The 15 richest billionaire NBA club owners, and how they made their fortune - Creak News

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The 15 richest billionaire NBA club owners, and how they made their fortune

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  • The 15 richest club owners in the NBA have a combined worth of over $120 billion.
  • Michael Jordan, Mark Cuban, and Robert Pera are amongst them, though they are headed by former Microsoft CEO Steve Ballmer — who is worth an astonishing $51.5 billion.
  • Here is the full list, ranked in ascending order by their individual net worths according to Forbes, as well as an explanation as to how they each made their fortunes. 
  • Visit Business Insider's homepage for more stories.

15: Michael Jordan — Charlotte Hornets ($1.9 billion)

Getty/Streeter Lecka

Age: 56

Nationality: American

How he made his fortune: Need we say? Jordan is the NBA's greatest player of all time having won six championships and been named the league's MVP five times.

Most of his wealth has come from his ventures off the court however, having been endorsed by brands such as Coca-Cola, Gatorade, and McDonald's, as well as co-creating the "Jordan Brand" clothing and shoe range with Nike. 

Titles won as owner: N/a.

 



14: Anthony Ressler — Atlanta Hawks ($2.7 billion)

Getty/Kevin Cox

Age: 59

Nationality: American

How he made his fortune: A former Wall Street worker, Anthony "Tony" Ressler has co-founded two private equity firms, first Ares Management in 1987, followed by Apollo Management three years later.

In 2005 he became a minority owner of MLB side the Milwaukee Brewers, before buying the Atlanta Hawks in 2015 as part of a group that includes former NBA star Grant Hill.

Titles won as owner: N/a.



13: Michael Rubin — Philadelphia 76ers ($2.9 billion)

Matt Slocum/AP

Age: 47

Nationality: American

How he made his fortune: Rubin started his career as a teenager when he opened a ski shop in Pennsylvania, using money from his bar mitzvah, according to People.

After his ski empire grew, Rubin went on to create athletic equipment brand KPR sports, and later e-commerce company, GSI Commerce, which he sold to eBay in 2011 for $2.4 billion. 

Titles won as owner: N/a.

 




See the rest of the story at Business Insider

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