Forbes Daily: Who Are The Richest Owners In Sports?

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Standing over six feet tall and with long braids, Snoop Dogg was hard to miss as the torchbearer at the Paris Olympics. And he’s become a fixture for all ages.

Snoop’s public image has changed dramatically since he was in and out of prison before his early rap career, thanks in part to shifting attitudes about cannabis and hip-hop—but also his own reinvention.

Coming off his work for NBC at the Olympics, Snoop has never been more popular. This fall, he’ll join The Voice and release a new album produced by Dr. Dre. And yes, America’s favorite stoner uncle is looking for new joint ventures.

“I just think when you’re organic and authentic to who you are, eventually the world will catch up,” he tells Forbes.

Los Angeles Clippers owner Steve Ballmer will start the 2024-25 NBA season in a new arena—the $2 billion Intuit Dome.

In our upcoming edition of The Forbes 400—the definitive ranking of the wealthiest Americans—54 billionaires on the list are the controlling owners of a sports team in a major professional league. The 20 richest owners from that group are now worth a combined $504 billion, according to Forbes estimates, a 32% increase from a year ago.

Nearly a hundred people have died and hundreds more are still unaccounted for after Hurricane Helene made landfall in Florida last week, leaving widespread power outages across six states and historic flooding in North Carolina. In a press conference Sunday, North Carolina Governor Roy Cooper said the state is facing an “unprecedented tragedy.”

Billionaire Peter Thiel offloaded $600 million worth of stock in data mining firm Palantir last week, and he’s not the only insider to do so. Thiel, who cofounded and invested in the company, started the sales one day after Palantir joined the S&P 500, with its share price up 150% from a year ago.

Board game designer Jason Allen spent more than a hundred hours on AI image generator Midjourney to........

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