Tilman Fertitta purchased the Houston Rockets from Leslie Alexander for a then-NBA record $2.2 billion in 2017. Fertitta’s hefty investment looks wise less than a decade later.
CNBC’s latest round of NBA franchise valuations tabbed the Rockets as the league’s fifth-most-valuable organization in data released late last week. Houston is valued at $5.7 billion, a shade below the Chicago Bulls and just above the Brooklyn Nets. The Golden State Warriors far surpass any other franchise with a $9.4 billion valuation, while the New York Knicks ($7.5 billion) and Los Angeles Lakers ($7 billion) check in at No.