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There are a record 3,795 billionaires in the world right now—and just like Jeff Bezos, their favorite investments are sports and philanthropy
Billionaires from Microsoft CEO Steve Ballmer to businessman Robert Kraft are spending their fortunes buying sports teams and funding charitable causes.
The 2025 Sports News Cycle, Charted: Data Viz
Check out a timeline of the biggest 2025 sports news stories in one chart, including the Luka Dončić trade, the tush push and Steve Ballmer.
Steve Ballmer announces Clippers complying with penalties assessed by NBA over Kawhi Leonard salary cap circumvention
Steve Ballmer announces Clippers complying with penalties assessed by NBA over Kawhi Leonard salary cap circumvention
Michael Bloomberg honors his late parents with $155 million donation
Michael Bloomberg donated $155M to Museum of Science Boston. Plus, Ballmer gave $125M for children's behavioral health research.
Video: Why the N.B.A. Banned the Richest Owner in U.S. Sports
A yearlong league probe, sparked by Pablo Torre’s Pulitzer Prize-winning investigation, found that the billionaire Los Angeles Clippers owner Steve Ballmer helped to secure endorsement deals for star Kawhi Leonard, breaking salary cap rules.
Clippers Reverse Course and Accept NBA Punishment
Steve Ballmer said he has “sincere regrets.”
NBA reportedly strips Clippers of 5 first-round draft picks, fines Steve Ballmer $30M in Kawhi Leonard salary cap circumvention probe
The NBA has stripped the Los Angeles Clippers of five first-round draft picks and fined owner Steve Ballmer $30 million at the conclusion of it’s probe into alleged salary cap circumvention with Kawhi Leonard, ESPN’s Shams Charania reports.
UCLA Gets $33M Grant for Youth Mental Health Training
UCLA received $33 million from Ballmer Group to expand youth mental health workforce training in Los Angeles County, aiming to produce 2,600 new graduates by 2031.
Steve Ballmer commits $110M to LA youth mental health crisis; Cal State LA receives record $48M gift
A landmark $110M investment from Steve and Connie Ballmer is set to transform youth mental health in Los Angeles. Learn how Cal State LA is using a record $48M grant to provide scholarships and double its social work programs.
2 CSU Campuses Receive $77M to Support Mental Health in L.A.
The Ballmer Group has donated $77 million to two California State University campuses to improve mental health services in the Los Angeles area.
UCLA, CSUs receive $110-million donation for mental health
UCLA, Cal State L.A. and Cal State Dominguez Hills have received $110 million from the Ballmer Group to train more students for mental health careers in California.
Lakers sell (again) at a record valuation of $12.5 billion
Twelve years after Steve Ballmer bought the L.A.
‘Building a better future’: UCLA receives $33 million to address LA’s youth mental health crisis
The Ballmer Group investment will support academic and clinical training that will bring more Bruin practitioners into local communities.
Steve Ballmer accepts his punishment for the Kawhi Leonard scandal
Clippers owner Steve Ballmer apologized and said he has "sincere regrets" over the matter.
Ballmer Apologizes, No Legal Fight
Steve Ballmer has abandoned any effort to challenge the NBA’s penalties against the Los Angeles Clippers, issuing a public apology and confirming the team
Clippers owner Steve Ballmer accepting NBA's punishment after Kawhi Leonard scandal, not pursuing legal battle
The NBA determined last week that the Clippers did circumvent the salary cap in deals with Kawhi Leonard.
Ballmers Give $125 Million To University Of Oregon For Child Behavioral Health
Ballmer Group, co-founded by Connie and Steve Ballmer, is donating $125 million to the University of Oregon’s Ballmer Institute for Children’s Behavioral Health.
NBA hammers Clippers, Steve Ballmer for salary cap circumvention as Kawhi Leonard avoids suspension
The NBA released the findings of its nearly year-long investigation into salary cap circumvention allegations on Wednesday