New Angels Owner Stan Kroenke Has Already Made Nearly $20 Billion On His Sports Teams

Forbes Daily Briefing · Sep 15, 2026 · 6m

Major pro sports teams have turned dozens of franchise owners into billionaires many times over in the last quarter-century, but nobody has made as much money from sports ownership as Stan Kroenke. The reclusive billionaire—who announced on Tuesday that he is buying a majority stake in the Los Angeles Angels from Arte Moreno, at a valuation of roughly $4 billion, according to a person with knowledge of the deal—made his fortune in real estate and stands as America’s largest private landowner, with some 2.7 million acres of ranches. But it is his sports team investments from the last three…