Breaking down Mark Walter’s major moves in sports, philanthropic causes
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Diverging Reports Breakdown
Breaking down Mark Walter’s major moves in sports, philanthropic causes
Dodgers owner Mark Walter and TWG Global are expected to purchase a majority stake in the Lakers. The Buss family is expected to retain 15% of the franchise, sources told SBJ. Walter is also the co-founder and CEO of Guggenheim Partners, which manages assets valued at more than $345B.
Mark Walter said last spring that he views the role he has with the Los Angeles Dodgers as a custodian for a team that truly belongs to Los Angeles.
He is reportedly about to become a custodian for another of L.A’s treasures.
Walter and TWG Global are expected to purchase a majority stake in the Los Angeles Lakers that values the franchise at $10B, SBJ confirmed. ESPN was first to report the pending sale. The Buss family is expected to retain 15% of the franchise, sources told SBJ.
In 2021, Walter and Dodgers co-owner Todd Boehly purchased 27% of the Lakers from Phil Anschutz and had the right of first refusal should the majority stake in the team ever be put up for sale.
Walter and former Legendary Entertainment owner Thomas Tull lead the $40 billion TWG Global, which this spring raised $15 billion with an anchor investment from Mubadala Capital. At the time, Tull said the firm is “seeking to make large acquisitions and seed new investments in artificial intelligence across the financial services, sports and defense sectors,” according to The Financial Times.
Walter is also the co-founder and CEO of Guggenheim Partners, which manages assets valued at more than $345B. He is worth $12.5B, according to the Bloomberg Billionaires Index.
This latest move, should it come to fruition, continues Walter’s investment in sports and philanthropic causes.
Mark Walter Net Worth: All On Potential New LA Lakers Owner’s Fortune, Holdings, And Properties
Billionaire investor Mark Walter is reportedly set to buy a majority ownership stake of the NBA giants Los Angeles Lakers from the Buss family. The deal reportedly values the franchise at approximately $10 billion, the highest valuation ever for a US professional sports team. CEO of TWG Global, Walter, also co-owns the Dodgers and Sparks. With a net worth of up to $12.4 billion, he’s known for diverse investments and strong philanthropic efforts.
Photo : AP
Mark Walter
Billionaire investor Mark Walter is reportedly set to buy a majority ownership stake of the NBA giants Los Angeles Lakers from the Buss family, according to ESPN. The deal reportedly values the franchise at approximately $10 billion, the highest valuation ever for a US professional sports team.
Walter is the CEO and chairman of the holding company TWG Global and has several high-profile sports ventures. The 65-year-old already holds ownership interests in several major sports entities, including the Los Angeles Dodgers, Los Angeles Sparks, the Billie Jean King Cup, the Cadillac Formula 1 team, and the Professional Women’s Hockey League.
Mark Walter’s Net Worth
Mark Walter has a net worth estimated to range from $6.1 billion (according to Forbes) to $12.4 billion (as per the Bloomberg Billionaires Index). His wealth is rooted in finance, but he has since expanded into technology, real estate, and ownership of elite sports franchises.
Mark Walter’s Holdings
Walter co-founded and leads Guggenheim Partners, a global financial firm managing over $300 billion in assets. Since 2012, he’s been part of the ownership group behind the Los Angeles Dodgers, which was purchased for $2.2 billion and is now valued at around $6.3 billion.
In 2021, he and Todd Boehly acquired a 27% stake in the Lakers for $1.35 billion.
Outside of the NBA and MLB, Walter also holds stakes in women’s professional sports and motorsports. His companies also back ventures like Beyond Meat and Carvana.
Mark Walter’s Properties & Philanthropy