Billionaire Mark Walter to acquire controlling stake in Lakers through successful business ventures

From Yahoo Finance: 2025-06-20 05:07:00

Mark Walter, CEO of Guggenheim Partners, is set to acquire controlling interest in the Los Angeles Lakers. With an estimated net worth of $6.1 billion, Walter is known for his successful business ventures in finance, insurance, and technology. His company, TWG Global, has partnerships with Palantir Technologies and xAI to develop AI for the financial services industry. TWG Global also holds investments in sports franchises like the Los Angeles Dodgers and Chelsea FC. Walter and his wife are active philanthropists, supporting organizations like the Los Angeles Dodgers Foundation and Chicago Beyond.



Read more at Yahoo Finance: How billionaire Mark Walter, set to own the controlling stake in Lakers, made his fortune