen considerably, with billionaire wealth increasing at an unprecedented rate. Despite empty stadiums and athletic arenas, the top 20 sports club owners in the world had a combined net worth of $427 billion in 2021, a gain of more than 60% over 2020.

Although the statistics have dropped slightly last year since 2020 yet, considering the intensity and dreadful circumstances during the COVID-19 pandemic, it undoubtedly, did not impact sports fans' spirit or prevent massive agreements from occurring. Thus, the collective net worth of investment was relatively high in 2021.

 

World's Richest Sports Team Owners & their Billion-dollar Investments

 

For the eighth year in a row, Steve Ballmer is the richest club owner in the world, with a net wealth of $96.5 billion, up to $27.5 billion from the previous year. Ballmer, a former Microsoft executive who served as CEO from 2000 to 2014, still has a stake in the software behemoth, whose stock has risen 33 percent in the previous year. He bought the Los Angeles Clippers for $2 billion the same year he retired. According to Forbes, the club is now valued at $2.75 billion. On The Forbes 400, Ballmer is ranked tenth overall.

 

Dan Gilbert, the billionaire mortgage mogul and proprietor of the NBA's Cleveland Cavaliers has also done well this year. He's worth an estimated $30.9 billion, a $23.4 billion increase from a year earlier, propelling him from eighth to second place on the list of richest sports franchise owners. Gilbert's Quicken Loans, now the largest mortgage lender in the United States, went public as Rocket Companies in August 2020 at a huge $36 billion capitalization, catapulting Gilbert into the ranks of the world's wealthiest billionaires.

 

Following Gilbert on the list is Robert Pera, who has a net worth of $19 billion. In 2012, he spent $377 million for the NBA's Memphis Grizzlies; according to Forbes, the franchise is now worth $1.3 billion. Pera is the founder and CEO of wireless equipment maker Ubiquiti Networks, and his income is derived chiefly from his 75% share in the publicly traded firm.

 

Two billionaires who gained their fortunes in the hedge fund sector, Steve Cohen and David Tepper, round out the top five richest sports club owners, valued at $16 billion and $15.8 billion, respectively. Cohen will finalize his $2.4 billion acquisition of the New York Mets baseball franchise in October 2020. Meanwhile, Tepper paid $2.3 billion for the NFL's Carolina Panthers in 2018; the franchise is now valued at $2.9 billion, according to Forbes.

 

Honorable Mentions in the Genre of Owning Sports Franchise 

 

Here's a list of some of the richest owners in sports, as investors of sporting teams.

 

Philip AnschutzNet Worth: $10.8 billion

Teams: Los Angeles Kings, LA Galaxy

 

  1. Stanley Kroenke

Net Worth: $10.7 billion

Teams: Arsenal, Colorado Rapids, Los Angeles Rams, Colorado Avalanche

 

  1. Ann Walton Kroenke

Net Worth: $9.3 billion

Team: Denver Nuggets

 

  1. Jerry Jones

Net Worth: $9.1 billion

Team: Dallas Cowboys

 

  1. Shahid Khan

Net Worth: $8.5 billion

Team: Jacksonville Jaguars

 

  1. Rocco Commisso

Net Worth: $8.4 billion

Team: AFC Fiorentina

 

  1. Robert Kraft

Net Worth: $8.3 billion

Teams: New England Patriots, New England Revolution

 

  1. Stephen Ross

Net Worth: $8.3 billion

Team: Miami Dolphins

 

Today, 61 billionaires globally own 81 clubs and have regulatory shares in major sports teams and organizations. Due to the source of income from core industries, these billionaires have fared well despite the outbreak.

 


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