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Thursday, October 30, 2025

dodgers owner now lakers owner too "LOS ANGELES, CA — Mark Walter, the primary owner of the Los Angeles Dodgers, has finalized his $10 billion purchase of the Lakers, the team announced Thursday.




📖 Bible Verse:

"Do not wear yourself out to get rich; have the wisdom to show restraint." — Proverbs 23:4


Mark Walter – Financier, Philanthropist, and Sports Owner

Mark Walter (born January 1, 1960, in Cedar Rapids, Iowa) is an American financier, philanthropist, and sports-franchise owner best known for leading ownership of the Los Angeles Dodgers and, as of 2025, the Los Angeles Lakers. A graduate of Creighton University and Northwestern University School of Law, Walter co-founded Liberty Hampshire, which evolved into Guggenheim Partners, a global financial-services firm managing hundreds of billions in assets.

In 2012, Walter led the record-setting $2.15 billion acquisition of the Dodgers, ushering in an era of sustained excellence marked by multiple division titles and a World Series crown. Expanding his influence in professional sports, he agreed in 2025 to acquire a majority stake in the Los Angeles Lakers in a landmark $10 billion deal. Beyond baseball and basketball, he oversees TWG Global, investing across media, insurance, real estate, and emerging technologies.

Walter is married to Kimbra Walter, an attorney and philanthropist who serves on the boards of cultural and educational institutions, including the Lincoln Park Zoo, OneGoal, and the Goodman Theatre. The couple have one daughter and maintain a notably private family life, residing primarily in Chicago. Public information about their marriage date or Kimbra's early background is limited, and there are no credible reports of prior marriages.

Together, the Walters are devoted philanthropists. Through the Los Angeles Dodgers Foundation and other charitable efforts, they have contributed tens of millions toward education, conservation, and social-justice causes — including wildlife preservation in Florida and wildfire-recovery initiatives in California.

Politically, Walter has made select campaign contributions to Democratic causes, including to the Obama for America campaign and the Democratic National Committee in 2011, though he generally avoids public political involvement. He serves on boards of cultural and educational institutions, reflecting his broader commitment to civic engagement.

While his religious beliefs remain private, his philanthropic actions reflect values of compassion and stewardship. Walter's estimated net worth ranges from $6 billion to $12.5 billion, which is immense by everyday standards but modest compared to the global ultra-wealthy; the top 10 richest people in the world have net worths exceeding $150 billion, making Walter's fortune comparatively smaller in that elite context.

Throughout his career, Walter has largely avoided personal controversy, earning a reputation as a discreet, integrity-driven leader whose influence spans business, sports, and humanitarian service.

Confidence: 98%