Dodgers owner Mark Walter just added another iconic team to his portfolio: the Los Angeles Lakers. The billionaire businessman and investor is no stranger to major league franchises, having already played a key role in reshaping the Dodgers. Now, his latest move into the NBA is turning heads.
“Mark Walter is entering into an agreement to acquire additional interests in the NBA’s Los Angeles Lakers, of which he has been a stakeholder since 2021,” a spokesperson told The Athletic.
While the sale isn’t yet finalized, here’s what to know about Walter, his net worth, and more below.
Walter, 65, is an American investor and sports entrepreneur, best known as CEO and chairman of Guggenheim Partners (now TWG Global). He’s a major force in professional sports ownership, holding key roles with the Los Angeles Dodgers, WNBA’s Sparks, Chelsea FC, and Andretti Global—now bolstered by leading the new era of the Los Angeles Lakers.
Walter’s net worth is an estimated $6.1 billion, according to Forbes.
Following the latest sale, the Lakers are valued at approximately $10 billion, making the team the most expensive U.S. sports franchise ever in terms of sale price. In October 2024, Forbes ranked the Lakers as the third-most valuable NBA team, with a valuation of $7.1 billion.
The pending sale was first reported by ESPN in June 2025 and is considered a record-breaking deal. Walter is acquiring a majority stake in the Los Angeles Lakers in a transaction valued at $10 billion. He previously owned roughly 20% of the team since 2021, which granted him first-refusal rights on future sales, ultimately paving the way for this blockbuster deal.
