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Spending money has never been an issue for Los Angeles Clippers owner Steve Ballmer. In 2014, the former Microsoft CEO bought the NBA team for a then-record $2 billion, a move that was widely seen as an overpay at the time (Forbes had most recently valued the Clippers at $575 million). This January, Ballmer shelled out more than $152 million to extend 32-year-old, All-Star forward Kawhi Leonard’s contract for another three seasons, and he is expected make similar moves with his other aging talents, Paul George, 33, and James Harden, 34. Next year, one of his crowning achievements will come to fruition, when the Clippers move into their new home, the $2 billion Intuit Dome in Inglewood, California.<br/><br/>Despite the enormous bill Ballmer has racked up in a decade of team ownership, it’s barely dented his fortune. The 68-year-old is worth an estimated $121 billion, according to Forbes’ 2024 World’s Billionaires list, up from $80.7 billion in 2023. His 50% year-over-year wealth increase, primarily due to the stellar stock performance of Microsoft, has once again made Ballmer the richest sports team owner in the world.<br/><br/>The top spot was previously held by Mukesh Ambani, who owns the Mumbai Indians cricket team through his publicly traded conglomerate Reliance Industries. (Forbes has adjusted its methodology to exclude teams owned by public companies and, therefore, their shareholders. SoftBank CEO Masayoshi Son, owner of Japanese baseball’s Fukuoka SoftBank Hawks, was left off for the same reason, as well as teams owned by giant private conglomerates, including Red Bull’s Formula 1 team and INEOS’ Manchester United and OGC Nice.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/justinbirnbaum/2024/04/05/the-worlds-richest-sports-team-owners-2024/?sh=3d78f3ff309f<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

The World's 5 Richest Sports Team Owners

⏲ 3:10 👁 2.8M

BOL News

Internet And Mobile Phone Services Banned In Pakistan | 23rd March 2024 | Breaking News

⏲ 1 minute 3 seconds 👁 5.2K

Pakistan Cricket

The View From Pakistan's Net Session 👌 #ENGvPAK | PCB

⏲ 5 minutes 52 seconds 👁 32.3K

Halle Bailey has been added to the cast of the untitled coming-of-age Universal musical that has been inspired by the childhood of music superstar Pharrell Williams.

Halle Bailey has been cast in the Universal musical inspired by Pharrell Williams

⏲ 1:1 👁 8.6M

Azad Chaiwala

How to Earn from Solar Panels Net Metering in Pakistan

⏲ 6 minutes 10 seconds 👁 34.1K

SAMAA TV

Internet Services Ban In Pakistan? | Breaking News

⏲ 1 minute 20 seconds 👁 35.8K

Police arrested three men in western Sydney for alleged involvement in the sale of drugs via the dark web.

Three men arrested for alleged darkweb sales of illicit drugs

⏲ 0:47 👁 19M

Syed Owais Ali

SOLAR NET METERING: Truth No One Tells You

⏲ 28 minutes 20 seconds 👁 338.2K

CNA

[CNA 24 7 LIVE] Breaking news, top stories and documentaries

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The wealthiest billionaires in Australia have been named in the Forbes billionaire ranking.

Who are Australia’s richest billionaires?

⏲ 1:46 👁 8.6M

National Geographic

Arrested in Pakistan | Locked Up Abroad

⏲ 2 minutes 50 seconds 👁 71.7K

Pakistan Cricket

Intense Nets Session: Babar and Rizwan vs Shaheen, Naseem, and Faheem | PCB | MA2L

⏲ 3 minutes 34 seconds 👁 388.6K

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