Find out about Utah Mammoth & Jazz owner Ryan Smith's net worth and how he makes money.
The Utah Mammoth (formerly Utah Hockey Club) is one of the newest franchises in the National Hockey League, having joined the league as an expansion team for the 2024–25 season.
Ryan Smith had plans for having an NHL team in Utah in 2022, with a formal request being in January 2024. He purchased the Arizona Coyotes NHL for $1.2 billion and was allowed to establish a new franchise in Salt Lake City.
Who is Ryan Smith?
Ryan Smith is an American businessman and chairman of Smith Entertainment Group as well as co-founder of Qualtrics. He owns other sports franchises like the Utah Jazz of the NBA and is co-owner of Real Salt Lake of Major League Soccer.
Smith is the owner of the Smith Entertainment Group.
What is Ryan Smith's net worth today?
According to figures from Forbes, Ryan Smith has an estimated net worth of $2.2B accrued through his ownership of Qualtrics, the Utah Jazz, the Utah Mammoth and the Smith Entertainment Group.
How Ryan Smith makes money: source of wealth
Qualtrics
Smith co-founded the American experience management company Qualtrics, which was later acquired by SAP for $8 billion, according to Forbes. However, he went on to purchase new stocks of his old company up to $120 million worth in 2021.
Utah Jazz
Smith has been the majority shareholder of the NBA franchise team Utah Jazz since October 2020. He acquired the franchise from former owner Gail Miller for $1.66 billion. The deal also included the Delta Center indoor venue.
Other assets within the sale of the Utah Jazz NBA franchise include the Salt Lake City Stars NBA G League and the Salt Lake Bees, which plays in the Minor League Baseball.
Real Salt Lake
Smith is co-owner of the Salt Lake City MLS franchise alongside investor David Blitzer. The duo purchased the team in 2022 for $400 million. The deal also included the America First Field, Real Monarchs and Zions Bank Stadium.
Utah Royals
Ryan Smith and investor David Blitzer re-established the National Women's Soccer League (NWSL) team Utah Royals in 2023.
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