The 23 richest billionaire NHL franchise owners — and how they made their fortune by Alan Dawson on Mar 2, 2018, 7:39 AM Advertisement
 Sports is often seen as a playground for the rich and famous. And that is certainly true when it comes to the NHL, where the wealthiest 23 men and women have a combined fortune of $89.92 billion. Using data from Forbes, Canadian Business, The Richest, and NHL salary information previously published on Business Insider, we have put together this list of the 23 richest billionaire NHL franchise owners in the United States and Canada. Here they are in ascending order. SEE ALSO: The 15 richest billionaire football club owners in England — and how they made their fortunes 20: Washington Capitals owner Ted Leonsis — net worth $1 billion  Ted Leonsis began his first business venture in 1981, when he was 25. He raised $1 million in seed capital for LIST, a technology magazine which he sold to Thomson Reuters for $40 million in 1984. In 1987 he formed Redgate Communications Corporation, which was acquired by AOL in 1994. He worked his way up to vice chairman at AOL. As the CEO of Monumental Sports & Entertainment, Leonsis owns a number of sports teams including NBA club Washington Wizards and NHL franchise Washington Capitals. Stanley Cups won during Leonsis' tenure: Zero. Highest-paid player: Capitals left wing Alex Ovechkin and center Evgeny Kuznetsov are both on $10 million a year. Source: The Richest.
19: Ottawa Senators owner Eugene Melnyk — $1.15 billion  Eugene Melnyk has worked in medical publishing and the pharmaceutical industry. He founded Biovail Corporation in 1989. He left three years before its merger with multinational pharmaceutical giant Valeant, in 2010. In the same year Melnyk made $157.6 million when he sold the vast majority of his Biovail stock. He is the sole owner of the Ottawa Senators. Stanley Cups won during Melny's tenure: Zero. Highest-paid player: Senators left wing Bobby Ryan is paid $7.3 million a year. Source: Canadian Business.
=18: New York Rangers owner James Dolan — $1.5 billion  James L. Dolan is a prominent businessman in New York. He serves as the Executive Chairman of regional cable, satellite, and radio firm MSG Networks, and The Madison Square Garden Company, which owns five sports franchises, three sports venues, and an eSports organisation. Dolan has owned the New York Rangers since 1997. Stanley Cups won during Dolan's tenure: Zero. Highest-paid player: Rangers goalie Henrik Lundqvist is paid $9 million a year. Source: The Richest.
See the rest of the story at Business Insider
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