What Is Larry Tanenbaum’s Net Worth?

The Toronto Maple Leafs are hockey’s most valuable franchise, with a valuation of over $4 billion according to various outlets. 

Regardless of the team’s Stanley Cup odds at any point of the season, the pocketbooks of all prominent figures at Maple Leafs Sports and Entertainment, the Maple Leafs’ parent company, have never been better.

That’s why Larry Tanenbaum and his holding company, Kilmer Sports Inc., which owns a slice of MLSE, are among the richest NHL owners across the sport.

How Much Is Larry Tanenbaum Worth?

Larry Tanenbaum’s net worth is estimated at approximately $2.8 billion, according to the Forbes 2025 list of billionaires. 

The 80-year-old is among the wealthiest Canadians from coast to coast, ranked within the top 40 and behind only Daryl Katz among Canadian NHL owners, according to Forbes.

How Did Larry Tanenbaum Make His Money?

Tanenbaum’s wealth stems from his father, Max Tanenbaum, and the heavy construction firm he built. Upon the senior Tanenbaum’s death, his wealth was estimated at roughly $200 million. 

By the 1990s, Larry Tanenbaum’s Kilmer Group had begun to make headway into the world of sports, first seeking to bring a professional basketball team to Toronto before eventually purchasing a stake in the Maple Leafs and Maple Leaf Gardens.

As a 25% equity owner of MLSE, an initiative he helped spearhead in 1998, Tanenbaum has since seen his wealth grow in part through the addition of other sports under the MLSE umbrella, including Toronto FC and the CFL’s Toronto Argonauts. 

What Companies Does Larry Tanenbaum Own?

Tanenbaum holds a variety of stakes across both sports and other ventures, including a 25% stake in MLSE through his holding group, Kilmer Sports Inc.

The longtime chairman of MLSE also owns a majority stake in the Toronto Tempo, Toronto’s incoming WNBA franchise, as well as equity in a variety of other private ventures.

What Does Larry Tanenbaum Do?

Tanenbaum is best known as the chairman of MLSE, a company whose holdings include the Toronto Maple Leafs, Toronto Raptors, Toronto FC, and Toronto Argonauts.

How Much Does Larry Tanenbaum Own of MLSE?

Tanenbaum owns a 25% stake in MLSE through his holding company Kilmer Sports Inc.

Notably, the other 75% of the company had been owned by a joint venture through Canadian telecom giants Rogers Communications Inc. and Bell, before Rogers purchased Bell’s 37.5% stake in 2025.

As part of the deal, Rogers has the opportunity to exercise an option to purchase the remaining 25% of shares from Tanenbaum for “fair market value” beginning in July 2026.