What is Golden State Warriors owner Joe Lacob's net worth? All you need to know
Golden State Warriors owner Joe Lacob has become one of the most successful owners in professional sports.
Since buying the Warriors back in 2010, Lacob has overseen the team's rise to become one of the premier franchises in the NBA. Golden State has already won four NBA championships during his tenure with the team.
Following the Warriors' recent success, Joe Lacob now has a net worth of $1.5 billion as of 2022, according to Forbes. Here is what Lacob’s net worth consists of.
The majority of his earnings have come from him working at venture capital firm Kleiner Perkins. Lacob first began working for the firm in 1987 and was eventually made partner. He has since led investments in over 50 startup companies.
Lacob has used his business earnings to invest in the NBA. He became a minority owner of the Boston Celtics in 2006 and was even part of their 2008 championship run. However, Lacob later sold his stake in the Celtics in 2010 to be able to invest an even bigger stake in the Warriors.
Joe Lacob’s purchase of the Golden State Warriors
In 2010, Joe Lacob and other investors, including Mandalay Entertainment CEO Peter Guber, together purchased the Golden State Warriors for $450 million. This was shortly after Golden State drafted soon-to-be franchise guard Steph Curry.
Lacob had a passion for the Warriors at the time and was determined to restore the team to greatness.
"I am incredibly excited to have the opportunity to be the next steward of this storied NBA franchise. This is my dream come true," Lacob said at the time of the sale (via ESPN).
"Peter (Guber) and I intend to do what we do best — innovating and building. It is our passion to return the Warriors to greatness and build nothing short of a championship organization that will make all of us in the Bay Area proud."
Golden State's $450 million sale price was the largest for any team in NBA history at the time. However, the success of the Warriors and the league in general has made it a terrific investment for Lacob.
They are now the most valuable franchise in the entire NBA, according to Forbes, with a value of $7 billion. This means Lacob’s 25% stake in the Golden State Warriors is now worth $900 million.
Outside of his business earnings and his NBA ownership, Joe Lacob has also invested heavily in real estate. He reportedly purchased a Malibu beach house for $29 million in Sept. 2019. Lacob also owns a 14,000 square-foot mansion in Atherton, California, which he purchased for $19.8 million back in 2007.
For more on Lacob's net worth, click here.
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