- Stan Kroenke owns the Denver Nuggets.
- He bought the Nuggets for $450 million.
- Kroenke owns six teams.
The Denver Nuggets owner is involved with many businesses, including sports teams across several different leagues.
One of his proudest accomplishments was helping the Nuggets win it all in 2023 and make good on their short NBA Finals odds.
With that said, who owns the Nuggets? Let’s find out.
Who Owns the Denver Nuggets?
Stan Kroenke owns the Nuggets.
He bought the Nuggets for $450 million from Charlie Lyons in July 2000.
How Did Stan Kroenke Get Rich?
Kroenke got rich through several business ventures.
He founded Kroenke Group in 1983, a real estate development firm known for building shopping centres and apartment buildings.
Kroenke also married Ann Walton, daughter of Bud Walton, who cofounded Walmart.
Ann inherited half of her father’s 40 million Walmart shares when Bud died in 1995.
Kroenke founded THF Realty, an independent real estate development company that specializes in suburban development, in 1991.
He owns ranches comprising nearly 2.5 million acres in both the United States and Canada.
How Many Teams Does Stan Kroenke Own?
Kroenke owns six teams.
In addition to the Nuggets, he owns Arsenal F.C. (English Premier League), the Los Angeles Rams (NFL), Colorado Avalanche (NHL), Colorado Rapids (MLS), and Colorado Mammoth (NLL).
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