Latest news with #GuggenheimPartners
Nahar Net
4 hours ago
- Business
- Nahar Net
How billionaire Mark Walter made his fortune
by Naharnet Newsdesk 20 June 2025, 15:10 The billionaire slated to take over the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence. Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estimated to have more than $325 billion in assets. He's also co-founder and CEO of holding company TWG Global. Forbes estimates Walter's net worth is $6.1 billion. The publication ranked him at No. 216 on its Forbes 400 list last year. Walter received an undergraduate degree in business administration from Creighton University and a law degree from Northwestern University, but ultimately chose business over a career in law. In the mid-1990s, he co-founded Liberty Hampshire, an investment management firm in Chicago. That business became part of Guggenheim Partners, which Walter co-founded in the late 1990s. In addition to Guggenheim, Walter co-founded TWG Global with film producer Thomas Tull. The company holds a portfolio of finance and insurance sector companies, including Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance and Delaware Life. It also includes aerospace and defense technology company Shield AI. Last month, TWG Global announced a partnership with Palantir Technologies and Elon Musk's AI company, xAI, maker of Grok, aimed at developing artificial intelligence for use in the financial services industry. TWG Global also includes investments in sports, media and entertainment franchises, such as the controlling interest in the Los Angeles Dodgers, Premier League club Chelsea, the Professional Women's Hockey League and — through TWG Motorsports — ownership of several auto racing teams including Cadillac Formula 1. Beyond business, Walter and his wife, Kimbra, have founded or contributed to various philanthropic organizations, including the Los Angeles Dodgers Foundation, the Academy Group, Chicago Beyond and OneGoal.
Fast Company
4 hours ago
- Business
- Fast Company
What to know about billionaire Mark Walter, the L.A. Lakers' new owner
The billionaire slated to take over the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence. Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estimated to have more than $325 billion in assets. He's also co-founder and CEO of holding company TWG Global. Forbes estimates Walter's net worth is $6.1 billion. The publication ranked him at No. 216 on its Forbes 400 list last year. Walter received an undergraduate degree in business administration from Creighton University and a law degree from Northwestern University, but ultimately chose business over a career in law. In the mid-1990s, he co-founded Liberty Hampshire, an investment management firm in Chicago. That business became part of Guggenheim Partners, which Walter co-founded in the late 1990s. In addition to Guggenheim, Walter co-founded TWG Global with film producer Thomas Tull. The company holds a portfolio of finance and insurance sector companies, including Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance and Delaware Life. It also includes aerospace and defense technology company Shield AI. Last month, TWG Global announced a partnership with Palantir Technologies and Elon Musk's AI company, xAI, maker of Grok, aimed at developing artificial intelligence for use in the financial services industry. TWG Global also includes investments in sports, media and entertainment franchises, such as the controlling interest in the Los Angeles Dodgers, Premier League club Chelsea, the Professional Women's Hockey League and — through TWG Motorsports — ownership of several auto racing teams including Cadillac Formula 1. Beyond business, Walter and his wife, Kimbra, have founded or contributed to various philanthropic organizations, including the Los Angeles Dodgers Foundation, the Academy Group, Chicago Beyond and OneGoal.
Time of India
5 hours ago
- Business
- Time of India
Who Is Mark Walter? Billionaire changing sports by owning teams from NBA to Formula 1
Who Is Mark Walter? Billionaire changing sports by owning teams from NBA to Formula 1 (Image via Getty) Mark Walter, who is a billionaire investor and the CEO of Guggenheim Partners, is no stranger to headlines, especially not for buying major sports ownership. He has teams in several leagues and different countries, and every year he has quietly built a sports empire that includes teams in baseball, women's hockey, European football, and motorsports. Now, he is (somewhat inappropriately) making headlines again. A new deal with the Los Angeles Lakers has valued the team at an unprecedented $10 billion. Which is extremely shocking for fans and insiders, but just reaffirming that Mark Walter is changing the entire landscape of sports globally again. Mark Walter now owns part of the Los Angeles Lakers After $10 billion deal On Monday, June 17, 2025, Mark Walter and his firm, Guggenheim Partners, agreed to acquire a major stake in the Los Angeles Lakers at a record $10 billion valuation, according to Front Office Sports. This deal is now the highest team valuation ever recorded in the NBA . Mark Walter is already the primary owner of the Los Angeles Dodgers, which he and Guggenheim Baseball Management bought in 2012 for $2.15 billion. Mark Walter is also part-owner of the Los Angeles Sparks, the WNBA team, continuing his strong focus on top LA franchises. With this new Los Angeles Lakers deal, Mark Walter now holds a major share across basketball, baseball, and women's sports — all within the city of Los Angeles. Mark Walter's sports holdings include Chelsea FC and a 2026 F1 team Mark Walter's investments go beyond the U.S. In 2022, he co-led the group BlueCo along with Todd Boehly to buy Chelsea FC, a top soccer club in London. They also own RC Strasbourg, a football club in France. In 2023, Mark Walter expanded into women's hockey by purchasing the Premier Hockey Federation and merging it with other leagues, creating the Professional Women's Hockey League (PWHL). The league's championship trophy is named the Walter Cup in his honor. In motorsports, Mark Walter's group TWG Motorsports will launch a Cadillac Formula 1 team in 2026. He's also involved in IndyCar, Formula E, NASCAR, and other racing series through deals with Andretti Global, Spire Motorsports, and Wayne Taylor Racing. As one sports executive told Front Office Sports, 'No one is doing what Mark Walter is doing — he's building something nobody else even imagined.' Also Read: Who is Mark Walter? The billionaire who acquired Los Angeles Lakers in biggest sports team deal in history Game On Season 1 kicks off with Sakshi Malik's inspiring story. Watch Episode 1 here
5 hours ago
- Business
Billionaire Mark Walter, set to own controlling stake in Lakers, built fortune in investing
The billionaire slated to take over the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence. Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estimated to have more than $325 billion in assets. He's also co-founder and CEO of holding company TWG Global. Forbes estimates Walter's net worth is $6.1 billion. The publication ranked him at No. 216 on its Forbes 400 list last year. Walter received an undergraduate degree in business administration from Creighton University and a law degree from Northwestern University, but ultimately chose business over a career in law. In the mid-1990s, he co-founded Liberty Hampshire, an investment management firm in Chicago. That business became part of Guggenheim Partners, which Walter co-founded in the late 1990s. In addition to Guggenheim, Walter co-founded TWG Global with film producer Thomas Tull. The company holds a portfolio of finance and insurance sector companies, including Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance and Delaware Life. It also includes aerospace and defense technology company Shield AI. Last month, TWG Global announced a partnership with Palantir Technologies and Elon Musk's AI company, xAI, maker of Grok, aimed at developing artificial intelligence for use in the financial services industry. Beyond business, Walter and his wife, Kimbra, have founded or contributed to various philanthropic organizations, including the Los Angeles Dodgers Foundation, the Academy Group, Chicago Beyond and OneGoal.
The Hill
7 hours ago
- Business
- The Hill
How billionaire Mark Walter, set to own the controlling stake in Lakers, made his fortune
The billionaire slated to take over the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence. Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estimated to have more than $325 billion in assets. He's also co-founder and CEO of holding company TWG Global. Forbes estimates Walter's net worth is $6.1 billion. The publication ranked him at No. 216 on its Forbes 400 list last year. Walter received an undergraduate degree in business administration from Creighton University and a law degree from Northwestern University, but ultimately chose business over a career in law. In the mid-1990s, he co-founded Liberty Hampshire, an investment management firm in Chicago. That business became part of Guggenheim Partners, which Walter co-founded in the late 1990s. In addition to Guggenheim, Walter co-founded TWG Global with film producer Thomas Tull. The company holds a portfolio of finance and insurance sector companies, including Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance and Delaware Life. It also includes aerospace and defense technology company Shield AI. Last month, TWG Global announced a partnership with Palantir Technologies and Elon Musk's AI company, xAI, maker of Grok, aimed at developing artificial intelligence for use in the financial services industry. TWG Global also includes investments in sports, media and entertainment franchises, such as the controlling interest in the Los Angeles Dodgers, Premier League club Chelsea, the Professional Women's Hockey League and — through TWG Motorsports — ownership of several auto racing teams including Cadillac Formula 1. Beyond business, Walter and his wife, Kimbra, have founded or contributed to various philanthropic organizations, including the Los Angeles Dodgers Foundation, the Academy Group, Chicago Beyond and OneGoal.
