- Mat Ishbia owns the Phoenix Suns.
- Ishbia is the chairman and CEO of United Wholesale Mortgage.
- He bought the franchise for a then-record $4 billion from Robert Sarver.
The Phoenix Suns underwent new ownership in February 2023.
Phoenix, which made the NBA Finals in 2021, executed an earth-shattering trade shortly after new ownership took control.
With that said, who owns the Suns? Let’s find out.
Who Owns the Phoenix Suns?
Mat Ishbia owns the Suns.
He bought the franchise for a then-record $4 billion from Robert Sarver.
Ishbia’s first order of business was acquiring Kevin Durant in a blockbuster trade with the Brooklyn Nets, looking to improve the Suns’ NBA championship odds.
How did Mat Ishbia Get Rich?
Ishbia got rich from becoming the chairman and CEO of United Wholesale Mortgage.
He also owns a 69% stake in the company, helping him earn billions of dollars when UWM went public in 2021 at a $16 billion valuation.
Under Ishbia’s leadership, UWM shifted focus to wholesale lending and working through independent mortgage brokers rather than directly with consumers.
Mat and his brother, Justin, own 35% of the MLB’s Chicago White Sox, according to 670 The Score host Matt Spiegel.
How Much Is the Suns Owner Worth?
The Suns’ owner is worth $10.3 billion, according to Forbes.
How Much Is the Ishbia Family Worth?
The Ishbia family is worth over $15 billion, according to Forbes.
Who Are the Minority Suns Owners?
Andy Kohlberg and Scott Seldin are the minority Suns owners.
Does Larry Fitzgerald Still Own Part of the Suns?
No, Larry Fitzgerald does not still own part of the Suns.
Who Is the CEO of the Suns?
The CEO of the Suns is Josh Bartelstein.
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