| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $3 billion | N/A | January 10, 1956 | New Bedford, Massachusetts | Male | N/A | Businessman | American |
What is Joe Lacob’s Net Worth?
Joe Lacob, an American businessman, currently has a net worth estimated at $3 billion. He accumulated his wealth primarily through his career as a venture capitalist and his ownership of the NBA’s Golden State Warriors.
Highlights
– Joe Lacob’s net worth is $3 billion.
– He is the majority owner of the NBA’s Golden State Warriors.
– Lacob purchased the Warriors in 2010 for $450 million.
– He was a partner at Kleiner Perkins Caufield & Byers.
– Lacob has been a key figure in the success and growth of the Warriors franchise.
Early Life
Joseph Steven Lacob was born on January 10, 1956, in New Bedford, Massachusetts. He later moved to Anaheim, California, where he developed a passion for sports, particularly the Los Angeles Lakers and Los Angeles Angels.
Lacob completed his undergraduate studies at the University of California, Irvine. He then earned a master’s degree in public health from the University of California, Los Angeles, and an MBA from the Stanford Graduate School of Business.
Career
Joe Lacob’s career began in the field of venture capital. He became a partner at Kleiner Perkins Caufield & Byers in 1987, following his work at Cetus Corporation, FHP International, and Booz, Allen & Hamilton.
In addition to his ventures in venture capital, Lacob was a primary investor in the American Basketball Association, a professional women’s basketball league that ultimately failed. He later became a part-owner of the Boston Celtics in 2006.
In 2010, Lacob, along with a group of investors led by Peter Guber, purchased the Golden State Warriors for $450 million. This acquisition marked a turning point for the franchise, as the team’s value skyrocketed in the following years, thanks in part to the contributions of a previously unremarkable college player, Stephen Curry.
Personal Life
Joe Lacob was previously married to Laurie, and they have two sons and two daughters together. He is currently married to Nicole Curran.
Lacob’s real estate holdings include a 14,000 square-foot mansion in Atherton, California, and a beach house in Malibu that he purchased for $29 million in September 2019. His primary residence in Atherton is located near the properties of prominent figures such as Sergey Brin and Jan Koum.
Net Worth Over Time
Since his purchase of the Golden State Warriors in 2010, Joe Lacob’s net worth has seen considerable growth. In 2017, the Warriors were valued at $2.6 billion, and by 2019, their value had increased to $3.5 billion. Presently, the franchise is estimated to be worth an impressive $7 billion.
Lacob’s net worth has significantly benefited from the success and popularity of the Warriors, driven by players like Stephen Curry and the team’s multiple NBA championships.
Components of Net Worth
The primary component contributing to Joe Lacob’s net worth is his ownership of the Golden State Warriors. As majority owner, he has witnessed a substantial increase in the franchise’s value over time.
Additionally, Lacob’s previous ventures in venture capital, his partnership with Kleiner Perkins Caufield & Byers, and his ownership stake in the Boston Celtics have also contributed to his overall net worth.
All net worth figures and valuations mentioned in this article are based on publicly available information and estimates. While efforts have been made to ensure accuracy, these figures should be viewed as approximations.
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