The NBA 's Board of Governors unanimously approved billionaire businessman Mark Walter 's historic acquisition of a majority of ownership in the Los Angeles Lakers. By joining forces with Jeanie Buss to lead the team into its next phase of success, the agreement cements Walter's status as one of the most powerful individuals in the sports' world. Walter, who has a net worth of $300 billion, currently possesses one of the world's most valuable collections of professional sports teams .
A new empire rises in Los Angeles as a billionaire’s vision reshapes the purple and gold
Mark Walter has completed his purchase of a majority share in the Los Angeles Lakers after receiving unanimous approval from the NBA Board of Governors . According to insiders who spoke to ESPN, Walter promptly concluded the deal.
Talking about it, Walter then said:
“The Los Angeles Lakers are one of the most iconic franchises in all of sports, defined by a history of excellence and the relentless pursuit of greatness.. Few teams carry the legacy and global influence of the Lakers, and it’s a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court.”
For the foreseeable future, Jeanie Buss will continue to serve as the Los Angeles Lakers' governor and manage daily team operations. The Lakers are reportedly a key component of Mark's goal, and he thinks the winning leadership that has established the team as a dominant force should be maintained.
Buss then opened up about it and said:
“Over the past decade, I have come to know Mark well—first as a businessman, then as a friend and now as a colleague.. He has demonstrated time and time again his commitment to bringing championships to Los Angeles, and, on behalf of Lakers fans everywhere, I am beyond excited about what our future has in store.”
Exploring Mark Walter's achievements and fortune
At TWG Global , a dominant holding firm including financial services, AI technologies, sports, media, and entertainment, Mark Walter holds the positions of Chairman and CEO. He has established an empire that finds potential and spurs rapid expansion.
After years of friendship and cooperation with the Buss family, he joined the Lakers as an owner, bringing stability and ambition to the purple and gold. Walter also owns shares in the Los Angeles Dodgers of Major League Baseball, the Los Angeles Sparks of the WNBA, and Chelsea F.C.
The Professional Women's Hockey League, the Billie Jean King Cup, and the women's World Cup of Tennis are all owned by TWG Global.
With the same focus on innovation, expansion, and competitive success, Walter and Thomas Tull, co-chairmen at TWG worldwide, are transforming TWG Sports into a worldwide sports organization.
He is also an engaged philanthropist who is dedicated to enhancing education, fostering conservation, building stronger communities, and increasing opportunity and access. Through the Walter Family Foundation, he and his family are actively involved in worldwide conservation, saving endangered species.
They have also formed and supported a number of organizations to increase possibilities for underprivileged youngsters.
Also read: "Was a bit different" — Los Angeles Lakers insider weighs in on LeBron James’ quiet courtside vibe and alleged changing tune with team
A new empire rises in Los Angeles as a billionaire’s vision reshapes the purple and gold
Mark Walter has completed his purchase of a majority share in the Los Angeles Lakers after receiving unanimous approval from the NBA Board of Governors . According to insiders who spoke to ESPN, Walter promptly concluded the deal.
Talking about it, Walter then said:
“The Los Angeles Lakers are one of the most iconic franchises in all of sports, defined by a history of excellence and the relentless pursuit of greatness.. Few teams carry the legacy and global influence of the Lakers, and it’s a privilege to work alongside Jeanie Buss as we maintain that excellence and set the standard for success in this new era, both on and off the court.”
The NBA Board of Governors has unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter. pic.twitter.com/6YKmyvHDx5
— NBA Communications (@NBAPR) October 30, 2025
For the foreseeable future, Jeanie Buss will continue to serve as the Los Angeles Lakers' governor and manage daily team operations. The Lakers are reportedly a key component of Mark's goal, and he thinks the winning leadership that has established the team as a dominant force should be maintained.
Buss then opened up about it and said:
“Over the past decade, I have come to know Mark well—first as a businessman, then as a friend and now as a colleague.. He has demonstrated time and time again his commitment to bringing championships to Los Angeles, and, on behalf of Lakers fans everywhere, I am beyond excited about what our future has in store.”
Exploring Mark Walter's achievements and fortune
At TWG Global , a dominant holding firm including financial services, AI technologies, sports, media, and entertainment, Mark Walter holds the positions of Chairman and CEO. He has established an empire that finds potential and spurs rapid expansion.
After years of friendship and cooperation with the Buss family, he joined the Lakers as an owner, bringing stability and ambition to the purple and gold. Walter also owns shares in the Los Angeles Dodgers of Major League Baseball, the Los Angeles Sparks of the WNBA, and Chelsea F.C.
The Professional Women's Hockey League, the Billie Jean King Cup, and the women's World Cup of Tennis are all owned by TWG Global.
With the same focus on innovation, expansion, and competitive success, Walter and Thomas Tull, co-chairmen at TWG worldwide, are transforming TWG Sports into a worldwide sports organization.
He is also an engaged philanthropist who is dedicated to enhancing education, fostering conservation, building stronger communities, and increasing opportunity and access. Through the Walter Family Foundation, he and his family are actively involved in worldwide conservation, saving endangered species.
They have also formed and supported a number of organizations to increase possibilities for underprivileged youngsters.
Also read: "Was a bit different" — Los Angeles Lakers insider weighs in on LeBron James’ quiet courtside vibe and alleged changing tune with team
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