Mark Walter, one of the well-known billionaires, is all set to become the majority owner of the Los Angeles Lakers in a record-breaking $10 billion deal. If finalized, the deal will mark a dramatic shift in the leadership of one of basketball’s most iconic teams. It also solidifies Walter’s position as a major player in the sports world, extending his already impressive portfolio across multiple leagues.
Walter first entered the Lakers’ ownership in 2021 when he and Todd Boehly bought a 27% stake from Phil Anschutz for $1.35 billion. That deal came with a first right of refusal, which Walter now uses to take over complete control. This sends the decades-long Buss family era, widely seen as one of the most successful ownership legacies in NBA history.
Walter keeps a low profile, but his business influence is vast. He is the CEO of TWG Global and co-founded Guggenheim Partners, which manages over $300 billion in assets. Forbes estimates his net worth at $6.1 billion. However, Bloomberg values it closer to $12.4 billion. Beyond finance, his influence extends into tech, real estate, and food ventures like Beyond Meat and Carvana.
Los Angeles Lakers’ New Beginning With Mark Walter
Walter already has strong roots in the sports world. He owns the Los Angeles Dodgers and has stakes in the WNBA’s Los Angeles Sparks, the Professional Women’s Hockey League, and the Cadillac Formula 1 team. Under his leadership, the Dodgers made headlines in 2023 by signing Shohei Ohtani to a $700 million deal, which is the largest in MLB history.
As Walter takes charge of the Lakers, he steps into the limelight of a franchise known for winning and star power. Johnson, a legend and Walter’s business partner with the Dodgers, welcomed him. “Mark Walter is the best choice and will be the best caretaker of the Laker brand, “Johnson wrote.
Job well done to my sister Jeanie Buss for striking an incredible deal and picking the right person to carry on the @Lakers legacy and tradition of winning – Mark Walter, my business partner and friend! Mark Walter is the best choice and will be the best caretaker of the Laker…
— Earvin Magic Johnson (@MagicJohnson) June 18, 2025
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Walter also focuses on giving back. In 2025, he launched LA Rises, a $100 million project to support wildfire recovery and climate efforts in Southern California. As the Lakers move into this new chapter, his mix of bold investments and community focus may define the next era of the Lakers’ legacy.
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