MLB

Move Over, Steve Cohen—If the Angels Deal Closes

Stan Kroenke would become baseball’s richest principal owner if the Angels sale closes. Here is the projected top 10, using current Forbes estimates.

Editorial caricature of Stan Kroenke and Steve Cohen in a gold-trimmed baseball owners’ suite
Stan Kroenke and Steve Cohen in an imagined owners’ suite. The Angels transaction remains pending. · Credit: The Sporting Page / Editorial illustration

Steve Cohen, make a little room. Not quite yet—but perhaps soon.

If Stan Kroenke’s agreement to buy control of the Los Angeles Angels closes, the Mets owner would lose his place atop baseball’s wealth table. On Forbes’ September 2 estimates, Kroenke is worth $24.3 billion; Cohen, $23 billion. The difference is $1.3 billion, not a landslide. It is enough to change the name at No. 1.

Kroenke Sports & Entertainment announced the agreement with Arte Moreno on September 1. Financial terms were not disclosed; Forbes summarized reporting of an approximately $4 billion franchise valuation. That is a valuation of the club, not a disclosed cheque for Kroenke’s controlling stake. MLB’s sale report supplies the approval and closing conditions.

The projected top 10

Personal and family fortunes associated with principal MLB ownership
RankOwner / familyClubNet worth
01*Stan KroenkeAngels*$24.3B
02Steve CohenMets$23.0B
03J. Joe Ricketts & familyCubs$9.3B
04Marian Ilitch & familyTigers$7.6B
05Mark WalterDodgers$7.3B
06Charles B. JohnsonGiants$6.7B
07John W. HenryRed Sox$6.2B
08Annette Lerner & familyNationals$6.0B
09John MiddletonPhillies$4.9B
10David RubensteinOrioles$4.5B

The real divide

The striking gap is below Cohen: $13.7 billion separates his estimated fortune from the Ricketts family’s. Kroenke would give that top tier a second member.

But personal wealth is not payroll, and a rich owner is not a promise to spend. For Angels fans, the consequential question is what Kroenke would do with the club—not whether he can edge Cohen on a billionaires list. That begins with the Mike Trout decision.

How to read this list

People, not company valuations. This comparison uses Forbes’ named individual or family fortunes associated with principal ownership groups. It does not add every investor’s wealth or substitute a company’s market capitalization for a person’s net worth. That excludes corporate-owned clubs such as Toronto from this particular comparison.

Families are labelled as families. A Forbes family listing is not necessarily the personal fortune of the relative who runs the team. It also is not the value of that family’s baseball stake. Kroenke’s figure stands alone: his wife Ann Walton Kroenke’s separately tracked fortune is not added.

A dated snapshot, not a closing-day forecast. Estimates move with markets and Forbes’ valuations. The links above are the primary sources; the proposed Angels ownership change is the only hypothetical adjustment.

Read the Angels sale story →