What is Joe Lacob's net worth?
Joe Lacob is an American businessman who has a net worth of $3 billion. After earning a fortune as a venture capitalist, Joe Lacob is best-known for being the majority owner of the NBA's Golden State Warriors. Lacob along with a group of investors, notably Peter Guber, purchased the Warriors in 2010 for $450 million. Just a few months prior to the purchase, the Warriors drafted an unremarkable college player named Stephen Curry.
Early Life & Education
Joseph Steven Lacob was born on January 10, 1956, in New Bedford, Massachusetts. But his family moved to Anaheim, California, where Joe became a fan of the Los Angeles Lakers and Los Angeles Angels.
Lacob graduated from the University of California, Irvine and went on to get his master's in public health at University of California, Los Angeles and his MBA from the Stanford Graduate School of Business.
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Business Ventures
Joe Lacob is a partner at Kleiner Perkins Caufield & Byers and the majority owner of the NBA's Golden State Warriors. He became a partner at Kleiner Perkins in 1987 after having previously worked with Cetus Corporation, FHP International, and Booz, Allen & Hamilton. Lacob was one of the primary investors in the failed professional women's basketball league the American Basketball Association. He then became part-owner of the Boston Celtics in 2006.
In 2010, Lacob along with a group of investors, notably Peter Guber, purchased the Golden State Warriors. Just a few months prior to the purchase, the Warriors drafted an unremarkable college player named Stephen Curry. Little did he know this player would help the team's value skyrocket in the years to come.
Golden State Warriors Purchase
Joe Lacob and a group of investors purchased the Golden State Warriors in 2010 for $450 million. Before completing the acquisition he was required him to sell his interest in the Celtics. Before purchasing the Warriors Lacob had been a season ticket holder for ten years. In the months prior to his purchase, the team drafted a little-regarded player out of Davidson University named Stephen Curry. Within a few years Curry had grown into one of the league's biggest stars. As of this writing Stephen has led the Warriors to three NBA championships.
By 2017 the Warriors were worth $2.6 billion. By 2019 they were worth $3.5 billion. As of this writing the Warriors are worth an estimated $7 billion.
(Photo by Lachlan Cunningham/Getty Images)
Beyonce Controversy
On June 5, 2019, Joe's wife Nicole Curren received a modicum of notoriety while sitting next to Beyonce at Game 3 of the NBA Finals. At one point Nicole was seen leaning over Beyonce to talk to Jay-Z. Beyonce's face appeared very annoyed by the gesture and caused Nicole to be one of the most trending items on Twitter the next day.
Joe Lacob Real Estate
In September 2019, Joe bought a beach house in Malibu for $29 million. His primary residence is a 14,000 square-foot mansion in Atherton, California, that he acquired in 2007 for $19.8 million. His Atherton house is directly across the street from Google founder Sergey Brin's $180 million ranch compound and down the street from Whatsapp founder Jan Koum's $100 million compound. Coincidentally, Joe and Jan bought Malibu homes at nearly the exact same time, though Jan's home was significantly more expensive, at $125 million.
Personal Life
Joe Lacob is divorced from his first wife, Laurie. They have two sons and two daughters together. Lacob is currently married to Nicole Curran.
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