The Houston Rockets are valued at $1.65 billion dollars, good for eighth most valuable NBA franchise, according to Forbes. Alexander paid $85 million dollars for the team back in 1993 so the value has obviously inflated since that time.
It was within his first two years of owning the team that the Houston Rockets won their first NBA championship and the only title Houston sports had ever seen. They would go on to repeat in 1995 and since that time, Alexander has done everything in his power to try and bring another trophy back to H-town.