Richest Sports Owner Has Stake in Diamondbacks

Walton, worth nearly $146 billion according to Forbes, purchased the stake in 2024 but never received public acknowledgment from the Diamondbacks. The transaction valued the franchise at $2 billion, with proceeds primarily funding Chase Field renovations.

As a minority limited partner, Walton has no decision-making responsibilities or involvement in operations. The team has committed $250 million to ballpark improvements, funded through both the sale and taxpayer dollars.