With a net worth of $83.4 billion, Mukesh Ambani, the owner of the cricket team Mumbai Indians, has been named the richest sports owner in the “Forbes Billionaire 2023” list. As the richest person in the world, he has surpassed Steve Ballmer, owner of the Los Angeles Clippers.
The share price of Ambani’s business, Reliance Industries, fell by 3% during the prior year, but not as much as Microsoft, where Ballmer presided as CEO from 2000 to 2014. With 8 people holding shares in 10 teams, football has the largest representation among the 20 wealthiest owners. Significant ownership stakes in an MLS franchise are held by 19 billionaires or members of wealthy families. The NBA has five owners, whereas the NFL has seven.
Based on the Forbes Billionaires List, the following is a list of the top 20 businesspeople in the world who also own sports franchises:
- Mukesh Ambani, owner of the IPL franchise Mumbai Indians, is the chairman of RIL and is thought to have an estimated net worth of $83.4 billion.
- Former Microsoft CEO Steve Ballmer is the owner of the Los Angeles Clippers and is thought to have an estimated net worth of $80.7 billion.
- Rob Walton (Denver Broncos): The Walmart heir is reported to be worth $57.6 billion and is the owner of the Denver Broncos.
- François Pinault and family (Stade Rennais FC): The owner of the luxury conglomerate Kering purchased Stade Rennais FC, a team in French Ligue 1. François Pinault and his family are worth a total of $40.1 billion.
- Mark Mateschitz, the son of Red Bull founder Dietrich Mateschitz, is the owner of the New York Red Bulls, RB Leipzig, and Red Bull Racing. Mark Mateschitz has a net worth of $34.7 billion.
- James Ratcliffe (OGC Nice): In 2019, the chairman and founder of INEOS bought the Ligue 1 team OGC Nice. His total wealth is $22.9 billion.
- Masayoshi Son (Fukuoka SoftBank Hawks): A Japanese billionaire with a $22.4 billion net worth is the owner of the Fukuoka SoftBank Hawks.
- David Tepper, owner of the Carolina Panthers and Charlotte FC, is a business magnate with an estimated net worth of $18.5 billion.
- Cleveland Cavaliers owner Daniel Gilbertx has a net worth of $18 billion and is the creator of Quicken Loans and StockX.
- Steve Cohen (New York Mets): Steve Cohen, a multibillionaire with a $17.5 billion net worth, is the owner of the New York Mets.
- Robert Pera (Memphis Grizzlies): In 2012, the creator and CEO of the company that makes wireless technology, Ubiquiti Networks, bought the Memphis Grizzlies. His net wealth is $15.5 billion.
- Jerry Jones (Dallas Cowboys): An American billionaire with a $13.3 billion net worth, Jerry Jones is the owner of the Dallas Cowboys.
- Stanley Kroenke, owner of the Denver Nuggets, Los Angeles Rams, Colorado Avalanche, Arsenal FC, and Colorado Rapids is a sports tycoon with a $12.9 billion fortune.
- Shahid Khan (Jacksonville Jaguars, Fulham FC): In addition to the Jacksonville Jaguars, Khan also co-owns All Elite Wrestling and the Premier League team Fulham FC with his son Tony. He is worth $12.1 billion in total.
- Owner of the Miami Dolphins and possessor of a $11.6 billion fortune is Stephen Ross.
- LA Galaxy and Los Angeles Kings owner Philip Anschutz: Anschutz is the owner of the Los Angeles Kings and LA Galaxy and has a net worth of $10.9 billion.
- Robert Kraft (New England Patriots, New England Revolution): Robert Kraft is the owner of the New England Patriots and the New England Revolution. His estimated net worth is $10.6 billion.
- John Malone (Atlanta Braves): The $9.2 billionaire John Malone is the owner of the Atlanta Braves.
- The $8.6 billion German billionaire Hasso Plattner and his family are the San Jose Sharks’ owners.
- Tilman Fertitta, owner of the Houston Rockets, is a multibillionaire with an estimated net worth of $8.1 billion.