Who Is the Owner of the LA Clippers? Net Worth And More

Emerging onto the scene in 1970, the Clippers' genesis transpired as an NBA expansion franchise in New York, initially recognised as the Buffalo Braves. Swiftly thereafter, they made a transition to San Diego. Nevertheless, this rebranding lasted merely six years. Alongside their on-court endeavours, the franchise found itself embroiled in off-court controversies, spurred by an unauthorised relocation to Los Angeles. Nonetheless, under new ownership and amidst mounting.

Ex-CEO of Microsoft, Steve Ballmer is the owner of the LA Clippers.

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Who is the Owner of the LA Clipper?

Former Microsoft CEO, Steve Ballmer, commands ownership of the Los Angeles Clippers. Garnering the accolade of the world's wealthiest sports team proprietor on eight occasions following his acquisition of the team, Ballmer's reign faced a formidable challenge in the shifting dynamics of 2023. Mukesh Ambani of India ascended to the throne, toppling Ballmer from his perch, courtesy of his ownership of the Mumbai Indians in the Indian Premier League.

At 67 years old, Ballmer commands a staggering net worth of $111.5 billion, securing a position among the top 10 wealthiest individuals globally. Additionally, as of 2023, the LA Clippers boast an estimated valuation ranging from $4.5 to $5 billion. This luminary of the tech world once served as an assistant to Bill Gates and held the CEO position at Microsoft from 2000 to 2014. Despite initially planning an extended tenure at Microsoft, Ballmer opted for a change, venturing into other realms. With his dynamic personality, he has endeared himself to fans and earned the admiration of players in Los Angeles.

In less than a decade, this billionaire has revolutionised the basketball landscape of the franchise through his optimistic approaches. Beyond the confines of the court, Ballmer has left an enduring imprint on the city. In addition to revitalising over 300 basketball courts, the visionary owner has set his sights on a more ambitious endeavour — establishing the franchise's very own arena. As the franchise sets its sights on its inaugural NBA championship, Ballmer stands poised to unveil the official Clippers arena in Inglewood ahead of the 2024-25 season.

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Steve Ballmer Networth

According to Forbes, Steve Ballmer has a net worth of $120.1B(realtime) making him the 9th richest person in the world. Ballmer embarked on his journey at Microsoft over four decades ago, initially serving as an assistant to the president, albeit assuming the role of a business manager for the rapidly expanding software giant. Through his unwavering dedication and strategic acumen, he ascended the corporate hierarchy, eventually attaining the positions of president and subsequently CEO, succeeding Gates. In 2014, the same year he acquired ownership of the Los Angeles Clippers basketball team, Ballmer decided to step down from his role as CEO.

The lion's share of Steve Ballmer's considerable wealth stems from his ownership of 333.3 million shares of Microsoft stock, constituting approximately 4% of the company's total outstanding shares. Presently, Ballmer stands as the foremost individual shareholder of the corporation. Commencing in 2024, Microsoft is slated to issue a dividend of $3 per share, translating to an annual dividend payout of $1 billion for Mr. Ballmer. Throughout the years, he has accrued a substantial sum, amassing $13 billion through a combination of stock sales and dividends.

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