/https://specials-images.forbesimg.com/imageserve/5f52c44d49061158d3e8ec0d/0x0.jpg?cropX1=0&cropX2=1920&cropY1=0&cropY2=1080 "America’s Richest Sports Team Owners 2020: Steve Ballmer On Top, As Steve Cohen Prepares To Join Ranks")
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The sports team owners on Forbes’ new Forbes 400 list are worth a combined $271 billion, up 6% over the past year.
The coronavirus pandemic shuttered most pro sports leagues for three-plus months, and the return to competitions has occurred almost entirely in fan-free venues, wreaking havoc on sports team financials. But most team owners fared just fine, as they rode surging stock markets to record net worths.
The combined fortune of the 42 Forbes 400 members who own controlling stakes in teams in major sports leagues is up 6%, to $271 billion, over the past 12 months.
Steve Ballmer leads the way for the sixth straight year, with a net worth of $69 billion, up $17.6 billion over last year; he ranks sixth overall on The Forbes 400, which is topped by Jeff Bezos at $179 billion. Ballmer, the high-wattage former Microsoft CEO, still owns a huge chunk of the tech giant, whose stock is up 45% in the last year.
He joined the sports ownership ranks in 2014 when he paid $2 billion for the Los Angeles Clippers, who are one of the favorites for a title in the NBA’s Disney World bubble. The Clippers, which Forbes valued at $2.6 billion in February, make up just 4% of Ballmer’s fortune.
Stanley Kroenke
Brian Rothmuller-Icon Sportswire-Newscom
While sports represent a small fraction of Ballmer’s net worth, teams make up more than 60% of the fortunes of guys like Jerry Jones of the Dallas Cowboys (No. 5, $8.6 billion), multi-team owner Stanley Kroenke (No. 6, $8.3 billion) and the New England Patriots’ Robert Kraft (No. 10, $6.6 billion).
Ballmer had the biggest dollar gain, but Memphis Grizzlies boss Robert Pera was the winner in percentage terms, up 39% to $10.5 billion. The Ubiquiti Networks founder rode a 58% rise in the wireless equipment maker’s share price to rank as the third richest American team owner. Hedge fund titan David Tepper (No. 2, $13 billion), who bought the Charlotte Panthers in 2018, is sandwiched between Ballmer and Pera.
Boston Bruins owner Jeremy Jacobs (No. 37, $2.6 billion) had the biggest fall, with his net worth down 65%, fueled by a coronavirus-induced lower valuation for the family’s venue concessions business, Delaware North.
The values for The Forbes 400 were calculated as of July 24, but one owner’s net worth has surged since then. Rocket Mortgage, formerly known as Quicken Loans, went public August 6 at a sky-high valuation, to the immense benefit of Daniel Gilbert, who owns the vast majority of the mortgage lender. The longtime Cleveland Cavaliers owner is worth $7.5 billion on The Forbes 400, but his current fortune, as of September 4, is more like $51 billion, ranked 15th among America’s billionaires.
Hedge fund titan Steve Cohen is likely to be part of the richest sports team owners club by this time next year. Cohen, whose agreement to buy the New York Mets earlier in 2020 blew up, is on the verge of finally buying his childhood team for roughly $2.4 billion. Cohen is worth $14.5 billion.
Here are the sports team owners on the 2020 Forbes 400 list. Net worths are as of July 24.
1.
Steve Ballmer
NET WORTH: $69 billion
SOURCE OF WEALTH: Microsoft
TEAM(S): Los Angeles Clippers
David Tepper
Jacob Kupferman-Getty Images
2.
David Tepper
NET WORTH: $13 billion
SOURCE OF WEALTH: hedge funds
TEAM(S): Charlotte Panthers, Charlotte FC
3.
Robert Pera
NET WORTH: $10.5 billion
SOURCE OF WEALTH: wireless networking gear
TEAM(S): Memphis Grizzlies
4.
Philip Anschutz
NET WORTH: $10.1 billion
SOURCE OF WEALTH: Investments
TEAM(S): Los Angeles Kings, LA Galaxy
5.
Jerry Jones
NET WORTH: $8.6 billion
TEAM(S): Dallas Cowboys
6.
Stanley Kroenke
NET WORTH: $8.3 billion
SOURCE OF WEALTH: sports, real estate
TEAM(S): Los Angeles Rams, Arsenal, Denver Nuggets, Colorado Avalanche
7.
Shahid Khan
NET WORTH: $7.8 billion
SOURCE OF WEALTH: auto parts
TEAM(S): Jacksonville Jaguars
Dan Gilbert
Andy Goodwin for Forbes
8.
Daniel Gilbert
NET WORTH: $7.5 billion
SOURCE OF WEALTH: Quicken Loans
TEAM(S): Cleveland Cavaliers
9.
Stephen Ross
NET WORTH: $7.2 billion
SOURCE OF WEALTH: real estate
TEAM(S): Miami Dolphins
10.
Robert Kraft
NET WORTH: $6.6 billion
TEAM(S): New England Patriots, New England Revolution
11.
Arthur Blank
NET WORTH: $6.1 billion
SOURCE OF WEALTH: Home Depot
TEAM(S): Atlanta Falcons, Atlanta United
12.
Charles Dolan & family
NET WORTH: $5.7 billion
SOURCE OF WEALTH: cable TV
TEAM(S): New York Knicks, New York Rangers
13.
Micky Arison
NET WORTH: $5.6 billion
SOURCE OF WEALTH: Carnival Cruises
TEAM(S): Miami Heat
14.
Joshua Harris
NET WORTH: $5.1 billion
SOURCE OF WEALTH: Private Equity
TEAM(S): Philadelphia 76ers, New Jersey Devils, Crystal Palace
14.
Terrence Pegula
NET WORTH: $5.1 billion
SOURCE OF WEALTH: natural gas
TEAM(S): Buffalo Bills, Buffalo Sabres
16.
Charles Dolan & family
NET WORTH: $5.7 billion
SOURCE OF WEALTH: cable TV
TEAM(S): New York Knicks, New York Rangers
16.
Ted Lerner & family
NET WORTH: $4.8 billion
SOURCE OF WEALTH: real estate
TEAM(S): Washington Nationals
18.
Henry Samueli
NET WORTH: $4.7 billion
SOURCE OF WEALTH: semiconductors
TEAM(S): Anaheim Ducks
19.
Stephen Bisciotti
NET WORTH: $4.6 billion
SOURCE OF WEALTH: staffing
TEAM(S): Baltimore Ravens
20.
Charles Johnson
NET WORTH: $4.3 billion
SOURCE OF WEALTH: money management
TEAM(S): San Francisco Giants
21.
Mark Cuban
NET WORTH: $4.2 billion
SOURCE OF WEALTH: online media
TEAM(S): Dallas Mavericks
22.
Tilman Fertitta
NET WORTH: $4.1 billion
SOURCE OF WEALTH: entertainment
TEAM(S): Houston Rockets
22.
Dan Friedkin
NET WORTH: $4.1 billion
SOURCE OF WEALTH: Toyota dealerships
TEAM(S): A.S. Roma
24.
Marian Ilitch
NET WORTH: $4 billion
SOURCE OF WEALTH: Little Caesars
TEAM(S): Detroit Red Wings
25.
Joe Mansueto
NET WORTH: $3.9 billion
SOURCE OF WEALTH: investment research
TEAM(S): Chicago Fire
25.
Janice McNair
NET WORTH: $3.9 billion
SOURCE OF WEALTH: energy, sports
TEAM(S): Houston Texans
27.
Mark Walter
NET WORTH: $3.7 billion
SOURCE OF WEALTH: finance
TEAM(S): Los Angeles Dodgers
28.
Anthony Ressler
NET WORTH: $3.5 billion
SOURCE OF WEALTH: finance
TEAM(S): Atlanta Hawks
29.
John Middleton
NET WORTH: $3.4 billion
SOURCE OF WEALTH: tobacco
TEAM(S): Philadelphia Phillies
29.
Arturo Moreno
NET WORTH: $3.4 billion
SOURCE OF WEALTH: billboards
TEAM(S): Los Angeles Angels
31.
Gayle Benson
NET WORTH: $3.3 billion
SOURCE OF WEALTH: sports teams
TEAM(S): New Orleans Pelicans, New Orleans Saints
32.
Denise York & family
NET WORTH: $3.2 billion
TEAM(S): San Francisco 49ers
33.
James Irsay
NET WORTH: $3 billion
TEAM(S): Indianapolis Colts
34.
Jimmy Haslam
NET WORTH: $2.9 billion
SOURCE OF WEALTH: gas stations, retail
TEAM(S): Cleveland Browns, Columbus Crew
35.
John Henry
NET WORTH: $2.8 billion
SOURCE OF WEALTH: sports
TEAM(S): Boston Red Sox, Liverpool, Roush Fenway Racing
36.
Jeffrey Lurie
NET WORTH: $2.7 billion
TEAM(S): Philadelphia Eagles
Jeremy Jacobs
Maddie Meyer/Getty Images
37.
Jeremy Jacobs Sr. & family
NET WORTH: $2.6 billion
SOURCE OF WEALTH: food service
TEAM(S): Boston Bruins
37.
Herbert Simon
NET WORTH: $2.6 billion
SOURCE OF WEALTH: real estate
TEAM(S): Indiana Pacers
37.
Dan Snyder
NET WORTH: $2.6 billion
TEAM(S): Washington Redskins
40.
Glen Taylor
NET WORTH: $2.5 billion
SOURCE OF WEALTH: printing
TEAM(S): Minnesota Timberwolves
40.
Vincent Viola
NET WORTH: $2.5 billion
SOURCE OF WEALTH: electronic trading
TEAM(S): Florida Panthers
42.
John Fisher
NET WORTH: $2.4 billion
SOURCE OF WEALTH: Gap
TEAM(S): Oakland Athletics, San Jose Earthquakes
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