Ballmer drops to No. 2 on Forbes' list of richest sports team owners
Steven Ferdman / Getty Images Entertainment / Getty

Steve Ballmer is no longer the richest sports team owner in the world.

Despite seeing his net worth increase from $52.7 billion to $68.7 billion in the last year, the Los Angeles Clippers owner and former Microsoft CEO fell from No. 1 to No. 2 on Forbes' annual list of the richest controlling sports team owners. Mukesh Ambani, owner of the Mumbai Indians cricket team, overtook Ballmer for the top spot with a net worth of $84.5 billion.

The 20 owners who made the list have a combined net worth of $426 billion - a 60% increase from last year's $266 billion total, according to Forbes.

Cleveland Cavaliers owner Dan Gilbert experienced the biggest gains, with his net worth increasing 700% from last year to an estimated $51.9 billion thanks in part to his mortgage company Quicken Loans going public in August.

Here's the full list:

Rank Owner Team(s) Net Worth 
1. Mukesh Ambani Mumbai Indians $84.5B
2. Steve Ballmer Los Angeles Clippers $68.7B
3. Dan Gilbert Cleveland Cavaliers $51.9B
4. Francois Pinault & family Stade Rennais FC $42.3B
5. Dietrich Mateschitz New York Red Bulls / Red Bull Racing $26.9B
6. Robert Pera Memphis Grizzlies $18.3B
7. Steve Cohen New York Mets $16B
8. (tie) Roman Abramovich Chelsea FC $14.5B
8. (tie) David Tepper Carolina Panthers $14.5B
10. Joseph Tsai Brooklyn Nets $11.6B
11. Philip Anschutz Los Angeles Kings / LA Galaxy $10.1B
12. Jerry Jones Dallas Cowboys $8.9B
13. Hasso Plattner & family San Jose Sharks $8.3B
14. Stanley Kroenke Arsenal / Los Angeles Rams / Denver Nuggets / Colorado Avalanche / Colorado Rapids $8.2B
15. Shahid Khan Jacksonville Jaguars $8B
16. Stephen Ross Miami Dolphins $7B
17. Robert Kraft New England Patriots / New England Revolution $6.9B
18. (tie) Dmitry Rybolovlev FC Monaco $6.7B
18. (tie) Micky Arison Miami Heat $6.7B
20. Arthur Blank Atlanta Falcons / Atlanta United FC $6.4B
Ballmer drops to No. 2 on Forbes' list of richest sports team owners
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