Elon Musk Is So Rich He Could Buy Every MLB, NBA, NFL, NHL Team And Still Have Cash Left Over

Billionaire Elon Musk has watched his wealth soar this year, especially after the 2024 presidential election, thanks to soaring valuations for SpaceX and Tesla Inc TSLA, two companies that could benefit from the next White House administration.

What Happened: Musk added $226 billion to his wealth in 2024, with the majority of gains happening after Donald Trump won the 2024 election.

Musk endorsed Trump in the 2024 election, donated to his campaign, and even campaigned for him in the key swing state of Pennsylvania. The efforts paid off for Musk's wealth, which stands at $455 billion at the time of writing, as reported by Bloomberg.

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With Musk reaching the historic $400 billion wealth milestone, he has more money than the valuation of every single Major League Baseball, National Basketball Association, National Football League and National Hockey League team combined.

Forbes shows the New York Yankees as the highest-valued MLB team at $7.55 billion and the average team worth $2.4 billion.

NBA teams have an average value of $4.4 billion, led by the Golden State Warriors at $8.8 billion and every team worth at least $3 billion. The New York Knicks, which are owned by publicly traded Madison Square Garden Sports Corp MSGS, rank second with a valuation of $7.5 billion, as reported by Forbes.

The NFL teams have the highest valuation with the Dallas Cowboys ranking first at $10.1 billion, the first team valued at more than $10 billion. The lowest team is worth $4.1 billion and the average sits at $5.7 billion.

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NHL teams rank last of the four major North American sports leagues with an average team valuation of $1.33 billion. The highest-ranked team is the Toronto Maple Leafs valued at $2.8 billion and the lowest team ranked at $500 million. The New York Rangers, who are also owned by Madison Square Garden Sports, rank second at $2.65 billion.

Here are the total amounts across the leagues:

• MLB: $73.66 billion
• NBA: $135.50 billion
• NFL: $181.95 billion
• NHL: $42.46 billion
• Total: $433.57 billion

Based on the current team valuations of the teams, Musk could buy all the teams for $433.57 billion and still have $21.43 billion left over.

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Why It's Important: This valuation exercise is of course hypothetical as no one can own multiple teams in any sport and there are also rules in place across some leagues for ownership of teams in other leagues.

That means Tesla shareholders can breathe a sigh of relief. While Musk is worth $455 billion, the majority of his wealth comes from ownership stakes in the companies he leads, including SpaceX and Tesla.

To fund a $44 billion buyout of Twitter, which is now known as X, Musk had to sell portions of his Tesla stock. The move, known to analysts and investors as the Twitter overhang, led to Tesla shares trading down as worries of more sales continued to beat shares down during the buyout process.

Musk also has not expressed interest in owning a sports team in MLB, NBA, NFL or the NHL over the years. The world's richest man did joke about buying publicly traded soccer team Manchester United MANU previously, but nothing came of the comments.

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Billionaires have bought sports teams over the years. Others have become billionaires thanks to their ownership of professional sports teams. Amazon founder Jeff Bezos has been reported to have an interest in owning an NFL team in the future.

Sports teams have seen values rise over the years thanks to increased ticket prices, advertising opportunities and huge media rights deals.

While Musk’s wealth is already up significantly in 2024, it could increase further in the coming years. Musk could benefit from the new White House administration, which could eliminate EV tax credits that would hurt Tesla competitors.

There is also optimism that the new administration could support regulation for self-driving vehicles such as the Tesla robotaxi, reversing course on Trump’s previous plan to ban autonomous vehicles.

One item that could dent Musk’s wealth is the pending case against his 2018 Tesla pay compensation plan. A Delaware judge struck down the plan again, despite shareholder approval, but Tesla said it will appeal the decision. Without the pay package, Musk would still be the world’s richest person, but not at such a high level.

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