Field Level Media
29 Sep 2022, 01:25 GMT+10
Even an infusion of Walmart money couldn't knock Los Angeles Clippers owner Steve Ballmer off his lofty perch.
For the eighth straight year, Ballmer is No. 1 on the Forbes list of richest sports team owners, released Tuesday. Forbes pegs Ballmer's net worth as of Wednesday at $78.6 billion, making him the 11th-richest person in the world.
But the list has a new No. 2.
Rob Walton, an heir to the Walmart fortune, surpassed Carolina Panthers owner David Tepper for that spot. Walton and his ownership group bought the Denver Broncos in August for $4.65 billion, a record price for a North American sports franchise.
Walton's net worth is $56.6 billion, making him the 17th-richest person in the world. Immediately above and below him on the list are his siblings, each of whom inherited stakes in Walmart from their father, store founder Sam Walton.
Ballmer, a retired Microsoft executive, paid $2 million when he bought the Clippers from Donald Sterling in 2014.
Six of the 10-richest owners have NFL ties.
Ballmer and Walton are followed on the list by Tepper (Panthers, $18.5 billion), Steve Cohen (New York Mets ($17.5 billion) and Robert Pera (Memphis Grizzlies, $17.3 billion). Tepper and Cohen made their fortunes in hedge funds, Pera through wireless networking equipment.
Pera was listed as No. 4 on the list Tuesday, but he flipped spots with Cohen on Wednesday as Forbes tracks the real-time net worth of billionaires.
Rounding out the top 10 are Dan Gilbert (Cleveland Cavaliers, $15.9 billion), Jerry Jones (Dallas Cowboys, $15.6 billion), Stan Kroenke (Los Angeles Rams, Arsenal FC, Denver Nuggets, Colorado Avalanche, Colorado Rapids, $12.9 billion), Stephen Ross (Miami Dolphins, $11.6 billion) and Shahid Khan (Jacksonville Jaguars, Fulham FC, $10.7 billion).
--Field Level MediaGet a daily dose of Los Angeles Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Los Angeles Herald.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
SAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...