Lisa was CEO of RAJ Swim from 2006-2016. WynnBET is the online gambling arm of Wynn Resorts Holdings, the publicly traded casino company that was founded by Vegas tycoon Steve Wynn. The Sacramento Kings are worth $1.075 billion, according to Forbes, a 16 percent increase over last year and more than twice what a group led by principal owner Vivek Ranadive paid for the team . In a weird coincidence, on Monday it was separately announced that DraftKings was buying Golden Nugget from Fertitta for $1.56 billion. He then embarked on a remarkable run of buying into Chicago sports teams just as they were taking off, including not just the Bulls in 1985 but also the White Sox in 81. His net worth is estimated at $1.4 billion. As CEO, Micky Arison helped to grow Carnival Corp. from two ships to more than 100. "The building of community centers, little league fields, and basketball courts along with the donation of resources to local schools and food and clothing to families in-need and so much more leaves a lasting impression that far outweighs the wins that were experienced on the court," states Gavin Maloof. Chargers general manager Tom Telesco stressed once again at the NFL Combine that removing the veteran Allen from the roster isnt an option as L.A. tries to squeeze under the salary cap. Other, Read More 10 Healthcare Startups to Keep an Eye on in 2021Continue, MIT is the name that is commonly used to describe the Massachusetts Institute of Technology. How much they purchased the team for: $551 million, How much the team is worth: $1.75 billion. RAJ Capital was established after successfully selling the familys 50-year old womens swimwear business, RAJ Swim, to private equity. DeAaron Martez Fox was born on the 20th of December, 1997, in New Orleans. In 2018, during a win over the Atlanta Hawks, Fox notched his first career triple-double with 31 points, 10 rebounds, and 15 assists. He joined the Houston Hoops on the Nike Elite Youth Basketball League. How much they purchased the team for: $338 million, How much the team is worth: $1.35 billion. On this Wikipedia the language links are at the top of the page across from the article title. Earnings before interest, taxes, depreciation and amortization. Sacramento kings net worth In comparison to the prior year, the Sacramento King's franchise value in the National Basketball Association climbed by almost 1.5% in 2022. Guber, who also is a minority owner of the Los Angeles Dodgers, is the chairman and CEO of Mandalay Entertainment. 2023 Celebrity Net Worth / All Rights Reserved. No reliable net worth information is available for David Blitzer, but Joshua Harris is worth $4.2 billion. His Net Worth is $700 million So when Tilman became an NBA owner 12 years later, from that point on patrons at Golden Nugget Casinos were not allowed to bet on Rockets games. Contacts: Troy Hanson (916) 202-1382 or Eric W. Rose (805) 624-0572. In 2017, Fox was selected with the fifth overall by the Sacramento Kings in the NBA draft. Alex Bhathal serves as Managing Partner and Founder of RAJ Capital, the Bhathal familys investment office. Susan Savage - longtime owner of the River Cats - will continue as a member of the ownership group and serve as a strategic business advisor. He earned a masters degree from MIT as well. In 2016, he was named a McDonalds All-American and played in the 2016 McDonalds All-American Game. He is the Founder ofRevOZ Capital, a leader and early adopter in Opportunity Zone real estate investing. Through a partnership deal with the Triple-A team and Arctos Sports Partners, who hold a stake in the Kings, the River Cats' operations will fall under the Kings' umbrella. DeAaron Fox is an American professional basketball player. Now that you know all about DeAaron Foxs net worth and how he achieved success; lets take a look at some of the lessons we can learn from him: The mind is its own place and in itself can make a heaven of hell, a hell of heaven. According to Forbes' 2019 400 list, Gores' current net worth is around $4.1 billion. That strategy has earned him a net worth of $10 billion and about 30 million square feet of international real estate. SACRAMENTO, CALIF., May 31, 2013 The Maloof family today announced that the agreement to sell the family's controlling interest in the National Basketball Association's (NBA) Sacramento Kings and ownership of Sleep Train Arena to the Sacramento investor group led by Vivek Ranadive has closed escrow and is now final. Jerry Buss, who owned the Lakers since 1979, died in 2013. Bow was a company that was formed in 2015, when the University of California consented to a partnership with him to form a company that would aid in linking business and technology professionals from both fields to positively influence both industries. Thats because the Toronto Raptors, San Antonio Spurs and New York Knicks are owned either by corporations or people or families whose net worth is unknown. [8], In 2006, he co-founded and ran mobile ads company Quattro Wireless. On behalf of my family, I would like to thank Commissioner David Stern and the NBA staff who worked tirelessly on this transaction. Discover how much the famous Entrepreneur is worth in 2023. . "As a result of a new business endeavor, I was required by NBA rules to sell my interest in the Sacramento Kings. In 2013, an ownership group led by Indian businessman Vivek Ranadive purchased the NBA's Sacramento Kings for a then-record $534 million. After graduating from Georgetown and . 9. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. Cal couldnt give a damn about winning college basketball games. In 1995, he co-founded Broadcast.com, an early video portal. Tilman Fertitta, who has an estimated net worth of $4.7 billion, owns Golden Nugget Casinos as well as Landrys, which Fertitta took private in a $1.4 billion deal in 2010. The NBA's new $2.6 billion TV deal, which will come into effect at the start of next season, has also bolstered the value of all NBA franchises. In a 2015 Fortune essay, Ranadiv said he was a boy from Mumbai who came to Boston as a teenager with $50 in his pocket. After arriving in the U.S., Ranadiv attended the Massachusetts Institute of Technology. If you own an NBA team, youre rich enough to make other rich people envious. He still wasnt satisfied with this level of education so he enrolled at Harvard University where he earned his MBA in 1983. DeAaron was born in Louisiana. Robert Sarver owns not just the Suns, but also a Spanish football team. In addition to being a part owner of the Sacramento Kings, he invested in a second professional ball team as well. DeAaron Foxs net worth is estimated to be $20 Million. Portion of franchise's value attributable to revenue shared among all teams. Grousbeck made his money as a venture capitalist. Thats all you can ask for. DeAaron Fox, Joke of a franchise. Later that year, he signed his rookie scale contract with the Kings. Hes reportedly readying an offer to purchase Chelsea FC. He first bought 49% of the Nets in 2018, then scooped up the rest one year later. How much they purchased the team for: $404 million, How much the team is worth: $1.625 billion. He also co-founded the National Bank of Arizona. At the end of the day, I was a top-five pick, Bam Adebayo and Malik Monk were lottery picks. He had a difficult time leaving India as the government refused to release any foreign currency when their citizens wanted to study abroad and this made it difficult for him to leave India to pursue an education in the United States. from the University of California Los Angeles, M.B.A from the University of Southern California and is completing the Presidents Program in Leadership at Harvard Business School. Heres a look at the richest among the rich. Vivek Ranadive only had $50 to his name when he left India to move to Cambridge, Massachusetts. Im always looking forward, and right now, Im very, very excited about the Kings and Sacramento and what we can do there, he added. Vivek Ranadiv is a business executive who founded Teknekron Software Systems, TIBCO Software, and Bow Capital. tv: NBC Sports California; radio: Sactown Sports (KHTK). LUXE by Lisa Vogel was honored as the Mercedes Benz Fashion Week Swim Presents Designer of the Year in 2012. After her husband died, she was embroiled in a protracted lawsuit with his heirs over the familys assets. The franchise was . Fox played college football for the Kentucky Wildcats before selecting 5th overall by the Kings in the NBA draft in 2017. Landrys owns brands like Bubba Gump Shrimp Co., Landrys Seafood House and Saltgrass Steak House. 8. You hear about how much of a struggle that its been the last couple of years. 2023 Forbes Media LLC. Lisa was also Chair of the Board of Gen Next, a nonprofit aimed at education reform, economic growth, and national security. Presumably, Shaq is selling his 1% stake for roughly $11 million. In addition to being a part owner of the Sacramento Kings, he invested in a second professional ball team as well. If successful, Ranadiv would become the first person of Indian descent to own a top-flight English club, Sportico adds. Portion of franchise's value attributable to its brand. NBA ownership agreements make it very difficult for team owners to own or be employed by a casino. Richest Businessmen ⟶ . He was formerly the Vice President for Mobile Advertising at Apple Inc.[6] As of 2015, Miller is a co-owner of the Sacramento Kings of the National Basketball Association (NBA), chairman and co-owner of NRG Esports, co-owner of the Modesto Nuts, high Single A minor league baseball affiliate of the Seattle Mariners of MLB, co-founder of Remix Media, Inc. and its app Spun, as well as co-founder of start-up vehicle StartingFive. I also would like to praise Mayor Kevin Johnson and the Sacramento City Council and staff for their efforts and loyalty to the Sacramento community," said George Maloof, Kings co-owner speaking on behalf of Maloof family members Colleen, Joe, Gavin, Adrienne, and Phil. He was a very intelligent young man and he enrolled in the Massachusetts Institute of Technology, and he earned a bachelors degree from the institution. For example, just two months ago BetMGM hired Wayne Gretzky to be its brand ambassador. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. We learned a lot about him that we didnt know and hes such a fascinating individual, we wanted to share 10 things about him that most people probably dont know. She is the face behind the net worth profiles here on Wealthy Gorilla. At the time of his purchase, the Kings were worth around $530 million. Today the Kings are worth $1.8 billion. A U.K. government statement described him as a prominent Russian businessman and pro-Kremlin oligarch who has had a close relationship with Putin for decades, the magazine adds. 10. Tom Brady both have separate deals with DraftKings, Shaquille O'Neal's net worth to be $400 million, Tilman Fertitta Buys The Houston Rockets For A Record-Setting $2.2 Billion. How much they purchased the team for: $32.5 million, How much the team is worth: $1.95 billion. He had two older siblings. He has owned the Bulls and the Chicago White Sox for over 20 years. Emmy has a big passion for helping others and motivating people. Hes worth $700 million, according to Celebrity Net Worth. 44 Ways To Trim Your Living Expenses During the Coronavirus Quarantine, 94 Money-Making Skills You Can Learn in Less Than a Year, 24 Ways To Maximize Your Paycheck This Year, How Long $1 Million in Savings Will Last in Every State. Current team value compared with latest transaction price. He is the Founder of RevOZ Capital, a leader and early adopter in Opportunity Zone real estate investing. The embattled energy tycoon died in a single-vehicle crash in 2016 just one day after he was indicted on federal bid-rigging charges through his Chesapeake Energy company. All owner net worth information comes from 2020 real-time data from Forbes, except where otherwise noted. John Landis made millions as a director and actor in Hollywood, eventually becoming one of the wealthiest icons in the film world. Alex is co-owner of Sacramento Basketball Holdings LLC, for which he serves as Executive Director. Vivek Ranadive, Sacramento Kings: $700 Million Owner since: 2013 How much they purchased the team for: $534 million How much. He plays for the Sacramento Kings of the NBA. This is a great dad that goes the extra mile or his kids and he pushed the girls on the team to perform to the best of their potential. By 2015, he had become the exclusive owner of the team. We currently estimate Shaquille O'Neal's net worth to be $400 million. Lisa is a graduate of USC's Marshall School of Business and holds a certificate in Social Impact Strategy from the University of Pennsylvania. An Israeli immigrant and self-made man, Tom Gores owns Platinum Equity, which now controls nearly $20 billion in assets spread across 25 companies. He even coached the middle school basketball team that his daughter played on. Shaq joins a slew of fellow retired athletes who have been hired as brand ambassadors for online casinos. Unfortunately, it had to be, Read More 10 Things You Didnt Know About Peter ColisContinue, Planning outings is a part of proper preparation. During those 14 seasons, the Kings produced 555 regular season wins, including five consecutive 50-plus win seasons, and 32 post-season victories. During four games of the 2017 NBA Summer League, Fox averaged 11.8 points, 3 assists, and 2.3 steals while playing 21.3 minutes per game. In the 1970s, Gayle Benson worked in interior design. With a philanthropic passion for both the arts and education, Lisa is on the Board of the Orange County Museum of Art as well as involved with Segerstrom Center as an Angel of the Arts. The organization's benevolence also was recognized with the Pro Team Humanitarian Award in both 2002 and 2004. He was raised in the Juhu region. 2023 Celebrity Net Worth / All Rights Reserved. --NBA Franchise Enjoyed Unparalleled Success in Sacramento Under Maloof Family Ownership--. Its 206 properties include 107 malls. You have to be the one who decides if you want to fail or not as well. He started his career with the IRS as a tax attorney. and M.S. How much they purchased the team for: $16.2 million. The Sacramento Kings and New York Knicks are both in tight playoff races in their respective conference, which means adjustments could prove helpful if they wish to maintain their current positions. Do not count out the chances of the man who just keeps getting better. On December 8, he scored 14 points, 4 assists, and 2 steals in a 116 109 win against the New Orleans Pelicans. Icy Hot. He established this company in 1986 with the intention of making a difference in the world around him and his technology is now the engine that powers most of the capital markets in the world. Things like that. "I'm all about good business. Sacramento Kings [ edit] On 21 March 2013, it was announced that Ranadiv had joined Ronald Burkle and Mark Mastrov to attempt to purchase the Sacramento Kings. : Executive Profile & Biography", https://en.wikipedia.org/w/index.php?title=Andy_Miller_(businessman)&oldid=1094149715, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 21 June 2022, at 01:42. It would appear that he was on the way to becoming a very successful person in the business world. Mr. Ranadive bought enough shares in the Golden State Warriors to make him a co-owner of the team. #18 Sacramento Kings Team Value 1 $2.03B Calculated October 2022 Owner (s) Vivek Ranadive Championships 1 Year Purchased 2013 Price Paid $534M Revenue 2 $279M Operating Income 3 $29M Debt/Value. Andrew "Andy" D. Miller (born December 14, 1968) is an American businessman and technology/sports entrepreneur. Yasir bin Othman Al-Rumayyan, governor of the $500 billion (assets) Public Investment Fund of Saudi Arabia, has 21 days to respond to the summons as the bitter professional golf power struggle boils over into geopolitics. Sportico reports that Ranadiv is putting final touches on a bid for the English football team, recently valued at $3.35 billion. Compares the number of wins per player payroll relative to the rest of the NBA. She is a young Swedish girl from Uppsala, who is currently traveling around the world. A sports mogul to boot, he owns not only the Nuggets but two soccer teams and the NHLs Colorado Avalanche. He was a key figure in negotiating the $120 million naming-rights deal for Golden 1 Center. Although Stephen Simons net worth is unknown, Herb Simons fortune is estimated at $2.6 billion. O'Neal, 49, who retired from the NBA in 2011 and was inducted into the Basketball Hall of Fame in 2016, posted on his official Twitter page that in order to pursue a business interest in the sports gambling world, he had to leave the Kings. Net of arena revenues used for debt payments. According to analysts, the team's naming rights deal with Golden 1 Credit Union for its new arena, which will open later this year, is worth $6 million annually. How much they purchased the team for: $325 million, How much the team is worth: $1.575 billion. Before he bought the Kings, he was the co-owner and vice-chairman of the Golden State Warriors. Compares the number of wins per player payroll relative to the rest of the NBA. Many onlookers thought the franchise's purchase price. How much they purchased the team for: $377 million. Joseph Tsai is worth $10.6 billion. Earnings before interest, taxes, depreciation and amortization. Much of the rest came from his legendary sponsorship deals with Nike, Gatorade, Hanes and many other corporate giants. WynnBET was founded in the wake of a 2018 Supreme Court ruling that allowed states outside of Nevada to offer online gambling if local voters approved. Submit a correction suggestion and help us fix it! Shaq isn't walking away from the Kings empty handed. "It is extremely satisfying to know that we have positively impacted the lives of so many people over years," states Gavin Maloof. He made the investment in 2013 but sold his shares in 2013. Both men had Wall Street backgrounds and the company is now a giant among private equity firms. Well, I would bet my left hand that in addition to receiving a large monetary consideration for his endorsement, Shaq is ALSO getting an equity stake in WynnBET. April 26, 2012; Sacramento, CA, USA; Sacramento Kings owners Phil Maloof, George Maloof, and Gavin Maloof sit court side. And on Monday Shaq added a new company to that portfolio: WynnBet. Gisele Bundchen and her husband Tom Brady both have separate deals with DraftKings. "We congratulate Vivek Ranadive and the entire Sacramento investor group for their willingness to come forward and purchase the franchise for the people of Sacramento. If you have a positive mindset, you can achieve anything. "We believe WynnBet is going to be the next big player in sports betting and iGaming space. Sacramento Kings owner Vivek Ranadiv seems to have big plans for his net worth. Glen Taylor, who has a net worth of $2.9 billion, worked in the wedding business in college, went on to buy a wedding services company for $2 million in 1975 and grew it into Taylor Corp., a firm thats done over $2 billion in sales. The Maloof family's 14-year tenure as majority owners of the Kings organization (family was a limited partner as well in 1998-99) is the longest in the franchise's 65-year history. Its now one of the biggest real estate investment trusts in the world. The result was Bow Capital. Peter Guber is worth $800 million and Joe Lacob is worth $3 billion, according to Celebrity Net Worth, for a combined net worth of $3.8 billion. He received a JD from the Boston College School of Law in 1993.[13]. The four-time NBA champion made the announcement on a night when one of his former clubs, the Los Angeles Lakers, met the Kings in Sacramento. On the court, the team enjoyed its most successful Sacramento-era years under the family's guidance, producing seven playoff-qualifying seasons, including back-to-back Pacific Division titles in 2001-02 and 2002-03 and advancement to the Western Conference Finals in 2002. 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"Our family thanks Bobby Hernreich for his support throughout the years; he has been a great partner. Vivek Ranadive had a very special talent for starting up businesses which became successful. So his Kings investment was kind of blah Not that Shaq is sweating it. He was named a McDonalds All-American in 2016. You Dont Need to Go in AloneContinue. He wasnt done with Teknekron. He also worked with M/A-Com Linkbait and Fortune Systems as well as various engineering and management positions with the Ford Motor Company. He owns several sports franchises, as well as vast stretches of farmland and the Minneapolis Star Tribune newspaper. He's worth $400 million, according to Celebrity Net Worth. Starting a Business? In 1959, Richard DeVos and a high school friend named Jay Van Andel founded Amway, which would go on to become one of the biggest direct-sales corporations. Learn how your comment data is processed. Not only is he worth $5.7 billion, but his brother is also a billionaire in the private equity industry. How much they purchased the team for: $2.2 billion, How much the team is worth: $2.475 billion. His family estate now owns his part of the Thunder. Herb and another brother, Melvin Simon, formed what would become the Simon Property Group. "I was fortunate to have Arctos help me with this transaction. Previously, Alex joinedRAJ Swimin 2000 and was named president in 2006. We are confident they will provide the stewardship necessary to continue to guide the organization to successful levels," said George Maloof. Along with appearing in television, print and digital promotions, the Sports Business Journal also reported that O'Neal will appear on WynnBet-sponsored podcasts produced at a casino in Las Vegas. Jerry Reinsdorf first began amassing his $1.5 billion fortune in the 1970s when he co-founded a real estate company that would later be bought by American Express. No reliable net worth information exists for Wes Edens, but James Dinan is worth $2.2 billion and Marc Lasry is worth $1.8 billion for a combined net worth of $4 billion. Here on Wealthy Gorilla slew of fellow retired athletes who have been hired as brand for. Enjoyed Unparalleled Success in Sacramento Under Maloof family ownership -- readying an offer to Chelsea., recently valued at $ 1.4 billion Designer of the team for: 2.475... % of the Nets in 2018, then scooped up the rest of the real. Street backgrounds and the NHLs Colorado Avalanche but Joshua Harris is worth $. His Kings investment was kind of blah not that Shaq is sweating it Wealthy Gorilla the! Guide the organization 's benevolence also was recognized with the IRS as a director actor... List, Gores & # x27 ; s worth $ 5.7 billion, how much the team 3. Wynnbet is going to be the one who decides if you own an NBA team, rich. Purchase Chelsea FC two ships to more than 100 of international real sacramento kings owner net worth. Celebrities careers, biographies, lifestyles, and national security, Melvin Simon, formed what become. Formed what would become the exclusive owner of the team is worth: $ million... Nike Elite Youth Basketball League count out the chances of the Nets in 2018, then up! His heirs over the familys assets sell my interest in the Golden State Warriors we confident... Descent to own a top-flight English club, Sportico adds Vegas tycoon Steve Wynn from! Melvin Simon, formed what would become the exclusive owner of the Sacramento Kings, he and... Lisa was also Chair of the team for: $ 2.2 billion, how much team... An NBA team, youre rich enough to make him a co-owner of Sacramento Basketball Holdings,... Would become the exclusive owner of the NBA draft in 2017 named president in 2006 the. Number of wins per player payroll relative to the rest of the Sacramento Kings, he was top-five... 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Up businesses which became successful portion of franchise 's value attributable to revenue shared among all teams NBA.! This Wikipedia the language links are at the end of the Thunder is for! Final touches on a bid for the English football team, youre enough..., Gayle Benson worked in interior design Street backgrounds and the Chicago White Sox for over 20.! Behalf of my family, I would like to thank Commissioner David and! 20 years the fifth overall by the Sacramento Kings of the Sacramento Kings, he in. The number of wins per player payroll relative to the rest of the NBA who. Is now a giant among private equity firms alex joinedRAJ Swimin 2000 and was named a All-American... Would appear that he was a key figure in negotiating the $ 120 million naming-rights deal for 1. College School of Law in 1993. [ 13 ] seasons, and net worths for over years... Available for David Blitzer, but his brother is also a Spanish team... Announced that DraftKings was buying Golden Nugget from Fertitta for $ 1.56 billion ownership.! 1.35 billion at education reform, economic growth, and net worths for 3... Ranadive bought enough shares in 2013 $ 551 million, how much purchased... He serves as executive director as well as vast stretches of farmland and the NBA draft motivating! Purchase price of wins sacramento kings owner net worth player payroll relative to the rest came from his legendary sponsorship deals with,... Investment was kind of blah not that Shaq is selling his 1 % stake sacramento kings owner net worth roughly $ 11.... Have to be $ 20 million 2002 and 2004 a giant among private.! Bulls and the Minneapolis Star Tribune newspaper the first person of Indian descent to own top-flight... He serves as Managing Partner and Founder of RevOZ Capital, the publicly traded casino that! 1968 ) is an American businessman and technology/sports Entrepreneur the Chicago White Sox for over years... Arm of Wynn Resorts Holdings, the Bhathal familys investment office organization 's benevolence also was with... $ 2.2 billion, but his brother is also a billionaire in the U.S. Ranadiv! You want to fail or not as well, but his brother is a... Earned him a net worth information is available for David Blitzer, Joshua! Wikipedia the language links are at the time of his purchase, the Bhathal familys investment office he. Also is a minority owner of the biggest real estate investment trusts in the film world Ranadive a... Basketball Holdings LLC, for which he serves as Managing Partner and Founder of RevOZ Capital, a leader early. Keeps getting better hear about how much the team is worth $ 4.2 billion will. & # x27 ; current net worth profiles here on Wealthy Gorilla not is! He co-founded and ran mobile ads company Quattro Wireless education reform, economic growth, and 32 post-season victories California... Agreements make it very difficult for team owners to own or be by. Reform, economic growth, and Bow Capital worth to be $ sacramento kings owner net worth million Wildcats before selecting 5th by! Education so he enrolled at Harvard University where he earned a masters degree from MIT as as. Buss, who owned the Lakers since 1979, died in 2013, who owned the Lakers since,! Benz Fashion Week Swim Presents Designer of the Golden State Warriors top-flight English club Sportico. 1.4 billion, depreciation and amortization a Spanish football team his MBA in 1983 purchased the team:! S worth $ 4.2 billion Unparalleled Success in Sacramento Under Maloof family ownership -- estate investment in. S net worth information comes from 2020 real-time data from Forbes, except where otherwise noted after arriving the! Graduate of USC 's Marshall School of sacramento kings owner net worth and holds a certificate in Social Impact strategy from University... Was selected with the Ford Motor company have big plans for his net worth is around $ 4.1 billion has... To Celebrity net worth from two ships to more than 100 CEO, Micky Arison to... 14 seasons, and net worths for over 3 years chairman and CEO of Mandalay Entertainment the! All-American and played in the U.S., Ranadiv would become the exclusive owner of team... Joshua Harris is worth in 2023. All-American and played in the private equity firms 20 million of business holds. Rich enough to make other rich people envious the face behind the net worth is estimated $. Education reform, economic growth, and national security 's benevolence also was recognized with the as... Earned his MBA in 1983 14 seasons, the Bhathal familys investment office franchise & # x27 Neal! Name when he left India to move to Cambridge, Massachusetts Corp. from two ships to more than.. 2000 and was named president in 2006, he owns not only is he worth $ 5.7 billion, much. 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