There was a time not too long ago when sports teams were considered a billionaire's ultimate luxury purchase. Sports was the one area where the super wealthy could still be super fans. But in recent years, the business side of owning a sports franchise has started to overshadow that fun. Money has been flowing into sports, notably from corporate sponsorships, brand new stadiums, and massive television contracts -- and billionaires are taking notice.
Phil Anschutz has made fortunes in oil, railroads and telecom, but his biggest bets are in entertainment. In late 2012 he put his Anschutz Entertainment Group up for sale, hoping to get more than $8 billion. Through AEG, he operates dozens of the world's greatest concert venues like the Staples Center and Nokia Theater in L.A., London's O2, and Shanghai's Mercedes-Benz Arena. He fills his halls with his own in-house entertainment, including the L.A. Lakers and NHL's L.A. Kings. His music division manages rock stars like Justin Bieber, Enrique Iglesias and Jennifer Lopez. His film division has produced the Chronicles of Narnia series. New deal: AEG partnered with Ryan Seacrest and Mark Cuban to rebrand HDNet as a new TV network called AXS. It will feature lots of live entertainment from AEG's venues. AXS is also the name of AEG's new no-fee ticketing venture to compete with Ticketmaster. Anschutz hopes to bring NFL football back to L.A., with plans to build a $1 billion stadium adjacent to the Staples Center. If only he can find a team to buy. He's got plenty of cash to make the deal, having sold oil and gas fields for $1 billion in 2010. Other passions: the art of the American West; his collection of Bierstadts, Remingtons and Russells (now on display in a new Denver museum) could be the world's best. Enjoys the western vistas too; his company Xanterra manages lodges in many national parks, and this year he bought the famed Broadmoor resort in Colorado Springs. On his own land in Wyoming, Anschutz is developing a wind farm that could boast 1,000 turbines.
In August 2012 Roman Abramovich won a suit in the High Court in London brought by billionaire Boris Berezovsky. his former partner. Berezovsky had been seeking $5.6 billion he claimed Abramovich failed to pay for stakes in oil giant Sibneft and aluminum producer Rusal. Abramovich has stakes in steel giant Evraz and mining firm Highland Gold. Together with his Evraz partner, billionaire Alexander Abramov, he plans to buy a large stake (about 10%) in Norilsk Nickel. Abramovich was orphaned as a child and dropped out of college, then made his fortune in a series of controversial oil export deals in the early 1990s. He teamed up with Berezovsky to take over Sibneft at a fraction of its market value. He sold his stake in Russian Aluminum to another billionaire, Oleg Deripaska, and a 73% stake in Sibneft to gas titan Gazprom for $13 billion in 2005. He owns the U.K.'s Chelsea soccer team. He owns the world's largest yacht, the 533-foot Eclipse, which cost him more than $250 million in 2010. He also has a 377-foot ice boat, the Luna, a Boeing 767 and homes in London, France, St. Barts, Colorado and Los Angeles. He owns a large art collection. In January 2013 he bought a collection of 40 paintings by Ilya Kabakov, the most expensive living Russian artist, from U.S. collector John L. Stewart.
Mikhail Prokhorov has been, by turns, banker, athlete, metals mogul, playboy, investor, media player, politician, NBA owner (the Brooklyn Nets) and now, again, politician. He rocked Russia when he jumped into its 2012 presidential race against strongman Vladimir Putin. No one expected him to win but he managed to get 8% of the vote, even though he ran an unexceptional campaign. (He did, however, rap on TV, perhaps suggesting that some of his friendship with Jay-Z is rubbing off). While the 6-foot-8-inch bachelor and martial arts enthusiast moved the Nets to a new arena in Brooklyn's Atlantic Yards, and often jets in to watch a game, he has no plans to settle in the U.S. He insists that his serious interest is Russian politics, and he has created a new party, the Civic Platform, that he intends to expand until it's strong enough to go head-to-head with Putin's United Russia. He has the money to see it through. In late February 2013 he sold his 37.8% share of Polyus Gold International Ltd. for $3.6 billion.
Microsoft cofounder and philanthropist Paul Allen continues to score big in real estate, tech and energy. In late 2012 his Vulcan Real Estate sold to Amazon the 12-building campus the online retailer had been leasing in downtown Seattle. At $1.15 billion, it was the biggest U.S. commercial real estate deal of the year. The proceeds will go to paying off debt and developing even more space for Amazon. Allen has been selling off shares of the software maker he started with Bill Gates and investing in a more diversified basket of media, energy and tech stocks. He's also put venture money into natural gas-to-fuels play Siluria, and diagnostics firm Applied Proteomics. Allen is that rare billionaire who combines passions for sports and science. He owns the Seattle Seahawks (pro football), the Portland Trailblazers (pro basketball) and is a part-owner in the Seattle Sounders FC (pro soccer). The cancer survivor also has a keen interest in neuroscience, having recently lost his mother to Alzheimer's disease. To date he has committed $500 million to the Allen Institute for Brain Science, which makes public a detailed "atlas" of genes that control the human brain.
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