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Clippers owner Steve Ballmer has been America’s richest sports owner for eight years in a row, according to Forbes.
Important reasons: Ballmer doesn’t just top the list. how much is it.
- The former Microsoft CEO is worth more than four times the next richest NBA owner.
- And 37% more than any other owner in the Big Four Sports League.
Top 5 leagues:
- NBA: Ballmer, Clippers ($78 billion). Grizzlies’ Robert Pella ($17.9 billion). Cavaliers’ Dan Gilbert ($16.1 billion). Ann Walton Cronke, Nuggets ($8.4 billion); Tilman Felitta, Rockets ($7.7 billion)
- NFL: Rob Walton, Broncos ($57.1 billion). David Tepper, Panthers ($18.5 billion). Cowboys’ Jerry Jones ($15.8 billion). Stan Kroenke, Rams ($12.9 billion); Stephen Ross, Dolphins ($11.6 billion)
- MLB: Mets’ Steve Cohen ($17.5 billion). Ted Lerner and his family, the Nationals ($6 billion). Dodgers Todd Vorley ($5.3 billion). Dodgers Mark Walter ($5.2 billion). Charles B. Johnson, Giants ($4.6 billion)
- NHL: Kings’ Phil Anschutz ($10.8 billion). Walton Kroenke, Avalanche ($8.4 billion); Terry Pegula, Sabers ($6.7 billion); David Bonderman, Kraken ($6.5 billion); Henry Samueli, Dax ($6.1 billion)
Big picture: Over 10% of Forbes 400 members own a sports team. But even among these super-rich owners, Ballmer stands in a league of his own.
- The Warriors face questions about the league’s highest salary, but we haven’t heard that the Clippers are just $1 million less.
- The Warriors’ owners are wary of a luxury tax bill that could reach $500 million next year, given that they represent one-third of majority owner Joe Lacob’s net worth.
- For Ballmer, that represents just 0.6% of net worth.
- In fact, he’s spending more ($2 billion) than Lacob’s net worth ($1.5 billion) to personally finance the new arena. Considerable advantage.
To the point: Fans often complain when owners make cost-conscious team-building decisions, but even billionaires have their limits. Well, at least most millionaires.
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