Fourteen NBA owners on Forbes 400 richest Americans list


If you’re part of the one percent, an NBA team can make a nice toy.

At least it seems that way after Forbes released its list of the 400 richest Americans on Monday and the list contains 14 NBA owners, something pointed out by Darren Rovell of ESPN. By the way, to answer your first question it is still Bill Gates. As it has been for two decades now.

At the top of the list of wealthy NBA team owners Microsoft co-founder Paul Allen, who owns the Trail Blazers (as well as the Seattle Seahawks of the NFL) and is worth $15.8 billion.

The other owners on the list are: Richard DeVos (Orlando Magic, $6.3 billion), Micky Arison (Miami Heat, $5.9 billion), Stan Kroenke (Denver Nuggets, $5.3 billion), Dan Gilbert (Cleveland Cavaliers, $3.9 billion), Charles Dolan (New York Knicks, $3.3 billion), Tom Gores (Detroit Pistons, $2.7 billion), Mark Cuban (Dallas Mavericks $2.5 billion), Josh Harris (Philadelphia 76ers, $2.5 billion), Robert Pera (Memphis Grizzlies, $1.95 billion), Herb Simon (Indiana Pacers, $1.95 billion), Donald Sterling (Los Angeles Clippers, $1.9 billion), Glen Taylor (Minnesota Timberwolves, $1.7 billion), and Tom Benson (New Orleans Pelicans, $1.3 billion).

Because this is a list of Americans Nets owner Mikhail Prokhorov is not on it. However, if he were he would still be second to Allen, Forbes has estimated Prokhorov’s wealth at $13.5 billion. He’s just more willing to spend it on the luxury tax than anyone else.

Interesting note: Phil Knight, the chairman of Nike and one of the more powerful figures in NBA circles because of his shoes, is richer than any NBA owner. Knight is worth $16.3 billion, according to Forbes. It’s gotta be the shoes! (Also, that is really good news for University of Oregon athletics.)

Kevin Garnett welcomed Bobby Portis to NBA with veteran trash talk

Kevin Garnett
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Kevin Garnett is as good a trash talker as there is in the NBA right now. He’s one of the games’ legendary talkers.

And he welcomed Bulls rookie Bobby Portis to the NBA in his own special way during Saturday’s Chicago/Minnesota preseason game. From Vincent Goodwill of CSNChicago.com.

Beautiful use of the Honey Nut Cheerios reference.

Hoiberg was a teammate of KG’s back in Minnesota from 2003-2005. Hoiberg did nothing but praise Garnett after the game. He’s probably good with KG pushing Portis.

Watch out for Portis this season, he’s going to show he shouldn’t have fallen so far down the board.

PBT Extra bold prediction: Is this Andrew Wiggins’ breakout season?

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Minnesota is going to be entertaining to watch this season. A healthy Ricky Rubio (hopefully) dishing at the point, Karl-Anthony Towns is already a high-IQ passer, and bench players such as Shabazz Muhammad and Adreian Payne have shown some skills.

Then there’s Andrew Wiggins. The reigning Rookie of the Year developed quickly last season — particularly his jump shot — and he should make a big leap this season. He’s going to dunk on people and end up in a lot of highlight packages while putting up a lot of points.

Enough to set the Minnesota Timberwolves single game scoring record, currently held at 52 by Mo Williams? That’s the question for this PBT Extra with Jenna Corrado.