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The 8 Richest Sports Team Owners In The World 2021

The 20 richest controlling owners of professional sports teams have a combined net worth of around $426 billion, which is up 60% from last year. Let’s look at the eight wealthiest owners of professional sports organizations.

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These are the eight wealthiest owners of professional sports clubs, including everything from American basketball teams to Indian cricket teams.

Los Angeles Clippers owner Steve Ballmer s (Mike Windle/Getty Images)

Seventh: David Tepper Assets: $12 billion
Team: Carolina Panthers of the NFL
Hedge fund as a source
Tepper founded the hedge fund Appaloosa Management, which is how he made his riches. After being repeatedly rejected for partnership at Goldman Sachs, he went it alone in 1993. Both the Charlotte FC MLS soccer team and the Carolina Panthers NFL franchise are owned by him. Another interesting tidbit about David Tepper? Out of pure vengeance, he acquired his former Goldman boss’ lovely Hamptons home and demolished it.

Steven Cohen, #6 $14 billion in net worth
New York Mets of MLB.
Hedge fund as a source
Cohen bought a 4% ownership in the New York Mets in 2012. He invested $2.35 billion in September 2020 to raise his ownership interest in the squad to 95%. Cohen signed on with a group that frequently incurs losses. In an average season, the Mets lose roughly $90 million. The Mets suffered losses of more than $200 million in 2020, the year of the purchase and the season affected by the coronavirus outbreak.

#5 Roman Abramovic Earnings: $18 billion
Team: Chelsea FC
Steel/Investments as a source
Due to his participation in both politics and business, Abramovich is a well-known person in both Israel and Russia. The majority of people in the globe are familiar with him as the owner of Chelsea F.C., an English Premier League team. Abramovich has occasionally held the title of richest person in Israel due to his substantial wealth. He is also the 113th richest person in the world and the tenth richest Russian.

Fourth: Dan Gilbert Assets: $40 billion
Cleveland Cavaliers of the NBA
Quicken Loans and Rocket Loans
The founder and CEO of Quicken Loans, Dan Gilbert, is the source of his wealth (originally called Rock Financial). Today, Rocket Companies serves as the parent company for Quicken Loans. In 2019, Rocket made $5.1 billion in sales and slightly under $900 million in net profit. Rocket facilitated the creation of new mortgages worth $124 billion in just the first half of 2020. The Cleveland Cavaliers of the NBA, the Canton Charge of the NBA G League, and the Cleveland Monsters of the American Hockey League are all owned by Gilbert.

Francois Pinault, third Value: $47 billion
Stade Rennais FC is the team.
Source: High-End Goods
The founder and largest stakeholder of the fashion business Kering is Francois Pinault (formerly PPR). Famous fashion brands like Gucci, Stella McCartney, Alexander McQueen, and Yves Saint Laurent are owned by Kering. In addition to Kering, Pinault separately owns Artemis S.A., which owns Converse shoes, Samsonite luggage, Château Latour, the Vail Ski Resort in Colorado, as well as Christie’s auction house.

2nd: Mukesh Ambani $75 billion in net worth
Mumbai Indians, the team (cricket)
Reliance Industries is the source.
With the aid of Fortune 500 business Reliance Industries, Mukesh Ambani was able to amass his wealth. He serves as managing director, chairman, and major shareholder. In 2008, Ambani received the title of “The World’s Richest Sports Team Owner” after he purchased the Indian Premier League cricket team the Mumbai Indians for $111.9 million. In addition, he founded the Indian Super League, an Indian football league.

First: Steve Ballmer Assets: $91 billion
Los Angeles Clippers of the NBA
from Microsoft
The 333.3 million shares of Microsoft stock that Steve Ballmer owns are what make up his total net worth. He has sold $3.4 billion worth of stock and received around $4.5 billion in dividends throughout the years. Ballmer still drives a Ford in memory of his father, a manager at Ford, despite being a multi-billionaire. Ballmer had an interest in purchasing a basketball team ever since he attempted to buy the Seattle Supersonics in 2008 as part of a consortium. He attempted to purchase the Sacramento Kings in 2012. In 2014, when Clippers owner Donald Sterling was given a lifetime suspension from the NBA as a result of a leaked racist discussion, Ballmer would finally have the chance he had been waiting for. When Sterling’s wife lobbied for the sale of the Los Angeles Clippers, Ballmer intervened with a $2 billion bid. Soon later, the bid was approved, and Ballmer took over as the Clippers’ new owner.