Instant Alert: The 20 richest billionaire sports team owners

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   The 20 richest billionaire sports team owners by Hillary Hoffower on Sep 19, 2018, 11:38 AM Advertisement Billionaires often make extravagant purchases — like buying their own sports team. CEOWORLD magazine recently ranked the 20 wealthiest owners of major league sports teams around the world. Some billionaire owners own more than one team — like Paul Allen, who owns the Portland Trail Blazers and the Seattle Seahawks. Billionaires have a lot of cash to drop. Some are known to spend it on mansions. Others, private planes and luxury cars. And others still? They just buy their own sports team. CEOWORLD magazine recently ranked the 20 wealthiest owners of major league sports teams using Forbes' World's Billionaires ranking. They found that of the 62 billionaire team owners around the world, their collected net worth is $375 billion. And for some, one team isn't enough — together, they own 78 teams. In fact, three among the top five richest billionaire sports team owners own multiple teams, Microsoft cofounder Paul Allen among them. Dietrich Mateschitz and Stanley Kroenke own the most teams on the list, with three and four each, respectively. Only one woman makes the list: Marian Ilitch, the cofounder of Little Caesars Pizza. From football to basketball, here's a look at the 20 richest owners of major sports league teams. SEE ALSO: Every pick from the first round of the 2018 NFL Draft will likely get multi-million dollar contracts — here's what each player is expected to make DON'T MISS: The 23 richest billionaire NHL franchise owners — and how they made their fortune 20. Vichai Srivaddhanaprabha, Thailand Net worth: $5 billion Team: Leicester City Source of wealth: Duty-free, self-made 19. Joe Lewis, United Kingdom Net worth: $5.1 billion Team: Tottenham Hotspur Source of wealth: Investments, self-made 18. Marian Ilitch, United States Net worth: $5.2 billion Teams: Detroit Red Wings, Detroit Tigers Source of wealth: Little Caesars Pizza, self-made See the rest of the story at Business Insider   Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011