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Joe Lacob has 32x’d his investment; how much higher can it go?

Sixteen years after Joe Lacob’s group outbid rivals to acquire the Golden State Warriors for $450 million, their investment has ballooned to an estimated $14.5 billion—nearly a 32-fold return. The franchise’s valuation now tops NBA teams, driven by a dynasty still fresh in fans’ minds, record revenue of nearly $900 million last season, and the state-of-the-art Chase Center, which opened in 2019.

Beyond basketball, the arena’s success extends to concerts and events, with high-profile acts like Doja Cat and the Jonas Brothers scheduled to perform there soon. Lacob’s ownership also includes the Golden State Valkyries, the WNBA’s top-valued team at $850 million, adding another revenue stream tied to the Chase Center’s operations.

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