Have a look at the biography, family, religion and net worth Mark Walter
Mark Walter is the new majority owner of the Los Angeles Lakers, find out more about him and the recent purchase below.
The billionaire investor has seemingly pulled off one of the biggest power moves in American sports history with a record-breaking $10 billion purchase.
The Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of diversified holding company TWG Globa but Jeanie Buss will continue to serve in her role as Governor after the sale.
Who is Mark Walter, new Los Angeles Lakers owner, bio, age, family, wife, children, company, religion and net worth
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🚨Lakers new owner Mark Walter is also the CEO of Guggenheim Partners and the firm manages over $349 Billion in total assets 😳 pic.twitter.com/bxD2dcQNgc
— LakersMuse (@LALMuse) June 19, 2025
Following the purchase, the Buss family’s 45-year reign now comes to an end and marks the most expensive franchise purchase in U.S. sports.
Mark Walter becomes new Los Angeles Lakers majority owner
Mark Walter is an American billionaire investor who has taken over as the majority owner of NBA team the Los Angeles Lakers. Walter acquired control from Jeanie Buss and the Buss family for a record $10 billion deal. Following the deal, someone outside the Buss family will now run the franchise for the first time since 1979. The Lakers are one of the most iconic brands in sports, with 18 NBA championships to their name. Fans and players are now excited to see what changes Mark will bring to the team under new ownership.
Other sports teams that Mark Walter owns
Breaking: The Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of diversified holding company TWG Global, sources tell @ShamsCharania.
Jeanie Buss will continue to serve in her role as Governor after… pic.twitter.com/5Q5AJteYzw
— ESPN (@espn) June 18, 2025
Aside from now owning the LA Lakers, Walter already owns several other sport teams, including:
- Chelsea FC (Premier League)
- Los Angeles Sparks (WNBA)
- Cadillac Formula 1 Team
- Professional Women’s Hockey League (PWHL)
Mark Walter is also the chairman and controlling owner of the Los Angeles Dodgers, and an investor, conservationist and social-justice advocate.
Mark Walter bought the Dodgers in 2012. Since 2013, the Dodgers have:
12/12 postseason appearances
11 NL West titles
4 World Series appearances
2 World Series winsThey are a premier free agent destination and have become Japan's team.
The Lakers could not be in better hands. pic.twitter.com/fLzgFKXj8D
— Noah Camras (@noahcamras) June 18, 2025
Notably, the billionaire even came close to once owning the Los Angeles Clippers in 2014 but lost out to Steve Ballmer.
Mark Walter biography and age
Mark Walter is an American businessman and investor who originally hails from Iowa, USA. He is currently 65 years old, and grew up in Cedar Rapids in a middle-class family. From a very young age, Mark developed a strong interest in finance and law and eventually ventured into business professionally. Walter generally prefers to stay out of the spotlight despite his high-level involvement in business and sports.
While his religion isn’t known, he is either Jewish or a Christian.
Education
Mark Walter attended Jefferson High School during his childhood and later obtained his undergraduate degree from Creighton University before completing his Juris Doctor at Northwestern University. He currently maintains an active relationship with both institutions by serving on their boards.
Walter, who earned a law degree from Northwestern University before going into finance, gave $40 million to the school back in 2014.
Profession and career
Mark Walter is the CEO and founder of TWG Global, which is a holding company with investments in companies across various fields like financial services, renewable energy, media, entertainment, agriculture, eco-tourism, and more. He is also the founder and CEO of Guggenheim Capital, which is a financial services powerhouse that manages over $340 billion in assets. Under his leadership, Guggenheim bought the Dodgers for $2.2 billion, back in 2012. The team has since become a dominant force in Major League Baseball, winning the World Series titles in 2020 and 2024. The team have also notably qualified for the playoffs every year since the purchase.
Walter helped found Guggenheim Capital in the late 1990s after he folded his Chicago-based company, Liberty Hampshire, into the Guggenheim family office.
Wife and children
Mark Walter is married to his wife Kimbra Walter, and the couple have a daughter together. Aside from that, there is hardly any information about his family publicly available, as they tend to keep their personal life private.
Net worth
According to various sources, Mark Walter has an estimated net worth of $6.1 billion according to Forbes but Bloomberg Billionaires Index has reported Walter’s net worth to be at $12.4.