The Business & Pleasure of Sports



<< Previous entry: D Wade and Goldfish promote kids fitness

>> Next entry: The ‘Heat Experience’ in the office

Forbes 400: our team owners and a newcomer to the list


So, billionaires aren’t doing any better in these difficult financial times than we are, according to Forbes, which released its list of 400 richest Americans today.

According to the Forbes report, “The rich haven’t gotten richer – or poorer – this year.” The report goes on to explain that it still takes $1.3 billion – just as it did last year - to be included in the list and the total net worth of the list members grew $30 billion or just 2 percent since last year.

Checking in on our local sports team owners:

Heat owner Micky Arison’s net worth dropped from $5.8 billion in 2007 to $5 billion this year and from 55th to 68th on the list.

Dolphins Managing General Partner H. Wayne Huizenga also saw his worth drop from $2.5 billion and 165th place to $2.2 billion and 205th on the list.

The fortune of new Dolphins owner Stephen Ross, who bought 50 percent of the Dolphins, of Dolphin Stadium and of the land surrounding it from Huizenga for $550 million earlier this year, remained steady at $4.5 billion. But Ross’ spot on the list dropped from 68th in 2007 to 78th this year.

New to the list this year? Norman Braman, the former Philadelphia Eagles owner and Miami auto dealer who has been a thorn in the Marlins’ effort to build a new ballpark since he challenged in court the financing of $3 billion in Miami projects, including the stadium. Forbes says the “swelling contemporary art market” pushed Braman onto the list this year. His net worth is listed at $1.7 billion and he ranks 281 on the list.

Braman didn’t sound too pleased with his inclusion on the list.

“It’s something I would prefer not to see,” he said Thursday afternoon. “I knew about it before. I wasn’t happy, it is what it is.”

Bill Gates still tops the list with a net worth of $57 billion, but even that’s down from $59 billion last year.

Categories: Sports Team Owners (49)


Leave a Reply

COMMENT BOARD GUIDELINES:

You share in the SunSentinel.com community, so we just ask that you keep things civil. Leave out the personal attacks. Do not use profanity, ethnic or racial slurs, or take shots at anyone's sexual orientation or religion. If you can't be nice, we reserve the right to remove your material and ban users who violate our Terms of Service.


Advertisement
About the author
CRAIG DAVIS In more than 33 years at the Sun Sentinel, Craig Davis has written about a wide variety of sports topics from baseball to yachting, fishing to triathlons, and also worked as a copy editor and page designer. Recently he reported on local sports, including running, swimming, cycling, equestrian and beach volleyball. He enjoys sports as a participant as well as a spectator, is active in the South Florida running scene plays in the curling club at Saveology Iceplex. This blog offers a glimpse at the business side of sports in the interest of enhancing enjoyment of the games and sporting options as a spectator as well as a participant.
Connect with me


Search this blog
Get text alerts on your phone


Send me the following alerts:

STORM - Weather Alerts
NEWS - Breaking News Alerts
LOTTO - Lottery Numbers
SPORTS - Breaking Sports News
BIZ - Business news headlines
ENT - Entertainment news headlines
DEALS - Free offers and money saving deals


You can also sign up for by texting any of the above keywords to 23539. Standard messaging and data rates apply.
E-mail newsletters
Get the news that matters to you delivered to your inbox. Breaking news, hurricane alerts, news from your neighborhood, and more. Click here to sign up for our newsletters. It is fast, easy and free!