The American business magazine Forbes has released the list of 20 richest sports owners on the planet.
India’s Mukesh Ambani, who owns Indian Premier League franchise Mumbai Indians, with a net worth of $83.4 billion as of March 10, 2023.
With a new worth of $80.7 billion, Los Angeles Clippers’ owner Steve Ballmer is in second place.
“Ambani has reclaimed the top spot from Los Angeles Clippers owner Steve Ballmer. Shares of Ambani’s conglomerate Reliance Industries fell 3% over the past year—but not as much as shares of Microsoft, where Ballmer was CEO from 2000 to 2014. A 13% drop in Microsoft stock pushed Ballmer’s net worth down by $10.7 billion, to $80.7 billion, making him the planet’s second-wealthiest team owner,” Forbes stated.
The 20 richest sports owners are collectively worth $509 billion with soccer being the most represented sport.
“Forbes estimates there are at least 19 billionaires or members of billionaire families with key ownership stakes in MLS teams. This year, LAFC became the league’s first billion-dollar franchise, and with soccer growing in popularity, the fortunes of those invested in the sport could keep climbing. Closely trailing soccer is the NFL, with sevens owners, and the NBA, with five,” the report added.