When NBA Commissioner David Stern and the team owners in the Association declared a “Lockout” during the 2011-2012 campaign, management claimed that they needed a more “Owner Friendly” Collective Bargaining Agreement, because too many franchises were in tough financial shape. Whether or not that statement was correct, it turns out that there are some very successful men among NBA team owners, as “Forbes Magazine” revealed on Monday. The magazine published its annual list of the “400 Richest Americans,” which included 13 owners of NBA teams.
Leading the list of franchise owners is the Orlando Magic’s Rich DeVos, who sits at number 60 and the magazine’s statistics state he has a net worth of $6.8 billion. Rounding out the top five, is Micky Arison of the Miami Heat, said to be worth $5.9 billion, Stan Kroenke Atlanta Hawks owner who according to the list has a net worth of $5.3 billion, Cleveland Cavaliers head honcho Dan Gilbert, said to be worth $3.9 billion and New York Knicks head man Charles Dolan who comes in at $3.3 billion.
Still plenty more billionaires among the NBA franchise owners with Detroit Pistons owner Tom Gores said to be worth $2.7 billion, Mark Cuban of the Dallas Mavericks and Sixers main man Josh Harris tied at $2.5 billion, while Memphis Grizzlies owner Robert Pera and Herb Simon of the Indiana Pacers each said to be worth $1.95 billion.
Los Angeles Clippers owner Donald Sterling according to the magazine valued at $1.9 billion, Glen Taylor who owns the Minnesota Timberwolves is said to have a net worth of $1.7 billion and Tom Benson who owns the New Orleans Pelicans and the New Orleans Saints is on the list with $1,3 billion.