The rich have gotten richer. Want to learn how to make a quick billion dollars? Well, it’s a lot easier when you already have one or two billion lying around to invest.
Cleveland Browns owner Jimmy Haslam purchased the franchise for $1.05 billion in 2012, but the team is now worth $1.95 billion. That makes the Browns the 50th most valuable sports franchise in the world, according to a recent study by Forbes. Cleveland was vaulted into slot No. 50 following a solid business year, increasing its value by $200 million, a five percent bump, since 2017.