There are 62 billionaire sports league owners worldwide, who collectively are worth $375 billion. This year, a new billionaire topped Forbes’ list of The World’s Richest Sports Team Owners: Mukesh Ambani, owner of the Indian Premier League cricket club Mumbai Indians.
His $47.7 billion net worth dethroned former Microsoft CEO Steve Ballmer, who has held the No. 1 spot for the past three years as the owner of the NBA’s Los Angeles Clippers. Ambani’s wealth comes from Reliance Industries, a conglomerate holding company based in Mumbai.
Reliance was originally founded as a small textile manufacturing company by Ambani’s father. The elder Ambani started the company in a small, barely furnished office where he first exported spices to Yemen, then began importing yarn.
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