Meet the world's richest sports team owners 2019: ForbesBillionaires
The richest sports team owners fared slightly better than billionaires as a whole. The top 20 richest owners featured 13 rising fortunes, two static and five decliners. There are 58 billionaire owners of teams in major sports leagues around the world who are the majority shareholder or managing partner of a team. They collectively own 70 teams and are worth a combined $359 billion.
Ballmer has ramped up his philanthropy since 2014, putting over $2 billion into a donor-advised fund, with a focus on lifting Americans out of poverty. Red Bull owns three sports teams, and all serve as marketing opportunities for the core business. The company owns the New York Red Bulls in MLS, as well as Formula One teams Red Bull Racing and Red Bull Toro Ross Honda.
Notable drop-offs from the rolls of billionaires in sports include Paul Allen, Richard Devos and Tom Benson. The three longtime sports owners, who cumulatively owned five NBA and NFL teams, all died over the past 12 months.
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