Richest Sports Owner Walton Buys Diamondbacks Stake

Denver Broncos owner Rob Walton, worth nearly $146 billion and son of Walmart founder Sam Walton, purchased a 10% stake in the Arizona Diamondbacks at a $2 billion franchise valuation. The transaction occurred in 2022 but was never made public by the team.

The "bulk of the proceeds" from Walton's investment went toward Chase Field renovations, with the team committing $250 million to ballpark improvements. As a limited partner, Walton has no decision-making responsibilities or involvement in operations, according to sources.