Mark Walter net worth: How rich is TWG Global chief who is buying a majority stake in the Lakers

Mark Walter, the CEO of holding company TWG Global, is the front-runner to buy a majority ownership of the Los Angeles Lakers

Updated on: Jun 19, 2025, 02:45:37 IST

By Yash Nitish Bajaj

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Mark Walter, the CEO of holding company TWG Global, is the front-runner to buy a majority ownership of the Los Angeles Lakers, ESPN reported on Wednesday, citing sources. Jeanie Buss will continue to serve in her role as Lakers governor, the report added.

President Donald Trump listens as Los Angeles Dodgers owner & chairman Mark Walter speaks (AP)

Walter already has interests in several sports organizations, including the Los Angeles Dodgers, Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula One team and the Professional Women's Hockey League. He has been a stakeholder in the Lakers since 2021.

The Los Angeles Lakers have been owned by the Buss family since 1979. Jerry Buss bought the franchise from Jack Kent Cooke for $67.5 million. The transaction also included the Los Angeles Kings and the Los Angeles Forum. His daughter Jeanie has served as the NBA franchise's governor since his death in 2013.

Mark Walter net worth

Mark Walter has a net worth estimated at $12.4 billion as of Wednesday, per the Bloomberg Billionaires Index. Forbes, however, reports that Walter has a net worth of $6.1 billion.

As CEO of Guggenheim Partners, Walter oversees a firm managing over $300 billion in assets, which he co-founded in the late 1990s by merging his Chicago-based Liberty Hampshire into the Guggenheim family office.

A 2019 SEC investigation into controversial real estate deals tied to Walter concluded without penalties. His personal portfolio includes stakes in Beyond Meat and Carvana, bolstering his $12.1 billion net worth, per Bloomberg Billionaires Index.

Since 2012, Walter has co-owned the Los Angeles Dodgers, acquired for $2.2 billion with partners like Magic Johnson, now valued at $6.3 billion.

In 2021, Walter and Todd Boehly bought a 27% Lakers stake for $1.35 billion, and his recent deal for majority ownership, announced on Wednesday, further boosts his influence.

ABOUT THE AUTHOR
Yash Nitish Bajaj
Yash Bajaj is a Chief Content Producer with a strong foundation in US coverage, digital strategy, and audience-focused storytelling. As part of the US Desk at Hindustan Times, he covers a wide range of topics - from American politics to sports (NFL, NBA, derbies, MLB and more). Before joining Hindustan Times, Yash served as Deputy News Editor at Times Now, where he oversaw international coverage and led a team of six. In this role, he significantly expanded global traffic through strategic planning, SEO-driven content execution, and meticulous trend tracking across platforms. He is experienced in managing high-pressure breaking-news shifts, coordinating live coverage, and building newsroom systems that improve speed, accuracy, and reach. Prior to Times Now, Yash held a position at Opoyi, where he headed the Sports and US news team. He developed broad editorial strategies, guided reporters across multiple beats, and played a key role in recruiting and training new talent. His responsibilities also extended to social media management and experimenting with innovative content formats. A passionate NFL fan, Yash is a die-hard supporter of the Cincinnati Bengals and has followed Joe Burrow closely since his college days at LSU. Whether breaking down top players' latest performance, analyzing team performances, or tracking roster moves, he brings the same dedication and sharp storytelling to his sports coverage as he does to American politics and breaking news. When he’s not writing, Yash can often be found watching games or debating the latest NFL storylines with fellow fans. Yash holds a Bachelor of Mass Media (Journalism) from HR College, Mumbai University. His interests extend well beyond the newsroom: he is an enthusiastic explorer of AI tools, a movie buff with an ever-growing watchlist, and someone who enjoys unraveling conspiracy theories for fun.Read More

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