Connect with us

General

The 20 richest billionaires who own sports teams – Sports – Pulselive.co.ke

Published

on

Loading...

[ad_1]

  • Billionaires often make extravagant purchases — like buying their own sports team.
  • CEOWORLD magazine recently ranked the 20 wealthiest owners of major league sports teams around the world.
  • Some billionaire owners own more than one team — like Paul Allen, who owns the Portland Trail Blazers and the Seattle Seahawks.

Billionaires have a lot of cash to drop. Some are known to spend it on mansions. Others, private planes and luxury cars. And others still? They just buy their own sports team.

CEOWORLD magazine recently ranked the 20 wealthiest owners of major league sports teams using Forbes’ World’s Billionaires ranking. They found that of the 62 billionaire team owners around the world, their collected net worth is $375 billion. And for some, one team isn’t enough — together, they own 78 teams.

In fact, three among the top five richest billionaire sports team owners own multiple teams, Microsoft cofounder Paul Allen among them. Dietrich Mateschitz and Stanley Kroenke own the most teams on the list, with three and four each, respectively. Only one woman makes the list: Marian Ilitch, the cofounder of Little Caesars Pizza.

From football to basketball, here’s a look at the 20 richest owners of major sports league teams.

20. Vichai Srivaddhanaprabha, Thailand


20. Vichai Srivaddhanaprabha, Thailandplay

20. Vichai Srivaddhanaprabha, Thailand

(Paul Gilham/Getty Images)

Net worth: $5 billion

Team: Leicester City

Source of wealth: Duty-free, self-made

19. Joe Lewis, United Kingdom


19. Joe Lewis, United Kingdomplay

19. Joe Lewis, United Kingdom

(Dan Istitene/Getty Images)

Net worth: $5.1 billion

Team: Tottenham Hotspur

Source of wealth: Investments, self-made

18. Marian Ilitch, United States


18. Marian Ilitch, United Statesplay

18. Marian Ilitch, United States

(Bruce Bennett/Getty Images)

Net worth: $5.2 billion

Teams: Detroit Red Wings, Detroit Tigers

Source of wealth: Little Caesars Pizza, self-made

17. Richard DeVos & family, United States


17. Richard DeVos & family, United Statesplay

17. Richard DeVos & family, United States

(Reinhold Matay/AP Images)

Net worth: $5.4 billion

Team: Orlando Magic

Source of wealth: Amway, self-made

16. Jerry Jones, United States


16. Jerry Jones, United Statesplay

16. Jerry Jones, United States

(Tom Pennington/Getty Images)

Net worth: $5.6 billion

Team: Dallas Cowboys

Source of wealth: Dallas Cowboys, self-made

15. Charles Johnson, United States


15. Charles Johnson, United Statesplay

15. Charles Johnson, United States

(Thearon W. Henderson/Getty Images)

Net worth: $5.6 billion

Team: San Francisco Giants

Source of wealth: Money management

14. Robert Kraft, United States


14. Robert Kraft, United Statesplay

14. Robert Kraft, United States

(Jim Rogash/Getty Images)

Net worth: $6.2 billion

Teams: New England Patriots, New England Revolution

Source of wealth: The Kraft Group, self-made

13. Daniel Gilbert, United States


13. Daniel Gilbert, United Statesplay

13. Daniel Gilbert, United States

(Jason Miller/Getty Images)

Net worth: $6.3 billion

Team: Cleveland Cavaliers

Source of wealth: Quicken Loans, self-made

12. Shahid Khan, United States


12. Shahid Khan, United Statesplay

12. Shahid Khan, United States

(Phelan M. Ebenhack/AP Photos)

Net worth: $7.2 billion

Team: Jacksonville Jaguars

Source of wealth: Auto parts, self-made

11. Stephen Ross, United States


11. Stephen Ross, United Statesplay

11. Stephen Ross, United States

(Marc Serota/Getty Images)

Net worth: $7.6 billion

Team: Miami Dolphins

Loading...

Source of wealth: Real estate, self-made

10. Stanley Kroenke, United States


10. Stanley Kroenke, United Statesplay

10. Stanley Kroenke, United States

(Steven Senne/AP Images)

Net worth: $8.3 billion

Teams: Los Angeles Rams, Arsenal, Denver Nuggets, Colorado Avalanche

Source of wealth: Sports and real estate, self-made

9. Mikhail Prokhorov, Russia


9. Mikhail Prokhorov, Russiaplay

9. Mikhail Prokhorov, Russia

(Mike Stobe/Getty Images)

Net worth: $9.6 billion

Team: Brooklyn Nets

Source of wealth: Investments, self-made

8. Micky Arison, United States


8. Micky Arison, United Statesplay

8. Micky Arison, United States

(Marc Serota/Getty Images)

Net worth: $9.7 billion

Team: Miami Heat

Source of wealth: Carnival Cruises

7. Roman Abramovich, Russia


7. Roman Abramovich, Russiaplay

7. Roman Abramovich, Russia

(Richard Heathcote/Getty Images)

Net worth: $10.8 billion

Team: Chelsea FC

Source of wealth: Steel and investments, self-made

6. Hasso Plattner & family, Germany


6. Hasso Plattner & family, Germanyplay

6. Hasso Plattner & family, Germany

(Ralph Orlowski/Reuters)

Net worth: $12.7 billion

Team: San Jose Sharks

Source of wealth: Software, self-made

5. Philip Anschutz, United States


5. Philip Anschutz, United Statesplay

5. Philip Anschutz, United States

(Christian Petersen/Getty Images)

Net worth: $13 billion

Teams: Los Angeles Kings, LA Galaxy

Source of wealth: Investments

4. Paul Allen, United States


4. Paul Allen, United Statesplay

4. Paul Allen, United States

(Stephen Brashear/Getty Images)

Net worth: $21.7 billion

Teams: Portland Trail Blazers, Seattle Seahawks

Source of wealth: Microsoft and investments, self-made

3. Dietrich Mateschitz, Austria


3. Dietrich Mateschitz, Austriaplay

3. Dietrich Mateschitz, Austria

(Mark Thompson/Getty Images)

Net worth: $23 billion

Teams: New York Red Bulls, Red Bull Racing, Red Bull Toro Rosso Honda

Source of wealth: Red Bull, self-made

2. Steve Ballmer, United States


2. Steve Ballmer, United Statesplay

2. Steve Ballmer, United States

(Stephen Dunn/Getty Images)

Net worth: $38.4 billion

Team: Los Angeles Clippers

Source of wealth: Microsoft, self-made

1. Mukesh Ambani, India


1. Mukesh Ambani, Indiaplay

1. Mukesh Ambani, India

(Denis Balibouse/Reuters)

Net worth: $40.1 billion

Team: Mumbai Indians

Source of wealth: Petrochemicals and oil/gas



[ad_2]

Loading...
Continue Reading

General

Public officers above 58 years and with pre-existing conditions told to work from home: The Standard

Published

on

Loading...

Head of Public Service Joseph Kinyua. [File, Standard]
In a document from Head of Public Service, Joseph Kinyua new measure have been outlined to curb the bulging spread of covid-19. Public officers with underlying health conditions and those who are over 58 years -a group that experts have classified as most vulnerable to the virus will be required to execute their duties from home.

Loading...

However, the new rule excluded personnel in the security sector and other critical and essential services.
“All State and public officers with pre-existing medical conditions and/or aged 58 years and above serving in CSG5 (job group ‘S’) and below or their equivalents should forthwith work from home,” read the document,” read the document.
To ensure that those working from home deliver, the Public Service directs that there be clear assignments and targets tasked for the period designated and a clear reporting line to monitor and review work done.
SEE ALSO: Thinking inside the cardboard box for post-lockdown work stations
Others measures outlined in the document include the provision of personal protective equipment to staff, provision of sanitizers and access to washing facilities fitted with soap and water, temperature checks for all staff and clients entering public offices regular fumigation of office premises and vehicles and minimizing of visitors except by prior appointments.
Officers who contract the virus and come back to work after quarantine or isolation period will be required to follow specific directives such as obtaining clearance from the isolation facility certified by the designated persons indicating that the public officer is free and safe from Covid-19. The officer will also be required to stay away from duty station for a period of seven days after the date of medical certification.
“The period a public officer spends in quarantine or isolation due to Covid-19, shall be treated as sick leave and shall be subject to the Provisions of the Human Resource Policy and procedures Manual for the Public Service(May,2016),” read the document.
The service has also made discrimination and stigmatization an offence and has guaranteed those affected with the virus to receive adequate access to mental health and psychosocial supported offered by the government.
The new directives targeting the Public Services come at a time when Kenyans have increasingly shown lack of strict observance of the issued guidelines even as the number of positive Covid-19 cases skyrocket to 13,771 and leaving 238 dead as of today.
SEE ALSO: Working from home could be blessing in disguise for persons with disabilities
Principal Secretaries/ Accounting Officers will be personally responsible for effective enforcement and compliance of the current guidelines and any future directives issued to mitigate the spread of Covid-19.

Loading...
Continue Reading

General

Uhuru convenes summit to review rising Covid-19 cases: The Standard

Published

on

Loading...

President Uhuru Kenyatta (pictured) will on Friday, July 24, meet governors following the ballooning Covid-19 infections in recent days.
The session will among other things review the efficacy of the containment measures in place and review the impact of the phased easing of the restrictions, State House said in a statement.
This story is being updated.
SEE ALSO: Sakaja resigns from Covid-19 Senate committee, in court tomorrow

Loading...
Continue Reading

General

Drastic life changes affecting mental health

Published

on

Loading...

Kenya has been ranked 6th among African countries with the highest cases of depression, this has triggered anxiety by the World Health Organization (WHO), with 1.9 million people suffering from a form of mental conditions such as depression, substance abuse.

KBC Radio_KICD Timetable

Globally, one in four people is affected by mental or neurological disorders at some point in their lives, this is according to the WHO.

Currently, around 450 million people suffer from such conditions, placing mental disorders among the leading causes of ill-health and disability worldwide.

The pandemic has also been known to cause significant distress, mostly affecting the state of one’s mental well-being.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153

With the spread of the COVID-19 pandemic attributed to the novel Coronavirus disease, millions have been affected globally with over 14 million infections and half a million deaths as to date. This has brought about uncertainty coupled with difficult situations, including job loss and the risk of contracting the deadly virus.

In Kenya the first Coronavirus case was reported in Nairobi by the Ministry of Health on the 12th March 2020.  It was not until the government put in place precautionary measures including a curfew and lockdown (the latter having being lifted) due to an increase in the number of infections that people began feeling its effect both economically and socially.

A study by Dr. Habil Otanga,  a Lecturer at the University of Nairobi, Department of Psychology says  that such measures can in turn lead to surge in mental related illnesses including depression, feelings of confusion, anger and fear, and even substance abuse. It also brings with it a sense of boredom, loneliness, anger, isolation and frustration. In the post-quarantine/isolation period, loss of employment due to the depressed economy and the stigma around the disease are also likely to lead to mental health problems.

The Kenya National Bureau of Statistics (KNBS) states that at least 300,000 Kenyans have lost their jobs due to the Coronavirus pandemic between the period of January and March this year.

KNBC noted that the number of employed Kenyans plunged to 17.8 million as of March from 18.1 million people as compared to last year in December. The Report states that the unemployment rate in Kenya stands at 13.7 per cent as of March this year while it stood 12.4 per cent in December 2019.

Loading...

Mama T (not her real name) is among millions of Kenyans who have been affected by containment measures put in place to curb the spread of the virus, either by losing their source of income or having to work under tough guidelines put in place by the MOH.

As young mother and an event organizer, she has found it hard to explain to her children why they cannot go to school or socialize freely with their peers as before.

“Sometimes it gets difficult as they do not understand what is happening due to their age, this at times becomes hard on me as they often think I am punishing them,”

Her contract was put on hold as no event or public gatherings can take place due to the pandemic. This has brought other challenges along with it, as she has to find means of fending for her family expenditures that including rent and food.

“I often wake up in the middle of the night with worries about my next move as the pandemic does not exhibit any signs of easing up,” she says. She adds that she has been forced to sort for manual jobs to keep her family afloat.

Ms. Mary Wahome, a Counseling Psychologist and Programs Director at ‘The Reason to Hope,’ in Karen, Nairobi says that such kind of drastic life changes have an adverse effect on one’s mental status including their family members and if not addressed early can lead to depression among other issues.

“We have had cases of people indulging in substance abuse to deal with the uncertainty and stress brought about by the pandemic, this in turn leads to dependence and also domestic abuse,”

Sam Njoroge , a waiter at a local hotel in Kiambu, has found himself indulging in substance abuse due to challenges he is facing after the hotel he was working in was closed down as it has not yet met the standards required by the MOH to open.

“My day starts at 6am where I go to a local pub, here I can get a drink for as little as Sh30, It makes me suppress the frustration I feel.” he says.

Sam is among the many who have found themselves in the same predicament and resulted to substance abuse finding ways to beat strict measures put in place by the government on the sale of alcohol so as to cope.

Mary says, situations like Sam’s are dangerous and if not addressed early can lead to serious complications, including addiction and dependency, violent behavior and also early death due to health complications.

She has, however, lauded the government for encouraging mental wellness and also launching the Psychological First Aid (PFA) guide in the wake of the virus putting emphasis on the three action principal of look, listen and link. “When we follow this it will be easy to identify an individual in distress and also offer assistance”.

Mary has urged anyone feeling the weight of the virus taking a toll on them not to hesitate but look for someone to talk to.

“You should not only seek help from a specialist but also talk to a friend, let them know what you are undergoing and how you feel, this will help ease their emotional stress and also find ways of dealing with the situation they are facing,” She added

Mary continued to stress on the need to perform frequent body exercises as a form of stress relief, reading and also taking advantage of this unfortunate COVID-19 period to engage in hobbies and talent development.

“Let people take this as an opportunity to kip fit, get in touch with one’s inner self and  also engage in   reading that would  help expand their knowledge.

Loading...
Continue Reading

Trending