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Ownership of the Lakers is now in a trust controlled by Buss' six children, who all have worked for the Lakers in various capacities for several years. With 1,786 victories, the Lakers easily are the NBA's winningest franchise since he bought the club, which is now run largely by Jim Buss and Jeanie Buss.
Four years later, Jordan bought out the majority shareholder to become the first former NBA player to become the majority owner of a franchise. He bought in at the right time, as the values of NBA franchises have since skyrocketed, driving Jordanâs net worth past the $1 billion mark in 2015. In 2010, when he became the majority owner of the Hornets, the average value of an NBA franchise was $367 million.