The National Basketball Association is a multi billion dollar industry. All of the team owners are very rich and ownership of the team only serves to make them richer if performance is going well and fans are turning out for the games. We’ve researched the Forbes list of wealthiest sports team owners to arrive at a list of the top ten richest NBA owners ranking in the highest valuation of net worth for your enjoyment.
10. James Dolan – $1.9 billion
James Dolan is the owner of the New York Knicks. He is the founder as well as the Chair for the Madison Square Garden company. Mr. Dolan is reputed for his skills at mismanagement but with a value of $1.9 billion, he still has to be doing something right. The team has been on a losing streak that dates back approximately a decade and many point the finger towards James Dolan and the way that he has managed the team.
9. Mark Cuban – $3.2 billion
Mark Cuban is the ninth richest NBA owner and his team is the Dallas Mavericks. The net worth of his team is estimated to be at $3.2 billion. He’s actively involved in promoting the team with blogs that discuss technical aspects of the game. He entered the world of sports club ownership in the year 2000.
8. Tom Gores – $3.9 billion
Tom Gores is the owner of the Detroit Pistons. He is in charge of the management of over 25 companies. He is currently the CEO and Chair of the Board of Directors of Platinum Equity. He is an avid sports enthusiast and Tom Gores remains active in promoting the best interests of the team, as well as enjoying very much his involvement in the sport. The valuation of the Detroit Pistons is currently at $3.9 billion
7. Richard Devos – $4.7 billion
Richard Devos is the owner of the Orlando Magic. He has a profound love for baseball and this is why he is so involved with the ownership and management of the team. Mr. Devos and his entire family are involved with all aspects of the execution and the operation of the Orlando Magic and in essence, he has turned it into a family affair.
6. Dan Gilbert – $4.9 billion
Dan Gilbert is the founder and the Chairman of the huge financial institution Quicken Loans. He is the current chairman of the Cleveland Cavaliers. The team has set remarkable attendance records and they are currently ranked in second place in the NBA for achieving this milestone. Mr. Gilbert is an active shareholder in multiple sports related organizations.
5. Micky Arison – $7.1 billion
Micky Arison was appointed as the chair of the largest global cruise operations. He is also an owner of the Miami heat, which has an estimated valuation of $7.1 billion. Arison is actively involved with the team and many credit his management skills and his careful reshaping of the team to achieve excellence, for the winning streak in which they earned 3 championships recently.
4. Mikhail Prokhorov – $7.6 billion
Mikhail Prokhorov is the owner of the Brooklyn Nets team. Since assuming ownership of the team, they have reached the sky with their successes. Mr. Prokhorov is the founder of the company ONEXIM Group and he is a leading stakeholder in a variety of Russian companies involving power, banking, aluminum and insurance.
Photo via Jeremy Nicholl
3. Stanley Kroenke $7.7 billion
Stanley Kroenke is the owner of the Denver Nuggets. He is actively involved in maximizing the full potential of the team and is highly regarded for his management and inspirational skills in this arena. Mr. Kroenke is also the owner of the Colorado Rapids, the Colorado Mammoth, the Colorado Avalanche and he’s the largest stakeholder of Arsenal League.
*2. Paul Allen – $17.5 billion
Paul Allen was the owner of the Portland Trail Blazers as well as the Seattle Seahawks and the Seattle Sounders. He’s one of the wealthiest men in America. The former high school dropout founded the Microsoft Corporation with his partner Bill Gates. His net worth was estimated at $17.5 billion. Sadly Allen passed away from cancer not too long ago.
1. Steve Ballmer $44.5 billion
Steve Ballmer is the owner of the Los Angeles Clippers. He is the Wealthiest NBA team owner currently. His estimated net wealth is $44.5 billion making him the richest in our list. Mr. Ballmer is a former CEO of the Microsoft Corporation.