Rich DeVos Rumors
The Orlando Magic have inducted Rich DeVos, the team’s owner, into the franchise’s hall of fame. DeVos, who turned 90 years old earlier this month, will be the lone inductee this year, a team official said. DeVos purchased the Magic in 1991. He joins three other members in the Magic Hall of Fame.
Other NBA owners on the list include the Brooklyn Nets’ Mikhail Prokhorov ($7.6B), Miami Heat owner Micky Arison ($7.1B), New York Knicks owner Charles Dolan ($5B), Dan Gilbert of the Cleveland Cavaliers ($4.9B), Orlando Magic owner Rich DeVos ($4.7B), Tom Gores from the Detroit Pistons ($3.3B), Dallas Mavericks owner Mark Cuban ($3.3B), Indiana Pacers owner Herb Simon ($2.8B), New Orleans Pelicans owner Tom Benson ($2.2B), Memphis Grizzlies owner Robert Pera ($2B), Glen Taylor from the Minnesota Timberwolves ($1.8B), Milwaukee Bucks owner Marc Lasry ($1.7B), Houston Rockets owner Les Alexander ($1.5B), Utah Jazz owner Gail Miller ($1.4B), Chicago Bulls owner Jerry Reinsdorf ($1.3B), former Bulls player and Charlotte Hornets owner Michael Jordan ($1.1B) and Atlanta Hawks owner Tony Ressler ($1.1B).
The DeVos family, which owns the Orlando Magic and Amway, has purchased a minority stake in the Chicago Cubs. “Hailing from the Midwest and having followed the Chicago Cubs for many years, the DeVos Family is proud to confirm that we have invested a non-controlling interest in the Chicago Cubs and the Wrigley Field renovation project,” the family said in a statement issued to the Orlando Sentinel. “We respectfully refer any further questions on this topic to the Cubs organization.”
Other majority team owners who made this top 400 richest included Brooklyn Nets owner Mikhail Prokhorov (No. 125, $9.9 billion), Chelsea FC owner Roman Abramovich (No. 137, $9.1 billion), Miami Heat owner Micky Arison (No. 191, $7.1 billion), Miami Dolphins owner Stephen Ross (No. 216, $6.5 billion), St. Louis Rams, Denver Nuggets, Colorado Avalanche and Arsenal owner Stan Kroenke (No. 225, $6.3 billion), Orlando Magic owner Rich DeVos (No. 259, $5.7 billion), Detroit Tigers and Red Wings owner Michael Ilitch (No. 330, $4.8 billion), Jacksonville Jaguars and Fulham FC owner Shahid Khan (No. 330, $4.8 billion), Washington Nationals owner Ted Lerner (No. 330, $4.8 billion), the New York Knicks and Rangers owners, the Dolans (No. 381, $4.3 billion), New England Patriots and Revolution owner Robert Kraft (No. 381, $4.3 billion) and Dallas Cowboys owner Jerry Jones ($4.2 billion).
The DeVos family, which owns the Orlando Magic, has no plans or desire to sell the franchise, the team’s chairman, Dan DeVos, told the Orlando Sentinel on Sunday. “As a family, the topic of selling the team has not come up,” DeVos wrote in an e-mail message. “In fact, we are enjoying the team more than ever. Especially my father. We are very excited about our focus on winning a NBA championship. The family is fully engaged and active with the team. All four generations.