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Spending money has never been an issue for Los Angeles Clippers owner Steve Ballmer. In 2014, the former Microsoft CEO bought the NBA team for a then-record $2 billion, a move that was widely seen as an overpay at the time (Forbes had most recently valued the Clippers at $575 million). This January, Ballmer shelled out more than $152 million to extend 32-year-old, All-Star forward Kawhi Leonard’s contract for another three seasons, and he is expected make similar moves with his other aging talents, Paul George, 33, and James Harden, 34. Next year, one of his crowning achievements will come to fruition, when the Clippers move into their new home, the $2 billion Intuit Dome in Inglewood, California.<br/><br/>Despite the enormous bill Ballmer has racked up in a decade of team ownership, it’s barely dented his fortune. The 68-year-old is worth an estimated $121 billion, according to Forbes’ 2024 World’s Billionaires list, up from $80.7 billion in 2023. His 50% year-over-year wealth increase, primarily due to the stellar stock performance of Microsoft, has once again made Ballmer the richest sports team owner in the world.<br/><br/>The top spot was previously held by Mukesh Ambani, who owns the Mumbai Indians cricket team through his publicly traded conglomerate Reliance Industries. (Forbes has adjusted its methodology to exclude teams owned by public companies and, therefore, their shareholders. SoftBank CEO Masayoshi Son, owner of Japanese baseball’s Fukuoka SoftBank Hawks, was left off for the same reason, as well as teams owned by giant private conglomerates, including Red Bull’s Formula 1 team and INEOS’ Manchester United and OGC Nice.)<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/justinbirnbaum/2024/04/05/the-worlds-richest-sports-team-owners-2024/?sh=3d78f3ff309f<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 3:10 👁 3.6M
Mercedes-Benz will pursue a differentiated strategic approach with its vans in the future. As presented last year (2023), the company is aiming for a premium strategy for its commercial vans. In the future, a focused luxury strategy will apply to all newly developed, privately positioned vans, as is the case for all Mercedes‑Benz passenger cars. The aim is to fully implement this strategic change with the introduction of the upcoming modular and scalable Van Electric Architecture – VAN.EA for short – from 2026. The new private midsize vans EQV and V-Class are an important milestone on this path. Both are further elevated with new exterior and interior designs. There is also an increase in comfort and safety, especially thanks to more intelligent, digital networking. The models have been available to order from Mercedes‑Benz sales partners and online since January 2024. The standard equipment has been comprehensively upgraded and thereby tailored more precisely to customer requirements. The new V-Class starts at a list price of 59,470.25 euros[1], the new EQV from 75,281.78 euros. The new V-Class also forms the basis for the V-Class Marco Polo camper van, which is offered ex factory. It starts at 80,004.89 euros1 and adopts the model's attractiveness almost completely.
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It seems that the Dead Space franchise is “on hold” at Electronic Arts following disappointing sales from the Dead Space remake.
⏲ 1:8 👁 105K
Tens of thousands of pro-Palestinian protesters attend a rally in Parliament Square calling for a ceasefire and urging the government to stop all arms sales to Israel. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Investors are bracing for a sharp fall in sales as luxury brands reveal their Q1 results. The anticipated decline is linked to weak demand from China, and Reuters reported that compared with last year, when COVID-19 restrictions were lifted in mainland China, a sales surge was resulting.
⏲ 1:11 👁 415K
Mahou Shoujo ni Akogarete anime dominates in Blu-ray/DVD sales, The president of WIT STUDIO, known for the first three seasons of \
⏲ 10:28 👁 140K
What a way to celebrate 25 wonderful years of the Zildjian A Custom line and build number 226/1000 really shines as a brilliant example of a well balanced 23\
⏲ 6:55 👁 35K
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Mercedes-Benz will pursue a differentiated strategic approach with its vans in the future. As presented last year (2023), the company is aiming for a premium strategy for its commercial vans. In the future, a focused luxury strategy will apply to all newly developed, privately positioned vans, as is the case for all Mercedes‑Benz passenger cars. The aim is to fully implement this strategic change with the introduction of the upcoming modular and scalable Van Electric Architecture – VAN.EA for short – from 2026. The new private midsize vans EQV and V-Class are an important milestone on this path. Both are further elevated with new exterior and interior designs. There is also an increase in comfort and safety, especially thanks to more intelligent, digital networking. The models have been available to order from Mercedes‑Benz sales partners and online since January 2024. The standard equipment has been comprehensively upgraded and thereby tailored more precisely to customer requirements. The new V-Class starts at a list price of 59,470.25 euros[1], the new EQV from 75,281.78 euros. The new V-Class also forms the basis for the V-Class Marco Polo camper van, which is offered ex factory. It starts at 80,004.89 euros1 and adopts the model's attractiveness almost completely.
⏲ 2:41 👁 65K
Australia's supermarkets could face big fines if they don't deal fairly with suppliers under new recommendations for a mandatory code of conduct. Former competition minister Craig Emerson, who's leading the review, says supermarkets currently write their own rules, and face no penalty for breaking them.
⏲ 4:27 👁 16.7M
Almost one in 10 (7%) pet parents have left a job to find a new one in order to better care for their pet. <br/><br/>That’s according to a new survey of 1,800 employed pet owners, which found that another 24% have considered doing so, but have not yet taken the leap. <br/><br/>In fact, 60% agree they would consider leaving their job if it conflicted with their ability to care for their pet. <br/><br/>According to the survey by OnePoll on behalf of Vetster, two in five (41%) would even be willing to take a pay cut in order to work in a pet-friendly environment.
⏲ 0:58 👁 6.8M
Is Wael Sawan bluffing when he says he is prepared to move Shell’s main listing from London to New York if its shares stay as undervalued as they are currently? I would not bet on it.Although his Bloomberg interview is the first time the oil giant’s CEO has made the threat explicitly in public, he has been saying much the same thing privately for some time.
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