There’s one almost guaranteed, 100% fool-proof investment that carries with it almost no risk.
Owning a professional sports franchise.
It’s why LeBron James has gotten into the game as a small owner of the Boston Red Sox before he makes a bigger play to eventually own an NBA franchise.
The list of billionaires on the Forbes 400 list that owns a professional team is not that big.
Who’s the richest? What professional sports franchise owner has the smallest net worth?
The answers are fascinating…
There must have been something in the water at Microsoft. Paul Allen, the late co-founder of Microsoft and partner to Bill Gates owned the Portland Trailblazers of the NBA and the NFL’s Seattle Seahawks.
Steve Ballmer, the CEO who replaced Gates and owned 8% of the company now owns the Los Angeles Clippers.
Gates could own a professional franchise in every color, time zone and sport if he wanted to, but has stayed out of the ownership game.
So, just who is the highest net worth individual that owns a professional sports team?
The one who is also the loudest, Ballmer, who as of Friday stood No. 6 on the Forbes 400 with a net worth of $68.4 billion.
He purchased the Clippers for $2 billion in 2014, which amounted to a measly 4% of his fortune.
Championships: 0
2. David Tepper
Team: Charlotte Panthers
Net Worth: $13 billion
How he made his money: Hedge Funds
Championships: 0
3. Robert Pera
Team: Memphis Grizzlies
Net Worth: $10.5 billion
How he made his money: Wireless networking
Championships: 0
4. Philip Anschutz
Team: L.S. Kings
Net Worth: $10.1 billion
How he made his money: Investing
Championships: 2
5. Jerry Jones
Team: Dallas Cowboys
Net Worth: $8.6 billion
How he made his money: Oil, natural gas, real estate, owning the Cowboys
Championships: 3
6. Stan Kroenke
Team: L.A. Rams, Denver Nuggets, Colorado Avalanche
Net Worth: $8.3 billion
How he made his money: real estate, owning sports teams, marrying a Walton
Championships: 1
7. Shahid Khan
Team: Jacksonville Jaguars
Net Worth: $7.8 billion
How he made his money: building an auto parts empire
Championships: 0
8. Daniel Gilbert
Team: Cleveland Cavaliers
Net Worth: $7.5 billion
How he made his money: Quicken Loans
Championships: 1
9. Stephen Ross
Team: Miami Dolphins
Net Worth: $6.6 billion
How he made his money: Real estate
Championships: 0
10. Robert Kraft
Team: New England Patriots
Net Worth: $6.6 billion
How he made his money: New England Patriots
Championships: 6
The 5 Lowest Net Worth Owners In Team Sports:
- 1. Holt Family
Team: Aan Antonio Spurs
Net Worth: $200 million
Championships: 5
2. Mark Davis
Team: Las Vegas Raiders
Net Worth: $250 million
Championships: 0
3. Robert Sarver
Team: Phoenix Suns
Net Worth: $400 million
Championships: 0
4. Wycliffe Grousbeck
Team: Boston Celtics
Net Worth: $410 million
Championships: 1
5. Robert Castellini
Team: Cincinnati Reds
Net Worth: $420 million
Championships: 0
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