ranking | As the value of teams and the incomes of athletes continue to rise, dozens of new sports billionaires have emerged in the world rankings. Forbes Billionaires 2023.
The Los Angeles Lakers’ chances of making the playoffs looked bleak at the end of February, with the team clinging to one of the last spots in the NBA Playoffs and LeBron James He suffers a foot injury that could have ended his season.
However, LeBron James miraculously returned to the court a month later after a doctor told him he was recovering “faster than anyone else with this injury.” Since then, the Lakers have won three of their four games and appear to be able to make the playoffs a few days from the end.
It’s just the latest in a long line of superhuman feats that LeBron James has achieved since his NBA debut in 2003, both in sports and outside sports. In June 2022, he entered the ranking Forbes Billionaires, which makes it f Tiger wood The first athletes to record a net worth in the ten figures while remaining active in their sports.
LeBron James and Tiger Woods have built their fortune largely on their massive earnings over the past 20 years, both sportingly with their unparalleled athletic success and athletically with sponsorship deals befitting their status. Along the way, they have each used that money to build impressive investment portfolios.
The duo lead a group of 12 newcomers to the world rankings Forbes of billionaires in 2023, all of whom earned their status through the rise of the sport. These 12 new billionaires can especially thank the financial windfall from the explosion of media rights contracts, which has caused the value of teams and the incomes of athletes to soar in several leagues. And for good reason: Last year, 94 of the 100 most-watched shows in the United States were sporting events, and that’s not counting the value of new media like Netflix, which made Toto Wolfteam principal and co-owner of the Mercedes-AMG Petronas F1 Team, is a billionaire famous thanks to his chain influence Formula 1: the drivers of their destiny.
For many newcomers, owning a sports team is a cornerstone of the Dynasty. Mark DavisRaiders, Amy AdamsTitans and three sons George Steinbrenner, the Yankees’ longtime owner, have all inherited ownership of their respective teams and managed their careers with varying degrees of success. However, since their team took over, all five have posted double-digit returns, proving that victory in business isn’t always closely related to victory in sports.
Unlike the stock market volatility that has plagued many billionaires over the past year, there is no indication that values and earnings in the world of sports are trending other than up for the foreseeable future, which is good news not only for these new sports billionaires in the rankings. Forbes Billionaires 2023, but also for those who are invited to follow.
These are the new sports billionaires to emerge in the world rankings Forbes Billionaires 2023:
(Net worth is that on March 10, 2023)
# 1. Robert “Woody” Johnson
net value: $3.4 billion | difference): New York Jets | nation : United State
After being for four years ambassador Donald Trump In the UK, Robert “Woody” Johnson returns in 2021 to help manage his family’s assets, which include the NFL’s New York Jets and healthcare giant Johnson & Johnson.
#2. Larry Tannenbaum
net value: $2 billion | difference): Toronto Maple Leafs, Toronto Raptors, Toronto FC, Toronto Argonauts | nation : Canada
As President of Maple Leaf Sports & Entertainment, Larry Tanenbaum owns a part of every Toronto sports team: The Maple Leafs (NHL), Raptors (NBA), Toronto FC (MLS), and Argonauts (Canadian Major League Soccer). He is also the longtime owner and managing director of construction company Kilmer van Nostrand and has a large real estate portfolio.
# 3. David Blitzer
net value: $1.9 billion | difference): Cleveland Guardians, Real Salt Lake, Philadelphia Seventy Sixers, New Jersey Devils, Crystal Palace, Pittsburgh Steelers | nation : United State
The Blackstone executive owns stakes in MLB’s Guardians and MLS’s Real Salt Lake and, in partnership with Josh HarrisInc., a co-founder of Apollo Global, owns shares in the NBA (76ers), NHL (Devils), Premier League (Crystal Palace) and NFL (Steelers) teams.
#3 (tie). Mark Davis
net value: $1.9 billion | difference): Las Vegas Raiders | nation : United State
Football is the one activity Mark Davis never knew he had, growing up with the Raiders, his father Al being a coach, then general manager and finally the main owner of an NFL franchise. Mark Davis took over when his father died in 2011 and oversaw the team’s move to Las Vegas in 2020.
#4 Amy Adams
net value: $1.7 billion | difference): Tennessee Titans | nation : United State
Amy Adams Strunk took control of the Tennessee Titans in 2015, two years after her father’s death Bud Adams. His 50% stake is now worth twice as much as it was then. She said, “I never thought I’d be captaining a football team.” Forbes in September.
# 5. Irving Groesbeck
net value: $1.6 billion | difference): Boston Celtics | nation : United State
Continental Cablevision (now MediaOne) co-founder Irving Grosbeck helped a group of investors buy the Boston Celtics for 360 million dollars in 2003. Five years later, the iconic franchise won its first NBA championship in two decades. Today, his 30% stake alone is worth it $1.1 billion.
#6. Hal Steinbrenner, Jennifer Steinbrenner, Swindell, and Jessica Steinbrenner
net value: $1.3 billion each | difference): New York Yankees | nation : United State
New York Yankees, ranked at $1.6 billion in death George Steinbrenner In 2010, deserve today $7.1 billion. The three Steinbrenner children each own a share of the most valuable MLB team in the league, as well as shares of broadcaster YES Network and MLS team New York FC.
# 7. Tiger woods
net value: $1.1 billion | sources): golf | nation : United State
The golf legend reportedly turned down a nine-figure salary to join the Saudi-backed LIV Golf Tour. He does not need money. In his three-decade career, Tiger Woods has achieved more than $1.7 billion in sponsorship deals, championship wins and other revenue, allowing him to join LeBron James as the only active billionaire athletes.
#8. LeBron James
net value: $1 billion | sources): Basketball | nation : United State
LeBron James, who broke the NBA scoring record in February, continues to add numbers to his fortune. Appearing for nearly ten years in the ranking of the highest paid players I have created ForbesHe should win this season $124.5 million, on and off the court, thanks to his contract with the Lakers and sponsorship deals with companies like Nike, AT&T, and Pepsi. LeBron James has invested his earnings in real estate, the SpringHill entertainment company and stakes in Blaze Pizza, the Tonal fitness company, the Big League Pickleball franchise and the Fenway Sports Group, owner of the Reds. Boston Sox.
#9. Toto Wolfe
net value: $1 billion | difference): Mercedes-AMG Petronas | nation : Austria
The star of the series Formula 1: the drivers of their destiny On Netflix, Toto Wolff is Team President and CEO of the Mercedes-AMG Petronas F1 Team. A former driver, he bought the F1 team in 2013, long before team values skyrocketed, and led Mercedes to eight consecutive Constructors’ Championships.
Translated article from the American magazine Forbes – Author: Matt Craig
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