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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 👁 2.8M

Broke Brothers

How much does a SOFTWARE ENGINEER make?

⏲ 31 seconds 👁 1.4M

Pratibimb VJTI

VJTI Garba Night 2022 by Pratibimb😍💃#vjtistudentactivities#pratibimbvjti#vjti#garbanight#navratri

⏲ 42 seconds 👁 24.3K

Australians are facing all-time high rents and record low vacancy rates after a jump in prices in the March quarter. But housing experts say there is hope on the horizon, with conditions expected to turn around later this year.

Australian renters face all-time high rents and record low vacancy rates after prices ump in March quarter

⏲ 1:48 👁 250K

Robdoesitall

Worst Hostel Roommate Ever! (Stockholm, Sweden)

⏲ 15 seconds 👁 662.8K

Tilak's Channel

Batch Meet | IIM Jammu | MBA HAHM-01 | MBA HAHM-02

⏲ 18 seconds 👁 50.5K

Rental stress continues to be felt across the country as vacancy rates worsen with those most vulnerable being pushed even further down the waiting list. In Perth, families are turning to caravan parks to keep a roof over their heads.

Perth residents’ resort to tent in caravan park amid housing crisis

⏲ 2:35 👁 9.2M

Vedantu JEE Made Ejee

All about B Tech in Mechanical Engineering | Salary, Jobs, Lifestyle | Harsh sir

⏲ 10 minutes 43 seconds 👁 191.5K

Broke Brothers

Why is ENGINEERING not POINTLESS?

⏲ 50 seconds 👁 371.8K

Bollywood stars Anil Kapoor, Sonam Kapoor, Neha Dhupia & Angad Bedi arrive at Mumbai Airport in style. The actors posed for some classic clicks & also interacted with the fans & media.

Actors SPOTTED: Anil Kapoor, Sonam Kapoor, Neha Dhupia & Angad Bedi's Stylish Airport Entries

⏲ 2:49 👁 3M

Broke Brothers

How much does a MECHANICAL ENGINEER from NIT earn?

⏲ 26 seconds 👁 556K

Viraj Vlogs

⏲ 16 seconds 👁 133

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