Denver Nuggets is a prominent basketball team of the NBA which started its journey in 1967 as Denver Larks which was later changed to Denver Rockets. However, since 1974, it is known as Nuggets and some of its present-time star players include Nikola Jokic and Jamal Murray.
Let’s explore who the team belongs to and how the owner created his business empire.
Who is Nuggets owner Stan Kroenke?
Denver Nuggets is under the ownership of ‘Kroenke Sports and Entertainment’ which is the company of Stan Kroenke. He is a successful businessman who has made a huge name in the field followed by his passion for the profession.
Although Stan grew up playing basketball in his high school days, he later shifted his attention to the real estate business after completing his bachelor’s and master’s degrees.
Moreover, that decision proved to be very fruitful for him as the former athlete ended up building an entire empire of fortune. Stan first stepped into business with Kroenke Group which operated its business in the real estate sector.
As the company was growing exponentially, the Nuggets owner expanded his business into various profitable areas. Moreover, in 2000, he made a winning bargain by purchasing the Denver Nuggets.
Besides, the Nuggets, he also purchased the Los Angeles Rams of the NFL, the Colorado Avalanche of the NHL, the Colorado Rapids of Major League Soccer, the Colorado Mammoth of the National Lacrosse League, the Los Angeles Gladiators of the Overwatch League, and the Los Angeles Guerrillas of the Call of Duty League.
What is Stan Kroenke net worth?
Denver Nuggets owner Stanley Kroenke has a massive Net Worth of $12.9 billion in 2023. pic.twitter.com/Ynyujhdnxd
— SportsLegit Inc (@SportsLegitInc) May 10, 2023
The Nuggets owner has a net worth of 12.5 billion as of 2023. All the credit for making such a lavish fortune goes to his mastermind investment portfolio.
It’s been nearly 23 years since Stan became the owner of the Denver Nuggets. Depending on his mighty shoulders, the team is trying its best to hold strong career stats and move forward. What is the Nuggets’ biggest NBA achievement so far? Share your opinion in the comment section.
