Many owners of sports teams make more money from other jobs than from their teams. The top 10 are what we’re talking about.
You want to make money, right? Join the list of people who own sports teams. In the last few decades, sports franchises have proven to be a great way to make a lot of money, which is why investors buy them and try to make them worth even more money.
Forbes made a list of the owners of sports teams who made the most money this year. However, many of them are still making more money with other projects. Let’s talk about them.
Steve Ballmer Los Angeles Clippers
Value: 83 billion
Steve Ballmer is the business mogul who owns a lot of equipment. Forbes says that he makes the most money from the shares he owns in Microsoft, a company he ran from 2000 to 2014, leaving behind a mixed legacy.
Rob Walton
Denver Broncos
Value: 56.7 billion
Rob Walton is the heir to the wealth of Walmart, which is the biggest store in the world. From 1992 to 2015, he was in charge of the company. This is still his main source of income, but he bought the Denver Broncos to get into sports.
David Tepper
Charlotte FC and the Carolina Panthers
Value: 18.5 billion
David Tepper is the owner of both the NFL Panthers and the MLS Charlotte team. In a similar way, the man started and is president of a Florida-based hedge fund called Appaloosa Management, which is his main source of income. He has also been on a list of the fund managers with the most money.
Robert Pear
memphis grizzlies
Value: 17.6 billion
Steve Cohen started Point72 Asset Management and is also a fund manager. In 2013, he got into trouble for insider trading and had to pay a fine of several million dollars. Since then, he has made up for it and has owned the Mets, one of the most important teams in the NLB, for the past two years.
Daniel Gilbert
Cleveland Cavaliers
17.3 billion
Daniel Gilbert started Rocket Mortgage, a company that helps people get loans quickly, and owns most of it. He also started Rock Ventures, which is a holding company. His main source of income is still the first, but he also owns several sports teams, mostly in Cleveland.
Jerry Jones and the Dallas Cowboys
Value: 16 billion
Jerry Jones is one of the few people on the list whose sports team is their main source of income. Jones has owned the Dallas Cowboys since 1989. He has turned the team into one of the biggest in the NFL, but some of the fans don’t like him very much.
Stanley Croenke
Los Angeles Rams, Arsenal FC, Denver Nuggets, Colorado Avalanche, Colorado Rapids
Value: $12.9 billion
Kroenke owns Kroenke Sports & Entertainment, a holding company that owns a number of sports teams, including some Lacrosse and even eSports. The man also makes money from buying and selling houses.
Miami Dolphins stephen ross
Value: 11.6 billion
Stephen Ross is best known for his work in real estate. He is the president of The Related Companies, and since 2009, he has owned the Miami Dolphins. He is one of only a few people on the list whose charitable work is very important.
Shahid Khan
Jacksonville Jaguars, Fulham F.C.
Value: 11.2 billion
Shahid Khan became a tycoon in the auto parts business when he bought Flex-N-Gate, a company that sells auto parts in many countries, including Mexico.
If you are interested
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