Wisconsin oilman Pat Bowlen has an estimated net worth of $1 billion. He is the principal owner and Chief Executive Officer of the Denver Broncos, a professional American football team of the National Football League. He bought a majority stake in the team for $78 million in 1984 from Edgar Kaiser. A year after, the Bowlen family bought the rest of the team.
Patrick Dennis Bowlen was born on February 18, 1944 in Prairie du Chien, Wisconsin. He holds business and law degrees both from the University of Oklahoma. He later became a successful lawyer in Edmonton, Alberta which led him to build his estimated net worth of $1 billion. He also has worked at his father’s company. He is a real estate developer and has major investments in the mining industry.
As the owner of Denver Broncos, he has helped the team dominate football in the late 1990's with a back-to-back win in the Super Bowls. However, the team has been losing recently. Mr. Bowlen has fired the legendary coach Mike Shanahan because of the team’s performance in the league.
Pat Bowlen is also part-owner of the Colorado Crush in the Arena Football League. He shared the ownership with Stan Kroenke, a Denver-based sports mogul, and John Elway, the legendary Broncos quarterback. In 2006, he added the Denver Outlaws of the Major League Lacrosse in his league of teams. So far, it is the most winning franchise that he ever had.