The Richest Man in Los Angeles Wants to Buy the Clippers

When the Los Angeles Clippers are finally on the open market, Oprah Winfrey, Yao Ming, Steve Ballmer, and any other name that has been linked to a potential purchase for the Clippers will have some serious competition for Donald Sterling’s franchise:

For those unfamiliar with Patrick Soon-Shiong, myself included, Soon-Shiong made his way up into the upper echelon of society through his work in health care, making his initial break in 1993. Soon-Shiong is also known for the development of Abraxis BioScience (found in 1991, sold for $3 billion in 2008) and America Pharma Partners (founded in 1997, sold for $5.6 billion).

Per Forbes’ annual rankings, Soon-Shiong is worth ~$9.9 billion. In the publications listing of the richest people in the world, Soon-Shiong ranked 131st overall, 45th overall when only counting those that reside in the United States.

Purchasing the Los Angeles Clippers wouldn’t be Soon-Shiong’s first time showing interest in the NBA. Soon-Shiong has been a fan of the Los Angeles since the Showtime Lakers era and in 2011, Soon-Shiong purchased the shares of former Lakers point guard Magic Johnson, giving the billionaire a 4.5 percent minority stake in the Los Angeles Lakers.

“It is an honor for me to be part of the Lakers family and the nation’s foremost basketball franchise,” said Soon-Shiong following the purchase. “The Lakers’ leadership and spirit of community engendered by Dr. Jerry Buss and his family is an inspiration to us all. Our family looks forward to a future filled with the excitement this team brings to the city and the nation.”

It’s fair to say that if the bidding comes down to Soon-Shiong versus the field, Soon-Shiong has the clear advantage.

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Tags: Donald Sterling Los Angeles Clippers NBA

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