Find out who owns the Sacramento Kings, the owner's net worth, source of wealth and ownership history of the franchise.
The Sacramento Kings are a household franchise based in Sacramento, California, and are part of the NBA's Western Conference Pacific Division.
Who owns the Sacramento Kings?
The Sacramento Kings is owned by Vivek Ranadivé, who purchased the franchise in 2013. He is the majority owner of the franchise.
Sacramento Kings ownership structure
Vivek Ranadivé
Vivek Ranadivé is an Indian-American business executive, engineer, and technology entrepreneur. He is known as the founder of TIBCO Software, known for its speciality in real-time data analytics.
Vivek Ranadivé has a net worth of around $800 million and makes his fortune primarily through the software industry.
Club Net Worth & Valuation
According to figures from Forbes, the Sacramento Kings are valued at $3.7 billion.
Club Ownership History
The Kings were originally founded in 1923 as the Rochester Seagrams. The team relocated multiple times and became the Rochester Royals (1945), Cincinnati Royals (1957), Kansas City-Omaha Kings (1972), Kansas City Kings (1975), and settled for the Sacramento Kings (1985).
Vivek Ranadivé became the majority owner after purchasing it in 2013.
Trophies and Achievements
The Sacramento Kings have won one NBA championship.