Joe Tsai has done a lot recently for New York in its battle against the novel coronavirus outbreak. He’s helped in the delivery of ventilators, masks and more personal protective equipment.
Before he did that, the Brooklyn Nets governor made sure both team and Barclays Center part-time and hourly employees were told they would be compensated for games and events canceled that had been scheduled between the start of the shutdown and the end of May.
But this all comes with a cost: money. Though, it’s not a secret that in order to be the owner of a professional sports franchise, one must be very, very well off. Tsai is no exception.
In fact, according to Forbes, Tsai is one of the richest individuals to own a pro sports team. He is tied for ninth on the list with Stanley Kroenke, the owner of Kroenke Sports & Entertainment, which owns the Los Angeles Rams, Arsenal, Colorado Rapids, Denver Nuggets and Colorado Avalanche. Although, Kroenke’s wife, Ann Walton Kroenke, is officially the owner of the Denver Nuggets and Colorado Avalanche.
Both Kroenke and Tsai each have an estimated worth of $10 billion.
Tsai is the second-richest NBA owner, behind only Steve Ballmer of the Los Angeles Clippers — who happens to be the richest pro sports owner in the world with a net worth of $52.7 billion.