Among NBA owners, Joe Tsai is doing very well. His net worth has jumped by 50 percent since he agreed to buy into the Nets back in October 2017. He’s now worth $13.4 billion, according to the Bloomberg Billionaires Index, up from $8.8 billion three years ago. In fact, he’s now the second richest NBA owner behind only Steve Ballmer of the Clippers who’s worth a staggering $73 billion, the sixth biggest fortune in the world.
But Tsai and Ballmer are among the winners in the economic downturn that has plagued the world since the COVID-19 struck China last November.