Utah Jazz Owner Net Worth (Updated 2025).
Larry H. Miller, the founder of the Larry H. Miller Group of Companies, began his entrepreneurial journey in the 1970s, initially as a car salesman in Salt Lake City, Utah. His charisma and work ethic quickly propelled him to become one of the top salesmen in the region. Seeing an opportunity to expand, Miller opened his first car dealership in 1979, marking the beginning of his empire in the automotive industry.
Miller’s success in the automotive sector caught the attention of the National Basketball Association (NBA), leading to his purchase of the Utah Jazz in 1985. He became the team’s owner just as it was on the cusp of greatness, with stars like John Stockton and Karl Malone about to embark on their legendary careers. Miller’s passion for basketball and his commitment to the local community resonated with fans, making him a beloved figure in Utah.
Utah Jazz Owner’s Current Net Worth (2025)
The current net worth of the Utah Jazz owner, as of 2025, is estimated to be around $1.6 billion, according to the latest available information.
Career
The Utah Jazz owner started their career in the early 1980s, working their way up the corporate ladder to eventually become the owner of the Utah Jazz in the mid-1980s. They have since been a prominent figure in the NBA, known for their business acumen and dedication to the team.
Other Ventures
In addition to owning the Utah Jazz, the owner has also ventured into other business areas. They have investments in real estate, technology, and healthcare, among other industries. Their diversified portfolio has contributed significantly to their overall net worth.
Assets
The owner’s assets include the Utah Jazz franchise, which is valued at over $1.5 billion, as well as numerous real estate properties across the United States. They also own a significant stake in a successful technology company and have a substantial art collection.
Annual Income
The owner’s annual income is primarily derived from their ownership of the Utah Jazz. The team’s value and revenue have been steadily increasing over the years, contributing to the owner’s growing net worth. Additionally, their other ventures and investments also generate a significant annual income.
Frequently Asked Questions about Utah Jazz Owner
**Frequently Asked Questions: Utah Jazz Owner Net Worth**
1. Who is the current owner of the Utah Jazz?
The current owner of the Utah Jazz is Ryan Smith. He purchased the team from former owner Larry H. Miller’s estate in October 2020.
2. What is Ryan Smith’s net worth?
As of the latest estimates, Ryan Smith’s net worth is approximately $1.9 billion.
3. How did Ryan Smith make his fortune?
Ryan Smith is the founder and former CEO of Qualtrics, a software company. He started Qualtrics in 2002 and took it public in 2021. He also has investments in various other tech companies.
4. How much did Ryan Smith pay for the Utah Jazz?
Ryan Smith purchased the Utah Jazz for $1.66 billion in 2020.
5. What is the estimated value of the Utah Jazz today?
The estimated value of the Utah Jazz, as of the latest reports, is around $1.8 billion.
6. How does Ryan Smith’s net worth compare to other NBA team owners?
Ryan Smith’s net worth places him among the wealthiest NBA team owners. However, he is not the wealthiest. That title belongs to Steve Ballmer, the owner of the Los Angeles Clippers, with a net worth of over $90 billion.
7. What is Ryan Smith’s involvement with the Utah Jazz?
Ryan Smith is actively involved with the Utah Jazz. He has been hands-on in decision-making processes, including coaching changes and player acquisitions.
8. How does Ryan Smith plan to improve the Utah Jazz?
Ryan Smith has expressed his desire to build a sustainable, winning culture for the Utah Jazz. He plans to invest in the team’s infrastructure, including a new practice facility, and support the local community.
9. Has Ryan Smith had any previous experience with the NBA or sports teams?
Before purchasing the Utah Jazz, Ryan Smith did not have any previous experience owning an NBA team or any other professional sports team. However, he has been a lifelong fan of the Jazz.
10. What is Ryan Smith’s vision for the future of the Utah Jazz?
Ryan Smith’s vision for the Utah Jazz is to create a championship-winning culture, both on and off the court. He wants the team to be a source of pride for Utah and its fans, while also making a positive impact on the community.
