#1756
Joe Lacob
Overview
- Source of Wealth
- Golden State Warriors
- Industry
- Sports
- Residence
- Atherton, California
- Education
- Stanford University (Master of Business Administration)UCLA (Masters of Public Health)University of California, Irvine (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 4
Biography
Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team.
The value of the team is nearly 15 times more since then, and his 25% stake is worth nearly $2 billion, net of debt.
The Warriors have won four titles since 2010, and posted the best record in NBA history during the 2015-16 season, with 73 wins.
Lacob was a minority owner of the NBA's Boston Celtics for five years before selling to buy the Warriors.
Lacob joined venture capital firm Kleiner Perkins in 1987 and led investments in over 50 startup companies; he is no longer with the firm.