Here are the 20 richest sports team owners net worths are as of March 5, 2021. Now the largest mortgage lender in the United States, Quicken went public as Rocket Companies at a massive $36 billion valuation in August 2020, catapulting Gilbert up the ranks of the world’s richest billionaires. He’s worth an estimated $51.9 billion, a nearly 700% increase from last year thanks to the company he cofounded in 1985, Quicken Loans. The biggest gainer on the list this year-in both dollar and percentage terms-is, by far, Dan Gilbert, the billionaire mortgage tycoon and owner of the NBA’s Cleveland Cavaliers. Blank also brought professional soccer to the city with his Major League Soccer team Atlanta United FC, which played its inaugural season in 2017. After stepping down as co-chairman of the retail giant in 2001, he purchased the Atlanta Falcons football team the following year for $545 million (now worth nearly $1.9 billion net of debt, according to Forbes’ estimates). That deal has earned Cohen a spot on the list of the world’s richest sports team owners for the first time.Īnother notable newcomer: billionaire Home Depot cofounder Arthur Blank. Hedge fund billionaire Steve Cohen, for example, finally won approval from Major League Baseball for his roughly $2.4 billion purchase of the New York Mets in October 2020. Of course, Covid-19 hasn’t curbed fans’ appetite or stopped major deals from happening.
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