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ANKUSH
09-22-2011, 10:45 PM
http://aol.sportingnews.com/nba/story/2011-09-22/12-nba-owners-on-forbes-400

Here’s where NBA owners rank on the list, as well as reported net worth.

No. 23 Paul Allen, Portland TrailBlazers, $13.2 billion

No. 60 Richard DeVos, Orlando Magic, $5 billion

No. 75 Mickey Arison, Miami Heat, $4.2 billion

No. 107 Stan Kroenke, Denver Nuggets, $3.2 billion

No. 159 Tom Gores, Detroit Pistons, $2.5 billion

N0. 171 Mark Cuban, Dallas Mavericks, $2.3 billion

No. 242 Glen Taylor, Minnesota Timberwolves, $1.8 billion

No. 273, Herb Simon, Indiana Pacers, $1.6 billion

No. 293, Dan Gilbert, Cleveland Cavaliers, $1.5 billion

No. 293, Michael Heisley, Memphis Grizzlies, $1.5 billion

No. 293, Donald Sterling, Los Angeles Clippers, $1.5 billion

No. 309, Joshua Harris., Philadelphia 76ers, $1.45 billion



I find it interesting that neither of the two big market teams' (Lakers and Knicks) owners are listed. The Celtics and Bulls' owners aren't listed either. So, the less accomplished owners make more money than the more successful, big market owners?

jkiddvc20
09-22-2011, 10:48 PM
This list is not correct Mikhail Prokhorov the Nets owner is the wealthiest

asandhu23
09-22-2011, 10:50 PM
Warriors' owners aren't the richest but they outbid Larry Ellison which is insane

pd7631
09-22-2011, 10:59 PM
http://aol.sportingnews.com/nba/story/2011-09-22/12-nba-owners-on-forbes-400

Here’s where NBA owners rank on the list, as well as reported net worth.

No. 23 Paul Allen, Portland TrailBlazers, $13.2 billion

No. 60 Richard DeVos, Orlando Magic, $5 billion

No. 75 Mickey Arison, Miami Heat, $4.2 billion

No. 107 Stan Kroenke, Denver Nuggets, $3.2 billion

No. 159 Tom Gores, Detroit Pistons, $2.5 billion

N0. 171 Mark Cuban, Dallas Mavericks, $2.3 billion

No. 242 Glen Taylor, Minnesota Timberwolves, $1.8 billion

No. 273, Herb Simon, Indiana Pacers, $1.6 billion

No. 293, Dan Gilbert, Cleveland Cavaliers, $1.5 billion

No. 293, Michael Heisley, Memphis Grizzlies, $1.5 billion

No. 293, Donald Sterling, Los Angeles Clippers, $1.5 billion

No. 309, Joshua Harris., Philadelphia 76ers, $1.45 billion



I find it interesting that neither of the two big market teams' (Lakers and Knicks) owners are listed. The Celtics and Bulls' owners aren't listed either. So, the less accomplished owners make more money than the more successful, big market owners?

Not from their basketball teams they don't.

Meatmypet
09-22-2011, 11:00 PM
James Dolan should be on that list somewhere too, I believe...

Johann
09-22-2011, 11:25 PM
This list is not correct Mikhail Prokhorov the Nets owner is the wealthiest

Its Forbe 400: richest in america.

asandhu23
09-22-2011, 11:28 PM
Thread title is misleading.

Chill_Will_24
09-22-2011, 11:37 PM
Thread title is very misleading.. Mikhail Prokhorov is worth as little as 18 billion and as much as 26 billion

gwrighter
09-22-2011, 11:38 PM
Maple Leaf Sports & Entertainment's majority owner has a net worth of 107 billion. (Ontario Teachers Pension Plan)

asandhu23
09-22-2011, 11:39 PM
Thread title is very misleading.. Mikhail Prokhorov is worth as little as 18 billion and as much as 26 billion

no. only 13.6 bill. Larry Ellison is 27 bill. He will probably buy either Hornets or the Kings and move them to San Jose close to where he lives.

asandhu23
09-22-2011, 11:42 PM
Maple Leaf Sports & Entertainment's majority owner has a net worth of 107 billion. (Ontario Teachers Pension Plan)

********. No person in the world has that much money.

Carlos Slim Helu, the world's richest man has 53.5 bill.

http://www.forbes.com/lists/2010/10/billionaires-2010_Carlos-Slim-Helu-family_WYDJ.html

Chill_Will_24
09-22-2011, 11:50 PM
no. only 13.6 bill. Larry Ellison is 27 bill. He will probably buy either Hornets or the Kings and move them to San Jose close to where he lives.

Depends where you look. Ive seen it estimated as low as 18billion by one report and as much as 26 on another one.. either way he isnt on the list that the OP posted so the title of the thread should be changed

gwrighter
09-22-2011, 11:52 PM
********. No person in the world has that much money.

Carlos Slim Helu, the world's richest man has 53.5 bill.

http://www.forbes.com/lists/2010/10/billionaires-2010_Carlos-Slim-Helu-family_WYDJ.html

it's an investment group, not a singular person. in fact, the money belongs to all of the public school teachers that we have here in ontario. It's like their 401k. Why the raptors don't have the most expensive payroll in the NBA I do not know.

Gators123
09-22-2011, 11:57 PM
I'm so happy Tom Gores bought the Pistons.

sunnydayin'zona
09-23-2011, 12:00 AM
This list is not correct Mikhail Prokhorov the Nets owner is the wealthiest

Not true...Paul Allen is one of the wealthiest people alive

TheNumber37
09-23-2011, 12:02 AM
This list is flawed. Normally, I blindly believe forbes, but the first thing I noticed was no Prokhorov. Also, I recently read that Cuban was in the 5 bil range

Geargo Wallace
09-23-2011, 12:24 AM
Net Worth don't mean ishhhh

Chill_Will_24
09-23-2011, 12:33 AM
Net Worth don't mean ishhhh

Exactly! I read a report posted on the Nets forum about Mikhail Prokhorov where he stated he didnt know how much money he actually had cuz he said he doesnt keep count. The report said Forbes is misleading because they dont take everything into account.

For example Prokhorov has large stocks in gold and with the price of gold growing exponentially in the last 5 years and still growing the report stated his fortune could be in the 28-30 billion range but nobody knows because Prokhorov is very secretive about his fortune. Some suggest thats because there is dirty money involved. Im trying to find the link now

beasted86
09-23-2011, 02:26 AM
Not from their basketball teams they don't.

This is all that's important, and the reason many owners feel the need to lockout the players.

There are a lot of newer owners who had well established wealth before they bought an NBA team.

Evolution23
09-23-2011, 10:39 AM
I need some of that cash. Actually I need a dollar cause I wana make it in America.

PrettyBoyJ
09-23-2011, 10:53 AM
http://aol.sportingnews.com/nba/story/2011-09-22/12-nba-owners-on-forbes-400

Here’s where NBA owners rank on the list, as well as reported net worth.

No. 23 Paul Allen, Portland TrailBlazers, $13.2 billion

No. 60 Richard DeVos, Orlando Magic, $5 billion

No. 75 Mickey Arison, Miami Heat, $4.2 billion

No. 107 Stan Kroenke, Denver Nuggets, $3.2 billion

No. 159 Tom Gores, Detroit Pistons, $2.5 billion

N0. 171 Mark Cuban, Dallas Mavericks, $2.3 billion

No. 242 Glen Taylor, Minnesota Timberwolves, $1.8 billion

No. 273, Herb Simon, Indiana Pacers, $1.6 billion

No. 293, Dan Gilbert, Cleveland Cavaliers, $1.5 billion

No. 293, Michael Heisley, Memphis Grizzlies, $1.5 billion

No. 293, Donald Sterling, Los Angeles Clippers, $1.5 billion

No. 309, Joshua Harris., Philadelphia 76ers, $1.45 billion


I find it interesting that neither of the two big market teams' (Lakers and Knicks) owners are listed. The Celtics and Bulls' owners aren't listed either. So, the less accomplished owners make more money than the more successful, big
market owners?

Owners net worth have nothing to do with their team success they have other sources of income owning a team for some owners is just another thing to show off to their billionaire friends... No owner depends on their team to pay their bills

ANKUSH
09-23-2011, 05:44 PM
....

ANKUSH
09-23-2011, 05:49 PM
Owners net worth have nothing to do with their team success they have other sources of income owning a team for some owners is just another thing to show off to their billionaire friends... No owner depends on their team to pay their bills

I understand your statement, but for the Lakers' Jerry Buss, his primary investment (or largest) is that of the Lakers....For years, Buss has benefited from lucrative television deals and with the newest contract in the billions, the Lakers are his (and his family's) greatest source of income. It's been that way since he bought them.


that's why I find this article interesting. What I see is that if for a owner the team represents a major stake of his daily livelihood, then that owner will invest the right amount of time and money to really make it a successful venture......for some of the richer owners, owning an NBA team might not be about passion...

IBleedPurple
09-23-2011, 11:43 PM
http://aol.sportingnews.com/nba/story/2011-09-22/12-nba-owners-on-forbes-400

I find it interesting that neither of the two big market teams' (Lakers and Knicks) owners are listed. The Celtics and Bulls' owners aren't listed either. So, the less accomplished owners make more money than the more successful, big market owners?

I wonder since the Lakers aren't owned fully by one person, if that eliminates them from the list or not. For instance, Magic Johnson owned a share until a year or two ago.

bmd1101
09-24-2011, 03:13 AM
http://aol.sportingnews.com/nba/story/2011-09-22/12-nba-owners-on-forbes-400

Here’s where NBA owners rank on the list, as well as reported net worth.

No. 23 Paul Allen, Portland TrailBlazers, $13.2 billion

No. 60 Richard DeVos, Orlando Magic, $5 billion

No. 75 Mickey Arison, Miami Heat, $4.2 billion

No. 107 Stan Kroenke, Denver Nuggets, $3.2 billion

No. 159 Tom Gores, Detroit Pistons, $2.5 billion

N0. 171 Mark Cuban, Dallas Mavericks, $2.3 billion

No. 242 Glen Taylor, Minnesota Timberwolves, $1.8 billion

No. 273, Herb Simon, Indiana Pacers, $1.6 billion

No. 293, Dan Gilbert, Cleveland Cavaliers, $1.5 billion

No. 293, Michael Heisley, Memphis Grizzlies, $1.5 billion

No. 293, Donald Sterling, Los Angeles Clippers, $1.5 billion

No. 309, Joshua Harris., Philadelphia 76ers, $1.45 billion



I find it interesting that neither of the two big market teams' (Lakers and Knicks) owners are listed. The Celtics and Bulls' owners aren't listed either. So, the less accomplished owners make more money than the more successful, big market owners?

The NBA isn't how these guys got rich, for example at the top of the list Paul Allen, makin his money with Microsoft. The Blazers and Seahawks are kinda neat play toys for him. ^^


Exactly! I read a report posted on the Nets forum about Mikhail Prokhorov where he stated he didnt know how much money he actually had cuz he said he doesnt keep count. The report said Forbes is misleading because they dont take everything into account.

For example Prokhorov has large stocks in gold and with the price of gold growing exponentially in the last 5 years and still growing the report stated his fortune could be in the 28-30 billion range but nobody knows because Prokhorov is very secretive about his fortune. Some suggest thats because there is dirty money involved. Im trying to find the link now


Um, do you know the definition of exponentially? You watch to many infomercials. I think since 2006 the gold price has doubled, maybe a little more but its been goin down quick lately. Very long way from exponentially though.

Stack_NJNets
09-24-2011, 12:49 PM
Thread title is very misleading.. Mikhail Prokhorov is worth as little as 18 billion and as much as 26 billion

His house deposit in 2010 was enough to pay KD's, Stoudemire's, and Dwyane Wade's contracts. :speechless: Prokhorov is the NBA's richest owner.

ANKUSH
09-24-2011, 05:32 PM
I wonder since the Lakers aren't owned fully by one person, if that eliminates them from the list or not. For instance, Magic Johnson owned a share until a year or two ago.

That is true. The Lakers are not entirely owned by the Buss family. In fact I think it is in the 50% range (I think). There are plenty of minority owners. Magic Johnson no longer owns a stake, but his contribution was in the 1-5% net value area....His stake was recently bought by a Los Angeles physician. The other percentage is largely owned by AEG and Tim Leiweike (sp?), I believe. However, this is a familiar pattern in the NBA. Very few owners actually own 100% of the team.