Richest owners of sports teams worldwide in 2024
Owning a professional sports team has come to be a status symbol among the mega rich. In 2024, Steve Ballmer, owner of the Los Angeles Clippers, had a net worth of over 121 billion U.S. dollars, making him the richest sports team owner worldwide. Ballmer, who served as the chief executive officer of Microsoft for 14 years, became the Los Angeles Clippers owner in 2014, purchasing the franchise for around two billion U.S. dollars.
What is the most valuable sports empire?
With an estimated valuation of over 20 billion U.S. dollars, Liberty Media was the most valuable sports empire worldwide as of 2023. Originally founded as a media corporation, the company acquired ownership stakes in Formula One as well as the MLB franchise Atlanta Braves. In 2022, the company was also recognized among the largest media corporations in the world.
Los Angeles Clippers
The Los Angeles Clippers are a basketball franchise in the National Basketball Association (NBA). Based in Los Angeles, the professional basketball team competes in the Western conference of the NBA. In the 2022/23 season, a total of almost 721 thousand fans attended Clippers games at the Crypto.com Arena, generating gate receipts of about 51 million U.S. dollars that season. The franchise value of the Los Angeles Clippers increased by nearly 20 percent in 2023 over the previous year.
