The National Basketball Association (NBA) is a premier men’s basketball league established in June 1946. It boasts some of the best players globally and is owned by some of the wealthiest individuals.
These owners not only invest in their teams but also have diverse business portfolios that contribute to their vast wealth.
Wealthies NBA Team Holders
Steve Ballmer | Los Angeles Clippers
Steve Ballmer, the former CEO of Microsoft, tops the list of the richest NBA owners. His acquisition of the Los Angeles Clippers in 2014 for $2 billion made headlines, and his business acumen and passion for the game have been evident ever since.
- Full name: Steven Anthony Ballmer
- Date of birth: 24th March 1956
- Age: 66 years
- Place of birth: Detroit, Michigan, United States of America
- Nationality: American
- Team: Los Angeles Clippers
- Net worth: $74.6 billion
Steve Ballmer’s net worth is a staggering $74.6 billion as of 2022. Apart from his tenure at Microsoft, his ownership of the Los Angeles Clippers has significantly contributed to his wealth. His leadership style and commitment to the team have been commendable, making him not just the richest but also one of the most influential NBA owners.
Personal Insights: Steve Ballmer is renowned for his energetic and enthusiastic leadership style. He often emphasizes the importance of data-driven decision-making and continuous improvement, both in his time at Microsoft and as the Clippers’ owner.
Quote: “I believe in setting ambitious goals and working relentlessly to achieve them. It’s the same approach I brought to Microsoft, and it’s how I approach my role as owner of the Clippers.”
Interview Excerpt: In an interview with Forbes, Ballmer stated, “Owning an NBA team is about more than just winning championships; it’s about creating a positive impact in the community and providing fans with an unforgettable experience.”
2. Jody Allen | Portland Trail Blazers
- Full name: Jo Lynn Allen
- Date of birth: 1959
- Age: 63 years
- Place of birth: Seattle, Washington, United States of America
- Nationality: American
- Team: Portland Trail Blazers
- Net worth: $20.3 billion
Jody Allen’s net worth stands at an impressive $20.3 billion. Apart from the Trail Blazers, she also owns the NFL’s Seattle Seahawks. Her business acumen and dedication to sports make her one of the most influential figures in the NBA.
Personal Insights: Jody Allen’s leadership style reflects her commitment to maintaining her late brother Paul Allen’s legacy. She places a strong emphasis on sustainability and philanthropy, aligning the team’s values with broader social and environmental goals.
Quote: “The Trail Blazers are not just a basketball team; they are a force for good in our community. We want to win, but we also want to make a difference.”
Interview Excerpt: In an interview with The Oregonian, Jody Allen stated, “Paul’s love for the Blazers was deep, and I am honored to continue his legacy. Our focus is on building a championship-caliber team and creating lasting positive change.”
3. Robert Pera | Memphis Grizzlies
Robert Pera is the founder and CEO of Ubiquiti Networks, a wireless equipment manufacturer. His involvement in the NBA began with his purchase of the Memphis Grizzlies, and he has since been a significant figure in the league.
- Full name: Robert J. Pera
- Date of birth: 10th March 1978
- Age: 44 years
- Place of birth: United States of America
- Nationality: American
- Team: Memphis Grizzlies
- Net worth: $16.1 billion
With a net worth of $16.1 billion, Robert Pera is one of the youngest and wealthiest NBA owners. His business ventures outside the NBA have been successful, and his commitment to the Memphis Grizzlies has been evident in the team’s performance and management.
Personal Insights: Robert Pera is known for his hands-on approach to team management. He values innovation and is open to adopting unconventional strategies to achieve success, both on and off the court.
Quote: “In the tech world, you have to adapt quickly to stay competitive. The same applies to the NBA. We’re constantly exploring new ways to enhance the fan experience and improve our performance.”
Interview Excerpt: In an interview with ESPN, Pera stated, “Owning the Grizzlies is not just a business venture; it’s a passion. We want to build a team that Memphians can be proud of.”
4. Daniel Gilbert | Cleveland Cavaliers
Daniel Gilbert, the co-founder of Quicken Loans, America’s largest mortgage lender, is a prominent figure in both the business and sports worlds. His ownership of the Cleveland Cavaliers has been marked by significant investments in the team and the community.
- Full name: Daniel Gilbert
- Date of birth: 17th January 1962
- Age: 60 years
- Place of birth: Detroit, Michigan, United States of America
- Nationality: American
- Team: Cleveland Cavaliers
- Net worth: $15.7 billion
Daniel Gilbert’s net worth is a commendable $15.7 billion. Apart from his ventures in the mortgage industry, he has diversified his portfolio with investments in various sectors, including the tech industry with StockX, an online sneaker sale platform. His commitment to the Cavaliers and the city of Cleveland is evident in his community initiatives and the team’s success.
Personal Insights: Daniel Gilbert is known for his resilience and commitment to the city of Cleveland. He values loyalty and hard work, traits that have shaped his leadership style with the Cavaliers.
Quote: “Cleveland is a city of champions, and we’re committed to keeping that legacy alive. We want to bring more championships to this great city.”
Interview Excerpt: In an interview with The Plain Dealer, Gilbert stated, “Owning the Cavs is a dream come true. We’re focused on building a championship culture and making a positive impact in Northeast Ohio.”
5. Ann Walton Kroenke | Denver Nuggets
Ann Walton Kroenke, an heir to the Walmart fortune, is a significant figure in the sports industry. Along with her husband, Stan Kroenke, she owns multiple sports teams, with the Denver Nuggets being one of their prized possessions.
- Full name: Ann Walton Kroenke
- Date of birth: 18th December 1948
- Age: 73 years
- Place of birth: United States of America
- Nationality: American
- Team: Denver Nuggets
- Net worth: $8.6 billion
With a net worth of $8.6 billion, Ann Walton Kroenke is one of the wealthiest women in sports. Apart from the Nuggets, the Kroenke family owns teams like the Los Angeles Rams, Colorado Rapids, Colorado Avalanche, and the Arsenal Football Club. Their influence in the sports world is vast, and their commitment to excellence is evident in the performance of their teams.
Personal Insights: Ann Walton Kroenke’s leadership style is characterized by a commitment to excellence and a global perspective. She values teamwork and collaboration, both within her sports portfolio and her business ventures.
Quote: “Sports have the power to unite people from all walks of life. We want the Nuggets to represent the best of Denver and inspire the next generation of athletes.”
Interview Excerpt: In an interview with The Denver Post, Kroenke stated, “The Nuggets are a source of pride for Colorado. We’re dedicated to building a championship team and giving back to the community.”
6. Tilman Fertitta | Houston Rockets
- Full name: Tilman Joseph Fertitta
- Date of birth: 25th June 1957
- Age: 65 years
- Place of birth: Galveston, Texas, United States of America
- Nationality: American
- Team: Houston Rockets
- Net worth: $7.9 billion
Tilman Fertitta’s net worth is an impressive $7.9 billion. He owns the Golden Nugget Casinos and Landry’s, Inc. His business acumen is evident in his ventures, and his ownership of the Rockets has been marked by significant investments in the team’s success.
Personal Insights: Tilman Fertitta is known for his hands-on approach to team management. He values a strong work ethic and entrepreneurial spirit, which he brings from his business ventures to the Rockets.
Quote: “Success in business and in sports requires a hunger to win. We’re not here to participate; we’re here to win championships.”
Interview Excerpt: In an interview with CNBC, Fertitta stated, “Owning the Rockets is a dream come true. We’re focused on delivering an exciting brand of basketball to Houston fans and competing at the highest level.”
7. Micky Arison | Miami Heat
Micky Arison, the chairman of Carnival Corporation, the world’s largest cruise operator, has been steering the Miami Heat with the same precision he manages his fleet of cruise ships. Under his leadership, the Heat has seen some of its most glorious moments, including multiple NBA championships.
- Full name: Micky Meir Arison
- Date of birth: 29th June 1949
- Age: 73 years
- Place of birth: Tel Aviv, Israel
- Nationality: American-Israeli
- Team: Miami Heat
- Net worth: $7.8 billion
Micky Arison’s leadership of the Miami Heat has been nothing short of legendary. With Pat Riley at the helm and stars like Dwyane Wade, LeBron James, and Chris Bosh gracing the court, the Arison era has been golden for the Heat. His business strategies, combined with a deep passion for basketball, have made the Miami Heat a force to reckon with in the NBA.
Personal Insights: Micky Arison’s leadership with the Miami Heat is marked by a strong sense of loyalty and family. He values consistency and stability, evident in his long-standing commitment to the team.
Quote: “The Heat is more than just a team; it’s a family. We’re dedicated to maintaining the Heat culture and delivering championship basketball to our fans.”
Interview Excerpt: In an interview with the Miami Herald, Arison stated, “Winning is in our DNA. It’s not just about the trophies; it’s about the journey and the passion we bring to every game.”
8. Joshua Harris | Philadelphia 76ers
Private equity titan Joshua Harris co-founded Apollo Global Management and brought his financial acumen to the Philadelphia 76ers. Since acquiring the team, Harris has been instrumental in its resurgence, making the 76ers a powerhouse in the Eastern Conference.
- Full name: Joshua J. Harris
- Date of birth: 12th February 1965
- Age: 57 years
- Place of birth: Bethesda, Maryland, United States of America
- Nationality: American
- Team: Philadelphia 76ers
- Net worth: $6.5 billion
Under Harris’s ownership, the 76ers have embraced the “Trust the Process” mantra, which has seen them draft young talents like Joel Embiid and Ben Simmons. Harris’s commitment to building a championship-caliber team is evident, and Philly fans have every reason to be optimistic about the future.
Personal Insights: Joshua Harris brings his financial acumen to the 76ers, but his leadership style is also marked by a dedication to fostering a culture of innovation and growth within the team.
Quote: “The 76ers are a symbol of resilience and determination. We’re investing in the future and working to create a winning legacy.”
Interview Excerpt: In an interview with Bloomberg, Harris stated, “Philadelphia is a city of champions, and we’re committed to delivering another championship to this passionate fan base.”
9. Mark Cuban | Dallas Mavericks
Mark Cuban, the charismatic entrepreneur, and Shark Tank star is perhaps one of the most recognizable NBA owners. His passion for the game and his team, the Dallas Mavericks, is palpable every time he’s courtside, cheering, and sometimes even arguing calls with referees.
- Full name: Mark Cuban
- Date of birth: 31st July 1958
- Age: 64 years
- Place of birth: Pittsburgh, Pennsylvania, United States of America
- Nationality: American
- Team: Dallas Mavericks
- Net worth: $5.9 billion
Cuban’s tenure as the Mavericks’ owner has been marked by innovation and a relentless pursuit of excellence. Under his watch, the Mavs secured their first NBA championship in 2011, led by Dirk Nowitzki. Cuban’s forward-thinking approach, be it in embracing analytics or in player welfare, has made the Mavericks a model franchise in the NBA.
Personal Insights: Mark Cuban’s ownership of the Dallas Mavericks reflects his entrepreneurial spirit and willingness to challenge the status quo. He values transparency and fan engagement.
Quote: “The Mavericks are a platform for innovation. We’re embracing technology and analytics to build a team that competes at the highest level.”
Interview Excerpt: In an interview with ESPN, Cuban stated, “Owning the Mavs is a constant learning experience. We’re here to disrupt, innovate, and, of course, win.”
10. Tom Gores | Detroit Pistons
Tom Gores, founder of the private equity firm Platinum Equity, has been the driving force behind the Detroit Pistons since he acquired the team in 2011. With a keen business sense and a passion for revitalizing the Motor City, Gores has been instrumental in the Pistons’ recent endeavors.
- Full name: Tom Gores
- Date of birth: 31st July 1964
- Age: 58 years
- Place of birth: Nazareth, Israel
- Nationality: American
- Team: Detroit Pistons
- Net worth: $5.7 billion
Under Gores’ leadership, the Pistons have made significant strides both on and off the court. His commitment to Detroit’s community is evident in the team’s move back to downtown Detroit with the state-of-the-art Little Caesars Arena. With a focus on building a competitive team and enhancing fan experience, Gores has reinvigorated the Pistons’ legacy.
Personal Insights: Tom Gores’ leadership with the Detroit Pistons emphasizes a deep commitment to the city of Detroit. He values community engagement and revitalizing the Motor City.
Quote: “The Pistons are a symbol of Detroit’s resilience. We’re investing in the team and the community to create a brighter future.”
Interview Excerpt: In an interview with Detroit Free Press, Gores stated, “Detroit has a rich sports history, and we’re working to add another chapter to it with the Pistons.”
11. Joe Tsai | Brooklyn Nets
Joe Tsai, co-founder of the e-commerce giant Alibaba, brought his global perspective to the NBA when he became the owner of the Brooklyn Nets. With a vision of making the Nets a global brand, Tsai’s influence has been transformative.
- Full name: Joseph Chung-Hsin Tsai
- Date of birth: 1st January 1964
- Age: 58 years
- Place of birth: Taipei, Taiwan
- Nationality: Taiwanese-Canadian
- Team: Brooklyn Nets
- Net worth: $5.5 billion
Tsai’s ownership has seen the Brooklyn Nets rise to prominence, especially with the acquisition of superstars like Kevin Durant and James Harden. His emphasis on embracing diversity and fostering international relations has positioned the Nets as one of the NBA’s most exciting teams to watch, both in terms of gameplay and global outreach.
Personal Insights: Joe Tsai brings a global perspective to the Brooklyn Nets, emphasizing diversity and inclusivity. He values the power of sports in uniting people across borders.
Quote: “The Nets are more than a team; they’re a bridge between cultures. We’re building a global brand that resonates with fans worldwide.”
Interview Excerpt: In an interview with CNBC, Tsai stated, “Owning the Nets is a privilege. We’re committed to delivering an exciting brand of basketball to Brooklyn and beyond.”
12. Gayle Benson | New Orleans Pelicans
Gayle Benson, after the passing of her husband Tom Benson, took over the reins of the New Orleans Pelicans. As one of the few female owners in the NBA, her leadership has been marked by resilience, community engagement, and a commitment to excellence.
- Full name: Gayle Marie LaJaunie Bird Benson
- Date of birth: 26th January 1947
- Age: 75 years
- Place of birth: New Orleans, Louisiana, United States of America
- Nationality: American
- Team: New Orleans Pelicans
- Net worth: $3.3 billion
Gayle Benson’s stewardship of the Pelicans has been commendable. With a focus on community engagement, she has ensured that the team remains an integral part of New Orleans’ fabric. The drafting of young superstar Zion Williamson and the team’s ongoing development under her watch signal exciting times ahead for Pelicans fans.
Personal Insights: Gayle Benson’s leadership with the New Orleans Pelicans reflects her dedication to maintaining the team’s place in the heart of New Orleans. She values community and unity.
Quote: “The Pelicans are a source of pride for New Orleans. We’re investing in the team and our community to create a brighter future.”
Interview Excerpt: In an interview with NOLA.com, Benson stated, “New Orleans is a unique city, and we want the Pelicans to be a reflection of its spirit and resilience.”
13. Glen Taylor | Minnesota Timberwolves
- Full name: Glen A. Taylor
- Date of birth: 20th April 1941
- Age: 81 years
- Place of birth: Springfield, Minnesota, United States of America
- Nationality: American
- Team: Minnesota Timberwolves
- Net worth: $3 billion
Taylor’s leadership of the Timberwolves has been marked by a deep commitment to the Minnesota community. While the team has faced its challenges on the court, Taylor’s dedication to building a competitive roster and enhancing the fan experience remains unwavering. His recent efforts to revamp the team’s front office and coaching staff signal a new era for the Wolves.
Personal Insights: Glen Taylor’s leadership with the Minnesota Timberwolves is characterized by his strong sense of loyalty and commitment to the team. He values patience and believes in the power of building a winning culture from the ground up.
Quote: “Success with the Timberwolves is not just about immediate results; it’s about laying the foundation for lasting success. We’re building a team for the long haul.”
Interview Excerpt: In an interview with Star Tribune, Taylor stated, “Minnesota is home, and the Timberwolves are a reflection of the state’s spirit. We’re working to create a team that Minnesotans can be proud of.”
14. Antony Ressler | Atlanta Hawks
- Full name: Antony P. Ressler
- Date of birth: 16th July 1959
- Age: 63 years
- Place of birth: Washington, D.C., United States of America
- Nationality: American
- Team: Atlanta Hawks
- Net worth: $3 billion
Under Ressler’s ownership, the Hawks have undergone a significant transformation. The team’s recent success in the playoffs, led by young star Trae Young, is a testament to Ressler’s vision and commitment. Off the court, his focus on community engagement and fan experience has redefined the Hawks’ brand, making them one of the most exciting teams in the Eastern Conference.
Personal Insights: Antony Ressler’s leadership with the Atlanta Hawks reflects his commitment to innovation and fan engagement. He values teamwork and the importance of building a strong organization from top to bottom.
Quote: “The Hawks are more than just a basketball team; they’re a source of inspiration for Atlanta. We’re investing in the future and building a winning culture.”
Interview Excerpt: In an interview with the Atlanta Journal-Constitution, Ressler stated, “Atlanta is a city with a rich sports history, and we’re working to make the Hawks a central part of that history.”
15. Jeanie Buss | Los Angeles Lakers
Jeanie Buss, daughter of the legendary Jerry Buss, has seamlessly taken over the reins of the iconic Los Angeles Lakers. As one of the most influential women in sports, her leadership has been marked by a deep understanding of the game and a commitment to maintaining the Lakers’ legacy.
- Full name: Jeanie Marie Buss
- Date of birth: 26th September 1961
- Age: 61 years
- Place of birth: Santa Monica, California, United States of America
- Nationality: American
- Team: Los Angeles Lakers
- Net worth: $500 million
Jeanie Buss’s tenure as the Lakers’ owner has seen the team return to its championship-winning ways. Her decision to bring in key figures like LeBron James and Anthony Davis has solidified the Lakers’ position as title contenders. Buss’s leadership style, which emphasizes collaboration and respect, has made her one of the most respected figures in the NBA.
Personal Insights: Jeanie Buss’s ownership of the Los Angeles Lakers reflects her deep understanding of the team’s legacy. She values tradition, collaboration, and the importance of preserving the Lakers’ iconic status.
Quote: “The Lakers are a symbol of excellence, and we’re committed to upholding that legacy. We’re not just a team; we’re a tradition.”
Interview Excerpt: In an interview with the Los Angeles Times, Buss stated, “The Lakers are a family, and we want our fans to feel like a part of that family. Our goal is to deliver championship basketball and unforgettable moments.”
16. Marc Lasry | Milwaukee Bucks
Marc Lasry, co-founder of Avenue Capital Group, took the reins of the Milwaukee Bucks in 2014. With a sharp business mind and a clear vision for the team, Lasry has been pivotal in the Bucks’ rise to prominence in recent years.
- Full name: Marc Lasry
- Date of birth: 30th September 1959
- Age: 63 years
- Place of birth: Marrakech, Morocco
- Nationality: American
- Team: Milwaukee Bucks
- Net worth: $1.8 billion
Under Lasry’s leadership, the Bucks have transformed into one of the top teams in the Eastern Conference. The development of Giannis Antetokounmpo into an MVP and the team’s 2021 NBA Championship win are testaments to Lasry’s commitment and vision. His focus on building a strong team culture and investing in player development has set the Bucks on a path of sustained success.
Personal Insights: Marc Lasry’s leadership with the Milwaukee Bucks reflects his willingness to adapt and innovate. He values the importance of analytics and building a winning team with a global perspective.
Quote: “Success in the NBA is about staying ahead of the curve. We’re embracing change and exploring new ways to win.”
Interview Excerpt: In an interview with the Milwaukee Journal Sentinel, Lasry stated, “Milwaukee is a city with a rich sports heritage, and we’re determined to add to that legacy with the Bucks.”
17. Vivek Ranadivé | Sacramento Kings
Founder of TIBCO Software became the majority owner of the Sacramento Kings in 2013. With a vision of making the Kings a global brand and a commitment to innovation, Ranadivé’s influence has been transformative.
- Full name: Vivek Yeshwant Ranadivé
- Date of birth: 7th October 1957
- Age: 65 years
- Place of birth: Mumbai, India
- Nationality: American
- Team: Sacramento Kings
- Net worth: $700 million
Under Ranadivé’s leadership, the Kings have embraced a forward-thinking approach, from investing in analytics to building the state-of-the-art Golden 1 Center. His global perspective and emphasis on community engagement have redefined the Kings’ brand, positioning them as one of the most innovative teams in the NBA.
Personal Insights: Vivek Ranadivé’s leadership with the Sacramento Kings is marked by innovation and a global perspective. He values the importance of technology and community engagement.
Quote: “The Kings are more than just a basketball team; they’re a platform for innovation. We’re connecting with fans locally and globally.”
Interview Excerpt: In an interview with the Sacramento Bee, Ranadivé stated, “Sacramento is a vibrant community, and we’re determined to make the Kings a source of pride for the city.”
18. Ted Leonsis | Washington Wizards
- Full name: Theodore John Leonsis
- Date of birth: 8th January 1957
- Age: 65 years
- Place of birth: Brooklyn, New York, United States of America
- Nationality: American
- Team: Washington Wizards
- Net worth: $1.1 billion
Leonsis’s tenure with the Wizards has been marked by a commitment to building a competitive team and enhancing the overall fan experience. His investments in the team’s infrastructure, including the state-of-the-art Capital One Arena, and his focus on community initiatives have solidified the Wizards’ place in the heart of Washington, D.C.
Personal Insights: Ted Leonsis’s ownership of the Washington Wizards reflects his commitment to innovation and fan engagement. He values transparency and building a strong community.
Quote: “The Wizards are more than just a team; they’re a source of inspiration for Washington, D.C. We’re investing in the future and delivering exciting basketball.”
Interview Excerpt: In an interview with The Washington Post, Leonsis stated, “Washington, D.C. is a diverse and passionate city, and we’re working to make the Wizards a reflection of its spirit.”
19. Clay Bennett | Oklahoma City Thunder
Clay Bennett, chairman of the Professional Basketball Club LLC, became the principal owner of the Oklahoma City Thunder in 2008. Under his leadership, the Thunder has emerged as one of the premier franchises in the NBA, known for its player development and community engagement.
- Full name: Clayton Ike Bennett
- Date of birth: 24th November 1959
- Age: 63 years
- Place of birth: Oklahoma City, Oklahoma, United States of America
- Nationality: American
- Team: Oklahoma City Thunder
- Net worth: $400 million
Bennett’s leadership of the Thunder has been transformative. The team’s move from Seattle to Oklahoma City and its subsequent success, including a trip to the NBA Finals in 2012, are testaments to Bennett’s vision and commitment. His emphasis on fostering a strong team culture and his dedication to the Oklahoma community have made the Thunder a model franchise in the NBA.
Personal Insights: Clay Bennett’s leadership with the Oklahoma City Thunder reflects his deep connection to the team’s roots. He values community engagement and the importance of maintaining strong ties to the Oklahoma community.
Quote: “The Thunder represents the heart of Oklahoma. We’re committed to building a team that embodies the resilience and spirit of our community.”
Interview Excerpt: In an interview with The Oklahoman, Bennett stated, “Oklahoma City is a city with a strong sense of pride, and we want the Thunder to be a source of that pride.”
FAQ
How are NBA team owners chosen?
NBA team owners are typically individuals or groups who purchase a majority stake in an NBA franchise. The NBA Board of Governors must approve any potential owner or ownership group to ensure they meet the league’s financial and ethical standards.
Do NBA team owners make a profit from their teams?
Yes, many NBA team owners make a profit from their teams through ticket sales, merchandise, broadcasting rights, and other revenue streams. However, profitability can vary based on team performance, market size, and other factors.
Can players become team owners?
Yes, retired NBA players can become team owners. Michael Jordan is a notable example, having become the majority owner of the Charlotte Hornets.
How do team valuations compare to other sports leagues?
The NBA is one of the most valuable sports leagues globally, with many of its teams valued in the billions. While it’s comparable to the NFL in terms of team valuations, it generally surpasses other leagues like the NHL and MLB.
What responsibilities do NBA team owners have?
Owners are responsible for the overall management and direction of the team, including hiring executives, approving budgets, and making significant team decisions. They also represent the team in league matters.
Final Words
The NBA is not just a league of talented athletes but also a business platform where billionaires and influential figures invest and grow their portfolios. The owners play a pivotal role in shaping the direction of the teams, both on and off the court. Their diverse backgrounds, from tech moguls to self-made entrepreneurs, add a unique flavor to the league, making it a global phenomenon.
