Forbes released its list of world’s richest sports team owners and there is a new owner sitting at No. 1. Former Microsoft CEO, Steve Ballmer, is now on top as the richest owner in sports with a net worth of $52.7 billion. He is the owner of the Los Angeles Clippers, which before the coronavirus shut down the NBA, were one of the favorites to win this year’s championship.
While nearly every other owner from the list's net-wealth is down from a year ago, Ballmer’s wealth has gone up 28% since 2019. Also making this year's Top 20 list were seven NFL owners including Carolina Panthers owner David Tepper, Los Angeles Rams owner Stanley Kroenke, Dallas Cowboys owner Jerry Jones and Jacksonville Jaguars owner Shahid Khan.