Whether it be new Los Angeles Angels owner Stan Kroenke or New York Mets owner Steve Cohen, the chairman of every team has a backstory.
Mark Powell reviews how Major League Baseball team owners acquired their wealth, detailing backgrounds spanning real estate, private equity, hedge funds, and family inheritance across all divisions. The breakdown highlights top billionaire owners, noting Stan Kroenke's reported purchase of the Los Angeles Angels and New York Mets owner Steve Cohen's background in hedge funds.
The article also compares owner net worth against luxury tax payroll rankings throughout the league. Powell argues that many mid-market and lower-spending owners possess ample capital but choose not to invest heavily in competitive player payrolls.
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