How every MLB owner made their fortune, from Stan Kroenke to Steve Cohen

Stan Kroenke purchased majority ownership of the Los Angeles Angels from Arte Moreno at a record price, demonstrating the substantial wealth required to own MLB franchises. David Rubenstein, a co-founder of the Carlyle Group, invested his private equity fortune into the Baltimore Orioles and has shown early signs of increased spending. John Henry built his wealth through commodities trading and now controls Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC, though his management of multiple sports assets limits spending on individual teams. The Steinbrenner family accumulated their fortune through the shipping industry, with George Steinbrenner purchasing the Yankees in the 1970s and his son Hal taking over operations after his death in 2010.

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