Is there a subsidy? The new Lakers boss has a net worth of only 12 billion, but he has a valuation of 10 billion to buy the Lakers!

June 19, According to famous reporter Shams, the source revealed that the Bass family is about to reach an agreement with TWGGlobal CEO and Chairman Mark Richard Walter (born January 1, 1960) to sell most of the Lakers' equity.

Walter has become a minority shareholder of the Lakers since purchasing 26% of Phil Anschutz's shares in 2021 and has also obtained the right to refute most of the team's shares.

Walter is an American businessman and CEO of Guggenheim Partners, a privately held global financial services company that manages more than $325 billion in assets. In addition to financial investment, Walter is known for his substantial investment in professional sports.

He is the main owner and chairman of the Los Angeles Dodgers of Major League Baseball, which won two World Series titles under his leadership. He is also the main owner of the Los Angeles Lakers of the National Basketball Association, Andreti Global, the racing organization that operates the Cadillac Formula 1 team, the Los Angeles Sparks of the National Basketball Association and the Professional Women’s Hockey League (PWHL). In addition, he owns a 12.7% stake in BlueCo, a holding company that controls Premier League club Chelsea and French Ligue 1 club RC Strasbourg. He is also a board member of his alma mater, Creton University and Northwestern University.

Walter is known for his privacy and his estimates of his wealth are very different. In May 2024, Bloomberg Business Week estimated Walter's net worth was $6 billion. However, in October 2024, Bloomberg raised its valuation to $12 billion, provided Walter owns a 20% stake in Guggenheim Partners. As of February 2025, Forbes estimated Walter's net worth was $6.1 billion.