To be fair many were super wealthy when they acquired their teams, the teams just added to their wealth. Tepper bought the Panthers in 2018 so.... Better headline is wealthiest people invest in major franchises to grow wealth even more...
Panthers Owner David Tepper is One of the 50 Richest Americans in Latest Forbes Ranking (NewsObserver.com) You probably knew that Carolina Panthers owner David Tepper was a rich man. Now, we know exactly how Tepper, 62, stacks up with the richest people in the country. Forbes magazine released its annual ranking of the 400 richest Americans. To make the cut, you have to be worth at least $2.1 billion. Tepper is ranked No. 41 on the Forbes list with a net worth of $13 billion, putting him ahead of notables like Dallas Cowboys owner Jerry Jones (No. 56, $8.6B), entertainment mogul David Geffen (No. 65, $8.1B) and broker Charles Schwab (No. 85, $6.9B).
it's only natural for a competitive personality to own a sports team...you know why? because they can...