The teams with the richest owners aren’t always among the favourites in World Series odds at the BetMGM online sportsbook. Having a big payroll is far from a guarantee of success, but it certainly helps in the long run.
Unlike the NBA and NFL, Major League Baseball doesn’t have a salary cap. While financial restrictions remain in place through the luxury tax system, teams with the richest owners can still flex their financial muscle.
MLB Owners’ Net Worth, Ranked
| Rank | Name | Team | Net Worth ($ billion) |
| 1 | Steve Cohen | New York Mets | $23.0 |
| 2 | Rogers Communications | Toronto Blue Jays | $19.0 |
| 3 | Mark Walter | Los Angeles Dodgers | $7.3 |
| 4 | Lerner Family | Washington Nationals | $6.4 |
| 5 | John W. Henry | Boston Red Sox | $5.7 |
| 6 | Charles B. Johnson | San Francisco Giants | $5.5 |
| 7 | Arte Moreno | Los Angeles Angels | $4.9 |
| 8 | David Rubenstein | Baltimore Orioles | $4.7 |
| 9 | Paul Dolan | Cleveland Guardians | $4.6 |
| 10 | John Middleton | Philadelphia Phillies | $4.3 |
| 11 | Bill DeWitt Jr. | St. Louis Cardinals | $4.0 |
| 12 | Ilitch Family | Detroit Tigers | $3.9 |
| T-13 | Ray Davis | Texas Rangers | $3.8 |
| T-13 | Jim Pohlad | Minnesota Twins | $3.8 |
| 15 | John Fisher | Athletics | $3.6 |
| 16 | Seidler Family | San Diego Padres | $3.0 |
| 17 | Atlanta Braves Holdings | Atlanta Braves | $2.5 |
| T-18 | Jim Crane | Houston Astros | $2.4 |
| T-18 | John Stanton | Seattle Mariners | $2.4 |
| T-20 | Tom Ricketts | Chicago Cubs | $2.3 |
| T-20 | Jerry Reinsdorft | Chicago White Sox | $2.3 |
| 22 | Mark Attanasio | Milwaukee Brewers | $1.9 |
| T-23 | Hal Steinbrenner | New York Yankees | $1.6 |
| T-23 | Patrick Zalupski | Tampa Bay Rays | $1.6 |
| 25 | John Sherman | Kansas City Royals | $1.3 |
| 26 | Ken Kendrick | Arizona Diamondbacks | $1.2 |
| 27 | Bob Nutting | Pittsburgh Pirates | $1.1 |
| 28 | Dick Monfort | Colorado Rockies | $0.7 |
| 29 | Bruce Sherman | Miami Marlins | $0.5 |
| 30 | Bob Castellini | Cincinnati Reds | $0.4 |
Who Are the Wealthiest MLB Owners?
1. Seven Cohen, New York Mets: $23 billion
Steve Cohen is a hedge-fund manager who was fined $1.8 billion for insider trading in 2018.
There are only 42 wealthier people in America. Unsurprisingly, the New York Mets have spent significantly since Cohen bought the team.
2. Rogers Communications, Toronto Blue Jays: $19.01 billion
The Toronto Blue Jays are the only American League team under corporate ownership. Rogers Communications bought the Jays from Interbrew in 2000.
Related: Who Is the Owner of the Toronto Blue Jays?
3. Mark Walter, Los Angeles Dodgers: $7.3 billion
Mark Walter is the CEO of Guggenheim Partners, which has more than $340 billion in assets under management. Walter bought the Los Angeles Dodgers for $2 billion and also holds stakes in the Los Angeles Lakers, Los Angeles Sparks, and Chelsea.
4. Lerner Family, Washington Nationals: $6.4 billion
Lerner Enterprises was founded in 1952 when Ted Lerner got a $250 loan from his wife. Fast forward seven decades, and the company is one of the largest real estate businesses in the country.
5. John W. Henry, Boston Red Sox: $5.7 billion
John W. Henry grew up a fan of the St. Louis Cardinals and held a small stake in the New York Yankees before buying the Boston Red Sox. He’s also the owner of Liverpool and the Pittsburgh Penguins.
6. Charles B. Johnson, San Francisco Giants: $5.5 billion
Despite being the largest shareholder, Charles B. Johnson isn’t involved in the day-to-day running of the San Francisco Giants. Larry Baer is the CEO of the Giants.
7. Arte Moreno, Los Angeles Angels: $4.9 billion
Arte Moreno bought the Los Angeles Angels in 2003. Moreno has been willing to spend considerable amounts on the team, but that hasn’t translated into much on-field success.
8. David Rubenstein, Baltimore Orioles: $4.7 billion
David Rubenstein led a group, including Cal Ripken Jr., which bought the Baltimore Orioles from Peter Angelos in 2024.
9. Paul Dolan, Cleveland Guardians: $4.6 billion
Paul Dolan’s son was selected in the 2014 draft by the Cleveland Guardians. His cousin, James, is the owner of the New York Knicks.
10. John Middleton, Philadelphia Phillies: $4.3 billion
John Middleton purchased a minority stake in the Philadelphia Phillies in 1994. He became the controlling owner in 2016.
11. Bill DeWitt Jr., St. Louis Cardinals: $4 billion
Bill DeWitt Jr. was a part-owner of the Orioles and Cincinnati Reds before he bought the Cardinals. DeWitt’s father was a longtime MLB executive.
12. Ilitch Family, Detroit Tigers: $3.9 billion
The Ilitch family made their fortune through the Little Caesars restaurant chain. They also own the Detroit Red Wings.
T-13. Ray Davis, Texas Rangers: $3.8 billion
Ray Davis, who worked in the energy industry for 40 years, has been a billionaire since at least 2008. Davis is a very private man and doesn’t do interviews.
T-13. Jim Pohlad, Minnesota Twins: $3.8 billion
Jim Pohlad’s father, Carl, bought the Minnesota Twins after a successful career as a banker. Ownership of the Twins is technically vested in the Pohlad family.
15. John Fisher, Athletics: $3.6 billion
Alongside his controversial ownership of the Athletics, John Fisher also owns a team in the Professional Bull Riders Association.
16. Seidler Family, San Diego Padres: $3 billion
The San Diego Padres spent heavily on their team before Peter Seidler died in 2023. Under the leadership of John Seidler, the Padres have been much more cautious.
17. Atlanta Braves Holdings, Atlanta Braves: $2.5 billion
Atlanta Braves Holdings is one of two corporate entities to own an MLB franchise. The company bought the Braves for $450 million in 2007.
T-18. Jim Crane, Houston Astros: $2.4 billion
Jim Crane made efforts to buy the Chicago Cubs and Texas Rangers before purchasing the Houston Astros in 2011. After making vast amounts of money in logistics, Crane invested in gas and has freight shipping ports in Russia and China.
T-18. John Stanton, Seattle Mariners: $2.4 billion
John Stanton is a member of the Wireless Hall of Fame due to his work in wireless communications. He became CEO of the Seattle Mariners after Nintendo sold its stake.
T-20. Tom Ricketts, Chicago Cubs: $2.3 billion
The Ricketts family has invested heavily in Wrigley Field and the surrounding area since buying the Cubs in 2009.
T-20. Jerry Reinsdorf, Chicago White Sox: $2.3 billion
Initially a lawyer, Jerry Reinsdorf made his fortune in real estate. Reinsdorf is also the owner of the Chicago Bulls and has received widespread criticism for how he has run the Bulls and the Chicago White Sox in recent years.
22. Mark Attanasio, Milwaukee Brewers: $1.9 billion
Along with owning the Milwaukee Brewers, Mark Attanasio is the majority owner of English soccer club Norwich City. The Brewers threatened to leave Milwaukee before receiving taxpayer subsidies for stadium renovations in 2023.
T-23. Hal Steinbrenner, New York Yankees: $1.6 billion
Hal Steinbrenner and his siblings inherited control of the Yankees from their father when he died in 2010. The family also owns YES Network and has a stake in AC Milan.
T-23. Patrick Zalupski, Tampa Bay Rays: $1.6 billion
Patrick Zalupski made his money by flipping houses. He was part of a group that bought the Tampa Bay Rays in 2025 and has stated his commitment to keeping the team in Tampa.
25. John Sherman, Kansas City Royals: $1.3 billion
John Sherman was a quarterback for the Ottawa Braves before making his money in the energy industry. Sherman and his wife went to a Royals game for their first date.
26. Ken Kendrick, Arizona Diamondbacks: $1.2 billion
Ken Kendrick is the owner of the T206 Honus Wagner card, which is the most valuable baseball card in the world. Kendrick has an extensive collection of baseball cards and purchased Collectors Universe in 2021.
27. Bob Nutting, Pittsburgh Pirates: $1.1 billion
Bob Nutting’s tendency to prioritise profit has made him an unpopular figure in Pittsburgh and even led to the “Bottom-Line Bob” nickname. He has owned the team since 2006.
28. Dick Monfort, Colorado Rockies: $700 million
The Monfort brothers purchased a controlling stake in the Colorado Rockies in 2005. Dick Monfort has been managing general partner, chairman, and CEO since 2011.
29. Bruce Sherman, Miami Marlins: $500 million
Bruce Sherman led a group, including Michael Jordan and Derek Jeter, which purchased the Miami Marlins in 2017. Sherman co-founded Private Capital Management in 1985 and sold several companies to Warren Buffett.
30. Bob Castellini, Cincinnati Reds: $400 million
A lifelong Reds fan, Bob Castellini bought the team in 2006 after holding stakes in the Rangers and Orioles. He passed the roles of president and CEO to his son Phil in 2024.
Who Is the Richest Major League Baseball Owner?
Cohen is the richest Major League Baseball owner. He is worth more than $23 million.
A former hedge-fund manager, Cohen bought a minority stake in the Mets in 2012 and became the team’s owner in November 2020.
Immediately elevating the Mets to one of MLB’s biggest spenders, Cohen’s money enabled the Mets’ front office to be ultra-aggressive.
As a result, their baseball odds to win the World Series have often priced them among the National League favourites during Cohen’s tenure.
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