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Friday, March 05, 2021
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Walter, Mark — Los Angeles Dodgers
Owner and Chairman
Los Angeles Dodgers
THE LATEST: Walter's Guggenheim Baseball Management company invested $300 million in upgrades to Dodger Stadium ahead of the now-delayed 2020 season. The Dodgers were also scheduled to host MLB's All-Star Game in July. In its latest estimate of baseball franchises, Forbes valued the Dodgers at $3.4 billion, making them the sport's second-most valuable team.
BACKGROUND: Walter holds a law degree from Northwestern but went into finance instead. As co-founder and chief executive of Guggenheim Partners, Walter led the group that acquired the Dodgers in 2012 for $2.15 billion in cash. His team started with Peter Guber, Earvin "Magic" Johnson, Stan Kasten, Todd Boehly and Bobby Patton and added tennis legend Billie Jean King and her partner, Ilana Kloss, in 2018. In 2014, Walter's company also bought the WNBA's Sparks, which won the 2016 title.
YEARS ON THE LA500: 2
Return to the 2020 edition of the LA500.
