Hedge fund titan Steve Cohen is likely to be part of the richest sports team owners club by this time next year. The longtime Cleveland Cavaliers owner is worth $7.5 billion on The Forbes 400, but his current fortune, as of September 4, is more like $51 billion, ranked 15th among America’s billionaires. Rocket Mortgage, formerly known as Quicken Loans, went public August 6 at a sky-high valuation, to the immense benefit of Daniel Gilbert, who owns the vast majority of the mortgage lender. The values for The Forbes 400 were calculated as of July 24, but one owner’s net worth has surged since then. 37, $2.6 billion) had the biggest fall, with his net worth down 65%, fueled by a coronavirus-induced lower valuation for the family’s venue concessions business, Delaware North. 2, with $13 billion.īoston Bruins owner Jeremy Jacobs (No. Hedge fund titan David Tepper, who bought the Charlotte Panthers in 2018, is sandwiched between Ballmer and Pera at No. The Ubiquiti Networks founder rode a 58% rise in the wireless equipment maker’s share price to rank as the third-richest American team owner. 10, $6.6 billion).īallmer had the biggest dollar gain, but Memphis Grizzlies boss Robert Pera was the winner in percentage terms, up 39% to $10.5 billion. ![]() 6, $8.3 billion) and the New England Patriots’ Robert Kraft (No. 5, $8.6 billion), multi-team owner Stanley Kroenke (No. ![]() While sports represent a small fraction of Ballmer’s net worth, teams make up more than 60% of the fortunes of guys like Jerry Jones of the Dallas Cowboys (No.
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