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Spending money has never been an issue for Los Angeles Clippers owner Steve Ballmer. In 2014, the former Microsoft CEO bought the NBA team for a then-record $2 billion, a move that was widely seen as an overpay at the time (Forbes had most recently valued the Clippers at $575 million). This January, Ballmer shelled out more than $152 million to extend 32-year-old, All-Star forward Kawhi Leonard’s contract for another three seasons, and he is expected make similar moves with his other aging talents, Paul George, 33, and James Harden, 34. Next year, one of his crowning achievements will come to fruition, when the Clippers move into their new home, the $2 billion Intuit Dome in Inglewood, California.<br/><br/>Despite the enormous bill Ballmer has racked up in a decade of team ownership, it’s barely dented his fortune. The 68-year-old is worth an estimated $121 billion, according to Forbes’ 2024 World’s Billionaires list, up from $80.7 billion in 2023. His 50% year-over-year wealth increase, primarily due to the stellar stock performance of Microsoft, has once again made Ballmer the richest sports team owner in the world.<br/><br/>The top spot was previously held by Mukesh Ambani, who owns the Mumbai Indians cricket team through his publicly traded conglomerate Reliance Industries. (Forbes has adjusted its methodology to exclude teams owned by public companies and, therefore, their shareholders. SoftBank CEO Masayoshi Son, owner of Japanese baseball’s Fukuoka SoftBank Hawks, was left off for the same reason, as well as teams owned by giant private conglomerates, including Red Bull’s Formula 1 team and INEOS’ Manchester United and OGC Nice.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/justinbirnbaum/2024/04/05/the-worlds-richest-sports-team-owners-2024/?sh=3d78f3ff309f<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

The World's 5 Richest Sports Team Owners

⏲ 3:10 👁 3.5M

YRF

Malang Song | DHOOM:3 | Aamir Khan, Katrina Kaif | Siddharth Mahadevan, Shilpa Rao, Pritam, Sameer

⏲ 5 minutes 41 seconds 👁 135.2M

YRF

Kamli Song | Dhoom:3 | Katrina Kaif,Aamir Khan | Sunidhi Chauhan | Pritam | Amitabh Bhattacharya

⏲ 4 minutes 👁 263.2M

Master Mayhem celebrates his birthday with his Monster Superstars. Meanwhile, Dome Ditty Dome is sent off to conquer Earth, powered by a slice of birthday cake. Best B-Day gift ever!

Massive Monster Mayhem Episode 18 - Birthday Bash

⏲ 22:4 👁 10K

Darius Arya Digs

The Pantheon's rival: the dome of Minerva Medica

⏲ 9 minutes 26 seconds 👁 2.5K

Adventure Outdoors

Fjällräven Abisko Dome 2|In-Depth Review|4 Season Tent

⏲ 28 minutes 35 seconds 👁 6.4K

Canadian Prepper

⚡ALERT: \"GET OUT NOW\" CANADA WARNS , BIDEN DEPLOYS TROOPS TO ISRAEL, FRENCH TROOPS ENTER UKRAINE

⏲ 27 minutes 6 seconds 👁 16.4K

Raza Graphy

BREAKINGइज़राइल पर हमले की तैयारी में ईरान• सऊदी अरब समेत कई देशों को ईरान की धमकी• अमरीका की फौज़

⏲ 13 minutes 45 seconds 👁 12.1K

Tamil VYugam

அவசரமாக துருக்கி எடுத்த முடிவு | அரபுநாடுகளின் செம ஆப்பு அமெரிக்காவுக்கு | TPFire_06

⏲ 9 minutes 10 seconds 👁 8.5K

Ikhtilaf-e-Raye With Kazmi

ISI & IB ko inquiry ka Hukam | | Imran Khan and new allianceIkhtilaf-e-Raye With Iftikhar Kazmi

⏲ 24 minutes 46 seconds 👁 2.4K

Face the Nation

Everything we know about a possible Iranian attack on Israel

⏲ 9 minutes 32 seconds 👁 4.5K

24 News

ഇറാൻ ഇസ്രയേലിനെ ആക്രമിക്കാനുള്ള സാധ്യത സ്ഥീരീകരിച്ച്‌അമേരിക്ക

⏲ 2 minutes 58 seconds 👁 2.5K

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