More than 10% of Forbes 400 members own sports teams, including recent buyers Rob Walton and Todd Boehly. Forbes400
n hindsight, it’s hard to imagine anyone other than Rob Walton buying the Denver Broncos. With an estimated net worth of $56.7 billion, his purchasing power was
“The Broncos are the one sports franchise that we would have considered buying,’’ Walton told reporters in August, adding that his son-in-law Greg Penner had started discussing it a decade ago. The truth is investing inForbes Sports teams have made a number of rich people into billionaires, including the New England Patriots’ Robert Kraft and Indianapolis Colts Jim Irsay. But these days you practically have to already be a billionaire to buy a team. Forbes 400 newcomer Todd Boehly made a fortune through his investment firm Eldridge before leading a group that shelled out $3.1 billion for soccer club Chelsea from Russian billionaire Roman Abramovich in May.
Rounding out the top five, after Ballmer and Walton, are two hedge fund billionaires and a tech founder. David Tepper claims the No. 3 spot, with an estimated net worth of $18.5 billion. He bought the Carolina Panthers for $2.3 billion in 2018 and has seen the team’s value grow, in concert with the NFL’s skyrocketing media rights, to $3.6 billion. He also owns MLS’ Charlotte FC. Next is Memphis Grizzlies owner Robert Pera, with an estimated net worth of $17.
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