The National Basketball Association is a multi-billion dollar industry. All team owners are very wealthy and team ownership only serves to make them richer if the performance is going well and the fans are attending the games. We’ve researched the Forbes list of the richest sports team owners to come up with a list of the ten richest owners in the NBA ranked in the highest net worth valuation for your enjoyment.
10. James Dolan – $ 1.9 billion
James Dolan is the owner of the New York Knicks. He is the founder and president of the Madison Square Garden company. Mr. Dolan is known for his mismanagement skills, but at $ 1.9 billion worth, he has yet to be doing something right. The team has been on a losing streak dating back roughly a decade with many pointing to James Dolan and the way he has led the team.
9. Mark Cuban – $ 3.2 billion
Mark Cuban is the ninth richest owner in the NBA and his team is the Dallas Mavericks. His team’s net worth is estimated to be $ 3.2 billion. Actively participate in promoting the team with blogs that discuss technical aspects of the game. He entered the world of sports club ownership in 2000.
8. Tom Gores – $ 3.9 billion
Tom Gores is the owner of the Detroit Pistons. He is in charge of managing more than 25 companies. He is currently the CEO and Chairman of the Board of Directors of Platinum Equity. He is an avid sports enthusiast and Tom Gores is active in promoting the best interests of the team, as well as greatly enjoying being involved in the sport. The Detroit Pistons valuation is currently $ 3.9 billion.
7. Richard Devos – $ 4.7 billion
Richard Devos is the owner of the Orlando Magic. He has a deep love for baseball and that is why he is so involved with team ownership and management. Mr. Devos and his entire family are involved in all aspects of running and running the Orlando Magic and, in essence, have made it a family affair.
6. Dan Gilbert – $ 4.9 billion
Dan Gilbert is the founder and president of the huge financial institution Quicken Loans. He is the current president of the Cleveland Cavaliers. The team has set remarkable attendance records and is currently second in the NBA for achieving this milestone. Mr. Gilbert is an active shareholder in multiple sports-related organizations.
5. Micky Arison – $ 7.1 billion
Micky Arison was named president of the world’s largest cruise operations. He also owns the Miami Heat, which has an estimated valuation of $ 7.1 billion. Arison is actively involved with the team and many attribute his management skills and careful reshaping of the team to achieve excellence, to the winning streak in which they recently won 3 championships.
4. Mikhail Prokhorov – $ 7.6 billion
Mikhail Prokhorov is the owner of the Brooklyn Nets team. Since taking over ownership of the team, they have gone to heaven with their successes. Mr. Prokhorov is the founder of the ONEXIM Group company and is a leading shareholder in a variety of Russian companies related to energy, banking, aluminum and insurance.
3. Stanley Kroenke $ 7.7 billion
Stanley Kroenke is the owner of the Denver Nuggets. He is actively involved in maximizing the full potential of the team and is highly regarded for his management and inspiring skills in this field. Mr. Kroenke also owns Colorado Rapids, Colorado Mammoth, Colorado Avalanche and is the largest shareholder in the Arsenal League.
* 2. Paul Allen – $ 17.5 billion
Paul Allen owned the Portland Trail Blazers, as well as the Seattle Seahawks and the Seattle Sounders. He is one of the richest men in the United States. The former high school dropout founded Microsoft Corporation with his partner Bill Gates. His net worth was estimated at $ 17.5 billion. Sadly, Allen passed away from cancer not long ago.
1. Steve Ballmer $ 44.5 billion
Steve Ballmer is the owner of the Los Angeles Clippers. Currently, he is the owner of a richer NBA team. His estimated net worth is $ 44.5 billion, making him the richest on our list. Ballmer is a former CEO of Microsoft Corporation.