New York Knicks owner Charles Dolan is one of 39 sports team owners to make the list of Forbes’ 400 Richest Americans. Dolan ranks as the fourteenth overall richest man to own a sports franchise on the Forbes list and 114th overall, which was released yesterday.
Forbes has Dolan and his family’s net worth pegged at a whopping $4.7 billion, with much of that wealth coming from his ownership of Cablevision, which was recently sold for $17.7 billion to European telecom giant Altice.
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The sale of Cablevision doesn’t affect Dolan’s ownership of the companies that fall under The Madison Square Garden Company, which includes the New York Knicks, New York Rangers, MSG Network, and other sports and entertainment properties.