America’s Richest Sports Team Owners 2023

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Forbes

Business News, News, Entrepreneurship, Business

4.8 • 6 Ratings

🗓️ 28 October 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

When Jerry Jones bought the Dallas Cowboys in 1989, he spent $150 million on a franchise then-considered to be a financial mess. “I didn't sleep,” he told Forbes of that time of his life. But the gamble paid off. Jones turned around America’s Team, won three Super Bowls and transformed the Cowboys into the most valuable sports franchise on the planet, worth an estimated $9 billion. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	The top 20 sports team owners on this year's Forbes 400 list are worth a collective $282 billion.
0:07.0	And for most, the NFL, NBA, and MLB remain a lucrative side hustle. Hi everybody, I'm Brittany Lewis with Forbes Breaking News.
0:19.0	Joining me now as my colleague Senior Sports Money reporter, Justin Birnbaum.
0:23.0	Justin, thanks for coming in.
0:24.0	Thanks for having me, Brittany.
0:25.0	And I want to extend a big congratulations.
0:27.0	The Forbes 400 officially dropped,
0:29.0	and that list gives us the definitive ranking of the top wealthiest people in this country,
0:34.8	and among that group you compiled the 20 richest sports owners.
0:38.3	So tell me Dustin, who topped the list?
0:41.0	It's going to be no surprise. This year it is Steve Balmer, who is the owner of the
0:45.0	NBA's Los Angeles Clippers once again. He is worth an estimated $101 billion
0:49.4	mainly comes from Microsoft stock. He used to be the CEO of Microsoft and it's an exciting time for the clippers.
0:56.0	They still haven't won a championship during his tenure but he's getting ready to open a brand new arena.
1:01.0	I'm curious, is Steve Balmer the only owner whose fortune is
1:05.1	mostly outside of his sports assets. So within this group 16 attribute more than
1:10.2	50% of their net worth to things outside of their sports assets and when you look at the top five it's a pretty clear cut example here.
1:17.6	Obviously you have Walmart number one, then at number two is Rob Walton, the Walmart Air who now owns the Denver Broncos and he can
1:24.2	contribute plenty of his fortune to his Walmart stock. And number three is Dan
1:27.5	Gilbert who owns the Cleveland Cavaliers and he founded Rocket Companies so his
1:31.9	fortunes tied up in there.
1:33.1	And then you have two hedge fund guys at 4 and 5
	...

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