At least thirteen current National Basketball Association, NBA owners have been listed in Forbes Annual list of 400 Richest Americans.
According to the list, the richest NBA owner is Microsoft co-founder and Seattle Seahawks and Portland Trail Blazers owner, Paul Allen, who ranks 26th with an estimated worth of $15.8 billion, while the richest exclusive NBA owner is Magic owner Rich DeVos, who is 60th at $6.8 billion.
Eleven other NBA owners who made the list include Stan Kroenke (Nuggets, $5.3 billion), Micky Arison (Heat, $5.9 billion), Dan Gilbert (Cavaliers, $3.9 billion), James Dolan (Knicks, $3.3 billion), Tom Gores (Pistons, $2.7 billion), Mark Cuban (Mavericks $2.5 billion).
The others are Josh Harris (Sixers, $2.5 billion), Robert Pera (Grizzlies, $1.95 billion), Herb Simon (Pacers, $1.95 billion), Donald Sterling (Clippers, $1.9 billion), Glen Taylor (Timberwolves, $1.7 billion) and Tom Benson (Pelicans, $1.3 billion).
The Man Paul Allen
Paul Allen was born in 1954, in Seattle, Washington. While attending the Lakeside School outside Seattle, 14-year-old Paul Allen met 12-year-old Bill gates, a fellow student and computer enthusiast.
Less than a decade later, in June 1975, Allen and Gates, both college dropouts; Allen, from Washington State University founded Microsoft with the intention of designing software for the new wave of personal computers. By the time Allen arranged for Microsoft to buy an operating system called Q-DOS for $50,000, the company had already supplied software for emerging companies such as Apple and Commodore. Gates and Allen reinvented Q-DOS as MS-DOS and installed it as the operating system for IBM’ PC offering, which dominated the market after its release in 1981.
In 1983, Allen, known as the “idea man” counterpart to Gates’ “man of action,” resigned from Microsoft after being diagnosed with Hodgkin’s disease, and undergoing several months of radiation treatment.
As Microsoft grew and its stock steadily rose, Allen’s share in the company he co-founded made him a billionaire at just over 30 years of age. Meanwhile, Allen began to concentrate on other projects, hoping to find the next big idea lurking somewhere just out of sight.
In 1986, he set up a company called Vulcan Ventures in order to research possible investments; to that end, he founded a Silicon Valley think tank in 1992 called Interval Research. Through Interval Research and Vulcan Ventures, Allen began to put his long-term dream of a wired world society—in which virtually everyone is online—into practice. His total holdings in the cable and Internet businesses is over $25 billion.
His other personal and philanthropic interests include sports (he owns the NBA’s Portland Trailblazers and the NFL’s Seattle Seahawks) and music. On June 23, 2000, his Experience Music Project, a $250 million interactive rock ‘n’ roll museum designed by the architect Frank O. Gehry, opened in Seattle. Allen co-founded EMP with his sister, Jody Allen Patton, who will serve as the museum’s executive director.
In April 2003, he announced he would be spending $20 million to build the Science Fiction Experience, which will open summer 2004. The museum is billed as “entertaining and thought-provoking exhibits and programs.” Allen has also established philanthropic foundations for the causes of medical research, visual and performing arts, community service, and forest preservation.
Allen, with a net worth of around $30 billion, is variably reported to be from the second- to the fourth-richest man in the world (depending on the current value of Microsoft stock