We bet the first thing to come to mind when you hear about rich people in sports would be the players. However, the truth is that it is not only the likes of Cristiano Ronaldo, Tom Brady, and LeBron James who rake in the big bucks. The team owners also have a fortune to their name! Across multiple sports and leagues, read on to see who the wealthiest owners are and what their stories are!
Unless you have been living beneath a rock, you probably know this TV personality and comedian. Born in Cleveland, this Seattle Sounders owner launched a standup comedy career not long after he served in the Marines. He made his $165 million fortune thanks to his hosting career and The Drew Carey Show. He became even more famous when he hosted Whose Line Is It Anyway?. He now hosts the CBS game show The Price Is Right.
One of the greatest actors of our time, this comedian also has a huge stake in the St. Paul Saints. Born in Illinois, Bill Murray made it big when he joined the Saturday Night Live crew. He even got his first Emmy for this! He also starred in big screen projects like Ghostbusters, What About Bob?, Stripes, Caddyshack, and Lost In Translation. He now has a net worth of $140 million.
Dubbed the “King of Late Night”, David Letterman is a retired TV host. You can still watch his interviews with celebrities on Netflix, however. He owns Worldwide Pants, which produced The Late Late Show and Everybody Loves Raymond. Aside from this, he is also the owner of the Rahal Letterman Lanigan Racing. His team races in the United SportsCar Championship, formerly known as the American Le Mans Series, and the NTT IndyCar Series. The TV personality is worth $400 million.
Stan Kroenke owns a number of successful sports teams, so we are not surprised to hear that he has a net worth of $8.8 billion! Aside from owning the Los Angeles Rams, Arsenal F.C., and Colorado Rapids, he has also seen success in the real estate and alcohol industries. Now 71 years old, he is married to Ann Walton Kroenke, an heiress to the Walmart wealth. No doubt about it, they make up one power couple!
Jeanie Marie Buss
Jeanie Marie Buss is one powerful woman in sports. She is not only the president of the Los Angeles Lakers but also owns Women of Wrestling. Over the years, she has been involved with multiple sports teams. It turns out that her ownership of what might be the most popular NBA teams caused some hassle over the signing of LeBron James. As we all know, he ultimately signed anyway. Buss is worth $500 million.
In 2008, Harold “Hal” Steinbrenner took on the role of co-chairman and managing general partner of the Yankees. Two years later, he became the principal owner when his brother Hank inherited the team from their dad. Aside from this, Steinbrenner is the CEO and Chairman of Steinbrenner Hotel Properties. It sold 3 hotels in north Florida for about $31 million back in 2015. He likes to fly private airplanes in his free time and sits on the Board of the Directors of the Boys & Girls Clubs of America of Tampa Bay. Are you ready to hear just how much this man is worth? Why, only $3.2 billion, of course.
This country singer has released 15 different studio albums and won 3 Grammys, 14 ACMs, 11 CMAs, 10 AMAs, and 3 People’s Choice Awards in the past. Tim McGraw does not only boast of a top-grossing tour ever, but he also has a stake in the Nashville Kats of Arena Football. He has always been interested in the sport. He has a net worth of $85 million and often hosts charity events with Brett Favre.
Media mogul Jeffrey Lurie owns the Philadelphia Eagles of the NFL. He bought the team from Norman Braman for $195 million, an amount that he borrowed from the Bank of Boston with his mother Nancy. He has also produced films like Inocente, The Blind Side, Sweet Hearts Dance, Malibu Shoes, and Sergio. He bought the Eagles by selling his stocks in the GG Cos. Inc. and Harcourt General. He now has an incredible net worth of $2.1 Billion
Gene “The Demon” Simmons is a songwriter, musician, and the KISS lead singer. This musician is best known for his commentaries on nearly anything in the world. Aside from that, he is also a reality TV show star and made a brief appearance on CSI. He owns a film company called Erebus Pictures too. He made it to this list as the owner of the LA KISS in Arena Football. He is presently worth $350 million.
It is not a secret that Shaquille O’Neal was one of the best players the NBA has ever seen. He stands more than 7 feet tall and retired from playing. After that, he went on to become the host for Inside the NBA. He has been picked for 15 All-Star games, won 3 MVP awards, got picked for the All-NBA team 14 times, and more. He partly owns the Sacramento Kings. We are sure that his experience on the court has helped him make good decisions for the team. He currently has a net worth of $400 million.
Arthur Blank founded Home Depot with the help of an investment banker by the name of Ken Langone. He served as the president of this industrial store for nearly two decades before he retired and became a co-chair. He went to Babson College before launching the store in 1978. He has raked in a fortune… $4.8 billion, in fact. He bought the NFL team Atlanta Falcons and its parent company AMB Group.
We would be very surprised if you do not know Jimmy Buffett. The singer has a medium-sized stake in the Miami Dolphins and even penned the theme song of the team. The “Margaritaville” singer is a member of the Coral Reefer Band and only rivals Kenny Chesney when it comes to wild fan bases. Apart from this, he also owns the restaurant chains the Margaritaville Café and Cheeseburger in Paradise.
Businessman and philanthropist Paul Allen has since passed away, but let us not forget his legacy. He used to own the Portland Trailblazers and the Seattle Seahawks. He co-founded Microsoft with none other than Bill Gates and was considered to be one of the wealthiest men in the world. He also founded Vulcan, Inc. and the Allen Institute for Brain Science, Cell Science, and Artificial Intelligence. He had a net worth of $20.4 billion.
Will Ferrell is another celeb to own a sports team. This actor-comedian got his start on Saturday Night Live, which jumpstarted his very successful career. There is a chance that you even recognize him from Elf, The Other Guys, Talladega Nights, Anchorman, and Step Brothers as well. He used to be a part of the “Frat Pack” back in the late ‘90s. He now co-owns the Los Angeles F.C. He has a net worth of $100 million.
Michael Jordan is yet another NBA great. The legendary baller became famous during his time with the Chicago Bulls and retired in 2003. In 2010, he bought a large share of the Charlotte Hornets for $175 million. It was a great idea since the Hornets are now worth over a billion bucks. While some people question his ability to lead this team, we are sure he has great insights. He is worth $1.9 billion!
James Dolan is part owner of the New York Knicks. The CEO and executive chairman of the Madison Square Garden Company was born in NYC and went to SUNY New Paltz. He also owns MSG Networks and is in charge of its operations, especially that of the sports teams. He has a net worth of $1.5 billion!
Born in LA, Jerry Jones is the owner of the Dallas Cowboys. He also has a history with the Teamsters and borrowed a million bucks from Jimmy Hoffa to launch a failed pizza parlor chain. After that, he tried his luck in other business ventures using money from Teamsters. At last, he found success in the gas and oil industry when he started a company in Arkansas. After that, he made Legends Hospitality, which was also very successful. He has been turning around the Cowboys since the ‘90s! He is worth $6.7 billion.
Businessman Steve Ballmer used to be the CEO of Microsoft from 2000 to 2014. He also owns the Los Angeles Clippers and is considered to be one of the richest people on the planet. Born in Detroit, he went to Harvard University. He was handpicked by his predecessor Bill Gates to become the president of Microsoft. He bought the Clippers for$2 billion after NBA commissioner Adam Silver forced Donald Sterling, the previous owner, to sell it. Balmer now has a jaw-dropping net worth of $46.9 billion.
Mark Cuban owns 2929 Entertainment and chairs AXS TV. Aside from these things, he also owns the Dallas Mavericks. Most of the investment holdings he has are in entertainment, sports, and media. Born in Pittsburgh, he later relocated to Dallas. Without a doubt, he is one of the biggest figures in the sports ownership world. The savvy businessman has $4.1 billion to his name.
Cornell University alumnus Bill Maher is an author, comedian, and commentator who has been in show business ever since 1979. Known for his wit and sarcasm, he was born in NYC and lives there until now. We bet you did not know that he is a part-owner of the New York Mets, which he calls one of his best decisions ever. This talented man has a net worth of $100 million.
Considered to be among the most influential hip-hop artists, Jay-Z is also married to pop legend Beyonce. Born in New York City, he started rapping when he was little. He started to put out mixtapes and albums, which got a lot of attention. This musician has 22 Grammys to his name and many other awards. He is a part-owner of the Brooklyn Nets! He is estimated to be worth $930 million. Whoa.
Robert “Bob” McNair owned the Houston Texans. This businessman and philanthropist went to the University of South Carolina and had fairly bad luck with business during his twenties and thirties. Things changed when he founded a cogeneration company called Cogen Tech and sold it to Enron. He also owned a number of power plants and Palmetto Partners, Ltd. He served as the CEO of the McNair Group as well. He had a net worth of $4 billion.
Franchise owner Gayle Benson took over a number of sports team after her husband Tom died. She basically inherited these franchises! The New Orleans native started out with a career in interior decoration. Her husband named her his heir even though many people thought that he would choose his kids instead. The squabble even went to court, where she emerged victorious as the official owner of his assets. The biggest of which might be the New Orleans Saints! She is now worth $2.8 billion.
This native of Buffalo, New York is the owner of the hockey team called the Anaheim Ducks. Now living in Newport Beach, he is a popular philanthropist in the Orange County area of California. The Broadcom, Inc. chairman and CEO was once a UCLA engineering professor. He is also an inventor with over seventy patents to his name. The Marconi Prize winner is also a member of the AAAS, IEEE, and NAE. He boasts of an incredible net worth of $4.1 billion.
Joshua Harris is a private equity investor who owns both the Philadelphia 76ers and the New Jersey Devils. He has a stake in the Crystal Palace as well. When it comes to business, he founded a private equity company called Apollo Global Management. It was actually his firm that bought the 76ers from Comcast back in 2011. Famous people like Marc Leder, James Lassiter, Michael Rubin, and Will and Jada Smith have been linked to the investment group. Harris now has an incredible $3.6 billion to his name.