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“Mark Walter is entering into an agreement to acquire additional interests in the NBA’s Los Angeles Lakers, of which he has been a stakeholder since 2021,” a spokesperson told The Athletic.

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While Forbes estimates Mark Walter’s net worth at $6.1 billion, according to the Bloomberg Billionaires Index, his net worth currently stands at $12.5 billion, and ranks him No. 226 globally.

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He’s also co-founder and CEO of holding company TWG Global. Forbes estimates Walter’s net worth is $6.1 billion. The publication ranked him at No. 216 on its Forbes 400 list last year.

Businessman Mark Walter’s acquisition of the majority ownership stake of the Los Angeles Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or ...

Mark Walter's acquisition of the Los Angeles Lakers for £7.87 billion marks the most expensive sale in US sports history. Discover what this means for the Lakers, the Buss family, and the future of ...