IPL 2025 is all set to kick off on March 22, bringing excitement and high-stakes competition. Over the years, the Indian Premier League (IPL) has grown into a global sports phenomenon, thanks to massive investments from business tycoons and celebrities.
Among the wealthiest team owners is Mukesh Ambani, the chairman of Reliance Industries and the owner of Mumbai Indians, with an estimated net worth of around $110 billion.
Another high-profile name is Shah Rukh Khan, the Bollywood superstar and co-owner of Kolkata Knight Riders, with a net worth of approximately $766 million.
These owners bring financial strength and add glamour and strategic expertise to the league. In this article, we’ll explore the richest IPL team owners, their successful businesses, and how their investments have shaped the league’s success.
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List of Top 10 Richest IPL Team Owners and Their Business Empires
Here is a list of the top 10 richest IPL team owners and their business empires:
1. Mukesh Ambani (Mumbai Indians)
Source: People.com
- Net Worth: Approximately $92.8 Billion (₹8,087 lakh crore)
- Business Empire: Reliance Industries, a multinational conglomerate with interests in petrochemicals, telecommunications (Jio), retail (Reliance Retail), media (Network18), and more
Mukesh Ambani owns the Mumbai Indians; he is also the richest man in India. His company, Reliance Industries, runs the team through IndiaWin Sports. Reliance is a giant in oil, gas, telecom, retail and Jio, a massive telecom network.
He bought the Mumbai Indians in 2008 for $111.9 million. The team has won five IPL titles. His wife, Nita Ambani, and son, Akash, help manage it.
Reliance also invests in entertainment and energy. Mumbai Indians are a top IPL brand, rising from $12 billion in 2024 to $119 million in 2025.
2. Steve Koltes, Donald Mackenzie, and Rolly van Rappard (Gujarat Titans)
Source: ZapCricket
- Net Worth: Approximately $207.98 billion (CVC Capital Partners)
- Business Empire: CVC Capital Partners, a global private equity and investment advisory firm.
CVC Capital Partners, a global private equity firm, owns the Gujarat Titans (GT). In 2021, CVC Capital Partners acquired the Gujarat franchise for ₹5,625 crore. The company has investments in various industries, including sports, healthcare, and financial services.
Gujarat Titans made a stunning debut in IPL 2022, winning the championship in their very first season. However, they sold a majority stake to Torrent Group.
They took over majority stakes in 2025 from CVC Capital Partners. Torrent is an Ahmedabad-based conglomerate in pharmaceuticals, power, and gas. Their wealth is tied to a ₹17.9 billion empire.
They bought 67% of GT after CVC’s $745 million deal in 2021. The team’s value is $124 million in 2024. Torrent also bid for other IPL teams earlier. Their sports arm, Torrent Sports Ventures, drives GT’s growth. It’s a rising name in cricket.
3. N. Srinivasan (Chennai Super Kings)
Source: Buisness Standard
- Net Worth: Approximately $10 billion
- Business Empire: India Cements, a leading cement manufacturer in India.
Srinivasan, former president of the Board of Control for Cricket in India (BCCI), owns the Chennai Super Kings (CSK) franchise.
He worked at India Cements, a leading cement manufacturing company, where he rose to the position of Vice Chairman and Managing Director.
His influence extended beyond business, as he played a key role in cricket governance. He served as the Secretary and later became the President of the Board of Control for Cricket in India (BCCI).
He also held the prestigious position of Chairman of the International Cricket Council (ICC). In 2008, he made a historic move by purchasing the Chennai Super Kings (CSK) franchise for $91 million.
Under his leadership, CSK grew into one of the most successful IPL teams. In 2022, CSK became India’s first sports unicorn, with a market capitalisation of ₹7,600 crores. A year later, in 2023, the team secured its fifth IPL trophy, further cementing its dominance in the league.
4. JSW Group and GMW Group (Delhi Capitals)
Source: The Indian Express
- Net Worth: Approximately $7.68 billion (JSW) and $3.2 billion (GMR)
- Business Empire: GMR Group (infrastructure) and JSW Group (steel, energy)
Parth Jindal, managing director of JSW Cement and director of JSW Sports, co-owns the Delhi Capitals (DC) along with the GMR Group. JSW Group is a conglomerate with interests in steel, energy, infrastructure, and cement.
According to Forbes, G.M. Rao has a real-time net worth of $3.2 billion (₹27,477 crore). The JSW Group, valued at $24 billion, is one of India's top business conglomerates.
The GMR Group, a major player in property development and infrastructure, purchased the Delhi Capitals franchise for $84 million in 2008. Over the years, the team became a strong competitor in the IPL.
In 2018, the JSW Group, one of India's leading multinational conglomerates, joined the ownership by acquiring 50% of the stakes for ₹550 crore.
In 2025, the Delhi Capitals were valued at US$80 million, placing them among the most valuable IPL teams.
5. Sanjeev Goenka (Lucknow Super Giants)
Source: The Financial Express
- Net Worth: Approximately $4.5 billion
- Business Empire: RPSG Group, with interests in power, real estate, and retail1.
Lucknow Super Giants (LSG) is owned by the RPSG Group, a powerful Indian business conglomerate with a legacy of over 100 years.
Leading the group is Dr Sanjiv Goenka, who secured the franchise in 2021 for a staggering ₹7,090 crore—the highest amount ever paid for an IPL team.
LSG made the playoffs in its first two seasons. The team’s value is $60 million in 2025. Goenka owns CESC Limited and Spencer's Retail. LSG reflects his vision for sports and business growth.
6. Kalanithi Maran (Sunrisers Hyderabad)
Source: Mint
- Net Worth: Approximately $2 billion
- Business Empire: Sun TV Network, a major media conglomerate in South India.
Kalanithi Maran, founder and chairman of Sun Group, owns the Sunrisers Hyderabad (SRH). Sun Group is one of India's largest media conglomerates, with interests in television, newspapers, FM radio, DTH services, and film production.
Maran’s wealth is around $2 billion. He bought SRH in 2012 for $158 million after the Deccan Chargers shut down.
The team won the IPL title in 2016. SRH’s value reached $85 million in 2024. His daughter, Kaviya, often cheers for the team at matches. Sun TV Network is a leader in South Indian entertainment. It broadcasts popular shows and movies.
7. Anand Kripalu (Royal Challengers Bangalore)
Source: Exchange4media
- Net Worth: Approximately $1.2 billion
- Business Empire: United Spirits, a subsidiary of Diageo, a global beverage company
Royal Challengers Bangalore (RCB) is owned by United Spirits Limited, a subsidiary of Diageo, which is one of the world's largest producers of spirits and beers.
USL is behind some of the world's most popular brands, including Johnnie Walker, Smirnoff, and Black & White. Interestingly, RCB's name comes from USL’s Royal Challenge brand.
Despite not having clinched an IPL title yet, RCB remains one of the most popular franchises, known for its strong batting lineup and massive fan following. As of 2025, RCB holds a valuation of $117 million, ranking among the most valuable IPL franchises.
8. Manoj Badale and Lachlan Murdoch (Rajasthan Royals)
Source: The Financial Express
- Net Worth: Approximately $160 million (Emerging Media)
- Business Empire: Emerging Media (sports management) and RedBird Capital Partners (investment firm)
Manoj Badale, a British businessman and co-founder of Blenheim Chalcot, owns the Rajasthan Royals (RR) through Emerging Media.
Blenheim Chalcot is a venture capital firm with investments in various sectors, including technology, financial services, and education. Under Badale's ownership, RR won the inaugural IPL title in 2008.
Emerging Media IPL Ltd., led by Manoj Badale, holds the majority stake of 65% in the team. The U.S.-based equity firm RedBird Capital Partners owns 15%, while Lachlan Murdoch of Fox Corporation also has a stake, though the exact percentage remains undisclosed.
9. Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul (Punjab Kings)
Source: Fantasy Khiladi
- Net Worth: Approximately $10.4 billion (Dabur Group)
- Business Empire: Dabur Group (FMCG), Wadia Group (aviation, textiles), and other investments
Punjab Kings is owned by KPH Dream Cricket Private Limited, with key stakeholders including Mohit Burman, Preity Zinta, Ness Wadia, and Karan Paul.
Mohit Burman, from Dabur India, holds the largest stake at 46%, while Bollywood actress Preity Zinta and Ness Wadia of the Wadia Group each own 23%. The remaining 8% is held by businessman Karan Paul.
In 2022, the franchise underwent a rebranding, changing its name from Kings XI Punjab to Punjab Kings. While the name changed, the team's ambition remains the same—to secure their first IPL title.
As of 2024, the brand value of Punjab Kings (PBKS) was reported to be $68 million, reflecting a 49% growth from the previous year.
10. Shah Rukh Khan, Juhi Chawla, and Jay Mehta (Kolkata Knight Riders)
Source: Lifestyle Asia Hong Kong
- Net Worth: Approximately $9.77 million (85 crore INR)
- Business Empire: Red Chillies Entertainment (film production), Mehta Group (real estate)
The franchise is owned by Knight Riders Sports Private Limited, where Shah Rukh Khan’s Red Chillies Entertainment holds a 55% stake, while the Mehta Group owns the remaining 45%.
Although KKR had a slow start, their first title win in 2012 changed everything. Since then, the team has won three IPL championships (2012, 2014, and 2024).
As of 2025, the brand value of Kolkata Knight Riders (KKR) is approximately $109 million. This represents a significant increase from previous years, with a growth rate of about 38% in 2024.
KKR is among the top four most valuable IPL teams, alongside Chennai Super Kings, Mumbai Indians, and Royal Challengers Bangalore, all of which have surpassed the $100 million mark in brand value.
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