Lakers New Owner’s Stunning Net Worth: Know All About Mark Walter

Name	Mark Richard Walter
Age	65
Occupation	Businessman
Net Worth	$12.4 billion
Residence	Chicago
Martial Status	Married

American businessman Mark Richard Walter is now the majority shareholder of the Los Angeles Lakers. He initially purchased approximately 26% of the Lakers from Phillip Anschutz back in 2021. With that purchase, he had the first right of refusal if Jeanie Buss and her family ever were to sell. Now, as the Buss family looks to move on, Walter, the CEO of Guggenheim Partners and TWG Global, takes over as the majority stakeholder.

Mark Walter Net Worth

As the CEO of Guggenheim Partners and TWG Global, Mark Walter oversees many different sectors. Per Bloomberg, his share in the conglomerates, along with his other investments, combine to form a $12.4 billion net worth.

The son of a blue-collar worker, Walter made steadfast decisions that landed him in a prime position to start Guggenheim Partners along with the Guggenheim family. From then on, he has gone from strength to strength and holds significant stakes in several firms.

Mark Walter’s family

Mark Walter is married to Kimbra Walter. Mrs. Walter is an attorney who is also on the board, along with her husband, on several non-profits. They have one daughter, but details of her are not public. The Walters choose to stay private.

The only time they appear together as a married couple is when they are to attend a ceremony concerning one of their non-profit organizations. Just as her husband, Kimbra Walter, also attended Northwestern University.

Mark Walter’s house

Mark Walter and his family used to reside in the Lincoln Park area of Chicago, Illinois. It was a 6,704 sq ft mansion that the Walters sold for $4.2 million last January. Now, they reside in a mansion which is roughly 4 times their previous house.

Per the Chicago Tribune, they purchased five city lots over time for a sum of $9.1 million and built their 26,000 mansion in 2010. They moved here once it was complete and then sold their previous mansion. The Walters’ new mansion is in the same neighborhood as their previous one.

Mark Walter’s sports ownership history

Mark Walter took the ingenious decision to purchase sports franchises with the help of his insurance companies. In 2012, they made their first move and purchased the Los Angeles Dodgers for $2.15 billion. Since then, they have won 2 World Series and are now considered one of the best franchises in baseball.

In 2014, Walter, along with Oprah Winfrey and others, bid unsuccessfully for the Los Angeles Clippers. Instead, he, along with Magic Johnson, proceeded to purchase the Los Angeles Sparks, helping them stay in the city.

In 2021, he purchased a 20% stake in the Los Angeles Lakers, which he has now used to become the majority stakeholder. Then, in 2023, Mark Walter, along with friend and partner Todd Boehly, led a consortium to purchase Chelsea FC.

Along with investments in the Professional Women’s Hockey League, the Billie Jean King Cup, and TWG Motorsports, Walter has spread his sports ownership portfolio across the world. Now, as the majority owner of the Los Angeles Lakers, fans will hope he brings success to the purple and gold.

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