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10 Richest Sports Team Owners In America (And How Much They’re Worth)

7. DANIEL GILBERT – $7.4 BILLION

Dan Gilbert

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Daniel Gilbert had the option to purchase 72% of the Cleveland Cavaliers in 2005 for $375 million. This has brought about the head honcho winning over $500 million from his speculation. Gilbert originally earned his wealth after helping to establish Quicken Loans, which remains the biggest home loan bank in the United States.

He sold the organization for $532 million of every 1999, and afterward repurchased it for just $64 million out of 2002. Despite everything he fills in as administrator for the organization. Despite the fact that he just actually possesses just 72% of the Cavaliers, the profits on the speculation are as yet monstrous.

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