Richest WNBA Team Owners and How They Made Their Fortunes

The WNBA may not have the same level of financial success as the NBA, but there are still wealthy individuals who own WNBA teams. In this article, we will explore the top 10 richest WNBA team owners and delve into their entrepreneurial journeys and the strategies they used to accumulate their wealth. We will also highlight the investments and business ventures that have contributed to their financial success.

Key Takeaways:

The WNBA has wealthy team owners who have made their fortunes through various business ventures.
The top 10 richest WNBA team owners have accumulated their wealth through strategic investments and entrepreneurial pursuits.
Entrepreneurs like Joe Tsai, Mark Walter, and Todd Boehly have leveraged their business acumen to become successful WNBA team owners.
Ownership of WNBA teams provides these individuals with an opportunity to diversify their investment portfolios and contribute to the growth of women’s sports.
The presence of female owners in the WNBA highlights the progress made towards gender equality in sports ownership.

Joe Tsai – Co-founder of Alibaba Group

Joe Tsai, with a net worth of $7.7 billion, is a co-founder of Alibaba Group, one of China’s largest e-commerce companies. He is the owner of both the New York Liberty and the Brooklyn Nets.

Tsai’s wealth is mainly derived from his stake in Alibaba, which has a market share of around 70% for mail packages in China. The Brooklyn Nets, valued at $3.5 billion, are his most valuable asset.

Mark Walter – CEO of Guggenheim Partners

In the world of sports team ownership, Mark Walter is a prominent figure. As the CEO of investment firm Guggenheim Partners, Walter has not only amassed a considerable fortune but also acquired ownership of two iconic Los Angeles teams – the LA Dodgers and the LA Sparks.

With a net worth of $5.4 billion, Mark Walter has made a name for himself in the financial industry. Guggenheim Partners, under his leadership, has built up an impressive $300 billion in assets. Walter’s astute investment strategies have not been limited to the business world. He has also delved into the sports sector, where he has made a significant impact.

The Los Angeles Dodgers, a renowned Major League Baseball team, became part of Mark Walter’s ownership portfolio in 2012. Under his guidance, the franchise has experienced a resurgence, culminating in a World Series championship in 2020. The Dodgers have become a powerhouse in the league, attracting top talent and boasting a dedicated fan base.

Aside from the LA Dodgers, Walter is also a co-owner of the Los Angeles Sparks, a stalwart in the Women’s National Basketball Association (WNBA). The Sparks have consistently been a competitive force in the league, capturing multiple championships and cultivating a loyal following.

Mark Walter’s entrepreneurial prowess extends beyond his sports investments. He has demonstrated a knack for identifying promising ventures and securing profitable investments. Notably, Walter has made successful bets on companies like Beyond Meat, a leading plant-based food company, and Carvana, an innovative online car retailer.

Mark Walter’s dual role as a prominent CEO in the financial sector and an influential team owner in the world of sports is a testament to his multifaceted success. By combining his expertise in investments with a passion for sports, he has not only elevated the performance of his teams but also contributed to the growth and excitement of the sports industry as a whole.

Mark Walter: Key Highlights

CEO of Guggenheim Partners, overseeing a $300 billion asset portfolio.
Owner of the Los Angeles Dodgers, leading the team to a World Series victory in 2020.
Co-owner of the Los Angeles Sparks, a championship-winning WNBA team.
Successful investments in companies like Beyond Meat and Carvana.

Mark Walter: At a Glance

Net Worth
Ownership
Investment Highlights

$5.4 billion

Los Angeles Dodgers
Los Angeles Sparks

Guggenheim Partners – $300 billion in assets
Beyond Meat
Carvana

Todd Boehly – Former Partner at Guggenheim Partners

Todd Boehly, with a net worth of $5.3 billion, has an impressive background as a former partner at Guggenheim Partners. While at Guggenheim Partners, Boehly played a crucial role in the acquisition of the Los Angeles Dodgers, along with other notable investors like Magic Johnson. This acquisition marked a significant milestone in his career and solidified his position in the world of sports ownership.

Boehly’s involvement in professional sports didn’t stop there. He is currently a part owner of the Los Angeles Sparks, a prominent team in the Women’s National Basketball Association (WNBA). As a dedicated sports enthusiast, Boehly has expanded his ownership stake beyond the Los Angeles Dodgers and Los Angeles Sparks. He also holds a significant ownership position in the iconic LA Lakers, further contributing to his impressive sports ownership portfolio.

Moreover, his influence extends beyond the realm of basketball. Todd Boehly has also been involved in the acquisition of Chelsea Football Club, a renowned English Premier League team. His diversified sports ownership interests highlight his passion for the sports industry and his commitment to fostering athletic excellence.

Net Worth
Key Involvements

$5.3 billion

Former partner at Guggenheim Partners
Instrumental in the acquisition of the Los Angeles Dodgers
Part owner of the Los Angeles Sparks
Significant ownership stake in the LA Lakers
Involved in the acquisition of Chelsea Football Club

Glen Taylor – Owner of Minnesota Lynx

Glen Taylor, worth $2.4 billion, is the owner of the Minnesota Lynx, Minnesota Timberwolves, and United FC soccer team. He began his journey as the owner of a $2 million printing firm, which has since grown into a company valued at nearly $2 billion. Taylor’s entrepreneurial spirit and strategic decision-making have propelled his business to become a multi-billion dollar success.

Under Taylor’s ownership, the Minnesota Lynx, a professional women’s basketball team, have achieved great success in the Women’s National Basketball Association (WNBA). They have won four WNBA championships, in 2011, 2013, 2015, and 2017, establishing themselves as one of the league’s most dominant teams.

In addition to the Lynx, Taylor is also the owner of the Minnesota Timberwolves, an NBA team based in Minneapolis. Through his leadership, the Timberwolves have undergone significant transformations, both on and off the court. Taylor is dedicated to building a winning culture and providing a top-notch fan experience.

Beyond basketball, Taylor extends his ownership portfolio to the United FC soccer team, which competes in the Major League Soccer (MLS). His investment in the club has helped elevate the popularity of soccer in Minnesota and has contributed to the growth of the sport in the United States.

“I am passionate about sports and believe in the power of teamwork to achieve success both on and off the field. It is my vision to create a legacy of excellence and inspire the next generation of athletes.”

Glen Taylor’s ownership of the Minnesota Lynx, Minnesota Timberwolves, and United FC showcases his commitment to professional sports and his ability to drive growth and success in multiple sports franchises. His influence extends beyond the court and field, making him a prominent figure in the sports industry.

Herb Simon – Real Estate Tycoon

Herb Simon, a prominent real estate tycoon with a net worth of $2.4 billion, has built his wealth through a successful career in the real estate industry. Simon’s entrepreneurial journey led him to purchase the Indiana Pacers basketball team in 1983, solidifying his entrance into the world of sports ownership. Recognizing the potential for growth in women’s professional basketball, Simon later acquired the Indiana Fever, a team in the Women’s National Basketball Association (WNBA).

However, Simon’s business endeavors extend beyond sports ownership. In a surprising move, he purchased Kirkus Reviews, an esteemed American book review magazine. This acquisition allowed him to diversify his interests and enter the world of publishing, showcasing his business acumen and willingness to explore new industries.

Looking toward the future, Herb Simon has expressed his intention to pass on both the Indiana Pacers and the Indiana Fever to his son. This decision ensures the continuation of his legacy in the basketball realm and showcases his commitment to maintaining a lasting impact on the sport. Simon’s contributions to the sports industry and his ventures in real estate and publishing demonstrate his versatility and entrepreneurial spirit.

Mark Davis – Owner of Las Vegas Raiders

Mark Davis, with a net worth of nearly $2 billion, is the owner of the Las Vegas Raiders and the recently purchased Las Vegas Aces. He inherited his wealth from his late father, who owned the Oakland Raiders. Davis has successfully increased the value of the Raiders and hopes to replicate that success with the Aces.

The Legacy of the Davis Family

The Davis family has a rich history in professional football ownership. Mark Davis’ father, Al Davis, was a legendary figure in the NFL, known for his commitment to diversity and his passionate approach to the game. Under Al Davis’ leadership, the Oakland Raiders experienced a period of great success and became one of the most iconic franchises in the league.

“I take pride in the legacy that my father left behind. He built a strong foundation for the Raiders, and I am determined to continue his vision for the team.”

After Al Davis’ passing, Mark Davis took the reins and made the bold decision to move the team from Oakland to Las Vegas. This move was met with both excitement and skepticism, but Davis remained steadfast in his belief that Las Vegas offered the best opportunity for the team’s long-term success.

A New Era in Las Vegas

Since the relocation, the Las Vegas Raiders have experienced a surge in popularity and success. The team’s new state-of-the-art Allegiant Stadium has become a symbol of the city’s ambition and growth. Davis has been praised for his commitment to the community and his efforts to make the Raiders a beloved Las Vegas institution.

“Las Vegas has embraced the Raiders with open arms, and we are committed to giving back to the community that has welcomed us so warmly.”

In addition to his ownership of the Raiders, Davis recently purchased the Las Vegas Aces, the city’s WNBA team. This acquisition demonstrates his belief in the potential of women’s sports and his dedication to promoting equality in the world of professional athletics.

A Vision for Success

Mark Davis has shown a strong understanding of the business side of sports ownership. He has successfully navigated the challenges that come with running a professional football franchise and has proven his ability to adapt to changing market conditions.

“I am constantly looking for ways to improve and grow as an owner. My goal is to create a winning culture and provide a first-class experience for our fans.”

With the Las Vegas Raiders and the Las Vegas Aces under his ownership, Mark Davis is poised to make a lasting impact on the world of professional sports. Through innovative strategies and a commitment to excellence, he is determined to bring success to both teams and solidify their place in the Las Vegas sports landscape.

Ted Leonsis – Owner of the Washington Mystics

Ted Leonsis, with a net worth of $2 billion, is a prominent figure in the sports industry and the proud owner of the Washington Mystics, an esteemed WNBA team. However, his influence extends beyond the Mystics as he also serves as the majority owner of Monumental Sports, a sports and entertainment company.

Under Leonsis’ ownership, the Mystics have experienced tremendous success, culminating in the team’s first WNBA championship in 2019. Leonsis’ commitment to empowering women in sports and fostering a culture of excellence has propelled the Mystics to new heights.

But Leonsis’ ownership ventures don’t stop with the Mystics. He is also the majority owner of the Washington Wizards, an NBA team, and the Washington Capitals, an NHL team. With a comprehensive sports portfolio, Leonsis has cemented his status as a key player in the Washington, D.C. sports scene.

As the majority owner of Monumental Sports, Leonsis oversees the operations of the Capital One Arena, a premier venue for sporting events, concerts, and other live entertainment. His dedication to providing world-class experiences for fans has made Monumental Sports a driving force in the sports and entertainment industry.

Team
Sport

Washington Mystics
WNBA

Washington Wizards
NBA

Washington Capitals
NHL

Leonsis’ success as a sports team owner is a testament to his business acumen and passion for the industry. Prior to his ownership ventures, Leonsis built his wealth during his time as a senior executive at AOL, where he played a pivotal role in the company’s growth and expansion.

With his visionary approach and dedication to excellence, Ted Leonsis continues to shape the sports landscape and inspire fellow entrepreneurs to pursue their dreams in the world of sports ownership.

Mike Alter – Owner of Chicago Sky

Mike Alter, with a net worth of around $1.2 billion, has been the proud owner of the Chicago Sky since 2005. His journey to success began in the real estate industry, where he made his fortune before venturing into non-profit businesses.

As the owner of the Alter Group, Alter has dedicated his career to making a positive impact on society. His company focuses on helping as many people as possible, creating opportunities and supporting various causes.

Under Alter’s ownership, the Chicago Sky has achieved remarkable success, culminating in their crowning as the 2021 WNBA champions. Alter’s leadership and commitment to the team have propelled them to new heights, making the Chicago Sky a force to be reckoned with in the league.

Notable Achievements of the Chicago Sky

Year
Achievement

2021
WNBA Champions

2014, 2015
Eastern Conference Champions

2013
Eastern Conference Regular Season Champions

The Chicago Sky’s exceptional performance on the court, coupled with Alter’s passion for the team and their community, has earned him a well-deserved reputation as an influential figure in the world of professional sports.

Sheila Johnson – Co-founder of BET

Sheila Johnson, with a net worth of $750 million, has made her mark in the business world through her various successful ventures. She co-founded BET (Black Entertainment Television), a network that has become a prominent platform for African American-focused programming.

Johnson has also established herself as a leader in the hospitality industry, serving as the CEO of Salamander Hotels and Resorts. This luxury hotel company has properties in Florida, Virginia, and South Carolina, offering exquisite accommodations and impeccable service.

Not limited to her achievements in media and hospitality, Johnson is also a trailblazer in the world of sports ownership. She is a part-owner of the Washington Mystics, a professional women’s basketball team in the WNBA. In addition to her stake in the Mystics, Johnson holds ownership positions in the Washington Wizards (NBA) and the Washington Capitals (NHL).

Sheila Johnson’s impact extends beyond her business ventures. She has been recognized for her philanthropy and dedication to improving communities. In 2019, she received the Billie Jean King Leadership Award, honoring her commitment to diversity and inclusion in sports and beyond.

Sheila Johnson at a Glance:

Net Worth: $750 million
Co-founder of BET
CEO of Salamander Hotels and Resorts
Part-owner of the Washington Mystics
Ownership stakes in the Washington Wizards and Washington Capitals

Company/Team
Ownership Position

Black Entertainment Television (BET)
Co-founder

Salamander Hotels and Resorts
CEO

Washington Mystics (WNBA)
Part-owner

Washington Wizards (NBA)
Ownership stake

Washington Capitals (NHL)
Ownership stake

The Influence of Female Owners in the WNBA

While the majority of WNBA team owners are men, there are several influential female owners making their mark in the league. One notable example is the Seattle Storm, which stands out as the only team that is purely female-owned. Lisa Brummel, Ginny Gilder, and Dawn Trudeau are the proud owners of the Seattle Storm, demonstrating their commitment to women’s sports and advancing opportunities for female athletes.

Another prominent female owner in the WNBA is Sheila Johnson, who owns a stake in the Washington Mystics. Johnson, a co-founder of BET and CEO of Salamander Hotels and Resorts, brings her business acumen and passion for sports to the table. Her ownership position not only adds diversity to the ownership landscape but also contributes to the growth and success of the Mystics.

Additionally, the Atlanta Dream boasts Suzanne Abrair as its owner. Abrair’s ownership role in the Dream showcases the ever-increasing presence of women in ownership positions within professional sports. Through their ownership and investment in WNBA teams, these women are pioneering a path for other aspiring female owners, while also empowering women in sports.

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