Who is the Denver Nuggets’ Owner Stan Kroenke?
With a massive net worth of $12.9 billion, here's how Denver Nuggets' owner Stanley Kroenke amassed his vast fortune.
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Denver Nuggets owner Stan Kroenke
Stanley Kroenke is the founder and owner of ‘Kroenke Sports and Entertainment’ which originally owns the NBA franchise Denver Nuggets. His gigantic business ventures across the real estate world and the sporting industry have helped Stan amass an astounding amount of wealth over the years.
But did you know that the ownership of the franchise has been registered under Ann Kroenke since 2015? Married to Hallmark heiress Ann Walton, Stan has transferred the ownership of Denver Nuggets to the legal authorization of his wife.
Known for controversial sporting decisions made for a few of his sports franchises, Kroenke has still managed to steer his company steadily across the sporting industry. Here’s what we know about Enos Stanley Kroenke and how he amassed his vast fortune.
Also Read: Who is the Golden State Warriors owner Joe Lacob?
Stanley Kroenke Bio and Career
Born July 29, 1947, Stanley Kroenke grew up in Missouri. From an early age, Stan fostered an inherent love for sports and played basketball at high school. Although he didn’t pursue a career in sports, Kroenke had always aspired to work in the industry. He completed his graduation and post-graduation from the University of Missouri.
Stan ventured into the real estate business by founding the Kroenke Group, which would eventually be one of his most successful investments. Having built numerous real estate projects, including shopping malls and residential areas, Kroenke Group flourished. This opened up future possibilities for Stan as he ventured to establish Kroenke Sports.
Stan Kroenke Net Worth
Stan Kroenke’s current net worth stands at an astonishing $12.9 billion as of 2023. After founding Kroenke Sports in 1999, Stan acquired the Denver Nuggets from the Ascent Entertainment Group in 2000. He currently owns Arsenal FC (EPL), Los Angeles Rams (NFL), Colorado Avalanche (NHL), Colorado Rapids (MLS) and Colorado Mammoth (NLL), among others.
His real estate companies include THF Realty and the Kroenke Group. Stanley Kroenke also owns a staggering number of ranches and properties on the land. His son Josh Kroenke has been in charge of the Colorado Avalanche and Denver Nuggets since 2010 after Stan gained full ownership of the Los Angeles Rams.
Denver Nuggets Previous Owners
Here’s a list of all the previous owners of the Franchise since 1968.
Ann Kroenke – 2016-2021
Stan Kroenke – 2000-2015
Ascent Entertainment Group – 1995-1999
Comsat Video Enterprises – 1993-1994
Comsat Video Enterprises, Peter Bynoe, Bertram Lee – 1990-1992
Sidney L. Shlenker – 1985-1989
B.J. “Red” McCombs – 1979-1984
Carl Scheer – 1977-1978
Frank Goldberg, Bud Fischer – 1973-1976
Bill Ringsby – 1969-1972
Bill Ringsby, James Trindle – 1968
FAQs
How many owners does the Denver Nuggets have?
The Denver Nuggets is solely owned by Kroenke Sports & Entertainment.
Who currently owns the Denver Nuggets?
As founder and owner of Kroenke Sports, Stan Kroenke is the original owner of the Nuggets.
Who owned the Denver Nuggets before Stan Kroenke?
Ascent Entertainment Group previously owned the Denver Nuggets before Stan Kroenke.
How much is the owner of the Denver Nuggets worth?
Denver Nuggets’ owner Stanley Kroenke has an astounding net worth of $12.9 billion in 2023.
For how much the current owner bought the Denver Nuggets?
Kroenke Sports spent $450 million collectively while acquiring both the Denver Nuggets and Colorado Avalanche from Charlie Lyon’s Ascent Entertainment Group.
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