Professional sports have already become a business to some because of the huge amount of money involved. Indeed, they are greatly intertwined. Consider the highest-paid athletes in the world who earn ridiculous amount of cash. It may be unfair to think about, but you also have to look at the individuals who own the biggest franchises in various sports, such as basketball, baseball, cricket, football and soccer. Some of the billionaires in the Forbes Rich List own at least one team in a major sports league. The wealthiest of the wealthy team owners are the rich and famous whose favorite toys are the well-known team sports franchises with immense values as the price for these clubs have risen dramatically thanks to sky-high television contracts. Over the past decades, the value of professional sports teams have exploded because of the massive increase in television right fees paid for games. Although most of these owners have already made their fortunes before joining the world of sports, team ownership has given them the ticket to earn the billionaire status. The world's richest sports team owner for a couple of years, Steve Ballmer is a long-time CEO of Microsoft until he left the company in 2014. He paid $2 billion for the Los Angeles Clippers when NBA forced its sale from former owner Donald Sterling. The other richest team owners are involved various other industries, including finance and investments, manufacturing, software and technology, real estate, and more. Read on to find out more about them and how they made it to the list.