The 29th edition of the annual Forbes Billionaire list was released earlier this week, and the elite community of the world’s richest has expanded to include new members into its ranks. 290 newly certified billionaires were added to the list, shattering the record set in previous years. These examples of wealth accumulation are extraordinary and have been accomplished in a variety of methods such as creating business empires, riding the startup boom, or the old fashioned way, inheritance.
While the accumulated wealth on the list totals over $7 trillion, this list will narrowly focus on those individuals that remain associated with sports. The value of franchises across the world’s major professional sports has skyrocketed in recent years. The world’s super rich attempt to acquire these franchises in an effort to improve their public persona. With a limited number of franchises in each sport, this trend looks like it will continue, especially in the wake of the Donald Sterling fiasco. Following his bigoted views being made public, his franchise, the Los Angeles Clippers, was sold for a whopping $2 billion to Steve Ballmer, causing the value of all NBA teams to jump in value.
The individuals included on this list have made their fortunes thanks to the franchises, properties, and businesses they own associated with sports. The empires that these individuals have built are brimming with thousands, if not millions, of loyal fans that are ready to spend their hard earned money to further increase these owners’ wealth. These teams are investments that almost guarantee a return, because owners always hold the trump card of potentially relocating the franchise. With the NFL flirting with the idea of multiple Los Angeles franchises, several members of this list may see their net worth increasing.
* You can see the entire Forbes list here.
19 Michael Jordan - $1.0 billion
18 Jeffrey Lurie - $1.1 billion
17 T17. Alexander Spanos - $1.3 billion
16 T17. Jerry Reinsdorf - $1.3 billion
15 T14. Arturo Moreno - $1.5 billion
14 T14. Lorenzo Fertitta - $1.5 billion
13 T14. Frank Fertitta, III - $1.5 billion
12 T12. John Henry - $1.6 billion
11 Dan Snyder - $1.7 billion
10 James Irsay - $1.8 billion
9 Tom Benson - $1.9 billion
8 James France - $2.1 billion
7 Robert McNair - $2.4 billion
6 Arthur Blank - $2.5 billion
5 Stephen Bisciotti - $2.7 billion
4 Bernard Ecclestone - $3.9 billion
3 Jerry Jones – $4.2 billion
2 Robert Kraft - $4.3 billon
1 Stanley Kroenke - $6.3 billion
Stan Kroenke is the husband of Wal-Mart heiress Ann Walton. The couple own considerable real estate and financial holdings. Kroenke’s sports empire includes holdings Arsenal, Denver Nuggets, Colorado Avalanche, Colorado Rapids, and the St. Louis Rams. Kroenke is at the center of the NFL potentially moving a team to Los Angeles. Kroenke is the owner of a site, which could soon become home to an 80,000 seat stadium, where he would move the Rams in their return to the city. Although future business moves will likely increase his wealth even further, his $6.3 billion in holdings currently makes him the richest person in the world of sports.
Leave A Comment
Looking for an AD FREE EXPERIENCE on TheSportster?Get Your Free Access Now!