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Jewish Business News


Robert Kraft and Arthur Blank Top List of Wealthiest Sports Franchise Owners

Arthur Blank nfl

Arthur Blank Atlanta Falcons Official pic

Five Jewish Businessmen made CEOWorld magazine’s list of the top 20 wealthiest owners in sports. Four of them own NFL franchises.

Robert Kraft came in at number three overall. The owner of the NFL’s New England Patriots has an estimated net worth of $10.6 billion.

Arthur Blank, owner of the NFL’s Atlanta Falcons, was listed at number four, with an estimated net worth of $7.9 billion.

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According to his official bio, Robert Kraft, founder, chairman and CEO of the Kraft Group, is an American entrepreneur, investor and philanthropist whose portfolio of businesses and brands range across many verticals, including paper and packaging, sports and entertainment, real estate and venture investing. His holdings include the New England Patriots, New England Revolution, Gillette Stadium, International Forest Products, Rand-Whitney Group, Rand-Whitney Containerboard and a portfolio of more than 100 venture and private-equity investments.

Perhaps best known as co-founder of The Home Depot, Arthur Blank is now widely recognized for his diverse businesses. Named by ESPN as the 2021 Sports Philanthropist of the Year, Blank is a tireless advocate of using purpose and profit hand-in-hand to benefit the communities around him. Blank has been distinguished by Forbes as one of the World’s 100 Greatest Living Business Minds in 2017, Sports Business Journal’s Executive of the Year 2018 and Sports Business Journal’s one of the 50 Most Influential People in Sports 2016, 2017, and 2018.

Arthur Blank purchased the Atlanta Falcons in 2002 for $545 million. Today the club is valued at about $4 billion. Blanks also purchased Atlanta United FC, a major league soccer team. The team has participated twice in the Super Bowl but has yet to win a game.

Dan Snyder no longer owns the NFL’s Washington Commanders, but his sale of the team was recent enough for Snyder to count and he came in at number 8 with a fortune valued at $4.9 billion.

Dan Snyder bought the Washington Commanders – then known as the Redskins – in 1999 for $800 million and sold the team a few months ago for $6 billion. That constitutes a 750% return on investment in addition to what was surely annual rates of return in the high millions.

Jeffrey Lurie, owner of the NFL’s Philadelphia Eagles, was ranked at number 11 with an estimated net worth of $4.6 billion.

Jeffrey Lurie purchased the franchise on May 6, 1994, and instituted an organizational infrastructure that reflects the pride and passion of the region, where tireless work ethic and innovation deeply coincide with consistent results.

Finally, there is Jerry Reinsdorf at number 19, with a net worth of $2.2 billion. He owns the Major League Baseball team of the Chicago White Sox and the NBA’s Chicago Bulls.



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