Justin Birnbaum is a New York City-based staff writer who covers the business of sports.
Illustration by Stephanie Jones for Forbes; Photos by Guerin Blask for Forbes; Roslan Rahman/Getty Images; Sam Hodde/Getty Images; Todd Kirkland/Getty ImagesWyc Grousbeck’s Boston Celtics are looking to win a record-breaking 18th NBA championship, while Mark Cuban, Miriam Adelson and the Dallas Mavericks are trying to score the franchise’s second title.
But even if making a lot of money wasn’t Grousbeck’s intention, that hasn’t stopped the franchise from doing just that. The Celtics are the’ estimate, Boston is now worth $4.7 billion, including debt, a roughly 1,200% increase over the price Grousbeck and his partners paid. That exponential growth has also translated into considerable wealth;They’re not the only ones getting rich off the NBA’s rapid growth this century.
Confident in the vision he had to make the team better, Grousbeck met with then-Celtics owner Paul Gaston at his Manhattan townhouse. Ten minutes later, he walked out with a handshake agreement. “Anybody on Wall Street could have gone and bought this team because it was public, it was right there,” Grousbeck says. “But I was the one that made the call and got the appointment, and he named what he called a crazy number, and I just accepted it on the spot and made it work.
By the time Cuban purchased the franchise for $280 million in 2000, he had already become quite wealthy. The son of working-class parents, he founded software reseller MicroSolutions in 1983 and. “The day I sold MicroSolutions, I took of my watch and said I’m never going to wear a watch again because I never want to be on anyone else’s time,” Cuban said recently on. A brief retirement ensued, but it didn’t last long.
Dallas Mavericks Mark Cuban Dallas Mavericks Miriam Adelson Dallas Mavericks Mark Cuban Miriam Adelson Marck Cuban Net Worth 2024 NBA Finals Irving Grousbeck Tom Werner Wyc Grousbeck Net Worth Mark Cuban How Rich
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