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Sugardaddies: the fifteen richest owners in the sporting world

Mirror mirror on the wall, who’s the richest of them all? Abramovich is only at number four, so who’s got more moulah?

Image: Mike Egerton/EMPICS Sport

Reproduced with permission from BusinessInsider.

EVERY PERSON ON this years’ edition of Forbes Magazine’s world billionaire rankings owns something extravagant like a yacht, an extensive art collection, helicopters, or even a garage full of cars with unpronounceable names … but only a select few can own a major sports team.

Wouldn’t owning a sports team be fantasy sports come to life, but infinitely better? Instead of slaving away on your computer every night, you could hire someone to manage all that stuff while you hang out in a luxury box eating fresh caught seafood. The fantasy sports comparison rings even more true for owning a Major League Baseball team, which has no salary cap.

Weirdly enough, only three people on this list own a baseball team, and all of them are technically partial ownerships. Soccer has become the favored game of billionaires, as more and more non-American businessmen move their way up the money list.

Microsoft’s Paul Allen remains the top American sports billionaire owner, but he’s not the richest NBA owner since Russian madman Mikhail Prokhorov took over the New Jersey Nets.

In order to make this list, each individual had to own a substantial chunk of a major sports team, so league owners and commissioners didn’t make the list. (All data via Forbes’ list of the World’s Billionaires.)

Sugardaddies: the fifteen richest owners in the sporting world
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  • 15. Joe Lewis

    Country: UK Estimated Net Worth: .2 billion How he got his fortune: Investments, mostly dealing with currency. Benefited heavily from "Black Wednesday" in 1992. Owns: Tottenham Hotspur F.C. Team's Success: 2008 League Cup Winner, League Cup Runner-Up in 2002 and 2009.
  • 14. Richard DeVos

    Country: USA Estimated Net Worth: .2 billion How he got his fortune: Co-runs Alticor, which is the parent group of Amway and Quixtar among other. Alticor specializes in selling health, and cleaning products. Owns: Orlando Magic Team's Success: Three straight division titles (08-10), NBA Finals Appearances in 1995 and 2009.
  • 13. John Malone

    Country: USA Estimated Net Worth: .5 billion How He Got His Fortune: CEO of Tele-Communication for 24 years, he has held other high ranking positions within media since. Co-owns: Atlanta Braves (with Liberty Media) Team's Success: The Braves dominated the 90s before he was around, but since he has taken the reins with a bunch of other people, Atlanta has earned one playoff berth (2010).
  • 12. Hiroshi Yamauchi

    Country: Japan Estimated Net Worth: .6 billion How He Got His Fortune: Former President of Nintendo, Inc. He was one the big players from Nintendo's transformation from dealing with playing cards to saving various princesses. Team owned: Seattle Mariners (He has transferred power to Nintendo of America, but he is still recognized as the owner amongst board members.) Team's Success: No World Series appearances ever, but Seattle did set the regular season record for most wins in a season with 114 in 2001. They have reached the playoffs in 1995, 1997, 2000, and 2001.
  • 11. Lester Crown

    Country: USA Estimated Net Worth: .9 billion How He Got His Fortune: Investments from inheritance. His father owned Material Service which would eventually merge with General Dynamics becoming the worlds largest distributor of building materials. Has Stakes In: New York Yankees, Chicago Bulls Teams' Successes: A lot. The Yankees alone have won seven championships and eleven pennants since he bought a share.

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