After shelling out a record-breaking sum of approximately $10 billion, Mark Walter is soon to be the new owner of the Lakers.
After shelling out a record-breaking sum of approximately $10 billion, Mark Walter is soon to be the new owner of the Lakers.
The 65-year-old Walter, a businessman with a net worth of $12.5 billion, according to the Bloomberg Billionaires’ index, agreed to buy the Lakers from the Buss family in the largest-ever sale of a U.S. sports franchise, ESPN’s Shams Charania reported Wednesday.
He’s the CEO of Guggenheim Partners, a financial services firm with more than $325 billion in assets, and of TWG Global, a multinational holding company.
And he’s also no stranger to sports ownership and investment.
Walter is the primary owner and chairman of the Dodgers, and he also has financial interests in several other sports teams and enterprises, including Chelsea FC, the Los Angeles Sparks, the Cadillac Formula 1 racing team, the Billie Jean Cup and the Professional Women’s Hockey League.
