Earlier this week, Forbes released its updated list of the world’s richest sports team owners, and once again, Carolina Panthers’ David Tepper is tops among his NFL colleagues.
It’s the third year in a row Tepper, the former Goldman Sachs trader who founded Appaloosa, a hedge fund with its headquarters in Short Hills, N.J., is the NFL’s richest owner. Tepper, who lived in New Jersey for more than two decades before moving to Florida in 2016, bought the Carolina Panthers in 2018 for $2.3 billion.
Net Worth: $16.7 billion (1-YEAR CHANGE: +15%)
The Panthers have yet to record a winning record under Tepper, who bought the team in 2018. However, skyrocketing media deals have already brought him a sizable return on his investment: The Panthers are now worth an estimated $2.91 billion, $600 million more than Tepper’s purchase price.
Tepper was worth $14.5 billion last year and $12 billion two years ago.
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The richest owner in MLB is the New York Mets’ Steve Cohen.
It’s the second straight year that Cohen, who bought the club in 2020 for more than $2.4 billion, is tops in MLB.
Net Worth: $17.4 billion (1-YEAR CHANGE: +9%)
Under Cohen, the richest individual owner in baseball, the Mets have supplanted the Yankees as the big spenders of New York. The Mets have the second-highest payroll in the league, at $252 million, trailing only the Los Angeles Dodgers. Cohen’s wealth also played a role in MLB’s latest collective bargaining agreement, with a new luxury-tax tier being informally dubbed the “Cohen Tax.”
Cohen was worth $16 billion last year.
The richest sports owner is Steve Ballmer. The owner of the Los Angeles Clippers is worth $91.4 billion.
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Mike Rosenstein may be reached at mrosenstein@njadvancemedia.com.
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