The 42 members of The Forbes400 that own sports teams are collectively worth $247 billion by kbadenhausen
Share to twitterSteve Ballmer poses with his two new All-Star summer additions, Paul George and Kawhi Leonard, as well as coach Doc Rivers.The Los Angeles Clippers were the major winners of the basketball summer, landing free agent Kawhi Leonard and trading for Paul George. That pairing of All-NBA players makes the Clippers theIt has also been a strong year off the court for Clippers owner Steve Ballmer. The net worth of the former Microsoft CEO is up $9.4 billion, to $51.
Ballmer joined the ranks of team owners in 2014 when he paid $2 billion for the long-suffering Clippers franchise, which made the playoffs only four times in its first 33 seasons in Southern California. The Clippers have been transformed from the penny-pinching ways of former owner Donald Sterling to aNext up: a new privately financed arena in Inglewood, California, targeting 2024 as an opening. The expected $1 billion-plus cost is pocket change for Ballmer.
David Tepper is the second-richest American sports owner and the wealthiest of the 16 NFL owners on the Forbes 400 after the October 2018 death of Paul Allen. Tepper, a hedge fund titan, is also the league’s newest owner after buying the Carolina Panthers for an NFL-record $2.3 billion last year. The biggest gainer in dollar terms is Ballmer, but another NBA owner had the biggest percentage jump. The net worth of the Detroit Pistons’ Tom Gores jumped 44%, to $5.6 billion, after his private equity firm closed its biggest fund yet; his Platinum Equity’s assets under management have soared 70% since last year, to $19.4 billion. Gores and Dallas Cowboys owner Jerry Jones both had their net worth increase $1.7 billion from a year ago, second-most behind Ballmer.
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