Sports team owners on the new Forbes 400 list are worth a combined $389 billion, up 41% from last year.
Owin a professional sports team in the United States has proven to be a solid investment, and this past year has been no exception. But for many of the billionaire sports team owners on the recently released 2021 Forbes 400 list of the richest Americans, big increases in their fortunes are due to investments outside of sports. The combined fortunes of the 43 Forbes 400 members who hold majority stakes in major sports teams have grown 41% to $389.2 billion over the past year.
Steve Ballmer leads the way as the richest team owner for the seventh consecutive year, with a net worth of $96.5 billion, up $27.5 billion from a year ago . A former Microsoft executive who led the company as CEO from 2000 to 2014, Ballmer still owns a stake in the tech giant, whose shares rose 33% last year. The same year he retired, he bought the Los Angeles Clippers for $2 billion. The team is worth $2.75 billion today, according to Forbes. Ballmer ranks tenth overall on The Forbes 400.
Another big winner this year is Dan Gilbert, the billionaire mortgage mogul and owner of the NBA’s Cleveland Cavaliers. He is worth an estimated $30.9 billion, up $23.4 billion from a year ago, moving him from eighth to second place on the list of sports team owners. richer. Now the largest mortgage lender in the United States, Gilbert’s Quicken Loans went public as Rocket Companies at a massive $36 billion valuation in August 2020, catapulting Gilbert into the ranks of the world’s richest billionaires.
Next up is Robert Pera, with a net worth of $19 billion. He paid $377 million for the NBA’s Memphis Grizzlies in 2012; Today, the team is worth $1.3 billion, according to Forbes‘ estimates. Pera is the founder and CEO of wireless equipment maker Ubiquiti Networks, and much of his wealth comes from his 75% stake in the publicly traded company.
Rounding out the top five wealthiest sports team owners are two billionaires who made their fortunes in the hedge fund industry: Steve Cohen and David Tepper, worth $16 billion and $15.8 billion respectively. In October 2020, Cohen completed his purchase of the New York Mets baseball team for $2.4 billion. Tepper, meanwhile, bought the Carolina Panthers from the NFL for $2.3 billion in 2018; The team is now worth $2.9 billion, according to Forbes‘ estimates.
Here is the complete list of all sports team owners on the 2021 Forbes 400 list.
(Net worth is as of September 3, 2021)
1.Steve Ballmer
Net value : $96.5 billion
Wealth source: Microsoft
Team: Los Angeles Clippers
2. Daniel Gilbert
Net value : $30.9 billion
Wealth source: Accelerate lending
Team: Cleveland Cavaliers
Memphis Grizzlies control owner Robert Pera.
Nikki Boertman/TNS/Newscom
3. Robert Pera
Net value : $19 billion
Wealth source: wireless networking equipment
Team: Memphis Grizzlies
4.Steve Cohen
Net value : $16 billion
Wealth source: Hedge funds
Team: New York food
5. David Tipper
Net value : $15.8 billion
Wealth source: Hedge funds
Team: Carolina Panthers
Los Angeles Kings team owner Philip F. Anschutz. It also owns Major League Soccer team LA Galaxy.
Mike Blake/REUTERS/Newscom
6. Philippe Anschutz
Net value : $10.8 billion
Wealth source: Investments
Teams: Los Angeles Kings, Los Angeles Galaxy
7. Stanley Kroenke
Net value : $10.7 billion
Wealth source: Sports, real estate
Teams: Arsenal, Los Angeles Rams, Colorado Rapids, Colorado Avalanche
8. Ann Walton Kroenke
Net value : $9.3 billion
Wealth source: walmart
Team: Denver nuggets
Dallas Cowboys owner Jerry Jones.
Chris Williams/Icon Sportswire/Newscom
9.Jerry Jones
Net value : $9.1 billion
Wealth source: Cowboys
Team: Dallas Cowboys
10. Shahid Khan
Net value : $8.5 billion
Wealth source: Car parts
Team: Jacksonville Jaguars
Rocco Commisso, owner of Italian football team ACF Fiorentina.
Massimiliano Ferraro/NurPhoto via Getty Images
11. Rocco Commissioner
Net value : $8.4 billion
Wealth source: Telecom
Team: AFC Fiorentina
12. Robert Kraft
Net value : $8.3 billion
Wealth source: patriots
Teams: New England Patriots, New England Revolution
12.Stephen Ross
Net value : $8.3 billion
Wealth source: Real estate
Team: Miami Dolphins
14. Arthur White
Net value : $7.2 billion
Wealth source: Home deposit
Teams: Atlanta Falcons, Atlanta United
Micky Arison, owner of the Miami Heat.
Joe Cavaretta/MCT/ABACAUSA.COM/Newscom
15. Micky Arison
Net value : $6.7 billion
Wealth source: Carnival Cruises
Team: miami heat
16. Henri Samueli
Net value : $6.6 billion
Wealth source: Semiconductors
Team: Anaheim Ducks
Tilman Fertitta, owner of the Houston Rockets.
Tim Warner/Getty Images
17. Tilman Fertitta
Net value : $6.3 billion
Wealth source: Entertainment
Team: Houston Rockets
18. Antoine Ressler
Net value : $6.2 billion
Wealth source: Finance
Team: Atlanta Hawks
19. Tom Gores
Net value : $5.9 billion
Wealth source: Capital investment
Team: Detroit Pistons
20. Stephen Bisciotti
Net value : $5.7 billion
Wealth source: Recruitment
Team: Baltimore Ravens
Joshua Harris owns the Philadelphia 76ers, New Jersey Devils and Crystal Palace.
Eduardo Munoz/REUTERS
20. Joshua Harris
Net value : $5.7 billion
Wealth source: Capital investment
Teams: Philadelphia 76ers, New Jersey Devils, Crystal Palace
20. Terrence Pegula
Net value : $5.7 billion
Wealth source: Natural gas
Teams: Buffalo Bills, Buffalo Sabers
23. Charles Dolan and his family
Net value : $5.6 billion
Wealth source: Cable television
Teams: New York Knicks, New York Rangers
23.Charles B. Johnson
Net value : $5.6 billion
Wealth source: money management
Team: San Francisco Giants
Mark Walter, owner of the Los Angeles Dodgers.
Mark Sullivan/WireImage
25. Marc Walter
Net value : $5.4 billion
Wealth source: Finance
Team: Los Angeles Dodgers
26. Ted Lerner and his family
Net value : $4.7 billion
Wealth source: Real estate
Team: Washington nationals
27. Marc Cuban
Net value : $4.5 billion
Wealth source: Online media
Team: Dallas Mavericks
28. Dan Friedkin
Net value : $4.4 billion
Wealth source: Toyota Dealers
Team: AS Roma
28. Marianne Ilitch
Net value : $4.4 billion
Wealth source: Little Caesars
Teams: Detroit Red Wings, Detroit Tigers
Janice McNair, owner of the Houston Texans.
Mark J. Terrill/ASSOCIATED PRESS
30. Janice McNair
Net value : $4.2 billion
Wealth source: Energy, sports
Team: Houston Texans
31. Dan Snyder
Net value : $4 billion
Wealth source: Washington football team
Team: Washington football team
31. Denise York and her family
Net value : $4 billion
Wealth source: San Francisco 49ers
Team: San Francisco 49ers
33. Gayle Benson
Net value : $3.8 billion
Wealth source: Sports teams
Teams: New Orleans Saints, New Orleans Pelicans
34. Jimmy Haslam
Net value : $3.7 billion
Wealth source: Gas stations, retail
Teams: Cleveland Browns, Columbus Crew
John W. Henry, owner of Liverpool, Boston Red Sox and Roush Fenway Racing.
Harold Cunningham/UEFA via Getty Images
35. John Henry
Net value : $3.6 billion
Wealth source: Sports
Teams: Boston Red Sox, Liverpool, Roush Fenway Racing
35. Arturo Moreno
Net value : $3.6 billion
Wealth source: Signposts
Team: Los Angeles Anaheim Angels
35. Vincent Viola
Net value : $3.6 billion
Wealth source: E-commerce
Team: Florida Panthers
38. James Irsay
Net value : $3.5 billion
Wealth source: Indianapolis Colts
Team: Indianapolis Colts
38. Jeffrey Lurie
Net value : $3.5 billion
Wealth source: Philadelphia Eagles
Team: Philadelphia Eagles
40. John Middleton
Net value : $3.4 billion
Wealth source: the tobacco
Team: Philadelphia Phillies
40. Herb Simon
Net value : $3.4 billion
Wealth source: Real estate
Team: Indiana Pacers
42. Jeremy Jacobs father and family
Net value : $3 billion
Wealth source: food service
Team: Boston Bruins
43. John Fisher
Net value : $2.9 billion
Wealth source: Difference
Teams: Oakland Athletics, San Jose Earthquakes, Celtic Glasgow
SEE THE 2021 FORBES 400 LIST