Super Bowl Billionaires reportFinal - Inequality.orgPandemic Super Bowl 2021: Billionaires Win, We...

PandemicSuperBowl2021:BillionairesWin,WeLose2

ResearchTeam:FrankClemente,ChuckCollins,AriannaFano,OmarOcampo,andWillRice.

CoverDesign:SarahGertler,InstituteforPolicyStudies

Acknowledgements:WewouldliketothankNeilDeMauseatFieldofSchemesforhishelpinidentifyingstadiumstudies. WewouldliketothanktheteamatForbesfortheirrealtimebillionairenetworthresearch.

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CONTENTSKeyFindings…………………………………………………………………………………4TheBillionaireSportsBarons………………………………………………………..5BillionaireWealthGainsDuringthePandemic……………………………….7StadiumTaxpayerSubsidiesBoostBillionaires…………………………..….8ASamplingofBillionaireTeamOwners………………………………..………10Meanwhile,AmongtheFansWatchingtheGameonTV…………………13Recommendations……………………………………………………………………….14MethodologyandSources……………………………………………………………17


KEYFINDINGS• Sixty-fourbillionaires, ownersof68professional sports teams,have seen

theirwealthincreasebyover$98.5billion,or30percent,overthelast10months,basedonForbesdata,evenasmillionsof fanshave fallen ill, lostjobs,nearedeviction,gonehungryanddiedduetothecoronavirus.

• The $98.5 billion wealth gain by 64 sports franchise billionaires sinceMarch2020couldpay for a stimulus checkof $1,400 forover70millionAmericans—almost half of the roughly 150 million people who will beeligibleunderthepandemicreliefplanproposedbyPresidentBiden

• These billionaire owners include the AFC championKansas City Chiefs’Hunt family, worth $6.3 billion, and the NFC champion Tampa BayBuccaneers’Glazerfamily,worth$1.7billion.

• The64billionairesportsbaronshadacombinedwealthof$426billiononJanuary29,2021,upfrom$326billiononMarch18,2020,roughlythestartof thepandemic lockdowns. (The increasein totalbillionairewealth fromMarch to Januarywas$100billionbuthasbeenadjusted to$98.5billionbecauseonebillionaireonlyreachedthatstatusinJanuary2021.)

• Overthepastfiveyears,thecollectivewealthofthese64sportsbillionairesshotup$165billion,or67percent.Theircombinedwealthof$247billioninMarch2016hadgrownto$426billionbyJanuary29ofthisyear.

• Over the past several decades, according to data maintained by Field ofSchemes,28pro sports teamsownedby26billionaireshave received$9billion in taxpayersubsidies.These26billionaireshaveseen theirwealthincreaseover$45billionsinceMarch2020.(Ninebillionairesonthelistin2021 were not billionaires in 2016 accounting for the $14 billiondiscrepancy.)

• TheKansas City Chiefs received $250million in taxpayer subsidies forstadiumrenovationsin2006.Taxpayersprovidedatotalof$218millioninsubsidies for construction and renovation of the Buccaneer stadium in1998and2015.

• Thewealth increasesofbillionaire sports-teamowners is justpartof thedominanceofanationaldynastyof661U.S.billionaireswhosewealthhasgrownby$1.2trillion,or40percent,duringthepandemic,climbing from$2.9trilliononMarch18,2020,to$4.13trillion,asofJanuary29,2021.


THEBILLIONAIRESPORTSBARONSNomatterwhowinsSuperBowlLV,thebigwinnersinourCOVID-ravagedeconomyincludedozensofbillionairesports-teamowners.

SixtyU.S. billionaires—roughly one in ten of the country’s total billionaires—ownoneormoremajorleagueprofessionalsportsteamsintheNationalFootballLeague(NFL), Major League Baseball (MLB), National Basketball Association (NBA), andNational Hockey League (NHL). Four other billionaires—three from Canada andonefromGermany—ownfouradditionalteams.

These 64 billionaires, who together own or co-own 68 professional sportsfranchises, had a combined wealth of $426 billion on January 29, 2021, up from$326billiononMarch18,2020,accordingtoForbesdataanalyzedbytheInstitutefor Policy Studies (IPS) andAmericans forTax Fairness (ATF). This $98.5 billionsurgeinwealthwasa30%jump.[SeeTable2inAppendix](TheincreaseintotalbillionairewealthfromMarchtoJanuarywas$100billionbut isadjustedto$98.5billion becauseone billionaire, the Glazer family were new to the list in January2021.)

Last March is when the nation’s emergency response to the deadly virus threwprofessional sports alongwith the rest of society into turmoil. Thousands of low-paid stadium and arena workers lost their jobs or were furloughed as sportsseasonswerecancelledandcurtailed.

The$98.5billionwealthgainby64sports-franchisebillionairessinceMarch2020couldpayfor:

• Astimuluscheckof$1,400forover70millionAmericans—almosthalfof theroughly150millionpeoplewhowillbeeligibleunderthepandemicreliefplanproposedbyPresidentBiden.

• Morethanone-thirdofthe$290billioncostofproviding$400-a-week supplements to existing unemployment benefits throughSeptember, as proposed by President Biden in his COVID rescueplan.

This$98.5billionwealthwindfallforsportsbaronsissimilartothewealthgainsofthewhole U.S. billionaire class sincemid-March. (See data here.) Additional jointresearchonbillionairewealthbyATFandtheIPSisavailablehere.

Overthepastfiveyears,thecollectivewealthofthesesportsbillionairesshotupby$165billion,or67percent,growingfrom$247billioninMarch2016to$426billionas of this January 29. [See Table] (The increasein total billionaire wealth fromMarch to January was $179 billion, but is adjusted to $165 billion becauseninebillionaireswerenewtothelistinJanuary2021butnotonthe2016list).


ThoughonlyoneoftheirteamswilllifttheLombardyTrophyasSuperBowlchampsthisyear,boththeChiefs’Huntfamily—specifically,RayLeeHuntandW.HerbertHunt—and the Bucs’ Glazer family will continue their long reigns among thenation’sbiggesteconomicwinners.TheHunts’networthisestimatedbyForbesat$6.3 billion, up $482million during the COVID crisis. TheBuc’s Glazer family isworthanestimated$1.7billion,accordingtoWealth-X.


BILLIONAIREWEALTHGAINSDURINGPANDEMIC

Thewealthincreasesofbillionairesportsteamownersisjustpartofthedominanceof a national dynasty of 661 U.S. billionaires whose wealth has grown by $1.18trillion,or40percent,duringthepandemic,climbingfrom$2.9trilliononMarch18,2020,to$4.13trillion,asofJanuary29,2021(fullbillionairedataavailablehere).

The surging stock market and lock-down economy has been a boon to techmonopolies and helped createdmultiple U.S. “centi-billionaires.” Jeff Bezos, ElonMusk,andBillGateswereeachworthmorethan$100billiononJanuary29,2021.Priorto2020,BezoshadbeentheonlyU.S.centi-billionaire,reachingthatmilestonein 2018. Bezos and other billionaires have experienced eye-popping increases inwealthoverthelast10months:

• Elon Musks’s wealth grew by over $156.4 billion, from $24.6billiononMarch18,2020to$181billiononJanuary29th,anearlyeight-fold increase, boosted by his ownership interest in Tesla.The$181billiongrowthinwealthisalmosteighttimesthe$23.3billionFY2021budgetofNASA,thefederalagencythatMuskhascredited with saving this company with a big federal contractwhenthefirmsrocketswerefailinganditfacedbankruptcy.

• JeffBezos’swealthgrewfrom$113billiononMarch18to$188.6billion,anincreaseof67percent.Addinginhisex-wifeMacKenzieScott’swealthof$57billioninJanuary29,thetwohadacombinedwealth of almost a quarter of a trillion dollars thanks to theirownershipofAmazon.IfBezos’s$75billiongrowthinwealthwasdistributed to all his 810,000 U.S. employees, each would get awindfallbonusof$85,000andBezoswouldbenolessrichthanhewas10monthsago.

• MarkZuckerberg’swealthgrewfrom$54.7billiononMarch18to $97 billion, an increase of over 77 percent fueled by hisownershipofFacebook.

• ThreemembersoftheWaltonFamily—Alice,JimandRob—haveseentheircombinedwealthincreasebyover$38billioninthe10monthssinceMarch2020,throughtheirownershipofretailgiantWal-Mart.TheirtotalcombinedwealthonJanuary29thwasover$201billion.


STADIUMTAXPAYERSUBSIDIESBOOSTBILLIONAIRES

Overthepastseveraldecades,accordingtodatamaintainedbyFieldofSchemes,28prosportsteamsownedby26billionaireshavereceived$9billionintaxpayersubsidiestohelpbuildorupdatestadiumsandarenasandmakeotherinvestmentsbillionairescouldpresumablyaffordontheirown.Thesepubliclysubsidizedteamownershaveseentheirwealthincrease$45billioninthelast10months[SeeTable1].

That public largesse for billionaire sports barons has included both teams in thisyear’s Super Bowl. The Chiefs received $250 million in taxpayer subsidies forstadium renovations in 2006. Taxpayers provided a total of $218 million insubsidies for construction and renovationof theBuccaneer stadium in1998 and2015.

“Every year, wealthy sports team owners rake in more than twobilliondollarsintaxpayersubsidiesfornewstadiumsandarenasthat,accordingtoinnumerableeconomicstudies,providezeromeasurableeconomic benefit to the public. Letting billionaire owners socializetheir costs and privatize their profits has allowed the rich to getricher,whilestarvinglocalgovernmentsofrevenuetopayforschoolsandothergenuinepublicneeds.”

–NeilDeMause,co-authorofFieldofSchemes:HowtheGreatStadiumSwindleTurnsPublic Money Into Private Profit, and editor of the stadium news site,fieldofschemes.com.


TABLE1.TEAM-OWNERBILLIONAIRESWHOHAVERECEIVED$8.9BILLIONINPUBLICSUBSIDIESFORSPORTSVENUES

SportsLeague SportsTeamName BillionaireOwner VenueSubsidy($Millions)

WealthGrowthMar.18,2020toJan.29,2021($Millions)

TOTAL $8,895 $45,196NFL AtlantaFalcons ArthurBlank $700 $1,607NFL CarolinaPanthers DavidTepper $225 $986NFL DallasCowboys JerryJones $465 $433NFL HoustonTexans JaniceMcNair $509 -$55NFL IndianapolisColts JimIrsay $715 -$50NFL JacksonvilleJaguars ShahidKhan $45 $63NFL KansasCityChiefs HuntFamily $250 $483NFL MiamiDolphins StephenM.Ross $100 -$422

NFL/NBA NewOrleansPelicans/NewOrleansSaints GayleBenson $1,440 $65

NFL PhiladelphiaEagles JeffreyLurie $308 $32NFL TampaBayBuccaneers GlazerFamily $218 N/AMLB AtlantaBraves JohnMalone* $350 $1,489

MLB/NBA ChicagoWhiteSox/ChicagoBulls JerryReinsdorf $220 $38

MLB DetroitTigers MarianIlitch* $240 $255NHL DetroitRedWings MarianIlitch* $398 -MLB LosAngelesAngels ArturoMoreno $350 $96MLB TexasRangers RayDavis $500 $181NBA AtlantaHawks AntonyRessler $142 $1,248NBA ClevelandCavaliers DanGilbert $70 $38,271NBA IndianaPacers HerbSimon $1,000 $474NBA MiamiHeat MickyArison $6 $930NBA MilwaukeeBucks WesEdens $505 $36NBA MilwaukeeBucks MarcLasry - -$24NBA MilwaukeeBucks JamesDinan - -$209NBA MinnesotaTimberwolves GlenTaylor $74 -$431NBA OklahomaCityThunder GeorgeKaiser* $115 -$285

NBA/NHL WashingtonWizards/WashingtonCapitals TheodoreLeonsis $50 -$15

*Ownershipviaacorporation,holdingcompany,ownershiporinvestmentgroup.

SeeonlinetablewithlinkstosourcematerialsHERE.


ASAMPLINGOFBILLIONAIRETEAMOWNERS

NATIONALFOOTBALLLEAGUE

Atlanta Falcons: Owner Arthur Blank, co-founder of the Home Depot, saw hiswealth increase 35 percent sincemid-March 2020, shooting up $1.6 billion from$4.6billionto$6.2billion.Overthelastfiveyears,Blank’swealthhasincreased$3.6billion, or 139 percent. The Falcons received a $700 million taxpayer subsidy in2016forstadiumconstructionandfutureupgradecosts.

BuffaloBills:TheBills,wholosttotheChiefsintheAFCchampionship,areownedbyTerrencePegula,whoseestimatedwealthof$5.1billionwasbuiltonfossilfuelsandrealestate.Inthelastfiveyears,Pegula’swealthhasincreasedby$1.1billion,or27.4percent.

LosAngelesRams:AnnWaltonKroenke,whoinadditiontotheRamsco-ownstheNBA’sDenverNuggetsandNHL’sColoradoAvalanche,isanheiressfromtheWal-Mart Walton clan. Over the last five years, Kroenke’s wealth has more thandoubled,from$4.5billionto$9billion.SinceMarch2020,herwealthhasincreased$1.1billion.

NATIONALBASKETBALLASSOCIATION

Atlanta Hawks: Private-equitymogul Antony Ressler, owner of theHawks, hasseenhiswealth increase $2.8 billion or 259percent sinceMarch2016, from$1.1billiontoalmost$4billiononJanuary29,2021.Hiswealthhasrisen$1.2billionor46percentinjustthetenmonthssincethepandemicbeganinmid-March2020.In2017, the Hawks received $142 million in taxpayer subsidies for renovations totheirarena.

Brooklyn Nets: Joseph Tsai, theCanadianbillionaireownerof theNets, sawhiswealth increase $8 billion over the last five years, an increase of 190 percent.Duringthelast10monthsofthepandemic,hiswealthincreased$2.2billionor22percent,from$10billiononMarch18,2020to$12.2billiononJanuary29,2021.

ClevelandCavaliers:QuickenLoanscofounderandCavaliersownerDanGilberthasseenhiswealthjumpaneye-popping589percentsincemid-March2020.That$38.3billionboost inhis fortune isoneof thebiggestpercentage increasesofanyAmericanbillionaire.TheCavaliersreceiveda$70milliontaxpayersubsidyin2017forarenarenovations.

LosAngelesClippers:MicrosoftpioneerandClippersownerSteveBallmer,hasseenhiswealthincrease$27billionsincemid-March2020,ariseofover51percent.Overthelastfiveyears,hiswealthhasincreased$56billionor240percent.


Memphis Grizzlies:Tech titan Robert Pera, at36-years-oldoneof theyoungestbillionaires in the world, owns the Grizzlies. His wealth more than doubled, up$10.1billionor144percent,duringthefirsttenmonthsofthepandemic.Overthepastfiveyears,Pera’swealthhasincreasedmorethaneight-fold,from$2billionto$17.1billion.

(Fromleft)SteveBallmer,DanGilbert,andRobertPera,threeofthehighestpandemic-profiteeringmajorsportsteamownersintheU.S.

MAJORLEAGUEBASEBALL

ChicagoCubs:TDAmeritradefounderandGOPmegadonorJ.JoeRickettsandhis familyownthe Cubs.Hehasenjoyeda141percent,or$1.8billion,pop inhiswealth sinceMarch2016—with$1.2billionof the increase coming in the last tenmonthsalonewhenhegot65percentricher.

LosAngelesDodgers:FinancierMarkWalter,owneroftheDodgers,hasseenhisfortunesurgeby$1.6billioninthepast10months,risingfrom$2.7billionto$4.3billion,orby59percent.

OaklandAthletics:A’sownerJohnJ.FisheristhebillionairesonofthefoundersofclothingretailerTheGap.Hiswealthshotupbymorethan34percent,or$713million,to$2.8billionoverthefirst10monthsofthepandemic.


NATIONALHOCKEYLEAGUE

AnaheimDucks:TechbillionaireandDucksownerHenrySamueli,hasseenhiswealthincrease$2.5billion,or72percent,inthetenmonthssincethebeginningofthepandemic.Overthelastfiveyears,Samueli’swealthhasincreased132percent,from$2.6billionin2016totoday’s$6billion.

Not every billionaire team owner has enjoyed a leap in their fortune during thepandemic.GlenTaylor,ownerofaprivateprintingandelectronicscompanyandoftheNBA’sMinnesotaTimberwolves,hasseenhiswealthdeclineby$430millioninthelast10months,from$2.9billionto$2.46billion.Butoverthelastfiveyearshiswealth increased$669million,or37percent.TheTimberwolves received$74millionintaxpayersubsidiesin2017forarenarenovations.

OneTeamDefinitivelyNOTOwnedbyABillionaire

The Green Bay Packers, who lost to the Tampa Bay Buccaneers in the NFCchampionship, are owned by the citizens of Green Bay, the only professionalfranchisetobecollectivelyownedbyitsfans.


MEANWHILE,AMONGTHEFOLKSWATCHINGTHEGAMEONTV

OrdinaryAmericanshavenotfaredaswellasthebillionairebaronsofprofessionalsportsduringthepandemic:

• 26millionhavefallenillwiththevirusand441,000havediedfromit.[JohnsHopkinsCoronavirusResourceCenter]

• Collectiveworkincomeofrank-and-fileprivate-sectoremployees—allhoursworkedtimesthehourlywagesoftheentirebottom82%oftheworkforce—declined by 1% in real terms from mid-March to mid-December,accordingtoBureauofLaborStatisticsdata.

• Almost74million lostworkbetweenMar.21and Jan.2,2021. [U.S.DepartmentofLabor]

• 18 million were collecting unemployment on Jan. 9, 2021. [U.S.DepartmentofLabor]

• Nearly100,000businesseshavepermanentlyclosed.[Yelp/CNBC]

• 12 million workers have likely lost employer-sponsored healthinsurance during the pandemic as of August 26, 2020. [EconomicPolicyInstitute]

• Some 24 million adults reported between Jan. 6-18 that theirhouseholdhadnothadenoughfoodinthepastweek.FromDec.9-21,between9and12millionchildrenlivedinahouseholdwherekidsdidnot eat enoughbecause thehousehold couldnot afford to fully feedthem.[CenteronBudget&PolicyPriorities(CBPP),Table1].

• Over 15 million adults—1 in 5 renters—reported in January beingbehindintheirrent.[CBPP,Table3]

Becauseoflong-standingracialandgenderdisparities,low-wageworkers,peopleofcolor and women have suffered disproportionately in the combined medical andeconomiccrisesofthepast10months.Latinosaremorelikelytobecomeinfectedwith Covid-19 and Blacks to die from the disease than are white people. Team-ownerbillionairesarealmostexclusivelywhitemen.


RECOMMENDATION:RestoreTaxFairnessTaxreformthatensures thewealthyand thecorporations theyownpay their fairshare—theprinciplePresidentBiden’staxplanisbuilton—wouldtransformagoodchunk of those huge billionaire gains into public revenue to help heal a hurtingnation.Butgettingatthatbigboostinbillionairefortunesisnotassimpleasraisingtaxrates:taxruleslettherichdelay,diminishandevenultimatelyavoidanytaxonthe growth in their wealth.What’s needed is structural change to howwealth istaxed,inadditiontootherchangesbrieflydescribedbelow.

Treat Income Generated from Wealth Like Income from Wages. A gapingloophole in the current tax system must be closed. It allows a lot of incomegenerated fromwealth—stockdividends,and thegains fromthesaleof stockandotherassetslikerealestateoraprivatebusiness—tobetaxedatamuchlowertoprate(20%)thanincomefromwagesandsalaries(37%).Forthisloopholeclosuretobeeffective,however,itisalsoimportanttocloseanotheronethatletsthewealthypass appreciated assets on to their heirs without paying taxes on the increasedvalueofthoseassets.

InstituteSomeFormofaWealthTax.Themostdirectapproachtocombattingtheoutsizedpowerandprivilegeofbillionaires isanannualwealthtaxonthebiggestfortunes, proposed by Senators Elizabeth Warren and Bernie Sanders, amongothers. Another option is the annual taxation of investment gains on stocks andothertradableassets,anideaadvancedbythenewSenateFinanceCommitteechair,RonWyden.Evenunderthecurrentdiscountedtaxratesforinvestmentincome,ifWyden’splanhadbeenineffectin2020America’sbillionairesportsownerswouldbe paying billions of dollars in extra taxes this spring thanks to their gargantuanpandemicprofitslastyear.

RestoreaRobustEstateTax. Sportsdynastiesarebuiltoncontinuedhardworkandcommitmenttoexcellence,buteconomicdynastiesafterthefirstgenerationarejust a matter of pure dumb luck. Since inherited fortunes undermine Americanidealsofself-relianceandequalopportunity,weneedarobustestatetaxtocurbtheaccumulationofdynasticwealth.Sportsfranchisesstayedinthesamefamilyhandsforgenerationsevenwhenestatetaxesweremuchhigherthantoday.

Increase the Corporate Income Tax Rate. Corporations are owned byshareholders,whoareoverwhelminglywealthyandwhite.That’swhythecorporateincometaxisamongthemostprogressiveinthetaxcode.Butthe2017Trump-GOPtax cuts slashed the corporate tax rate by 40%, dropping the rate to 21%,whilemaintainingandevenstrengtheningseveralbigloopholes.Thefirstyearofthelaw,over90profitablecorporationspaid zero federal income taxes.Thecorporate taxrateneedstohikedsignificantlyandloopholesclosed.


TABLE2:BILLIONAIRESPORTSTEAMOWNERS:CHANGESINWEALTH,MARCH2020-JAN2021

SportsLeague SportsTeamName BillionaireOwner

VenueSubsidy

NetWorth

March18,2020($

Millions)

NetWorthJan.29,2021($

Millions)

WealthGrowthfromMar.18toJan.29($

Millions)

%WealthGrowthfrom

Mar.18toJan.29

TOTAL 68Teams62BillionaireOwners&2Families $325,700$425,936 $98,551 30.3%

NFL AtlantaFalcons ArthurBlank Yes $4,600 $6,207 $1,607 34.9%NFL BaltimoreRavens StephenBisciotti No $4,200 $4,634 $434 10.3%

NFL/NHL BuffaloBills/BuffaloSabres TerrencePegula No $5,000 $5,096 $96 1.9%

NFL CarolinaPanthers DavidTepper Yes $12,000 $12,986 $986 8.2%NFL ClevelandBrowns JimmyHaslam No $2,700 $2,866 $166 6.1%NFL DallasCowboys JerryJones Yes $8,000 $8,433 $433 5.4%NFL HoustonTexans JaniceMcNair Yes $4,000 $3,945 ($55) -1.4%NFL IndianapolisColts JimIrsay Yes $3,000 $2,950 ($50) -1.7%NFL JacksonvilleJaguars ShahidKhan Yes $7,800 $7,863 $63 0.8%NFL KansasCityChiefs HuntFamily Yes $5,800 $6,283 $483 8.3%

NFL/NBA/NHLLosAngelesRams/DenverNuggets/ColoradoAvalanche

AnnWaltonKroenke No $7,900 $9,003 $1,103 14.0%

NFL/NBA/NHLLosAngelesRams/DenverNuggets/ColoradoAvalanche

StanleyKroenke No $10,000 $8,284 ($1,716) -17.2%

NFL MiamiDolphins StephenM.Ross Yes $7,600 $7,178 ($422) -5.6%NFL NewEnglandPatriots RobertKraft No $6,900 $6,646 ($254) -3.7%

NFL/NBA NewOrleansSaints/NewOrleansPelicans GayleBenson Yes $3,200 $3,265 $65 2.0%

NFL NewYorkGiants StevenTisch No $1,000 $1,066 $66 6.6%

NFL NewYorkJets RobertWoodJohnson,IV No $2,400 $2,500 $100 4.2%

NFL PhiladelphiaEagles JeffreyLurie Yes $2,700 $2,732 $32 1.2%NFL SanFrancisco49ers DeniseYork No $3,200 $3,244 $44 1.4%NFL TampaBayBuccaneers GlazerFamily Yes N/A $1,685 N/A N/A

NFL WashingtonFootballTeam DanSnyder No $2,600 $2,553 ($47) -1.8%

MLB AtlantaBraves JohnMalone* Yes $5,800 $7,289 $1,489 25.7%MLB BostonRedSox JohnHenry No $2,600 $2,836 $236 9.1%MLB ChicagoCubs J.JoeRicketts No $1,900 $3,129 $1,229 64.7%

MLB/NBA ChicagoWhiteSox/ChicagoBulls JerryReinsdorf Yes $1,500 $1,538 $38 2.6%


MLB/NHL DetroitTigers/DetriotRedWings MarianIlitch* Yes $3,800 $4,055 $255 6.7%

MLB HoustonAstros JimCrane No $1,300 $1,346 $46 3.5%MLB LosAngelesAngels ArturoMoreno Yes $3,300 $3,396 $96 2.9%MLB LosAngelesDodgers MarkWalter* No $2,700 $4,295 $1,595 59.1%MLB NewYorkMets SteveCohen No $13,900 $14,581 $681 4.9%

SportsLeague SportsTeamName BillionaireOwner

VenueSubsidy

NetWorth

March18,2020($

Millions)

NetWorthJan.29,2021($

Millions)

WealthGrowthfromMar.18toJan.29($

Millions)

%WealthGrowthfrom

Mar.18toJan.29

MLB OaklandAthletics JohnJ.Fisher No $2,100 $2,813 $713 33.9%MLB PhiladelphiaPhillies JohnMiddleton No $3,300 $3,397 $97 2.9%

MLB SanFranciscoGiants CharlesB.Johnson* No $4,200 $5,015 $815 19.4%

MLB TexasRangers RayDavis Yes $1,700 $1,881 $181 10.7%NBA AtlantaHawks AntonyRessler Yes $2,700 $3,948 $1,248 46.2%NBA BrooklynNets JosephTsai No $10,000 $12,200 $2,200 22.0%NBA CharlotteHornets MichaelJordan No $2,100 $1,615 ($485) -23.1%NBA ClevelandCavaliers DanGilbert Yes $6,500 $44,771 $38,271 588.8%NBA DallasMavericks MarkCuban No $4,300 $4,243 ($57) -1.3%NBA DetroitPistons TomGores No $5,700 $5,728 $28 0.5%NBA GoldenStateWarriors JoeLacob No $1,200 $1,190 ($11) -0.9%NBA HoustonRockets TilmanFertitta No $4,300 $4,164 ($136) -3.2%NBA IndianaPacers HerbSimon Yes $2,500 $2,974 $474 19.0%NBA LosAngelesClippers SteveBallmer No $52,700 $79,838 $27,138 51.5%

NBA/NHL LosAngelesLakers/LosAngelesKings PhilipAnschutz No $11,000 $10,129 ($871) -7.9%

NBA/NHL LosAngelesLakers/LosAngelesKings EdwardRoski,Jr. No $3,100 $5,480 $2,380 76.8%

NBA LosAngelesLakers PatrickSoon-Shiong No $6,400 $7,013 $613 9.6%

NBA MemphisGrizzlies RobertPera No $7,000 $17,106 $10,106 144.4%NBA MiamiHeat MickyArison Yes $5,100 $6,030 $930 18.2%NBA MilwaukeeBucks WesEdens Yes $1,000 $1,036 $36 3.6%NBA MilwaukeeBucks MarcLasry Yes $1,800 $1,776 ($24) -1.3%NBA MilwaukeeBucks JamesDinan Yes $2,200 $1,991 ($209) -9.5%NBA MinnesotaTimberwolves GlenTaylor Yes $2,900 $2,469 ($431) -14.9%NBA OklahomaCityThunder GeorgeKaiser* Yes $5,600 $5,315 ($285) -5.1%

NBA/NHL Philadelphia76ers/NewJerseyDevils JoshuaHarris No $4,000 $4,886 $886 22.1%

NBA UtahJazz RyanSmith No $1,300 $1,300 $0 0.0%


NBA/NHL WashingtonWizards/WashingtonCapitals TheodoreLeonsis Yes $1,400 $1,385 ($15) -1.1%

NHL AnaheimDucks HenrySamueli No $3,500 $6,023 $2,523 72.1%NHL BostonBruins JeremyJacobs,Sr. No $3,200 $2,618 ($582) -18.2%NHL DallasStars BobGaglardi No $2,500 $2,800 $300 12.0%NHL EdmontonOilers DarylKatz Yes $3,200 $3,600 $400 12.5%NHL FloridaPanthers VincentViola No $2,000 $2,704 $704 35.2%NHL PittsburghPenguins RonBurkle No $1,400 $1,420 $20 1.5%NHL SanJoseSharks HassoPlattner No $12,400 $15,200 $2,800 22.6%

Notes:

JaniceMcNair'snetworthincludesthe$3.3billionfromherlatehusband,BobMcNair.

GayleBenson'snetworthincludesthe$2.2billionfromherlatehusband,TomBenson.

TheHuntfamily'snetworthincludesRayLeeHuntandW.HerbertHuntcombined.

TheGlazer family'snetworth includesBryanHunt, JoelHunt,AvramHunt,EdwardHunt,KevinHunt,andDarcieKassewitzcombined.

Sources:

March,2016data:Forbes2016WorldBillionairesReport,March1,2016

March 18, 2020 data: Forbes, "Forbes Publishes 34th Annual List Of Global Billionaires"April7,2020

Jan. 29, 2021 data: Forbes, "The World's Real-Time Billionaires, Today's Winners andLosers,"accessedJan.29,2021

SourceforthenetworthsoftheGlazerFamily&RobertWoodJohnson,IVisWealth-X

AbovetablemaybeviewedonlineHERE.

Super Bowl Billionaires reportFinal - Inequality.orgPandemic Super Bowl 2021: Billionaires Win, We...

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