US EditionHow Billionaire Mark Walter, Set to Own the Controlling Stake in Lakers, Made His Fortune
- Mark Walter, who has held a partial ownership stake in the Los Angeles Lakers since 2021, is moving forward with a deal to acquire a controlling interest in the team.
- The Buss family has owned the Lakers since 1979 and decided to sell their majority 66% share, with all six children reportedly agreeing to the sale.
- Walter leads TWG Global, which also holds controlling stakes in the Dodgers, Chelsea, and the Professional Women's Hockey League, with a net worth estimated at $6.1 billion.
- The deal values the Lakers at $10 billion, making them the most expensive sports franchise, while Jeanie Buss will retain at least a 15% stake to remain team governor.
- Walter's expanded ownership ends the Buss family's 47-year majority control and positions TWG Global to continue investing in sports and AI ventures.
81 Articles
81 Articles
Historic Shift: Lakers' Iconic Ownership Changes Hands
The Buss family is selling a majority stake in the Los Angeles Lakers, ending a significant era in NBA history. Mark Walter of TWG Global will take majority ownership, while Jeanie Buss remains as governor. This marks a shift from the time since Jerry Buss turned the Lakers into a legendary franchise.
Los Angeles Times
Independent EspañolThe multimillionaire who will take over the majority of Los Angeles Lakers has built a career leading businesses that invest in everything, from sports franchises to artificial intelligence.
What to know about billionaire Mark Walter, the L.A. Lakers’ new owner
The billionaire slated to take over the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estimated to have more than $325 billion in assets. He’s also co-founder and CEO of holding company TWG Global.Forbes estimates Walter’s net worth is $6.1 …
The Daily Advance
Billionaire Mark Walter, set to own controlling stake in Lakers, built fortune in investing
The billionaire slated to take over the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.
Associated Press News
How billionaire Mark Walter, set to own the controlling stake in Lakers, made his fortune
The billionaire slated to takeover the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.
The Los Angeles Lakers, a team in the North American professional basketball league, are being sold for a record sum of $10 billion.
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