Joe Steven Lacob, of Jewish descent, was born on January 10, 1956, in New Bedford, Massachusetts, USA. Joe is a businessman best known as the primary owner of the Golden State Warriors of the National Basketball Association (NBA). Aside from that, he had previously worked as a partner at Kleiner Perkins Caufield & Byers and had prior expertise in investing in and managing basketball clubs. His hard work has paid off, as he now owns a substantial amount of money.
Joe Lacob’s net worth has been estimated to be in the billions of dollars. Sources estimate that he has a net worth of $400 million as of early 2016, which he has amassed primarily from his commercial accomplishments. He is the majority owner of the Golden State Warriors, which accounts for a big portion of his net worth, but he also owns other businesses and enterprises that contribute to his riches.
Joe Lacob’s Net Worth
Joe Lacob is a $3 billion-dollar-rich American businessman. Joe Lacob is best known as the main owner of the NBA’s Golden State Warriors, having made his fortune as a venture capitalist. The Warriors were purchased for $450 million in 2010 by Lacob and a consortium of investors, including Peter Guber. The Warriors had drafted an ordinary college player called Stephen Curry just a few months before making the transaction.
Education and The Early Years
In New Bedford, Massachusetts, Lacob grew raised in a Jewish home. Joe transferred his allegiance to the Los Angeles Lakers and Los Angeles Angels of Anaheim after the Lacob family relocated to Anaheim, California.
Lacob got a bachelor’s degree in biological sciences from the University of California, Irvine in 1978, a master’s degree in public health (epidemiology) from UCLA, and an MBA from Stanford Graduate School of Business.
Since 1987, Lacob has worked as a partner with the venture capital firm Kleiner Perkins. Companies including AutoTrader.com, Align Technology, and NuVasive have benefited from his investments in life sciences, medical technology, the Internet, and energy. Lacob previously worked for Cetus Corporation (now Chiron), FHP International (a health maintenance organization), and Booz, Allen & Hamilton, a management consulting firm. In interviews, he has attributed his epidemiology degree with providing him with a statistical background, which has fueled the statistical part of his long-held sports interest.
He was a major backer of the American Basketball League, a professional women’s basketball league that later failed due to its inability to compete with the Women’s National Basketball Association (WNBA).
In January 2006, he joined H. Irving Grousbeck, an entrepreneur and Stanford Graduate School of Business professor, as a co-investor in the Celtics. On July 15, 2010, Lacob and his group of investors agreed to buy the NBA’s Golden State Warriors for $450 million from Chris Cohan, necessitating him to relinquish his minority stake in the Celtics.
Controversy with Beyonce
While sitting next to Beyonce during Game 3 of the NBA Finals on June 5, 2019, Joe’s wife Nicole Curren gained some recognition. Nicole was spotted talking to Jay-Z while bending over Beyonce at one point. Nicole became one of the hottest topics on Twitter the next day as Beyonce’s face appeared to be irritated by Nicole’s gesture.
Real Estate by Joe Lacob
Joe paid $29 million for a Malibu beach property in September 2019. His primary property is a 14,000-square-foot estate he purchased for $19.8 million in Atherton, California in 2007. His Atherton home is just across the street from Google co-founder Sergey Brin’s $180 million ranches and down the street from Whatsapp co-founder Jan Koum’s $100 million home. Joe and Jan acquired Malibu mansions at approximately the same time, albeit Jan’s property cost $125 million, which was a substantial difference.