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US: The Richest Sports Team Owners!

By Prof Dr Ian Blackshaw

The Forbes 2021 400 Rich List, as of 3 September 2021, has just been published and, for the first time in 25 years, former US President Donald Trump does not appear on it, having missed out by US$400 million!

However, the combined fortunes of 44 of the 400 members of the Forbes Rich List own controlling stakes in major sports teams amount to a staggering US$392.4 billion, which represents an increase of 42% over the past year!

Heading the List of sports team owners is Steve Balmer, a former Microsoft Executive, who owns the Los Angeles Clippers, which he bought in 2014 for US$2 billion and is now worth US$2.75 billion. Balmer ranks 10th on the List with a fortune of US$96.5 billion.

In second place on the List is Dan Gilbert, who owns the Cleveland Cavaliers, with a fortune of US$30.9 billion

Then comes Robert Pera, founder and CEO of Ubiquiti Networks, who owns the NBA Memphis Grizzlies, which he bought in 2012 for US$377 million and is now worth US$1.3 billion. Pera has a fortune of US$19 billion.

Completing the top 5 sports team owners on the List are Steve Cohen, who owns the New York Mets, and David Tepper, who owns the Carolina Panthers. They have fortunes of US$16 billion and US$15.8 billion respectively.

For the complete list of US sports team owners on the Forbes 2021 400 Rich List, log onto:

https://www.forbes.com/sites/sergeiklebnikov/2021/10/05/richest-sports-team-owners-2021-forbes-400/?sh=7be5e1b262a1’.

It appears that owning sports teams in the US proves to be good investments!

Prof Dr Ian Blackshaw may be contacted by e-mail at ‘This email address is being protected from spambots. You need JavaScript enabled to view it.



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