The Richest NBA Owners in 2022

One of the world’s most well-known professional sports leagues is the NBA. It is the world’s most well-known professional basketball league.

NBA teams cost billions of dollars because of their fame. It takes obscenely wealthy owners since teams are expensive to own. Like Steve Ballmer or Mark Cuban, several of these owners are well-known figures. However, many are pioneers of companies that are still mostly unheard of behind the scenes of their NBA franchises.

The Richest NBA Owners in 2022

Joe Lacob 1.5 Billion 

A well-known NBA owner is Joe Lacob. He is the owner of the Golden State Warriors, led by NBA superstar Stephen Curry, who has led his team to four NBA titles and eight NBA final appearances in the past ten years. Lacob had to sell his minority ownership in the Boston Celtics to fund his $450 million purchase of the Golden State Warriors with a group of investors in 2010. The team is now substantially more valuable. In the most recent season, they also prevailed in the NBA Finals.

Mark Cuban 4.7 billion 

Among NBA owners, Mark Cuban may be the most well-known. He is frequently seen behind the bench cheering for the Dallas Mavericks, making him one of the most passionate and outspoken team owners. He is a television personality, media owner, and American entrepreneur. He is best known for appearing on ABC’s investment reality show Shark Tank.

For $285 million, Mark Cuban acquired the team’s majority ownership in 2000. Over the years of his ownership, Cuban has earned much media attention for his provocative utterances. His heaviest sanction is $600,000.

Joshua Harris $5.6 Billion

The Philadelphia 76’ers, one of the largest and most well-known NMBA teams, is owned by Joshua Harris. The Philadelphia 76ers are a legendary team that has produced some of the best teams and players in the history of the NBA.

He is the managing partner of the Philadelphia 76ers, also known as the Sixers, a team in the NBA.as a member of the Atlantic Division of the Eastern Conference of the league. They have All-Star Center Joel Embiid, a perennial contender for MVP, who is one of the most well-known players in the NBA. The New Jersey Devils of the National Hockey League also have Harris as a managing partner.

Antony Ressler $5.9 Billion

Ressler, born on October 12, 1960, is one of the NBA owners with the most wealth. He is a co-founder of Apollo Global Management and an investor in private equity. Additionally, in 1997, he co-founded Ares Management. Ressler purchased the Atlanta Haws in June 2015 for $850 million with his group, making him the majority and controlling owner.

Tom Gores $6 Billion

Platinum Equity, a private equity firm based in Beverly Hills, California, is owned by Tom Gores, one of the richest businessmen in the United States.

Platinum Equity, a private equity firm based in Beverly Hills, California, is owned by Tom Gores, one of the richest businessmen in the United States.

He owned a 51% stake, while Platinum Equity owned a 49% stake. He later became the sole owner, purchasing the 49% stake from Platinum Equity in 2015.

Gores paid $325 million for the team, which was a good deal at the time.

Micky Arison $6.1 Billion

Israeli-American business magnate Micky Arison is the chairman of Carnival Corporation, the biggest cruise line in the world. In the past, he has served as the company’s CEO. He has held a position on the Board of Governors of the NBA. He also purchased the Miami Heat in 1995.

Joseph Tsai $8.8 Billion

Tsai is a co-founder and the executive vice-chairman of Alibaba Group, a multinational Chinese technology firm. He is the owner of the Brooklyn Nets, an Eastern Conference team that plays in the Atlantic division and is situated in New York City’s neighbourhood.

Tsai also owns the San Diego Seals of the National Lacrosse League and the New York Liberty of the Women’s National Basketball Association (WNBA). In 2018, he acquired 49% of the NBA’s Brooklyn Nets. In 2019, he acquired the remaining 51%.

Ann Walton Kroenke $8.1 Billion

The Walmart fortune belongs to Ann Kroenke. Walmart is worth approximately $429 billion and is one of the largest businesses in the United States. She is married to fellow billionaire Stan Kroenke, who is the majority owner and CEO of multiple sports teams,

Robert Pera $15.9 Billion

Robert Pera, the youngest NBA owner, was born on March 10, 1978. He founded the multinational technology firm Ubiquiti Networks, Inc., which Pera floated in 2011. In October 2012, Michael Heisley purchased the Memphis Grizzlies and became their owner.

Dan Gilbert $18.1 Billion

The owner of the Cleveland Cavaliers is Dan Gilbert. As a co-founder of Quicken Loans, he holds 1.9 billion shares, or almost 70% of the entire corporation.

Gilbert spent a lot of time and energy rehabilitating the Cleveland Cavaliers after buying the team in 2005. The Cleveland Cavalier team ranked 18th in popularity, plays in the NBA’s Eastern Conference Central Division.

Steve Ballmer $88.9 billion

The wealthiest NBA owner is Steve Ballmer, a former CEO of Microsoft. He is the NBA owner with the highest total wealth in history. He is the Los Angeles Clippers owner. Since he purchased it, the worth of this NBA franchise has increased.

Conclusion

Businessmen who have inherited wealth and are purchasing the NBA franchise are the richest owners. Most teams are based in the United States, but some of the league’s biggest names also play in other countries.

Robert Poirrer

Robert Poirrer is a contributing author who covers Hollywood latest movie releases and web series for the MovieThop website. He has a decade of experience in writing movies based articles for numerous renowned media outlets. He is excellent at creating unique content based on emerging trends in a variety of categories especially entertainment, movies and lifestyle. When not writing articles you could find Robert enjoying mountain biking trips with his friends. He graduated in English Literature from North Carolina State University.