Ambani richest sports team owner for second successive year: Forbes

Mukesh Ambani,Indian Premier League,Mumbai Indians,Richest sports team owner,World richest sports team owner
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Indian Premier League team Mumbai Indians owners Mukesh Ambani has retained his position as the richest sports team owner for the second successive year.

The Mumbai Indians, the team to jointly hold the highest number of three IPL titles, might have failed to deliver during the 11th season of the league, but the team owner Mukesh Ambani has made a steady progress.

The Reliance Industries Super Boss has increased his net worth by $ 10 billion – from $ 40.1 billion to $ 50 billion – in the past 12 months as he continues to spearhead the Forbes’ list of World Richest Team Owners. He is the 13th-richest person on the planet, the richest person in India and the richest sports team owner as his net worth has more than doubled over the past two years.

The top 20 richest sports team owners feature 13 rising fortunes, two static and five decliners. There are 58 billionaire owners of teams in major sports leagues around the world who are the majority shareholder or managing partner of a team. They collectively own 70 teams and are worth a combined $359 billion, according to a report published by Forbes.

Los Angeles Clippers owner Steve Ballmer remains the second-richest sports team owner in the world and the wealthiest owner of an American sports team.

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Red Bull billionaire Dietrich Mateschitz is the third-richest team owner, at $18.9 billion. In 1987, he co-founded the company behind the ubiquitous energy drink, which sold 6.8 billion cans last year. Mateschitz’s current stake in the company is 49%.

Rounding out the five richest sports team owners are San Jose Sharks owner Hasso Plattner ($13.5 billion) and Chelsea’s Roman Abramovich ($12.4 billion).

Notable drop-offs from the rolls of billionaires in sports include Paul Allen, Richard Devos and Tom Benson. The three longtime sports owners, who cumulatively owned five NBA and NFL teams, all died over the past 12 months.

Newcomers to the richest sports team owners list include David Tepper and Robert Pera. Tepper, a hedge fund titan and longtime minority shareholder in the Pittsburgh Steelers, bought the Carolina Panthers from Jerry Richardson for $2.3 billion in July (Tepper still needs to divest his share in the Steelers per league rules). After Allen’s death, Tepper is the NFL’s richest NFL owner, at $11.6 billion, and the sixth-richest team owner in the world.

Here are the Top 20 richest Sports Team Owners in the world:

  1. Mukesh Ambani

Net worth: $50 billion
Overall: 13th

Sources of wealth: Petrochemicals, oil & gas

Team: Mumbai Indians

  1. Steve Ballmer

Overall: 19th

Net worth: $41.2 billion

Source of wealth: Microsoft

Team: Los Angeles Clippers

  1. Dietrich Mateschitz

Overall: 53rd

Net worth: $18.9 billion

Source of wealth: Red Bull

Teams: New York Red Bulls, Red Bull Racing, Red Bull Toro Rosso Honda

  1. Hasso Plattner & family

Overall: 94th

Net worth: $13.5 billion

Source of wealth: Software

Team: San Jose Sharks

  1. Roman Abramovich

Overall: 107th

Net worth: $12.4 billion

Sources of wealth: Steel, investments

Team: Chelsea FC

  1. David Tepper

Overall: 118th

Net worth: $11.6 billion

Sources of wealth: hedge funds

Team: Carolina Panthers

  1. Philip Anschutz

Overall: 128th

Net worth: $10.9 billion

Source of wealth: Investments

Teams: Los Angeles Kings, LA Galaxy

  1. Mikhail Prokhorov

Overall: 139th

Net worth: $9.8 billion

Source of wealth: Investments

Team: Brooklyn Nets

  1. Micky Arison

Overall: 162nd

Net worth: $8.9 billion

Source of wealth: Carnival Cruises

Team: Miami Heat

  1. Stanley Kroenke

Overall: 167th

Net worth: $8.7 billion

Sources of wealth: Sports, real estate

Teams: Los Angeles Rams, Arsenal, Denver Nuggets, Colorado Avalanche, Colorado Rapids

  1. Stephen Ross

Overall: 191st

Net worth: $7.6 billion

Source of wealth: Real estate

Team: Miami Dolphins

  1. Robert Pera

Overall: 215th

Net worth: $6.9 billion

Source of wealth: wireless networking gear

Team: Memphis Grizzlies

  1. Jerry Jones

Overall: 224th

Net worth: $6.8 billion

Source of wealth: Dallas Cowboys

Team: Cowboys

  1. Shahid Khan

Overall: 224th

Net worth: $6.8 billion

Source of wealth: Auto parts

Team: Jacksonville Jaguars

  1. Daniel Gilbert

Overall: 233rd

Net worth: $6.7 billion

Source of wealth: Quicken Loans

Team: Cleveland Cavaliers

  1. Robert Kraft

Overall: 244th

Net worth: $6.5 billion

Source of wealth: New England Patriots

Teams: Patriots, New England Revolution

  1. Aiyawatt Srivaddhanaprabha & family

Overall: 290th

Net worth: $5.9 billion

Source of wealth: Duty-free

Team: Leicester City

  1. Charles Johnson

Overall: 355th

Net worth: $5 billion

Source of wealth: Money management

Team: San Francisco Giants

  1. Joe Lewis

Overall: 355th

Net worth: $5 billion

Source of wealth: Investments

Team: Tottenham Hotspur

  1. Ted Lerner

Overall: 365th

Net worth: $4.9 billion

Source of wealth: real estate

Team: Washington Nationals

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