Find out who owns the Phoenix Suns, the owner's net worth, source of wealth and ownership history of the franchise.
The Phoenix Suns are a household franchise based in Phoenix, Arizona, and are part of the NBA's Western Conference Pacific Division.
Who owns the Phoenix Suns?
The Phoenix Suns is owned by Mat Ishbia, who purchased the franchise in 2023 for $4 billion. He is the majority of the team, while his brother Justin Ishbia holds the minority stake.
Phoenix Suns ownership structure
Mathew Ishbia
Mathew Ishbia is an American businessman, CEO and chairman of United Wholesale Mortgage. Apart from the Phoenix Suns NBA franchise, he owns the Phoenix Mercury (WNBA) alongside his brother, Justin.
According to figures from Forbes, Mat Ishbia has a net worth of around $7.1B.
Justin Ishbia
Justin R. Ishbia is an American businessman and private equity investor. He is the founding partner of Shore Capital Partners.
Justin is part owner of the Phoenix Suns of the NBA and the Phoenix Mercury of the WNBA, along with his brother Mat Ishbia. He also owns stakes in Nashville SC (MLS) and the Chicago White Sox (MLB).
Justin Ishbia has a net worth of around 4.27 billion, according to figures from Forbes.
Club Net Worth & Valuation
According to figures from Forbes, the Phoenix Suns are valued at $4.3 billion.
Club Ownership History
The Suns were founded in 1968 as an NBA expansion team. Jerry Colangelo was the original owner of the franchise before selling it to Robert Sarver in 2004. The franchise was later sold to Mat Ishbia in 2023.