Rank #1786
Joe Lacob
Net worth $2.3B
Golden State Warriors · United States
- Born
- Jan 10, 1956
- Age
- 70
- Source
- Golden State Warriors
- Residence
- Atherton, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 4
- Education
- Master of Business Administration, Stanford University; Masters of Public Health, UCLA; Bachelor of Arts/Science, University of California, Irvine
Net worth over time
Biography
- Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team.
- The value of the team is nearly 15 times more since then, and his 25% stake is worth nearly $2 billion, net of debt.
- The Warriors have won four titles since 2010, and posted the best record in NBA history during the 2015-16 season, with 73 wins.
- Lacob was a minority owner of the NBA's Boston Celtics for five years before selling to buy the Warriors.
- Lacob joined venture capital firm Kleiner Perkins in 1987 and led investments in over 50 startup companies; he is no longer with the firm.