![]() Terrence Pegula NET WORTH: $5.1 billion SOURCE OF WEALTH: natural gas TEAM(S): Buffalo Bills, Buffalo Sabresġ7. Joshua Harris NET WORTH: $5.1 billion SOURCE OF WEALTH: private equity TEAM(S): Philadelphia 76ers, New Jersey Devils, Crystal Palaceġ5. Rocco Commisso NET WORTH: $5.5 billion SOURCE OF WEALTH: Telecom TEAM(S): Fiorentinaġ5. Micky Arison NET WORTH: $5.6 billion SOURCE OF WEALTH: Carnival Cruises TEAM(S): Miami Heat 14. ![]() Tom Gores NET WORTH: $5.7 billion SOURCE OF WEALTH: private equity TEAM(S): Detroit Pistonsġ3. Arthur Blank NET WORTH: $6.1 billion SOURCE OF WEALTH: Home Depot TEAM(S): Atlanta Falcons, Atlanta Unitedġ2. ![]() Robert Kraft NET WORTH: $6.6 billion SOURCE OF WEALTH: sports teams TEAM(S): New England Patriots, New England Revolutionġ1. Stephen Ross NET WORTH: $7.2 billion SOURCE OF WEALTH: real estate TEAM(S): Miami Dolphinsġ0. Daniel Gilbert NET WORTH: $7.5 billion SOURCE OF WEALTH: Quicken Loans TEAM(S): Cleveland Cavaliersĩ. Steve Ballmer NET WORTH: $69 billion SOURCE OF WEALTH: Microsoft TEAM(S): Los Angeles Clippersĭan Gilbert Andy Goodwin for Forbes 8. Here are the sports team owners on the 2020 Forbes 400 list. The NFL has the most Forbes 400 members in the ownership suite with 16, followed by the NBA (14) and NHL (nine). Cohen, whose agreement to buy the New York Mets earlier in 2020 blew up, is on the verge of finally buying his childhood team for roughly $2.4 billion. Hedge fund titan Steve Cohen is likely to be part of the richest sports team owners club by this time next year. The longtime Cleveland Cavaliers owner is worth $7.5 billion on The Forbes 400, but his current fortune, as of September 4, is more like $51 billion, ranked 15th among America’s billionaires. Rocket Mortgage, formerly known as Quicken Loans, went public August 6 at a sky-high valuation, to the immense benefit of Daniel Gilbert, who owns the vast majority of the mortgage lender. The values for The Forbes 400 were calculated as of July 24, but one owner’s net worth has surged since then. 37, $2.6 billion) had the biggest fall, with his net worth down 65%, fueled by a coronavirus-induced lower valuation for the family’s venue concessions business, Delaware North. 2, with $13 billion.īoston Bruins owner Jeremy Jacobs (No. Hedge fund titan David Tepper, who bought the Charlotte Panthers in 2018, is sandwiched between Ballmer and Pera at No. The Ubiquiti Networks founder rode a 58% rise in the wireless equipment maker’s share price to rank as the third-richest American team owner. 10, $6.6 billion).īallmer had the biggest dollar gain, but Memphis Grizzlies boss Robert Pera was the winner in percentage terms, up 39% to $10.5 billion. 6, $8.3 billion) and the New England Patriots’ Robert Kraft (No. 5, $8.6 billion), multi-team owner Stanley Kroenke (No. While sports represent a small fraction of Ballmer’s net worth, teams make up more than 60% of the fortunes of guys like Jerry Jones of the Dallas Cowboys (No.
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