Sep 16, 2013, 12:47 PM EST
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.)
Nov 27, 2014, 3:30 PM EST
Celtics forward in final year of contract
Nov 27, 2014, 2:00 PM EST
Clifford has benched Stephenson for consecutive fourth quarters
Nov 27, 2014, 12:30 PM EST
Suns guard drives for reverse slam, cuts for monstrous alley-oop
Nov 27, 2014, 11:00 AM EST
Very nice gesture
Nov 27, 2014, 9:30 AM EST
He missed seven games with a hamstring injury.
Nov 27, 2014, 8:00 AM EST
Beal’s max extension projects to pay more than $118 million over five years
Nov 27, 2014, 1:37 AM EST
LeBron James and the Cavaliers were good, Chase Budinger had the flub.
Nov 27, 2014, 12:28 AM EST
Ish Smith will stay on the roster.
Nov 27, 2014, 12:01 AM EST
If the Cavs can defend like that on a regular basis they will be far more dangerous.
Nov 26, 2014, 10:45 PM EST
Bulls, Pacers, Bucks, Pistons to Western Conference
Nov 26, 2014, 9:15 PM EST
He also talks Milwaukee, doing away with conferences.
Nov 26, 2014, 8:15 PM EST
With Popovich out, Ettore Messina takes over Spurs
Nov 26, 2014, 8:00 PM EST
Maverick shows off long arms
Nov 26, 2014, 7:00 PM EST
Harden shifts defensive-woes attention onto Knicks forward
Nov 26, 2014, 6:00 PM EST
Haywoode Workman should have let it fly
Nov 26, 2014, 4:59 PM EST
You have to like that he wants to step up, but based on history, a lot of top point guards in the league just started drooling.
Nov 26, 2014, 3:55 PM EST
Don’t forget to be thankful for the Raptors, too.
Nov 26, 2014, 3:02 PM EST
Nov 26, 2014, 2:02 PM EST
Suns have three capable guards, and Thomas is the one coming off the bench.
Nov 26, 2014, 1:15 PM EST
Anthony was in severe pain after suffering back spasms on Monday against the Rockets.
- PBT’s Wednesday NBA Winners/Losers: Ettore Messina making history for Spurs 1
- LeBron James, Cavaliers have kind of game they need to replicate blowing out Wizards 5
- Gregg Popovich to miss game following ‘minor medical procedure’ 7
- PBT Extra: Anthony Davis’s MVP-level play, the Spurs and things to be thankful for 7
- Report: Knicks worried Carmelo Anthony’s back issue may be season-long concern 11
- Report: Lakers working on a one-year deal with Earl Clark 13
- Tom Thibodeau says Derrick Rose ‘didn’t re-injure himself’ after playing just 10 minutes in loss to Nuggets 20
- Lakers granted $4.85 million disabled-player exception for Steve Nash injury 13