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Meet the billionaire owner behind Detroit's new PWHL team
TL;DR
Mark Walter, worth $11.3 billion, owns Detroit's new PWHL team and all other PWHL clubs, as well as the Los Angeles Dodgers and Lakers. He ranks as the 321st richest person globally.
Key points
- Mark Walter owns Detroit's new PWHL team.
- He also owns all other PWHL clubs.
- Walter owns the Los Angeles Dodgers and Lakers.
- His net worth is about $11.3 billion.
- He is the 321st richest person in the world.
Mentioned in this story
Mark Walter
Detroit PWHL teamLos Angeles DodgersLos Angeles Lakers
The owner of Detroitâs new Professional Womenâs Hockey League (PWHL) team also owns every other PWHL club.
And the Los Angeles Dodgers.
And the Los Angeles Lakers.
Mark Walter, who has a net worth of about $11.3 billion, according to a report from Bloomberg, is among the most powerful owners in all of sports.
Bloomberg lists him as the 321st richest person in the world.
The 66-year-old businessman from Cedar Rapids, Iowa, made headlines last year when he bought a majority stake in the Lakers for a $10 billion valuation.
He also has minority stakes in Chelsea FC, the Los Angeles Sparks and Cadillac Formula 1, among others.
Walter is the CEO of Guggenheim Partners, a global investment company with an estimated $362 billion in assets, according to the company's website.
He is also co-chairman and CEO of TWG Global, according to a news release, a holding company that operates and invests in financial services.
The PWHL only has one owner?
MORE NEWS: Why Professional Women's Hockey League picked Detroit for expansion
Q&A
Who is Mark Walter and what teams does he own?
Mark Walter is a billionaire owner who owns Detroit's new PWHL team, all other PWHL clubs, the Los Angeles Dodgers, and the Los Angeles Lakers.
What is Mark Walter's net worth?
Mark Walter has a net worth of approximately $11.3 billion.
Where does Mark Walter rank among the world's richest people?
Mark Walter is ranked as the 321st richest person in the world according to Bloomberg.
