When Mark Robinson bought the Warriors outright last year, it was clear things were never going to be the same. But every time I say that I care about the Uyghurs, Im really just lying if I dont really care.. Businessman Chris Cohan purchased the Golden State Warriors in October 1994 for $130 million, but he didnt enjoy much success on the court. A team statement emphasized, As a limited investor who has no day-to-day operating functions with the Warriors, Mr. Palihapitiya does not speak on behalf of our franchise, and his views certainly dont reflect those of our organization., Latest Company & Industry Overviews News and Updates. The exact breakdown of the franchise's minority owners isn't known, though the team told The Athletic's Zach Buchanan in April 2020 that "around 10" minority partners. The Golden State Warriors have distanced themselves from comments made by Chamath Palihapitiya, a part owner who said that nobody cares about whats happening to the Uyghurs.. Who is the majority owner of the Golden State Warriors? The cookies is used to store the user consent for the cookies in the category "Necessary". Thats to say that a player can earn significantly less than the minimum, if hes on a multiyear deal that nets him a lower salary per year. Joe Lacob and Peter Guber, the Co-Executive Chairmen of the Golden State Warriors, announced today that longtime Silicon Valley venture capitalist Mark Stevens has purchased the equity interests. This cookie is set by GDPR Cookie Consent plugin. Goodell allegedly signed off on a $50 million loan for Snyder in 2018 that was disputed by Washington's minority owners. CNN Sans & 2016 Cable News Network. Irv Kosloff, the majority owner, sold the team to Fitz Dixon in 1976. I care about Americas crippling and decrepit health care infrastructure. Biden signed a bill in December banning imports from the Xinjiang region of China unless it can be proven the goods were not made with forced labor. The small ownership group has previously consisted of tech leaders, including legendary investor and Accel partner Ryan Sweeney, and Atlassian co-founder Mike Cannon-Brookes in addition to the Miller family. 1.2billion USD (2021) Chamath Palihapitiya, a venture capitalist who owns 2 percent of the NBA franchise, expressed cold indifference to the plight of the Uyghurs, an ethnic Muslim minority that has been persecuted in. Im telling you a very hard, ugly truth. He started working for the firm in 1987 and eventually became partner. Last month, the owners of the Golden State Warriors quietly approached the National Basketball Association for approval to sell a minority stake in the team not to another business mogul, but to Guber has produced or executive produced successful films including Rain Man. John Christopher Cohan (born January 2, 1950) is an American entrepreneur who was founder of Sonic Communications and was owner of the Golden State Warriors of the NBA. TimesMojo is a social question-and-answer website where you can get all the answers to your questions. Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team. However, you may visit "Cookie Settings" to provide a controlled consent. It's a site that collects all the most frequently asked questions and answers, so you don't have to spend hours on searching anywhere else. The purchase shocked the world because it was assumed that Oracle co-founder, Larry Ellison the highest bidder, would be the Warriors next owner. The Warriors are now worth $7 billion, said Forbes, 25% more than last year. When Golden State Warriors minority owner Mark Stevens shoved Toronto Raptors guard Kyle Lowry during the 2019 NBA Finals, the calls for a lifetime ban were immediate and numerous. The Warriors entered the season as the defending NBA champions and they set the best ever regular-season record of 739, breaking the 199596 Chicago Bulls record of 7210. A minority owner of the Golden State Warriors is getting shredded on social media for callously admitting he does not care about Uyghur genocide in China. Golden State Warriors operating income from 2001/02 to 2021/22 (in million U.S. dollars). As things stand, the dubious honor of lowest paid player in the league is held by Ishmail Wainright of the Phoenix Suns, who earns a grand total of $633,891. After Tuesday's shootaround, Warriors star Andrew Wiggins was asked about Palihapitiya's comments and made it clear they have different beliefs. Lon Rosen is the Executive Vice President and Chief Marketing Officer for the Los Angeles Dodgers. Net Worth: $4.3 billion. I care about [empty shelves at grocery stores]. IBT Fast Start - Let the best of International News come to you. He sold his stake in the Celtics in 2010 so he could . Home | About | Contact | Copyright | Report Content | Privacy | Cookie Policy | Terms & Conditions | Sitemap. Bernard Arnault & family. They beat out Larry Ellison despite his likely higher bid. He is worth $2.3 billion, according to . The fan was later identified as Golden State Warriors minority owner Mark Stevens. So until we actually clean up our own house, the idea that we step outside our borders, with us morally virtue-signaling about someone elses human rights record, is deplorable.. The Golden State Warriors have distanced themselves from billionaire Chamath Palihapitiya, a minority owner who said on his podcast that "nobody cares" about the Uyghurs in China. We also use third-party cookies that help us analyze and understand how you use this website. In total, the Warriors have won four NBA championships. Tony Ressler, Atlanta Hawks. Pushing Lowry has obscured the life and reputation Stevens had built. This list may not reflect recent changes . The cookie is used to store the user consent for the cookies in the category "Performance". Under the ownership of Eric Watson, between 2000 and 2018, Watson . In a podcast, Palihapitiya made comments about the ongoing treatment of the Uyghur Muslim minority ethnic group in China. Joseph Steven Lacob (born January 10, 1956) is an American business executive who is a partner at Kleiner Perkins and the majority owner of the Golden State Warriors of the National Basketball Association (NBA). CNN has learnt Palihapitiya owns 2% of the Warriors. Some clarifying comments: "In re-listening to this week's podcast, I recognize that I come across as lacking empathy. As a refugee, my family fled a country with its own set of human rights issues so this is something that is very much a part of my lived experience. He also became owner and executive chairman of the Los Angeles Football Club (LAFC) in October 2014. How many owners do the Golden State Warriors have? The $525 million price was the second-most ever paid for an NBA team. Human rights in China is a third-rail topic for the NBA. As a refugee, my family fled a country with its own set of human rights issues so this is something that is very much a part of my lived experience. Chamath Palihapitiya is a Bay Area entrepreneur who was an original member of the Facebook management team. The cookie is used to store the user consent for the cookies in the category "Other. What skills do you need for school cheer? And not even while the Warriors stormed back from the 11-point first-half deficit with a 42-16 stomping in the third quarter on their way to a buoyant 115-91 victory for their fourth win in a row. Nobody cares about whats happening to the Uyghurs, okay? Chamath Palihapitiya, a minority owner of the NBA's Golden State Warriors, said in a podcast that he co-hosts and that aired on Saturday that "nobody cares about what's happening to the. 11:30 PM EST, Tue January 18, 2022, Warriors' minority owner walks back comments on Uyghurs. Stevens became a minority owner of the Warriors in 2013, when he purchased the stake in the team held by current Sacramento Kings principal owner Vivek Ranadive. The Warriors are currently the NBA's second most valuable franchise according to Forbes, which gave the team a valuation of US$5.6 billion in its most recent list, meaning Palihapitiya will have. This cookie is set by GDPR Cookie Consent plugin. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. But opting out of some of these cookies may affect your browsing experience. Copyright 2023 Endgame360 Inc. All Rights Reserved. To be clear, my belief is that human rights matter, whether in China, the United States, or elsewhere. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. He told CNN his new last name comes from what his teammates have been calling him. I care about climate change. Per the report, Snyder has no intention to sell. Joe Lacob's seen his Warriors squad reach the NBA Finals six times since he became their owner in 2010. Following an outpouring of criticism on social media, Palihapitiya addressed his comments on Twitter, posting a statement with the caption reading in part: Important issues deserve nuanced discussions.. Net Worth: $5 billion. 2? The Golden State Warriors have traded forward David Lee to the Boston Celtics in exchange for forward Gerald Wallace and guard Chris Babb, the team announced today. Who did the Warriors trade? Before buying the Warriors from Chris Cohan for $450 million in 2010, Lacob was a minority owner of the NBA's Boston Celtics for five years. He enjoyed a goodrelationship with then-NBA CommissionerDavid Stern, who referred to him in a 2012 interview as a terrific potential owner.. Eagles Players And Coaches As MLR Owners. According to the Wall Street Journal, the team's minority owners are "pressuring" owner Daniel Snyder to sell his majority stake in the team. Thats what the majority owners of the 30 NBA teams have done. Who owns the Golden State Warriors basketball team? As of 2021, according to Forbes, the cheapest NBA team are the Memphis Grizzlies in the Western Conference. Snyder took on the money without approval from the board, which is a . owner Joe Lacob Contribute Now. Freedoms comments have prompted a backlash in China, with Celtics games being pulled by Chinese video streaming site Tencent and the government criticizing Kanters comments. One of the only certainties in pro sports is that your favorite teams front office will screw up. "Nobody cares about what's happening to the Uyghurs, OK?'' Who owned the Warriors before Lacob? Who are the minority owners of the Golden State Warriors? Palihapitiya, who was born in Sri Lanka, later backtracked. They have a value of $1.3 billion and there has been 0% change during 1 year. Warriors minority owner under fire for comments, The paths of KD and Kyrie: How one month changed three franchises and two superstar legacies, 'Not going out this way': Nets, down 28, stun C's, Kerr touts 5-0 homestand: Dubs 'turned a corner', KD: Mavs tilt, Kyrie meeting 'just another game', Owner: Snyder, Fields will bring Hawks success, Isaac has surgery on adductor, done for season, Clips' Powell out at least a week to treat shoulder, LeBron to have tendon injury checked in 3 weeks. The Bills are ranked as the leagues least valuable team, at $2.27 billion. Full stop.''. China has repeatedly denied accusations of human rights abuses in the country. I cant beat him in a bidding process, Lacob told Cohan. LeBron. The Golden State Warriors won their first NBA championship in 40 years when they defeated the Cleveland Cavaliers 105-97 on Tuesday night. "As a limited investor who has no day-to-day operating functions with the Warriors, Mr. Palihapitiya does not speak on behalf of our franchise, and his views certainly don't reflect those of our organization,'' the Warriors said in a statement. His performances resulted in a first cap against Argentina that year. Lacobs purchase of the Warriors was the largest sale of a team in the league's history at that time. But if you give me a price you will absolutely take, I will give you an answer, yes or no.. 2 Who owns the Golden State Warriors basketball team? The team was also named Sports Team of the Year by Sports Business Journal/Daily in 2014 and 2016. The rest of us dont care. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". June 6, 2019 10:49 AM PT. Lacob said that the recent title his team won against the Boston Celtics is the most meaningful one for him. The Sri Lankan billionaire venture capitalist acquired a ten per cent share in the Warriors in 2010 for US$25 million as part of the US$450 million takeover deal. Now Palihapitiya has announced in a Twitter post that he has sold his remaining two per cent stake following Arctos Sports Partners move to increase its slice of the Warriors. On the latest edition of his All-In Podcast, Palihapitiya dismissed the situation in China, which is accused by the U.S. of genocide and crimes against humanity because of the treatment of the Uyghurs Muslim minority population in the Xinjiang region in northwest China. They were the first ever NBA champions in 1947. However, only Cohan knew that Lacob and Guber had gone outside the process that had begun in March 2010. A previous version of this story incorrectly stated the size of Palihapitiyas stake in the Warriors. Palihapitiya, a venture capitalist and is a minority owner of the Warriors and owns just 10 percent of the team He made the comments on his 'All-In' technology podcast 'Of all the things that. His sister, Michele, owns 12.552 percent, and his . . This cookie is set by GDPR Cookie Consent plugin. The Golden State Warriors, who are worth $4.7 billion. Under his ownership, the Warriors won four championships. Sportico first reported on the deal last month. Winning culture is contagious and this team has reinforced many of my existing beliefs, but also challenged me to change my mind on some others., Earlier this year, Palihapitiya faced scrutiny after stating on the All-In podcast that nobody cares about Chinas genocide of its Uighur population in the Xinjiang region, adding of all the things I care about, it is below my line., In response, the Warriors released a public statement on 17th January that read: As a limited investor who has no day-to-day operating functions with the Warriors, Mr. Palihapitiya does not speak on behalf of our franchise, and his views certainly dont reflect those of our organisation.. Dubs' Curry (leg) could return as soon as Sun. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. His obvious point was that if a player . Under Guber and Lacobs leadership, the Warriors won three NBA championships over a four-year period. Boston Celtics center Enes Kanter Freedom was one of the prominent critics of Palihapitiyas comments on the Uyghurs. In [November 2021], after 11+ years, I began a process to sell my ownership in the Warriors. Before buying the Warriors, Lacob was a part-owner of the Boston Celtics, co-invensting in 2006 and present for the team's 2008 championship. Joseph Steven Lacob (born January 10, 1956) is an American business executive who is a partner at Kleiner Perkins and the majority owner of the Golden State Warriors of the National Basketball Association (NBA). Rodgers politely declined to say how much he invested, but Edens and Lasry bought the Bucks for about $550 million in 2014. Palihapitiya made the comment on the All-in Podcast on Saturday, after co-host Jason Calacanis brought up US President Joe Bidens very strong stance on the alleged human rights abuses faced by the Uyghur minority in China. After accounting for taxes, spending and investment returns, Forbes estimates James net worth to be about $850 million. He helped the social media giant grow into the massive company that . Images from the scene appear to show Warriors minority owner Mark Stevens sitting in the number 88 folding chair on Wednesday night when Toronto Raptors guard Kyle Lowry flew into the stands. Freedom has also raised awareness to Chinas treatment of Tibet, Taiwan and Hong Kong, and has more recently called for a boycott of the 2022 Beijing Winter Olympic Games in protest. That the man turned out to be a minority owner of the Warriors was only more fitting, playing into the owners-vs.-players battle that has only intensified as more players have been able to utilize . Full stop., Enes Kanter says he will change his name to Enes Kanter Freedom and become US citizen. As a representative of the Warriors' cash-drenched fan base and part . In re-listening to this weeks podcast, I recognize that I come across as lacking empathy. Ranadiv is the founder and former CEO of TIBCO Software, a multi-billion dollar real-time computing company, and of Teknekron Software Systems. Both of them are co-executive chairmen of the organization. The Golden State Warriors, who are worth $4.7 billion. The Golden State Warriors Will Pay an Extra $68 Million for a $14 Million Player. In the next 11 years, under Katz' ownership, the team won one NBA title and was a contender for some time. What percentage of the Warriors does Peter Guber own? What is the Golden State Warriors best record? With Robert Pera being the owner, the club has an operating income of $22 million. The Warriors appeared destined to land in the hand of one of the richest men on the planet, but he was outmaneuvered by a group led by two businessmen who took a big chance with a maverick move. With a clip of Palihapitiyas comments, Freedom said on Twitter: When [the NBA] says we stand for justice, dont forget there are those who sell their soul for money & business like (Palihapitiya) the owner of (the Warriors), who says Nobody cares about whats happening to the Uyghurs., When genocides happen, it is people like this that let it happen. Warriors minority owner under fire for comments on Uyghurs By JANIE McCAULEY January 18, 2022 SAN FRANCISCO (AP) A Golden State Warriors minority owner who said "nobody cares" about the Uyghurs in China is under fire and the team is distancing itself from him. The NBA did not respond to CNN request for comment. Thanks for contacting us. While he was with the firm, he led investments in over 50 startup companies. "We came back [to the Finals]. The best insights from the ultimate insiders, 2023 NYP Holdings, Inc. All Rights Reserved, been subjected to rape, sterilizations and slave labor, LeBron James tweets apology after Lakers legend rips team, Daniel Jones needs to see big picture in Giants negotiations, Red-hot Jon Rahm no match for wind-swept Bay Hill: 'F--king hard', The Marchand and Ourand Sports Media Podcast, The Show with Joel Sherman and Jon Heyman, Amazin' But True: A NY Mets Baseball Podcast, Gangs All Here: A NY Jets Football Podcast, Kellyanne Conway and George Conway to divorce, Canadian teacher with size-Z prosthetic breasts placed on paid leave. "When @NBA says we stand for justice, don't forget there are those who sell their soul for money & business like @chamath the owner of @warriors who says `Nobody cares about what's happening to the Uyghurs.' The $401 million purchase of the Phoenix Suns in 2004 was at or near the maximum that Cohan could expect to reap. It does not store any personal data. Lacob made the majority of his money from working at venture capital firm Kleiner Perkins. The Warriors are currently the NBAssecond most valuable franchise according to Forbes, which gave the team a valuation of US$5.6 billion in its most recent list, meaning Palihapitiya will have made a significant profit on his investment. kgb answers Sports Basketball How many championships have the golden state warriors won. The cookie is used to store the user consent for the cookies in the category "Analytics". The Golden State Warriors public relations team is distancing the franchise from minority owner, Chamath Palihapitiya, after the billionaire boldly stated "nobody cares" about the Uyghur. All Rights Reserved. O'Neal is hardly the first high-profile addition to an NBA team's ownership group. Both of them are co-executive chairmen of the organization. The Warriors'. The Golden State Warriors issued a statement Monday, distancing themselves from controversial comments made by minority owner Chamath Palihapitiya concerning the ongoing struggle of the Muslim . Los Angeles Lakers minority owner Philip Anschutz is selling his 27 percent stake in the team to Mark Walter and Todd Boehly, two of the owners of the Los Angeles Dodgers, according to Scott . Michael Jordan, who is now the majority owner of the Charlotte Bobcats, became a minority owner of the. Golden State Warriors owners Joe Lacob and Peter Guber stand with team president and COO Rick Welts, Stay up to date with our daily newsletter, Golden State Warriors owner Joe Lacob is exploring multiple options for the draft, Why Jerry West? Pera, who bought the NBAs Memphis Grizzlies in 2012, is the youngest controlling owner in the league. The team generated $765 million in revenue and $206 million operating income during the 2021-2022 season, both the most in NBA history. Kimball Kjar, majority owner of the Utah Warriors, was an All-American Collegiate Player in 2001. The Warriors appeared destined to land in the hand of one of the richest men on the planet, but he was outmaneuvered by a group led by two businessmen who took a big chance with . A striking Thursday report from ProPublica on how billionaire sports owners are able to use their teams to avoid paying millions in taxes includes a section on Golden State Warriors minority owner Dominic Piccinini, better known as the guy who went viral for drinking out of a golden chalice at a game in 2019. Like Sportscasting on Facebook. Not until we can take care of ourselves will I prioritize them over us. Forbes reported on Friday their highest valued teams in sports, and the New York Knicks rank number one in the NBA. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Well, if youre rich enough, you can buy a team. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Is it easy to get an internship at Microsoft? Chamath Palihapitiya speaks during an interview following VirginGalactic Holdings Inc.'s initial public offering on the floor of the New York Stock Exchange in New York, U.S., on Monday, October 28, 2019. Though the Warriors play in Oracle . By clicking Accept All, you consent to the use of ALL the cookies. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. In July 2010, ESPN announced that Guber and Lacob reached an agreement to buy the Warriors for $450 million. Coming in at No. Guber and Lacob are the majority owners of the Golden State Warriors. "I want to give all the credit to these players and coaches. 'Whatever seed we are, we're ready': Is there room for Cleveland among the East elite? China, evidence suggests, has committed genocide and crimes against humanity against Uyghurs. According to Forbes, Lacobs net worth as of May 30, 2022 is $1.5 billion. Billionaire Chamath Palihapitiya, a minority owner of the Golden State Warriors alongside majority owners Peter Guber and Joe Lacob, expressed what he called "a very hard, ugly truth" about China's treatment of its Uyghur minority-Muslim population in the Xinjiang autonomous region. The stagnant pricing ended when Cohan put the Warriors up for sale and a billionaire entered the picture as the presumed buyer. The Golden State Warriors owners are Peter Guber and CEO Joe Lacob. Source of wealth: Real estate development and building shopping malls by Denise's father, Eddie DeBartolo Sr. Eddie Jr. was the owner until being . Fitzgerald and Mieuli have been friends since Fitzgerald became the . But if youre asking me do I care about a segment of a class of people in another country? Guber partnered with Magic Johnson and Guggenheim Baseball Management to buy the Los Angeles Dodgers in 2012. Sign up and stay up to date with our daily newsletter. That particular black owner is none other than sports legend, Michael Jordan who is the principal owner of the Charlotte Hornets. While his net worth remains an eye-popping $1.6 billion, according to Forbes, thats a $500 million drop since the publication last reported his net worth in April 2020. The purchase shocked the world because it was. Shame!''. He added: Im grateful for having been part of one of the greatest teams in history. He has been the chairman and CEO of Sony Entertainment, the president of Columbia Pictures, the chairman and CEO of Polygram Entertainment, and the co-owner and co-chairman of Casablanca Record & Filmworks. Chris Cohan. 1 Who are the minority owners of the Golden State Warriors? We've received your submission. In 2010, the venture capitalist chipped in $25 million to become one of the franchise's co-owners with Joe Lacob, Peter Guber and others. Rosen was influential in guiding Magic Johnson Enterprises to be recognized as one of the most successful minority business companies in the country. According to Sportico, Los Angeles Lakers star LeBron James has now earned over $1 billion dollars between his on-court and off-court endeavors. Warriors Trade David Lee to Boston in Exchange for Gerald Wallace & Chris Babb. 3, 2021 11:23 a.m. Golden State Warriors owner Joe Lacob speaks during the ribbon cutting ceremony of the Chase Center Tuesday, Sept. 3, 2019, in San Francisco. Here is a look at how Lacob became the owner of the Golden State Warriors and how rich he is. The NBA has approved Arctos Sports Partners ' purchase of approximately 5% of the Golden State Warriors, according to multiple people familiar with the sale. One of the only certainties in pro sports is that your favorite teams front office will screw up. James has earned more than $1 billion during his 18-year career, with nearly $400 million in salary and more than $600 million in off-the-court earnings, but that doesnt make him a billionaire. As per reports, Lacob's ownership experience in Boston and the fact that he was a decade-long season-ticket holder were key factors that led Cohan to decide to sell him the team. How much would it cost to buy the Warriors? Copyright IBTimes 2023. Shame!, Visit CNN.com/sport for more news, features, and videos, When asked for their reaction to Palihapitiyas comments, Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian said at a briefing on Tuesday: I have not heard the relevant information you mentioned. The league had a lot of its future growth pegged to its relationship with China, when then-Rockets general manager Daryl Morey tweeted to Free Hong Kong in support of democracy protesters and ignited a firestorm in 2019. Of the three major sports leagues in the U.S., the NFL, NBA, and MLB, only one principal owner is black. Related Questions. Their investment group made a bid to buy the NBA team in 2010. The last two years were very difficult, and everything they [players] had to go through The injuries It's fantastic, and I love everyone for what they have done," Lacob added. Copyright 2023 IBTimes LLC. As things stand, the dubious honor of lowest paid player in the league is held by Ishmail Wainright of the Phoenix Suns, who earns a grand total of, Lacob and Guber purchased the Warriors for, 7 (1947, 1956, 1975, 2015, 2017, 2018, 2022), 7 (1975, 2015, 2016, 2017, 2018, 2019, 2022). I acknowledge that entirely. 2022 - 2023 Times Mojo - All Rights Reserved Of all the things that I care about, it is below my line., When @NBA says we stand for justice, dont forget there are those who sell their soul for money & business like @chamath the owner of @warriors,who says Nobody cares about whats happening to the UyghursWhen genocides happen, it is peoplelike this that let it happenShame! Hes also the founder and CEO of Mandalay Entertainment. You also have the option to opt-out of these cookies. Palihapitiya is listed as an executive board member on the Warriors' website. A minority owner of the Golden State Warriors, Chamath Palihapitiya, also has political aspirations. In a Twitter post to his 1.5 million followers, he wrote that "important issues deserve nuanced discussions. These cookies ensure basic functionalities and security features of the website, anonymously. Chris Cohan. They decided to pull an end run around Sal Galatioto and approach Cohan directly. The Sri Lankan billionaire venture capitalist acquired a, Thats to say that a player can earn significantly less than the minimum, if hes on a multiyear deal that nets him a lower salary per year. Enjoying SportsPro content? Get your seats to Golden State Warriors games with SI Tickets; This year, after getting healthy, Wiseman only played in 21 games for Golden State prior to the trade, averaging just 12.5 minutes . Bernard Arnault is the CEO and Chair of LVMH (Mot Hennessy Louis Vuitton) and his net worth is $198.4 billion, meaning Elon Musk was overtaken as the worlds richest man in 2022. Jun 17, 2015, 8:39 AM. Off the back of his career at Kleiner Perkins, Lacob invested in the American Basketball League, a professional womens baskett association, as well as the Boston Celtics. Lacob made the majority of his money from working at venture capital firm Kleiner Perkins Caufield & Byers.