Chelsea owner Roman Abramovich is no longer among the top 10 richest sports team owners in the world after his finances were hit hard by the Russia-Ukraine conflict.
According to Forbes, Los Angeles Clippers owner Steve Ballmer is now the richest sports team owner in the world with an estimated net worth of $91.4 billion.
He is closely followed by Mumbai Indians owner Mukesh Ambani, who is also estimated to be worth $90.7 billion.
In third place is François Pinault, the owner of Ligue 1 side Stade Rennes, who has a net worth of $40.4 billion.
In March, Abramovich announced his decision to sell Chelsea after pressure was mounted on him in the wake of Russia’s invasion of Ukraine.
The Russian billionaire is said to have close ties with President Vladimir Putin, whose invasion of Ukraine has led to several deaths and injuries.
The UK government subsequently slapped him with several sanctions, including freezing all his assets and stopping him from selling the club.
Vladimir Putin's war in Ukraine, the cost of sanction across the Russian elite and the weakened ruble took its toll on the wealth of Russia's billionaires. https://t.co/5xk1WdDUXS #ForbesBillionaires pic.twitter.com/n9N8cPsLTq
— Forbes (@Forbes) April 5, 2022
This has affected Abramovich’s finances and his net worth has drastically dropped from nearly $15 billion in January to $6.9 billion.
Meanwhile, Abramovich is not the only popular sports team owner currently outside the top 10 richest list.
Real estate and sports magnate Stan Kroenke, who owns Los Angeles Rams, the Colorado Avalanche, the Denver Nuggets and Arsenal, is also way below the pecking order with a net worth of $10.7 billion.
Here are the 10 top 10 richest sports team owners, according to Forbes:
Steve Ballmer – Net Worth: $91.4 billion
Mukesh Ambani – Net Worth: $90.7 billion
François Pinault – Net Worth: $40.4 billion
Dietrich Mateschitz – Net Worth: $27.4 billion
Daniel Gilbert – Net Worth: $22 billion
Masayoshi Son – Net Worth: $21.3 billion
Steve Cohen – Net Worth: $17.4 billion
David Tepper – Net Worth: $16.7 billion
Robert Pera – Net Worth: $14.6 billio
Philip Anschutz – Net Worth: $10.9 billion