Sep 16, 2013, 12:47 PM EDT
If you’re part of the one percent, an NBA team can make a nice toy.
At least it seems that way after Forbes released its list of the 400 richest Americans on Monday and the list contains 14 NBA owners, something pointed out by Darren Rovell of ESPN. By the way, to answer your first question it is still Bill Gates. As it has been for two decades now.
At the top of the list of wealthy NBA team owners Microsoft co-founder Paul Allen, who owns the Trail Blazers (as well as the Seattle Seahawks of the NFL) and is worth $15.8 billion.
The other owners on the list are: Richard DeVos (Orlando Magic, $6.3 billion), Micky Arison (Miami Heat, $5.9 billion), Stan Kroenke (Denver Nuggets, $5.3 billion), Dan Gilbert (Cleveland Cavaliers, $3.9 billion), Charles Dolan (New York Knicks, $3.3 billion), Tom Gores (Detroit Pistons, $2.7 billion), Mark Cuban (Dallas Mavericks $2.5 billion), Josh Harris (Philadelphia 76ers, $2.5 billion), Robert Pera (Memphis Grizzlies, $1.95 billion), Herb Simon (Indiana Pacers, $1.95 billion), Donald Sterling (Los Angeles Clippers, $1.9 billion), Glen Taylor (Minnesota Timberwolves, $1.7 billion), and Tom Benson (New Orleans Pelicans, $1.3 billion).
Because this is a list of Americans Nets owner Mikhail Prokhorov is not on it. However, if he were he would still be second to Allen, Forbes has estimated Prokhorov’s wealth at $13.5 billion. He’s just more willing to spend it on the luxury tax than anyone else.
Interesting note: Phil Knight, the chairman of Nike and one of the more powerful figures in NBA circles because of his shoes, is richer than any NBA owner. Knight is worth $16.3 billion, according to Forbes. It’s gotta be the shoes! (Also, that is really good news for University of Oregon athletics.)
Mar 31, 2015, 9:00 PM EDT
“Not what I envisioned coming into this season. But I’m here and ready to conquer this journey.” —Kevin Durant
Mar 31, 2015, 7:59 PM EDT
Which is easier to insult, the Lakers or Justin Bieber?
Mar 31, 2015, 7:20 PM EDT
Harrell a potential lottery pick, Rozier a potential first rounder
Mar 31, 2015, 6:29 PM EDT
It’s impossible to ever really define and entire large city in one bit of writing. But this story comes as close to defining the intricate relationship of San Antonio with the Spurs as you are going to see.
Mar 31, 2015, 5:38 PM EDT
Redick, who once looked like a bust given oversized expectations, playing big role for surging Clippers
Mar 31, 2015, 4:56 PM EDT
This was fun frustration
Mar 31, 2015, 3:44 PM EDT
Knicks fans should be patient with this season. Optimistic… that’s a tough sell.
Mar 31, 2015, 2:59 PM EDT
LeBron names his three, and says after that he has ‘a bunch of teammates.’
Mar 31, 2015, 2:00 PM EDT
It had been hoped that Beverley might be available to return later in the postseason.
Mar 31, 2015, 1:20 PM EDT
Mar 31, 2015, 12:40 PM EDT
We already knew Durant was done for the season, but the Thunder have updated his status.
Mar 31, 2015, 12:00 PM EDT
Green is trying to downplay rivalry with Clippers coach, and is dealing with inflammation in his shins.
Kyrie Irving on his relationship with LeBron James: ‘I don’t want to say it’s not been rocky at all’
Mar 31, 2015, 11:20 AM EDT
Things are clicking now in Cleveland, but it wasn’t that way at the beginning of the season.
Flip Saunders (sort of) makes up with Jazz broadcaster after ripping him for saying Timberwolves were tanking
Mar 31, 2015, 10:40 AM EDT
Interaction ended with a handshake, but it seemed evident Saunders remained displeased.
Mar 31, 2015, 10:00 AM EDT
Hornets were fighting for a playoff spot, but their big free agent acquisition sat on the bench.
Mar 31, 2015, 9:20 AM EDT
Team has nothing left to play for, and Cousins has some nagging injuries.
Mar 31, 2015, 8:40 AM EDT
Great win — except for the fact that it may help cost the Lakers their draft pick this summer.
Mar 31, 2015, 8:00 AM EDT
In a season where Kyle Korver’s three point shooting has at times seemed inhuman this may be his best shooting display.
Mar 31, 2015, 1:38 AM EDT
Also, is Kyle Korver human?
Mar 31, 2015, 12:30 AM EDT
He won’t replace Wesley Matthews, but he’s another body.
- Stop judging J.J. Redick by his Duke days if you haven’t already 2
- Thunder say Kevin Durant underwent successful bone graft surgery, will return in 4-6 months 4
- Five Things We Learned in NBA Monday: DeMar DeRozan went Harden on Harden 12
- Derrick Rose returns to full-contact practice, Bulls return date still unknown 13
- Report: Sacramento consultant Chris Mullin to take St. John’s head coaching job 4
- PBT Extra: Taking twitter questions on Clippers, Michael Carter-Williams, more 7
- PBT’s NBA Power Rankings: Cream rising to top as playoffs near 27
- Report: Patrick Beverley out for rest of season, including playoffs 8