Unveiling the Wealth: A Deep Dive into Los Angeles Lakers' Owners Net Worth
Hello there, sports enthusiasts! Today, we're going to take a break from the court and peek behind the scenes to explore the Lakers owners net worth. We'll be diving into the pockets of the team's current and former owners, so buckle up! Guys, explore more in Net Worth and lakers owners net worth.
The Buss Dynasty: Jeanie & Jim Buss
Let's start with the current regime, the Buss family. The Lakers have been a family affair for quite some time now, and the Lakers owners net worth story begins with the late Dr. Jerry Buss, who bought the team in 1979.
Jeanie Buss: The Current Queen of the Lakers
Jeanie Buss, Dr. Buss' daughter, inherited the team after her father's passing in 2013. She's been the controlling owner since then, steering the Lakers through both triumphs and tribulations. Jeanie Buss' net worth is estimated to be around $600 million, thanks primarily to her majority stake in the Lakers. That's right, folks! She's one of the wealthiest women in sports.
Jim Buss: The Former Executive & Co-Owner
Jeanie's brother, Jim, was once the team's executive vice president and part-owner. He stepped down from his roles in 2017, ceding control to his sister. Jim Buss' net worth is estimated to be around $400 million, also largely due to his stake in the Lakers.
The Previous Owners: Jerry Buss & AEG
Before the Buss family, the Lakers were owned by the late Jack Kent Cooke, who bought the team in 1965. After his death in 1997, his estate sold the team to Dr. Jerry Buss for $150 million. Dr. Buss then sold a minority stake to the Anschutz Entertainment Group (AEG) in 2011, which valued the team at around $1 billion at the time.
The Lakers' Value: An Astronomical Rise
Speaking of value, the Los Angeles Lakers' worth has skyrocketed over the years. In 2020, Forbes valued the team at $4.6 billion, making it the most valuable NBA franchise. That's a $3.6 billion increase since Dr. Buss' purchase in 1979!
The Lakers' Success: A Recipe for Wealth
The Lakers' owners net worth is a testament to the team's success on and off the court. With 17 NBA championships, countless Hall of Famers, and a global fanbase, the Lakers are a cash cow. And let's not forget the Staples Center, the team's home arena, which is also owned by AEG. It's a money-printing machine!
The Magic of Magic: Johnson's Investment
Magic Johnson, the Lakers legend, also has a piece of the pie. He's part-owner of the team, with a stake valued at around $100 million. That's a $200 million return on his investment since 2010, when he bought in for $50 million.
The Future of the Lakers' Owners Net Worth
So, what does the future hold for the Lakers owners net worth? Well, guys, as long as the Lakers continue to be a powerhouse, their value will keep rising. And with the team's recent acquisitions and the upcoming TV deals, the future looks bright for the Lakers and their owners.
That's all for now, folks! We hope you enjoyed this deep dive into the Lakers owners net worth. Until next time, keep your eyes on the court and your minds on the money!