Back in September, Forbes released its always entertaining ‘Richest People in America’ list. Unsurprisingly Microsoft (NASDAQ:MSFT) founder Bill Gates took the top spot, with Warren Buffett coming in No. 2. But ESPN highlighted a trend the same month that is at least a little more remarkable: 32 of those on Forbes’ list own professional teams, ranging from squads in the NFL, NHL, MLS, and NBA.
The list features more NFL owners than any other league, but there are still some NBA and NHL team owners who deserve honorable mentions, including Orlando Magic owner Rich DeVos, who is worth $6.8 billion, and Buffalo Sabres owner Terry Pegula, who holds his ground at $3.1 billion. ESPN says that the richest person involved in sports is Nike (NYSE:NKE) Chair Phil Knight, the 24th-richest American at $16.3 billion, but there are still some NFL team owners who are up there on the list, and we’re going to highlight 7 of them for you.
7. Stephen Bisciotti
The first billionaire on our list is Stephen Bisciotti, worth a paltry $2.1 billion. Overall, Bisciotti is No. 260 on Forbes’ list of 400 richest Americans, but out of the NFL owners pool, he is the 7th. The billionaire is the current majority owner of the Baltimore Ravens, and he also is responsible for founding the group of technical staffing companies known as Allegis Group, which owns Aerotek and TEKsystems. He and his cousin Jim Davis started Aerotek in 1983, and once his company grew into the largest privately held staffing firm in the U.S., Bisciotti was ready to get his hands on a sports team, namely the Ravens. He has held control of the team since 2000 when NFL owners initially approved the sale of 49 percent of the team to Bisciotti, and now he is the second youngest owner in the NFL.