Be it India’s richest sports team owners or the entire world’s, Mukesh Ambani cannot be left out of any list. In fact, he is not just on the list, he is mostly at the top of it.
Sole Leader – Mukesh Ambani
The story continues as Ambani is at the top of the world’s richest sports team owners 2019 list by Forbes as well. Ambani’s team Mumbai Indians have been doing well this season and have already qualified for the playoffs, however, the team did not do very well in the past year. This is important because what happens in the previous year tends to have a larger impact on the earnings/profits of the team as compared to the current achievements.
However, even if the team was inconsistent in their matches, the banner still made their profits; an abundance of it. Mukesh Ambani’s net worth has increased from $10 billion to $50 billion in the past year; it has gone beyond double in the past two years. While he is the richest Indian and 13th-richest person in the world, he is also the richest sports team owner in the world.
Business growth comparison
As compared to the other industries of billionaires, the sports team owners are the ones that are ramping up the highest profit margins. The list of top 20 richest sports team owners has an astounding record with two static, only five decliners, and a massive 13 rising fortunes. The sports world has a massive 58 billionaire owners, who collectively own 70 teams with a combined net worth of $359 billion.
Wealthiest owner of an American sports team
One of the strongest players among the ones that come after Mukesh Ambani is Steve Ballmer. Steve owns the Los Angeles Clippers and is the second richest sports team owner in the world. He is also the wealthiest owner of an American sports team. It is quite clear that Indian cricket is very strong financially. The long-term Microsoft CEO, who bought the team back in 2014, saw his net worth rise by 7% to $41.2 billion during the past year.
Third-richest sports team owner
While the first two have been acclaimed, the third on the list deserves a mention too. Red Bull billionaire Dietrich Mateschitz is the third-richest team owner, at $18.9 billion. Red Bull comes in third with their three teams and the fact that all of them contribute to the marketing opportunities for the energy drink.
Here’s the list of the top 5:
- Mukesh Ambani
- Steve Ballmer
- Dietrich Mateschitz
- Hasso Plattner and Family
- Roman Abramovich