Let´s take a look at these 5 insanely rich people who decided to invest in the NFL.
Being the majority owner of an NFL team is not for everybody. Only 32 people can do it at one time and you need some millions in your bank account. The price of an NFL team has soared over the years, but some owners from a different era are still holding on.
1. David Tepper - Carolina Panthers
Net worth: $12 billion
In 2018, Tepper bought the Carolina Panthers professional football team in a $2.3 billion deal but before that, he founded his hedge fund, Appaloosa Management, in 1993 after he was passed over for a promotion at Goldman Sachs and quit the banking giant.
In May 2019 he began to focus on running the Panthers franchise he bought a year earlier.
2. Stan Kroenke - Los Angeles Rams
Net worth: $9.7 billion
The NFL’s second-wealthiest owner is the man who brought professional football back to Los Angeles for the first time since 1995. Kroenke became a billionaire as a real estate developer. In addition to the Rams, Kroenke also owns the English Premier League team Arsenal, the NBA’s Denver Nuggets, and the NHL’s Colorado Avalanche.
3. Jerry Jones - Dallas Cowboys
Net worth: $8.5 billion
Jones bought the Cowboys in 1989 for roughly $140 million after making his fortune in Texas from oil and gas. Jones also has investments in Comstock Resources as well as real estate, hospitality management, and Papa John's franchises.
All these investments served as the source of the money he used to buy the Cowboys.
4. Stephen Ross - Miami Dolphins
Net worth: $7.6 billion
Ross is a former tax attorney who founded his private real estate business in the 1970s with a $10,000 loan from his mother.
He was widely criticized after he had a fundraiser in the works for President Trump’s reelection campaign.
Today, he owns a portfolio of assets valued at more than $70 billion that includes huge developments like Time Warner Center and Hudson Yards in New York City, along with stakes in companies like luxury fitness brands Equinox and SoulCycle.
5. Robert Kraft - New England Patriots
Net worth: $6.9 billion
Kraft, is an American entrepreneur, investor, and philanthropist whose portfolio of businesses and brands range across many verticals, including paper and packaging, sports and entertainment, real estate, and venture investing. His holdings include the New England Patriots, New England Revolution, Boston Uprising, Gillette Stadium, Rand-Whitney Group, Rand-Whitney Containerboard, and a portfolio of more than 100 venture and private equity investments.
He started his career working for his father-in-law’s packaging company before branching out to found his own paper products business, called International Forest Products.
He bought the Patriots in 1994 for about $175 million and the franchise is currently valued at $4.1 billion after winning six championships in the past two decades.