9 hours ago
Mark Walter Net Worth: How rich is the potential owner of the Los Angeles Lakers?
Mark Walter just became one of the most powerful figures in the sports world, especially in the US sports arena.
The CEO and founder of holding company TWG Global is set to acquire a majority ownership stake in the Los Angeles Lakers, acquiring it from the Buss family − led by Jeanie Buss − for a $10 billion valuation, ESPN reported.
The Lakers are one of the most recognizable sports brands in the world, and the sale could mean great things for the team that has won 18 NBA championships. Jerry Buss had purchased the team in 1979, and since then – it has been in the Buss family. He died in 2013, leaving the franchise to his children. His daughter, Jeanie Buss, took over as principal owner. It will be the first time in more than 45 years that the Lakers won't be owned by the Buss family.
This marks the end of an era for one of the NBA's most influential families. Neither Walter nor the Lakers has made a statement about the reported sale.
This sale is not only a monumental day in Los Angeles, but in the United States as it becomes the most expensive purchase agreement of a US pro sports franchise in history. And it has propelled Mark Walter into the focal point of US sports.
Who is Mark Walter?
Mark Richard Walter is an American billionaire investor best known for his leadership in finance and high-profile sports team ownership.
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The CEO and co‑founder of Guggenheim Partners, a global financial services firm managing over $320 billion in assets, also founded TWG Global, a diversified holding company in industries ranging from finance to sports.
Walter became the principal owner and chairman of the Los Angeles Dodgers (MLB) after acquiring them in 2012 for about $2.1 billion. Under his tenure, they've won World Series titles in 2020 and 2024.
He is also involved with the LA Sparks (WNBA), Andretti Global (Formula 1 — Cadillac F1 team), the Professional Women's Hockey League, and has minority stakes in Chelsea FC, RC Strasbourg, among others.
The Chicago‑based financier, along with transforming a massive investment firm into a sports empire, has also ventured into championing various philanthropy and conservation efforts.
Net worth of Mark Walter:
The potential owner of the Los Angeles Lakers' net worth estimates vary depending on valuation methods and timing, but they consistently position him among the world's wealthiest financiers and sports moguls.
While Forbes estimates Mark Walter's net worth at $6.1 billion, according to the Bloomberg Billionaires Index, his net worth currently stands at $12.5 billion, and ranks him No. 226 globally.
These fluctuations are likely to stem from different valuation sources and asset coverage:
Core business holdings:
Guggenheim Partners, handling over $320 billion in assets, is central to his wealth—but exact ownership percentages (likely ~20%) are closely held
Sports investments:
Walter has owned the Los Angeles Dodgers since 2012, which is now valued at approximately $6.3 billion.
Now, with the Los Angeles Lakers deal, his net worth is expected to only increase, given the team's valuation recently hit $10 billion in a historic sale.
He also has stakes in Chelsea FC, LA Sparks (WNBA), Cadillac F1, Professional Women's Hockey League, and other racing entities.
Personal and investment holdings:
Walter holds Stakes in Beyond Meat, Carvana, and a portfolio of insurance and real estate assets, which adds to his whopping net worth.
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