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Nahar Net
2 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
2 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.
3 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.
Yahoo
4 hours ago
- Business
- Yahoo
Who is new Lakers owner Mark Walter
The post Who is new Lakers owner Mark Walter appeared first on ClutchPoints. The Los Angeles Lakers received big news on Wednesday as Mark Walter, who is the owner of the Los Angeles Dodgers, is buying majority ownership of the team. Walter has investments in numerous professional sports teams, and the Dodgers have won two World Series under his ownership. This is massive news for the Lakers and the city of Los Angeles as this sale is the largest sale of a professional sports franchise in the world. Advertisement So, who is Mark Walter? Let's meet the new owner of the Lakers: Walter grew up in Cedar Rapids, Iowa and he attended the University of Creighton for his undergraduate studies. After graduating from Creighton, Walter studied law at Northwestern University and graduated law school in 1985. Walter is currently the CEO and chairman of DWG Global, and he is the owner of numerous professional sports teams. He is the majority owner of the Dodgers, Lakers, auto racing's Andretti Global and the Los Angeles Sparks WNBA team. Walter also has ownership in premier league soccer club Chelsea Ligue 1 RC Strasbourg. Walter also owns the Professional Women's Hockey League. A big portion of Walter's professional earnings have come from the insurance industry as he owns 21% of TWG Global Holdings. In February, Forbe's estimated Walter's net worth to be $6.1 billion. Mark Walter is involved in a lot outside of the sports world. His footprint has been left in the insurance industry, but he and his wife have also shown an interest in wildlife. Walter's wife, Kimbra Walter, is a trustee for the Lincoln Park Zoo in Chicago, Illinois. Mark was a fan of the Chicago Cubs growing up. The two of them also own White Oak Conservation, which is an animal refuge in Florida. Advertisement As you can see, Mark Walter is a busy man that has done a lot in his professional career. He is best known for his experience in the professional sports industry, and he is now the owner of one of the biggest brands in the entire world. Related: Lakers rumors: Nick Wright predicts Austin Reaves' trade value after Desmond Bane deal Related: Sources: Why Lakers rivals hoped Jeanie Buss would never sell franchise
Yahoo
4 hours ago
- Business
- Yahoo
What will Jeanie Buss' role be after Lakers sale?
The post What will Jeanie Buss' role be after Lakers sale? appeared first on ClutchPoints. One of the most iconic sports franchises in the entire world, the Los Angeles Lakers, has been sold for the first time since 1979. Jeanie Buss and the Buss family have sold their majority ownership in the Lakers to Mark Walter for $10 billion. The sale represents a record-breaking deal and has massive ramifications moving forward. Advertisement Despite her family's sale, ESPN's Shams Charania reports that Jeanie Buss will remain as franchise governor and continue as the primary decision-maker regarding the franchise. The sale represents the best of both worlds for Buss because she saw how her dad ran the organization. After running it on her own for a few years, she can still be the primary decision-maker while offloading much of the pressure of ownership. The sale represents the largest sale of a U.S. professional sports team in history. It also almost doubles the next highest sale, the Lakers' main rival, the Boston Celtics, which sold for $6.1 billion earlier this year. The Lakers' new owner, Mark Walter, is a titan in the sports industry. He is the CEO and chairman of diversified holding company TWG Global, where he is the principal owner of the Los Angeles Dodgers and has stakes in the Los Angeles Sparks, the Billie Jean Cup, the Cadillac Formula 1 team, and the Professional Women's Hockey League. Advertisement In 1979, Jerry Buss purchased the Los Angeles Lakers for $67.9 million from Jack Kent Cooke in a deal that included the Los Angeles Kings hockey team and the Los Angeles Forum arena. It's safe to say that the purchase paid off as the Lakers have won 11 championships since 1980, easily the most in the NBA during that span. Jerry Buss ran the organization until he passed away in 2013, when it transferred to his children. Jeanie Buss took over controlling ownership in the organization in 2017 after a dispute with her brothers that eventually led to her brothers conceding and giving her lifetime operational control of the team. Walter has been a stakeholder with the Lakers since 2021, when he also received a right of first refusal on the majority share of the team. He became the controlling owner of the Dodgers in 2012 and has presided over the Dodgers' rise to juggernaut status in the MLB. This deal seems like the best of both worlds for Jeanie Buss and the Buss family overall. Buss is a basketball lifer and has been a huge key in helping the Lakers stay relevant, so keeping her involved is massive for the franchise's future and in the immediate future with LeBron James' retirement looming and the Luka Doncic era starting. Related: 10 things you need to know about Lakers' new majority owner Mark Walter Related: Sorry Lakers, Dave Roberts is keeping Shohei Ohtani in Dodgers blue
