Joe Lacob is an American Businessman. Having invested in numerous businesses, he is also the owner of the National Basketball Association (NBA) team, ‘Golden State Warrior’. Let’s find out more about how much is Joe Lacob’s net worth in 2019.
Joseph Steven Lacob, commonly known as Joe Lacob was born on January 10, 1956, in New Bedford, Massachusetts. His father, Sidney worked at the paper product company, while his mother, Marlene worked at night shifts at a local supermarket. Joe came from a very poor family and was the first person in his family to graduate with a degree.
Growing up, Joe was a fan of ‘Boston Celtics’. The company his father use to work was shut down and shifted to other location. His father was the only person who was retained and transferred to the new location by the company. So the entire Lacob family moved to Anaheim, California.
As a kid, Joe was a sincere student and always performed better in studies. After finishing his schooling, for further studies, he went to University of California, Irvine. There he took the subject of biological science and graduated with Bachelor’s degree. After his bachelor’s, Joe moved to Los Angeles for his master’s degree. He did master’s in public health from the University of California, Los Angeles and MBA from the Stanford School of Business.
Joe was once married to Laurie. But the couple divorced due to their personal differences. Together, they have two kids. After getting a divorce, Joe was single for a quite a long time until he met Nicole Curran, a beautiful brunette, who is the board of directors of the Warriors Community Foundation. After dating for a long period, the couple is engaged now.
Before joining Kleiner Perkins, he was at the executive positions at various other firms. He has been with Kleiner Perkins for almost 30 years. Lacob has always worked hard to achieve his dreams.
Joe Lacob was also one of the primary investors in the ‘American Basketball League’, which is a women’s professional basketball league. The time he invested in the league, it was a total failure. A childhood ‘Celtics’ fan, in 2006, Joe became the part-owner of the ‘Boston Celtics’, a team from ‘National Basketball Association’ (NBA). It was dream come true for him, even though after moving to Los Angeles, he had started supporting ‘Los Angeles Lakers’.
After four years as a part owner of ‘Celtics’, a big opportunity came knocking on his door. Joe Lacob along with his group of investors won out over a dozen of other bids for the ‘Golden State Warriors’, an NBA team. They closed the deal for $450 million. Having already a much-needed experience of handling an NBA team, he started doing a good business at the ‘Warriors’.
After taking over ‘Warriors’, he made some tough decision at the management level and did some major changes in the club. Under him, ‘Golden State Warriors’ have won two NBA titles.
Awards & Achievements
Joe Lacob is a very smart and successful businessman. He hasn’t received any major awards in his lifetime. His biggest achievement would be helping Golden State Warriors to two NBA titles. He is the main person behind the Warriors greatness.
Net Worth of Joe Lacob
The estimated net worth of Joe Lacob is approximately $1.5 billion. His main source of income has been his earnings from his numerous business foundations. Also, he is earning a very hefty income from the Golden State Warriors.
Joe Lacob is one of the examples for today’s generation, that a man can climb the ladders of poverty to the riches of an NBA team owner. He has worked extremely hard to achieve his dream of becoming a successful businessman. Currently, he is engaged to his beautiful fiancé, the couple seems to be enjoying their life to the fullest and is often spotted at the Warriors game.