Billionaires often make extravagant purchases – like buying their own sports team.
It doesn’t matter how you look at it, professional sports and money are greatly intertwined. So much so that the highest-paid & MILLIONAIRE athletes in the world earn a ridiculous amount of cash. Billionaires have a lot of cash to drop. Some are known to spend it on mansions. Others, private planes and luxury cars. And others still? They just buy their own sports team.
In fact, three among the top richest billionaire sports team owners own multiple teams, With a personal wealth of $40.1 billion, Mukesh Ambani, who owns Indian Premier League cricket club Mumbai Indians, is richest sports team owner in the world for 2018, followed by the Los Angeles Clippers owner Steve Ballmer, worth $38.4 billion.
Red Bull GmbH owner Dietrich Mateschitz is the third richest team owner in the world, worth $23 billion. Only one woman makes the list: Marian Ilitch, the cofounder of Little Caesars Pizza.
There are 62 billionaire owners of teams in major sports leagues around the world, who are the majority shareholder of managing partner of a team. These billionaires sports team owners have a combined net worth north of $375 billion and collectively own 78 teams And for some, one team isn’t enough – together, they own 78 teams..
Here’s the top 12 richest sports team owners in the world, 2018:-
- Mukesh Ambani, India,
- Steve Ballmer, United States,
- Dietrich Mateschitz, Austria,
- Paul Allen, United States,
- Philip Anschutz, United States,
- Hasso Plattner & family, Germany,
- Roman Abramovich, Russia,
- Micky Arison, United States,
- Mikhail Prokhorov, Russia,
- Stanley Kroenke, United States,
- Stephen Ross, United States,
- Shahid Khan, United States,
1. Mukesh Ambani, India
Net worth: $40.1 billion
Team: Mumbai Indians, cricket
Source of wealth: Petrochemicals and oil/gas
Although we may not actually know the rules of cricket, we do know that this sport is extremely prominent around the world. In fact, it happens to be India’s most popular sport, which is why it should come as no surprise that Mukesh Ambani , the country’s wealthiest individual and owner of the Mumbai Indians, is so high on this list. With the wealth he acquired through petrochemicals and oil and gas, Ambani became one of the top most billionaire owners in the Indian Premier League and now holds a net worth of $40.1 billion. Perhaps it’s time we pay a little more attention to cricket.
2. Steve Ballmer, United States
Net worth: $38.4 billion
Team: Los Angeles Clippers
Source of wealth: Microsoft, self-made
Steve Ballmer, the former CEO of Microsoft, comes in as the wealthiest team owner in all of sports. And it’s really not that close of a contest. Although he bought the Los Angeles Clippers back in 2014 for $2 billion, Ballmer’s overall wealth, & increased by $2 billion over the past year thanks to the rise (18%) in Microsoft’s stock. As a result, the man is now worth $38.4 billion.
3. Dietrich Mateschitz, Austria
Net worth: $23 billion
Teams: New York Red Bulls, Red Bull Racing, Red Bull Toro Rosso Honda
Source of wealth: Red Bull, self-made
It’s not everyday that you see a correlation between auto racing and soccer, however, that changes when you turn your attention to a man who plays a monumental role in both worlds: Dietrich Mateschitz, the founder of Red Bull as the owner of both Red Bull Racing and the New York Red Bulls, Mateschitz has amassed a net worth of $23 billion. Not only does this make him the wealthiest individual in both auto racing and soccer, it also makes him thired-richest sports team owner. And to think we were under the impression that the highest-paid NASCAR drivers were the ones pulling in serious bank.
4. Paul Allen, United States
Net worth: $21.7 billion
Teams: Portland Trail Blazers, Seattle Seahawks
Source of wealth: Microsoft and investments, self-made
While Paul Allen is most famously known for being a cofounder of Microsoft, we’re here to discuss his portfolio, which includes multiple sports franchises. Allen owns the NFL’s Seattle Seahawks as well as the NBA’s Portland Trail Blazers. With a net worth of $21.7 billion, he is the wealthiest owner in the National Football League and the fourth-richest team owner in the world of sports.
5. Philip Anschutz, United States
Net worth: $13 billion
Teams: Los Angeles Kings, LA Galaxy
Source of wealth: Investments
As the owner of the Los Angeles Kings, it’s fitting that Philip Anschutz is the wealthiest team owner in the National Hockey League. Worth $13 billion at the time of this analysis, Anschutz made his money through a diverse array of investments, including railroads, oil, telecom, entertainment, and real estate. His interests aren’t limited to the ice, as the billionaire also owns the Los Angeles Galaxy of the MLS.
6. Hasso Plattner & family, Germany
Net worth: $12.7 billion
Team: San Jose Sharks
Source of wealth: Software, self-made
After leaving IBM in 1972, Hasso Plattner set about starting the German software company SAP. By navigating the tricky waters of the tech world, Plattner amassed an impressive worth of $12.7 billion. Part of this fortune went toward becoming the majority owner the NHL’s San Jose Sharks.
7. Roman Abramovich, Russia
Net worth: $10.8 billion
Team: Chelsea FC
Source of wealth: Steel and investments, self-made
Soccer fans are quite familiar with Roman Abramovich. The owner of London’s Chelsea Football Club worth of $10.8 billion, who made his money in oil and steel, is not afraid to spend big bucks on top-tier players, so long as it produces results on the pitch. Unfortunately, Abramovich’s way of doing things has led to the sacking of many a manager.
8. Micky Arison, United States
Net worth: $9.7 billion
Team: Miami Heat
Source of wealth: Carnival Cruises
When he’s not earning coin as the mastermind behind Carnival Cruises, Micky Arison can enjoy all he luxuries that come with being the owner of the NBA’s Miami Heat worth of $9.7 billion. The team may lack the talent it’s had in recent years, especially with the departures of LBJ and D-Wade, but it’s hard to really complain. After all, beautiful weather is beautiful weather.
9. Mikhail Prokhorov, Russia
Net worth: $9.6 billion
Team: Brooklyn Nets
Source of wealth: Investments, self-made
The Brooklyn Nets may be among the worst teams in the NBA, but that didn’t stop Russian billionaire Mikhail Prokhorov from securing full ownership of the team worth of $9.6 billion and the Barclays Center back in 2015. Hey, when you make your fortune in banking, metals, and other enterprises, there’s nothing wrong with splurging on a professional basketball team.
10. Stanley Kroenke, United States
Net worth: $8.3 billion
Teams: Los Angeles Rams, Arsenal, Denver Nuggets, Colorado Avalanche
Source of wealth: Sports and real estate, self-made
Stanley Kroenke is the mastermind behind the Rams’ return to Los Angeles. The guy had Hollywood dreams, and as the owner of the franchise, he found a way to make it happen. Of course, when it comes having stakes in pro sports franchises, this is hardly Kroenke’s first rodeo. The real estate mogul, worth $8.3 billion, also owns the Colorado Avalanche, Colorado Rapids, Denver Nuggets, and Arsenal FC of the English Premier League.
11. Stephen M. Ross, United States
Net worth: $7.6 billion
Team: Miami Dolphins
Source of wealth: Real estate, self-made
Stephen M. Ross (born May 10, 1940) is an American real estate developer, philanthropist and Miami Dolphins sports team owner worth $7.6 billion. Ross is the chairman and majority owner of The Related Companies, a global real estate development firm he founded in 1972. Related is best known for developing the Time Warner Center, where Ross lives and works, as well as the Hudson Yards Redevelopment Project. Ross is also the principal owner of the Miami Dolphins and Hard Rock Stadium.
12. Shahid Khan, United States
Net worth: $7.2 billion
Team: Jacksonville Jaguars
Source of wealth: Auto parts, self-made
Shahid Khan (born July 18, 1950), also known as Shad Khan, is a Pakistani-American billionaire businessman and philanthropist. He is the owner of the Jacksonville Jaguars of the National Football League (NFL) worth $7.2 billion and Fulham F.C. of the English Premier League. Khan is also the owner of the automobile parts manufacturer Flex-N-Gate in Urbana, Illinois.
Khan was featured on the front cover of Forbes magazine in 2012, associating him as the face of the American Dream. As of August 2018, Khan’s net worth is over $7.0 billion. He is ranked 70th in the Forbes 400 list of richest Americans, and is overall the 221st wealthiest person in the world. He is also the richest person of Pakistani origin.