Now is the right time to own a billionaire sports team.
The collective wealth of the 44 sports owners of Forbes listing of the richest 400 Americans rose 42% from a year ago to $ 392.4 billion.
Former Microsoft executive and owner of the Los Angeles Clippers Steve ballmer topped the list – for the seventh year in a row – with a net worth of $ 96.5 billion, more than three times the next owner, Dan Gilbert of the Cleveland Cavaliers, which is worth $ 30.2 billion.
- The top of the list is dominated by NBA and NFL owners: 16 of the 20 richest American owners have a team in one of these leagues.
- Owner of the New York Mets Steve cohen joined the list after purchasing the team in October 2020 for $ 2.4 billion. Cohen $ 16 billion ranks him fourth and makes him the richest owner in MLB by far.
- At least one roster has prepared for a future in which she is no longer a team owner: Gayle Benson wants the next owners of the New Orleans Saints and Pelicans to keep teams where they are and donate the proceeds from the team’s sale to New Orleans charities. . She is one of the five women on the list.
Homeowners, who typically have a large portion of their wealth tied up in stocks and stakes in businesses, have benefited from a rise in the overall economy: S&P 500 and NASDAQ are both standing 28% from a year ago.