Ballmer’s Ballin’

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Ballmer's Ballin'

Clippers’ Ballmer Second Richest Sports Team Owner in the World

Known for his eccentric and goofy behaviour on the sidelines of Clippers games, Ballmer is a savvy businessman who has cracked the Forbes’ billionaires list for 2019, coming in at No.19, with an estimated net worth of $41.2 billion. Among sports team owners worldwide, he is second on the list, only behind Mukesh Ambani, owner of the Mumbai Indians cricket team of the Indian Premier League.

Ballmer retired as CEO of Microsoft in 2014 after purchasing the Clippers but kept the majority of his shares in the company. For the time being, his full focus is on the Clippers. According to Forbes’ Kurt Badenhausen, Ballmer’s $2 billion purchase of the Clippers has led to his net worth increasing seven percent over the past year.

With his wealth in mind, it’s not surprising that Ballmer has big plans for the Clippers. He has openly talked about opening a new arena in Inglewood for the Clippers, who have for decades shared the Staples Centre with the Lakers; their more illustrious ‘big brother’. He also wants to create a dynasty with the Clippers and attract marquee free agents as soon as this summer.

Rounding out the top five list are: Dietrich Mateschitz, owner of the New York Red Bulls who has a net worth of $18.9 billion. Hasso Plattner, owner of the San Jose Sharks who has a net worth of $13.5 billion and Roman Abramovich, owner of Chelsea FC with a net worth of $12.4 billion.

Other prominent NBA team owners on the list are: Mikhail Prokhorov, owner of the Brooklyn Nets who is in 8thplace. Micky Arison, owner of the Miami Heat in 9thplace and Stanley Kroenke, owner of the Denver Nuggets (among other teams) who rounds out the top 10.

There is no doubt about it, NBA teams are lucrative investments and some of the wealthiest people in the world have recognized this, choosing to wisely invest in franchises.

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