America’s Richest Sports Team Owners 2022

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More than 10% of Forbes 400 members own sports teams, including recent buyers Rob Walton and Todd Boehly.

In hindsight, it’s hard to imagine anyone other than Rob Walton buying the Denver Broncos. With an estimated net worth of $56.7 billion, his purchasing power was nearly impossible to match; only 16 other individuals on the planet are richer than the eldest son of the late Walmart founder, Forbes estimates, one of whom is his brother, Jim (worth an estimated $57.9 billion). The $4.65 billion price tag for the Broncos was the most expensive sports team sale in history, and when the deal closed in August, Walton immediately became the richest owner in the NFL.

“The Broncos are the one sports franchise that we would have considered buying,’’ Walton told reporters in August, adding that his son-in-law Greg Penner had started discussing it a decade ago. The truth is investing in any NFL franchise has proven to be wildly successful over the past two decades. Since 1998, when Forbes started publishing sports team valuations, NFL clubs have appreciated nearly 1,500% on average, nearly triple what the S&P 500 has returned investors (including reinvested dividends) over the same period. That trend is likely to continue as the league’s $113 billion in new media rights pacts kicks in.

Sports teams have made a number of rich people into billionaires, including the New England Patriots’ Robert Kraft and Indianapolis Colts Jim Irsay. But these days you practically have to already be a billionaire to buy a team. Forbes 400 newcomer Todd Boehly made a fortune through his investment firm Eldridge before leading a group that shelled out $3.1 billion for soccer club Chelsea from Russian billionaire Roman Abramovich in May.

The richest sports owner in America, for the eighth consecutive year, is Los Angeles Clippers owner Steve Ballmer, who ranks eighth overall on The Forbes 400. The 66-year-old, who led Microsoft as CEO from 2000 to 2014 and still owns shares in the tech giant, is worth an estimated $83 billion. That’s $13.5 billion less than last year due to a drop in the value of Microsoft stock, but he’d be down even more if not for the Clippers. He bought the NBA team in 2014 from embattled former owner Donald Sterling for $2 billion. It’s now the sixth-most valuable NBA club, valued at $3.3 billion.

Rounding out the top five, after Ballmer and Walton, are two hedge fund billionaires and a tech founder. David Tepper claims the No. 3 spot, with an estimated net worth of $18.5 billion. He bought the Carolina Panthers for $2.3 billion in 2018 and has seen the team’s value grow, in concert with the NFL’s skyrocketing media rights, to $3.6 billion. He also owns MLS’ Charlotte FC. Next is Memphis Grizzlies owner Robert Pera, with an estimated net worth of $17.6 billion, much of which comes from his 75% stake in wireless equipment maker Ubiquiti Networks, which he founded and runs as CEO. He bought the Grizzlies for $377 million in 2012 and, despite it being the least valuable franchise in the sport, the club has nearly quadrupled in value and is worth $1.5 billion today. At No. 5 is New York Mets owner Steve Cohen, whose club is headed to the playoffs for the first time since he spent $2.4 billion on the team in 2020. (Forbes estimates the Mets are now worth $2.65 billion.)

One person who has fallen down the ranks is Cleveland Cavaliers owner Dan Gilbert, now the sixth richest sports owner in the nation, down from second a year ago. The Rocket Mortgage founder’s fortune declined by 44%, to an estimated $17.3 billion, after the company’s stock lost half of its value over the past year. Meanwhile, Dallas Cowboys owner Jerry Jones, No. 7, saw the biggest gain. His net worth jumped 76% to an estimated $16 billion thanks to big bets on real estate and natural gas, as well as his Cowboys. Dallas is the most valuable team in the NFL, worth $8 billion this year, up by $1.5 billion from a year ago.

This year’s Forbes 400 includes 50 sports team owners with controlling stakes, up from 43 last year. Seventeen own NFL teams, 14 own NBA franchises, 12 own NHL clubs and 9 are MLB owners. In addition to Walton and Boehly, newcomers include Robert “Woody” Johnson (New York Jets), Joe Mansueto (Chicago Fire FC) and Roger Penske (Team Penske). More than half (28) of these team owners are richer than a year ago, thanks at least in part to their valuable sports franchises.

Here are the sports team owners on the 2022 Forbes 400 list (net worths are as of September 2, 2022):

1.STEVE BALLMER

Team: Los Angeles Clippers
Source of Wealth: Microsoft
Net Worth: $83 Billion (1-YEAR CHANGE: -14%)

2.ROB WALTON

Team: Denver Broncos
Source of Wealth: Walmart
Net Worth: $56.7 Billion (1-YEAR CHANGE: -16.1%)

3.DAVID TEPPER

Team: Carolina Panthers, Charlotte FC
Source of Wealth: Hedge Funds
Net Worth: $18.5 Billion (1-YEAR CHANGE: 17.1%)

4.ROBERT PERA

Team: Memphis Grizzlies
Source of Wealth: Wireless Networking Gear
Net Worth: $17.6 Billion (1-YEAR-CHANGE: -7.4%)

5.STEVE COHEN

Team: New York Mets
Source of Wealth: Hedge Funds
Net Worth: $17.5 Billion (1-YEAR-CHANGE: 9.4%)

6.DANIEL GILBERT

Team: Cleveland Cavaliers
Source of Wealth: Quicken Loans
Net Worth: $17.3 Billion (1-YEAR-CHANGE: -44%)

7.JERRY JONES

Team: Dallas Cowboys
Source of Wealth: Dallas Cowboys
Net Worth: $16 Billion (1-YEAR-CHANGE: 75.8%)

8.STANLEY KROENKE

Team: Los Angeles Rams, Arsenal F.C., Denver Nuggets, Colorado Avalanche, Colorado Rapids
Source of Wealth: Sports, Real Estate
Net Worth: $12.9 Billion (1-YEAR-CHANGE: 20.6%)

9.STEPHEN ROSS

Team: Miami Dolphins
Source of Wealth: Real Estate
Net Worth: $11.6 (1-YEAR-CHANGE: 39.8%)

10.SHAHID KHAN

Team: Jacksonville Jaguars, Fulham F.C.
Source of Wealth: Auto Parts
Net Worth: $11.2 Billion (1-YEAR-CHANGE: 31.8%)

11.PHILIP ANSCHUTZ

Team: Los Angeles Kings, LA Galaxy
Source of Wealth: Investments
Net Worth: $11 Billion (1-YEAR-CHANGE: 1.9%)

12.ROBERT KRAFT

Team: New England Patriots, New England Revolution
Source of Wealth: New England Patriots
Net Worth: $10.6 Billion (1-YEAR-CHANGE: 27.7%)

13.ROCCO COMMISSO

Team: AFC Fiorentina
Source of Wealth; Telecommunications
Net Worth: $7.7 Billion (-8.3%)

14.TILMAN FERTITTA

Team: Houston Rockets
Source of Wealth: Houston Rockets, Entertainment
Net Worth: $7.7 Billion (1-YEAR-CHANGE: 22.2%)

15.ARTHUR BLANK

Team: Atlanta Falcons, Atlanta United
Source of Wealth: Home Depot
Net Worth; $7.6 Billion (1-YEAR-CHANGE: 5.6%)

16.TERRENCE PEGULA

Team: Buffalo Bills, Buffalo Sabres
Source of Wealth: Natural Gas
Net Worth: $6.7 Billion (1-YEAR-CHANGE: 17.5%)

17.HENRY SAMUELI

Team: Anaheim Ducks
Source of Wealth: Semiconductors
Net Worth: $6.7 Billion (1-YEAR-CHANGE: 1.5%)

18.DAVID BONDERMAN

Team: Seattle Kraken
Source of Wealth: Private Equity
Net Worth: $6.5 Billion (1-YEAR-CHANGE: 44.4%)

19.STEPHEN BISCIOTTI

Team: Baltimore Ravens
Source of Wealth: Staffing, Baltimore Ravens
Net Worth: $6.4 Billion (1-YEAR-CHANGE: 12.3%)

20.TED LERNER & FAMILY

Team: Washington Nationals
Source of Wealth: Real Estate
Net Worth: $6.4 Billion (1-YEAR-CHANGE: 36.2%)

21.EDWARD ROSKI

Team: Los Angeles Kings
Source of Wealth: Real Estate
Net Worth: $6.4 Billion (1-YEAR-CHANGE: 4.9%)

22.TOM GORES

Team: Detroit Pistons
Source of Wealth: Private Equity
Net Worth: $6.1 Billion (1-YEAR-CHANGE: 3.4%)

23.ANTONY RESSLER

Team: Atlanta Hawks
Source of Wealth: Finance
Net Worth: $5.8 Billion (-6.5%)

24.JOSHUA HARRIS

Team: Philadelphia 76ers, New Jersey Devils, Crystal Palace
Source of Wealth: Private Equity
Net Worth: $5.7 Billion (1-YEAR-CHANGE: 0%)

25.MICKY ARISON

Team: Miami Heat
Source of Wealth: Carnival Cruises
Net Worth: $5.5 Billion (1-YEAR-CHANGE: -17.9%)

26.WESLEY EDENS

Team: Milwaukee Bucks, Aston Villa
Source of Wealth: Investments
Net Worth: $5.5 Billion (Returnee)

27.TODD BOEHLY

Team: Chelsea F.C.
Source of Wealth: Finance
Net Worth: $5.3 Billion (New)

28.DAN FRIEDKIN

Team: A.S. Roma
Source of Wealth: Toyota Dealerships
Net Worth: $5.2 Billion (1-YEAR-CHANGE: 18.2%)

29.MARK WALTER

Team: Los Angeles Dodgers
Source of Wealth: Finance
Net Worth: $5.2 Billion (1-YEAR-CHANGE: -3.7%)

30.DENISE YORK & FAMILY

Team: San Francisco 49ers
Source of Wealth: San Francisco 49ers
Net Worth: $5.1 Billion (1-YEAR-CHANGE: 27.5%)

31.JIMMY HASLAM

Team: Cleveland Browns, Columbus Crew
Source of Wealth: Gas stations, retail
Net Worth: $5 Billion (1-YEAR-CHANGE: 35.1%)

32.CHARLES B. JOHNSON

Team: San Francisco Giants
Source of Wealth: Money management
Net Worth: $5 Billion (1-YEAR-CHANGE: -10.7%)

33.JOE MANSUETO

Team: Chicago Fire FC
Source of Wealth: Investment research
Net Worth: $5 Billion (1-YEAR-CHANGE: -16.7%)

34.JANICE McNAIR

Team: Houston Texans
Source of Wealth: Energy, sports
Net Worth: $5 Billion (19%)

35.DAN SNYDER

Team: Washington Commanders
Source of Wealth: Washington Commanders
Net Worth: $4.9 Billion (1-YEAR-CHANGE: 22.5%)

36.CHARLES DOLAN & FAMILY

Team: New York Knicks, New York Rangers
Source of Wealth: Cable television
Net Worth: $4.8 Billion (1-YEAR-CHANGE: -14.3%)

37.GAYLE BENSON

Team: New Orleans Saints, New Orleans Pelicans
Source of Wealth: Pro sports teams
Net Worth: $4.7 Billion (1-YEAR-CHANGE: 23.7%)

38.MARK CUBAN

Team: Dallas Mavericks
Source of Wealth: online media, Dallas Mavericks
Net Worth: $4.6 Billion (1-YEAR-CHANGE: 2.2%)

39.JEFFREY LURIE

Team: Philadelphia Eagles
Source of Wealth: Philadelphia Eagles
Net Worth: $4.4 Billion (1-YEAR-CHANGE: 25.7%)

40.MARIAN ILITCH

Team: Detroit Red Wings, Detroit Tigers
Source of Wealth: Little Caesars Pizza
Net Worth: $4.3 Billion (1-YEAR-CHANGE: -2.3%)

41.ARTURO MORENO

Team: Los Angeles Angels of Anaheim
Source of Wealth: Billboards, Angels
Net Worth: $4.1 Billion (1-YEAR-CHANGE: 13.9%)

42.JOHN HENRY

Team: Boston Red Sox, Liverpool F.C., Roush Fenway Racing
Source of Wealth: Sports
Net Worth: $4 Billion (1-YEAR-CHANGE: 11.1%)

43.JEREMY JACOBS SR & FAMILY

Team: Boston Bruins
Source of Wealth: Food Service
Net Worth: $4 Billion (1-YEAR-CHANGE: 33.3%)

44.J. JOE RICKETTS & FAMILY

Team: Chicago Cubs
Source of Wealth: TD Ameritrade
Net Worth: $3.9 Billion (1-YEAR-CHANGE: -4.9%)

45.VINCENT VIOLA

Team: Florida Panthers
Source of Wealth: Electronic trading
Net Worth: $3.6 Billion (1-YEAR-CHANGE: 0%)

46.JAMES IRSAY

Team: Indianapolis Colts
Source of Wealth: Indianapolis Colts
Net Worth: $3.4 Billion (1-YEAR-CHANGE: -2.9%)

47.ROBERT “WOODY” JOHNSON

Team: New York Jets
Source of Wealth: Johnson & Johnson, sports
Net Worth: $3.4 Billion (New)

48.JOHN MIDDLETON

Team: Philadelphia Phillies
Source of Wealth: Tobacco
Net Worth: $3.4 Billion (1-YEAR-CHANGE: 0%)

49.HERB SIMON

Team: Indiana Pacers, Indiana Fever
Source of Wealth: Real Estate
Net Worth: $3.2 Billion (1-YEAR-CHANGE: -5.9%)

50.ROGER PENSKE

Team: Team Penske
Source of Wealth: Cars
Net Worth: $2.7 Billion (N/A)