sport news Here's the net worth of each person in the group that bought the Denver Broncos ... trends now
The 'new kids on the block' of NFL ownership are no slouches when it comes to running businesses.
Yesterday, the NFL owners approved the sale of the Denver Broncos to the Walton-Penner ownership group.
A majority of ownership goes to three people tied to the Walton family fortune created from Sam Walton's company, Walmart.
The Broncos had been owned by the trust of the late Pat Bowlen, who died in 2019 after a battle with Alzheimer's disease.
This purchase makes the Broncos one of the ten most valuable franchises in the NFL, after being purchased by one of America's richest families.
(L to R) Greg Penner, Mellody Hobson, Rob Walton, Condoleezza Rice, & Carrie Walton-Penner
Additionally, it creates something of a professional sports monopoly in the Denver area.
In addition to this purchase, three of Denver's other sports teams: the NHL's Colorado Avalanche, the NBA's Denver Nuggets, and the Colorado Rapids of MLS are owned by Kroenke Sports and Entertainment.
That company is run by Stan Kroenke, who is married to Ann Walton, another heir to the Walmart fortune, and the main owner of the Nuggets and Avalanche.
This leaves the Colorado Rockies of Major League Baseball as the only team in the Denver area not owned either directly or by relation to the Walton family.
The Walton-Penner ownership group has six principal investors, with three tied to the Walton family, and three others not related to the family.
Rob Walton, age 77
Rob is the oldest son of Walmart founder Sam Walton and the third richest of Sam's children according to Forbes.
Forbes lists Rob's net worth at $65 billion dollars, just $300m behind his sister Alice and $1.2b behind youngest brother Jim.
That valuation puts Rob as the 19th richest person in the world according to Forbes, and now makes him the richest owner of an NFL team.
Rob took over as chairman of the Walmart board of directors in 1992 after his father's death, and ran the company until 2015, when he passed control to son-in-law Greg Penner.
Rob Walton takes the podium after being named owner of the Denver Broncos
Greg Penner, age 52
Penner was given the reins of Walmart by father-in-law Rob in 2015 and still currently serves as chairman of Walmart's board.
He has an estimated net worth of over $1b and previously worked as a financial analyst at Goldman Sachs.
Penner started at Walmart as a store employee before becoming CFO of Walmart Japan and being appointed to the Board of Directors in 2008.
Greg met Carrie
