- Ryan Smith owns the Utah Jazz.
- He bought the team for $1.66 billion from Gail Miller.
- Smith cofounded Qualtrics in 2002.
The Utah Jazz underwent new ownership in December 2020, when the team was regularly in playoff contention and boasting favourable NBA odds of winning games.
However, Utah decided to undergo a rebuild after trading Donovan Mitchell and Rudy Gobert in the summer of 2022.
With that said, who owns the Jazz? Let’s find out.
Who Owns the Utah Jazz?
Ryan Smith owns the Jazz.
He bought the team for $1.66 billion from Gail Miller.
How Did Ryan Smith Make His Money?
Smith made his money by cofounding Qualtrics in 2002 with his brother, Jared, and father, Scott.
SAP acquired Qualtrics for $8 billion in January 2019.
Smith also owns the NHL’s Utah Mammouth and used to own the MLS’s Real Salt Lake and NWSL’s Utah Royals before selling the franchises to Miller in April 2025.
Does Dwyane Wade Still Own the Utah Jazz?
Yes, Dwyane Wade still owns the Jazz.
Wade bought his ownership stake in the team in April 2021.
How Much Would It Cost to Buy the Utah Jazz?
It would cost $3.75 billion to buy the Jazz, according to CNBC.
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