Net Worth: $930 million Owns: Brooklyn Nets One of the wealthiest musicians in the world and one of the most influential on the hip-hop scene, next up is none other than Jay-Z. Despite his wealth from record production and scouting new artists, Jay-Z’s reputation is kind of built on the fact that he’s married to Queen Bey, Beyoncé Knowles.
A New York City native, Shawn Carter began rapping from a young age. Freestyles became mixtapes, mixtapes became albums and then the rest is history. Twenty-two Grammys are surely a testament to his talent! Anyway, Jay-Z owns the Brooklyn Nets, a relative newcomer to the NBA.
Jerry Reinsdorf
Net Worth: $1.6 billion Owns: Chicago Bulls, Chicago White Sox Owner of the Chicago Bulls, next up is Jerry Reinsdorf. Now, he didn’t amass his fortune from sport – rather, he went the old-fashioned route, starting his career in the business world as an IRS tax lawyer. But it was property and real estate which proved the most lucrative for Reinsdorf.
The secret? In the late 70s, Reinsdorf would sell properties and then lease it back, taking advantage of the tax deduction that resulted from the depreciation in value. This clever little maneuver saw Reinsdorf rake in a lot of money. As such, he was able to purchase the Bulls in 1985. He also owns the Chicago White Sox!
Henry Samueli
Net Worth: $4.1 billion Owns: Anaheim Ducks (NHL) One guy who’s got enough money to hire a manager and play with his kids is Henry Samueli. The Buffalo, New York-born Samueli is the owner of the professional hockey team, the Anaheim Ducks. Swapping out New York for the beachside haven of Newport Beach California, he’s now a name in Orange County as a philanthropist.
He owes his fortune to owning Broadcom, Inc., a communications company. The former UCLA engineering professor is also the inventor of more than seventy US patents, and he’s won the Marconi Prize for his innovative communication inventions. Smart, rich and he owns a sports team. And now he can sun himself in Cali. What a life.
James Dolan
Net Worth: $1.5 billion Owns: New York Knicks (NBA) There aren't many teams with a name as memorable as the New York Knicks. The famous NBA team is owned by James Dolan, an American businessman who serves on the board as chairman and CEO of The Madison Square Garden Company.
As well as supervising the company, he also watches over the professional sports teams including the Knicks, Rangers and New York Liberty. So the guy owns one team but manages a few – and consequently, a lot of money passes through his hands every day.
Mark Cuban
Net Worth: $4.1 billion Owns: Dallas Mavericks (NBA) Mark Cuban is an American businessman and investor who owns the NBA’s Dallas Mavericks. He’s also the co-owner of 2929 Entertainment, and he’s the chairman of AXS TV. Fun fact: you’ll probably recognize him as being one of the main “shark” investors on Shark Tank!
But despite his investments in media, entertainment, and sports, he’s certainly no big-name celebrity in the ways of Hollywood. Regardless, he’s a celebrity in the sports-owner world, that’s for sure.