The Richest Sports Team Owners in the World in 2021 – an Overview

The Richest Sports Team Owners in the World in 2021 – an Overview

The past year saw a new personality becoming the richest owner in the sporting arena. Indian industrialist Mukesh Ambani overtook Steve Ballmer, the Microsoft CEO, and led The richest sports team owners globally. His cricket team, Mumbai Indians, plays in the Indian Premier League and has been the champions for the last two years. The personal net worth of Mukesh Ambani doubled to $84.5 billion after his flagship company, Reliance Industries market value increased more than 85 % making him the richest club owner in the world in 2021.

Steve Ballmer, the last year no 1, who owns the basketball team, Los Angeles Clippers, saw his fortunes grow with his net worth valued at $68.7 billion, up from $52.7 billion. But this was not enough to keep pace with Ambani.

The bar gets higher Since 2020, the entry bar for getting into the list of richest sports team owners has gone up dramatically, with billionaire wealth showing record growth. The top 20 owners of sports teams globally have a combined net worth of $427 billion in 2021, a growth of over 60% over 2020 despite empty stadiums and sporting arenas.

Covid-19 did not dampen the spirit of sports fans or prevent major deals from happening. A hedge fund billionaire, Steve Cohen, got the approval of a $2.4 billion purchase of the New York Mets baseball team. This deal enabled him to earn a place in the world’s richest sports owners for the first time in 2021.

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