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.)
Sep 4, 2015, 10:29 PM EDT
They sell shoes in Germany, too.
Sep 4, 2015, 8:59 PM EDT
He shows promise as a good NBA center.
Sep 4, 2015, 7:30 PM EDT
He’s coming off an ACL surgery and misses the start of the season.
Sep 4, 2015, 7:01 PM EDT
Quincy Pondexter could be out longer.
Sep 4, 2015, 6:00 PM EDT
The real banner goes up opening night.
Sep 4, 2015, 4:59 PM EDT
That locker room was a hot mess.
Sep 4, 2015, 4:15 PM EDT
Do they, though?
Sep 4, 2015, 3:21 PM EDT
…from his own company
Sep 4, 2015, 2:24 PM EDT
Given the strength of the Western Conference, they should be
Sep 4, 2015, 1:25 PM EDT
That’ll make owners more prone to locking out players
Sep 4, 2015, 12:23 PM EDT
Houston also reportedly adding Denzel Livingston, Remi Yusuf, Will Cummings
Sep 4, 2015, 11:30 AM EDT
Rocky plays the heel
Sep 4, 2015, 10:30 AM EDT
Durant played with New York coach Derek Fisher
Sep 4, 2015, 9:30 AM EDT
Will San Antonio extend it?
Sep 4, 2015, 8:32 AM EDT
He shot just 34 percent in Summer League.
Sep 4, 2015, 8:00 AM EDT
If he’s healthy and the vintage, athletic McGee Dallas could use him.
Sep 4, 2015, 12:33 AM EDT
Thomas is a former No. 4 overall pick.
Sep 3, 2015, 11:15 PM EDT
The street artist Madsteez painted the commissioned piece.
Sep 3, 2015, 10:30 PM EDT
Weber played four years in college.
Sep 3, 2015, 9:41 PM EDT
Someone should tell him that isn’t up to him.
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