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This article is a list of principal owners of National Basketball Association teams. The NBA requires a change in "controlling ownership" to be approved by the NBA Board of Governors, composed of one representative (Governor) from each team. [1] Toronto Raptors owner Larry Tanenbaum has been Chairman of the NBA Board of Governors since 2017. [2]
With an estimated net worth of $4.3 billion, Mark Cuban is not the richest NBA owner, but he is one of the most famous and outspoken. In 1995, he co-founded Broadcast.com, an early video portal.
As of December 2024, Forbes estimated his net worth at US$23.3 billion making him 87th richest person [3] and according to Bloomberg Billionaires Index, with an estimated net worth of US$27.4 billion, he is the 71st richest individual in the world.
Basketball Fans: The Richest NBA Owners GOBankingRates referenced Forbes’ most recent MLB, NFL and NBA team valuations, along with a variety of sources to find each team owner’s net worth.
In June 2011, Gores and Platinum Equity became the owners of the National Basketball Association's Detroit Pistons. He became the sole owner in 2015. As of July 2024, his net worth was estimated at $9.1 billion. [4]
The Memphis Grizzlies were the least valuable NBA franchise at $3.06 billion, but Sportico notes that is 127% more than what the cheapest NBA team was worth four years ago.
6× NBA champion (as owner) 1991 ... his net worth was estimated at US$2.2 billion. ... The World Series victory made him only the third owner in the history of North ...
The valuations are composed of the monetary worth of the sport, market, stadium deals, and brand. [1] These areas are supported by applying financial metrics such as debt and operating income to each one. [2] The latest ranking reported that the Golden State Warriors is the most valuable NBA franchise after the 2021–22 NBA season. [3]