The Richest Sports activities Staff House owners On The 2022 Forbes 400

September 27, 2022
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Greater than 10% of Forbes 400 members personal sports activities groups, together with latest consumers Rob Walton and Todd Boehly.


In hindsight, it’s laborious to think about anybody apart from Rob Walton shopping for the Denver Broncos. With an estimated web value of $56.7 billion, his buying energy was practically not possible to match; solely 16 different people on the planet are richer than the eldest son of the late Walmart founder, Forbes estimates, certainly one of whom is his brother, Jim (value an estimated $57.9 billion). The $4.65 billion price ticket for the Broncos was the most costly sports activities crew sale in historical past, and when the deal closed in August, Walton instantly turned the richest proprietor within the NFL.

“The Broncos are the one sports activities franchise that we might have thought of shopping for,’’ Walton informed reporters in August, including that his son-in-law Greg Penner had began discussing it a decade in the past. The reality is investing in any NFL franchise has confirmed to be wildly profitable over the previous 20 years. Since 1998, when Forbes began publishing sports activities crew valuations, NFL golf equipment have appreciated practically 1,500% on common, practically triple what the S&P 500 has returned buyers (together with reinvested dividends) over the identical interval. That development is prone to proceed because the league’s $113 billion in new media rights pacts kicks in.

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Sports activities groups have made numerous wealthy individuals into billionaires, together with the New England Patriots’ Robert Kraft and Indianapolis Colts Jim Irsay. However today you virtually need to already be a billionaire to purchase a crew. Forbes 400 newcomer Todd Boehly made a fortune by his funding agency Eldridge Capital earlier than main a gaggle that shelled out $3.1 billion for soccer membership Chelsea from Russian billionaire Roman Abramovich in Might.

The richest sports activities proprietor in America, for the eighth consecutive 12 months, is Los Angeles Clippers proprietor Steve Ballmer, who ranks eighth general on The Forbes 400. The 66-year-old, who led Microsoft as CEO from 2000 to 2014 and nonetheless owns shares within the tech big, is value an estimated $83 billion. That’s $13.5 billion lower than final 12 months on account of a drop within the worth of Microsoft inventory, however he’d be down much more if not for the Clippers. He purchased the NBA crew in 2014 from embattled former proprietor Donald Sterling for $2 billion. It’s now the sixth-most beneficial NBA membership, valued at $3.3 billion.

Rounding out the highest 5, after Ballmer and Walton, are two hedge fund billionaires and a tech founder. David Tepper claims the No. 3 spot, with an estimated web value of $18.5 billion. He purchased the Carolina Panthers for $2.3 billion in 2018 and has seen the crew’s worth develop, in live performance with the NFL’s skyrocketing media rights, to $3.6 billion. He additionally owns MLS’ Charlotte FC. Subsequent is Memphis Grizzlies proprietor Robert Pera, with an estimated web value of $17.6 billion, a lot of which comes from his 75% stake in wi-fi tools maker Ubiquiti Networks, which he based and runs as CEO. He purchased the Grizzlies for $377 million in 2012 and, regardless of it being the least beneficial franchise within the sport, the membership has practically quadrupled in worth and is value $1.5 billion right now. At No. 5 is New York Mets proprietor Steve Cohen, whose membership is headed to the playoffs for the primary time since he spent $2.4 billion on the crew in 2020. (Forbes estimates the Mets are actually value $2.65 billion.)

One one who has fallen down the ranks is Cleveland Cavaliers proprietor Dan Gilbert, now the sixth richest sports activities proprietor within the nation, down from second a 12 months in the past. The Rocket Mortgage founder’s fortune declined by 44%, to an estimated $17.3 billion, after the corporate’s inventory misplaced half of its worth over the previous 12 months. In the meantime, Dallas Cowboys proprietor Jerry Jones, No. 7, noticed the most important acquire. His web value jumped 76% to an estimated $16 billion because of large bets on actual property and pure gasoline, in addition to his Cowboys. Dallas is essentially the most beneficial crew within the NFL, value $8 billion this 12 months, up by $1.5 billion from a 12 months in the past.

This 12 months’s Forbes 400 consists of 50 sports activities crew homeowners, up from 43 final 12 months. Seventeen personal NFL groups, 14 personal NBA franchises, 12 personal NHL golf equipment and 9 are MLB homeowners. Along with Walton and Boehly, newcomers embody Robert “Woody” Johnson (New York Jets), Joe Mansueto (Chicago Fireplace FC) and Roger Penske (Staff Penske). Greater than half (28) of those crew homeowners are richer than a 12 months in the past, thanks at the least partly to their beneficial sports activities franchises.

Listed below are the sports activities crew homeowners on the 2022 Forbes 400 listing (web worths are as of September 2, 2022):


1.

STEVE BALLMER

Staff: Los Angeles Clippers

Supply of Wealth: Microsoft

Web Value: $83 Billion (1-YEAR CHANGE: -14%)


2.

ROB WALTON

Staff: Denver Broncos

Supply of Wealth: Walmart

Web Value: $56.7 Billion (1-YEAR CHANGE: -16.1%)


3.

DAVID TEPPER

Staff: Carolina Panthers, Charlotte FC

Supply of Wealth: Hedge Funds

Web Value: $18.5 Billion (1-YEAR CHANGE: 17.1%)



4.

ROBERT PERA

Staff: Memphis Grizzlies

Supply of Wealth: Wi-fi Networking Gear

Web Value: $17.6 Billion (1-YEAR-CHANGE: -7.4%)


5.

STEVE COHEN

Staff: New York Mets

Supply of Wealth: Hedge Funds

Web Value: $17.5 Billion (1-YEAR-CHANGE: 9.4%)


6.

DANIEL GILBERT

Staff: Cleveland Cavaliers

Supply of Wealth: Quicken Loans

Web Value: $17.3 Billion (1-YEAR-CHANGE: -44%)


7.

JERRY JONES

Staff: Dallas Cowboys

Supply of Wealth: Dallas Cowboys

Web Value: $16 Billion (1-YEAR-CHANGE: 75.8%)


8.

STANLEY KROENKE

Staff: Los Angeles Rams, Arsenal F.C., Denver Nuggets, Colorado Avalanche, Colorado Rapids

Supply of Wealth: Sports activities, Actual Property

Web Value: $12.9 Billion (1-YEAR-CHANGE: 20.6%)


9.

STEPHEN ROSS

Staff: Miami Dolphins

Supply of Wealth: Actual Property

Web Value: $11.6 (1-YEAR-CHANGE: 39.8%)


10.

SHAHID KHAN

Staff: Jacksonville Jaguars, Fulham F.C.

Supply of Wealth: Auto Elements

Web Value: $11.2 Billion (1-YEAR-CHANGE: 31.8%)



11.

PHILIP ANSCHUTZ

Staff: Los Angeles Kings, LA Galaxy

Supply of Wealth: Investments

Web Value: $11 Billion (1-YEAR-CHANGE: 1.9%)


12.

ROBERT KRAFT

Staff: New England Patriots, New England Revolution

Supply of Wealth: New England Patriots

Web Value: $10.6 Billion (1-YEAR-CHANGE: 27.7%)


13.

ROCCO COMMISSO

Staff: AFC Fiorentina

Supply of Wealth; Telecommunications

Web Value: $7.7 Billion (-8.3%)


13.

TILMAN FERTITTA

Staff: Houston Rockets

Supply of Wealth: Houston Rockets, Leisure

Web Value: $7.7 Billion (1-YEAR-CHANGE: 22.2%)


15.

ARTHUR BLANK

Staff: Atlanta Falcons, Atlanta United

Supply of Wealth: Residence Depot

Web Value; $7.6 Billion (1-YEAR-CHANGE: 5.6%)


16.

TERRENCE PEGULA

Staff: Buffalo Payments, Buffalo Sabres

Supply of Wealth: Pure Fuel

Web Value: $6.7 Billion (1-YEAR-CHANGE: 17.5%)


16.

HENRY SAMUELI

Staff: Anaheim Geese

Supply of Wealth: Semiconductors

Web Value: $6.7 Billion (1-YEAR-CHANGE: 1.5%)


18.

DAVID BONDERMAN

Staff: Seattle Kraken

Supply of Wealth: Non-public Fairness

Web Value: $6.5 Billion (1-YEAR-CHANGE: 44.4%)


19.

STEPHEN BISCIOTTI

Staff: Baltimore Ravens

Supply of Wealth: Staffing, Baltimore Ravens

Web Value: $6.4 Billion (1-YEAR-CHANGE: 12.3%)


19.

TED LERNER & FAMILY

Staff: Washington Nationals

Supply of Wealth: Actual Property

Web Value: $6.4 Billion (1-YEAR-CHANGE: 36.2%)


19.

EDWARD ROSKI

Staff: Los Angeles Kings

Supply of Wealth: Actual Property

Web Value: $6.4 Billion (1-YEAR-CHANGE: 4.9%)



22.

TOM GORES

Staff: Detroit Pistons

Supply of Wealth: Non-public Fairness

Web Value: $6.1 Billion (1-YEAR-CHANGE: 3.4%)


23.

ANTONY RESSLER

Staff: Atlanta Hawks

Supply of Wealth: Finance

Web Value: $5.8 Billion (-6.5%)


24.

JOSHUA HARRIS

Staff: Philadelphia 76ers, New Jersey Devils, Crystal Palace

Supply of Wealth: Non-public Fairness

Web Value: $5.7 Billion (1-YEAR-CHANGE: 0%)


25.

MICKY ARISON

Staff: Miami Warmth

Supply of Wealth: Carnival Cruises

Web Value: $5.5 Billion (1-YEAR-CHANGE: -17.9%)


25.

WESLEY EDENS

Staff: Milwaukee Bucks, Aston Villa

Supply of Wealth: Investments

Web Value: $5.5 Billion (Returnee)


27.

TODD BOEHLY

Staff: Chelsea F.C.

Supply of Wealth: Finance

Web Value: $5.3 Billion (New)


28.

DAN FRIEDKIN

Staff: A.S. Roma

Supply of Wealth: Toyota Dealerships

Web Value: $5.2 Billion (1-YEAR-CHANGE: 18.2%)


28.

MARK WALTER

Staff: Los Angeles Dodgers

Supply of Wealth: Finance

Web Value: $5.2 Billion (1-YEAR-CHANGE: -3.7%)


30.

DENISE YORK & FAMILY

Staff: San Francisco 49ers

Supply of Wealth: San Francisco 49ers

Web Value: $5.1 Billion (1-YEAR-CHANGE: 27.5%)



31.

JIMMY HASLAM

Staff: Cleveland Browns, Columbus Crew

Supply of Wealth: Fuel stations, retail

Web Value: $5 Billion (1-YEAR-CHANGE: 35.1%)


31.

CHARLES B. JOHNSON

Staff: San Francisco Giants

Supply of Wealth: Cash administration

Web Value: $5 Billion (1-YEAR-CHANGE: -10.7%)


31.

JOE MANSUETO

Staff: Chicago Fireplace FC

Supply of Wealth: Funding analysis

Web Value: $5 Billion (1-YEAR-CHANGE: -16.7%)


31.

JANICE McNAIR

Staff: Houston Texans

Supply of Wealth: Power, sports activities

Web Value: $5 Billion (19%)


35.

DAN SNYDER

Staff: Washington Commanders

Supply of Wealth: Washington Commanders

Web Value: $4.9 Billion (1-YEAR-CHANGE: 22.5%)


36.

CHARLES DOLAN & FAMILY

Staff: New York Knicks, New York Rangers

Supply of Wealth: Cable tv

Web Value: $4.8 Billion (1-YEAR-CHANGE: -14.3%)


37.

GAYLE BENSON

Staff: New Orleans Saints, New Orleans Pelicans

Supply of Wealth: Professional sports activities groups

Web Value: $4.7 Billion (1-YEAR-CHANGE: 23.7%)


38.

MARK CUBAN

Staff: Dallas Mavericks

Supply of Wealth: on-line media, Dallas Mavericks

Web Value: $4.6 Billion (1-YEAR-CHANGE: 2.2%)


39.

JEFFREY LURIE

Staff: Philadelphia Eagles

Supply of Wealth: Philadelphia Eagles

Web Value: $4.4 Billion (1-YEAR-CHANGE: 25.7%)


40.

MARIAN ILITCH

Staff: Detroit Pink Wings, Detroit Tigers

Supply of Wealth: Little Caesars Pizza

Web Value: $4.3 Billion (1-YEAR-CHANGE: -2.3%)



41.

ARTURO MORENO

Staff: Los Angeles Angels of Anaheim

Supply of Wealth: Billboards, Angels

Web Value: $4.1 Billion (1-YEAR-CHANGE: 13.9%)


42.

JOHN HENRY

Staff: Boston Pink Sox, Liverpool F.C., Roush Fenway Racing

Supply of Wealth: Sports activities

Web Value: $4 Billion (1-YEAR-CHANGE: 11.1%)


42.

JEREMY JACOBS SR & FAMILY

Staff: Boston Bruins

Supply of Wealth: Meals Service

Web Value: $4 Billion (1-YEAR-CHANGE: 33.3%)


44.

J. JOE RICKETTS & FAMILY

Staff: Chicago Cubs

Supply of Wealth: TD Ameritrade

Web Value: $3.9 Billion (1-YEAR-CHANGE: -4.9%)


45.

VINCENT VIOLA

Staff: Florida Panthers

Supply of Wealth: Digital buying and selling

Web Value: $3.6 Billion (1-YEAR-CHANGE: 0%)


46.

JAMES IRSAY

Staff: Indianapolis Colts

Supply of Wealth: Indianapolis Colts

Web Value: $3.4 Billion (1-YEAR-CHANGE: -2.9%)


46.

ROBERT “WOODY” JOHNSON

Staff: New York Jets

Supply of Wealth: Johnson & Johnson, sports activities

Web Value: $3.4 Billion (New)


46.

JOHN MIDDLETON

Staff: Philadelphia Phillies

Supply of Wealth: Tobacco

Web Value: $3.4 Billion (1-YEAR-CHANGE: 0%)


49.

HERB SIMON

Staff: Indiana Pacers

Supply of Wealth: Actual Property

Web Value: $3.2 Billion (1-YEAR-CHANGE: -5.9%)


50.

ROGER PENSKE

Staff: Staff Penske

Supply of Wealth: Automobiles

Web Value: $2.7 Billion (N/A)


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