The LA Clippers finished ninth in the Western Conference and lost in the NBA play-in tournament, but their owner is sticking to his guns. Steve Ballmer is the richest owner in professional sports for the eighth year in a row.
Ballmer's net worth is estimated to be $82 billion. Ballmer is the eighth richest person in the world despite a drop in Microsoft's stock price. He became the sports world's richest owner after buying the Clippers.
The richest owners list is dominated by football owners.
The owner of the Denver Broncos is second on the list. An estimate of the heir's worth is over 50 billion dollars.
We would have considered buying the Broncos. The bidding started in the middle of the day. Excellent team and fan base.
Buying an NFL team seems to be a good idea. According to Forbes, six of the world's 10 most valuable franchises are pro football teams, and their valuations have increased 1,500% since 1998.
Dan Gilbert dropped from second to sixth in the rankings. The company he founded and owns lost half of its stock valuation.
The owner of the Dallas Cowboys, Jerry Jones, saw his net worth grow the most this year. Jones has a net worth of $16 billion. His wealth comes from his investments in oil drilling opportunities and the Cowboys. Forbes says that the team is the most valuable sports franchise in the world.
David Tepper is an owner of a football team. Steve Cohen is the owner of the New York Mets. The Washington Nationals are the only baseball team owned by two people in the top 20.
Forbes has a list of the 400 richest people in the world.