Joe Lacob Net Worth: How Did He Make His Money?

Joe Lacob is a well-known American businessman and investor known for his successful investments in a variety of companies.

He is best known as the co-owner and CEO of the Golden State Warriors, an NBA team based in San Francisco, California. Lacob has had a long and successful business career and has amassed a sizable fortune over the years.

In this article, we’ll look at Joe Lacob’s net worth, career achievements, and how he made his money.

Joe Lacob Quick Info

Name: Joe Lacob
Salary: $250 Million +
Monthly Income: $20 Million +
Date of Birth: January 10, 1956
Age: 67 Yrs
Gender: Male
Height: 1.82m. (5’ 9”)
Weight: 68Kg (149.914lbs)
Profession: Business executive
Nationality: American

Childhood and Education

Joe Lacob was born on January 10, 1956, in New Bedford, Massachusetts. He grew up in a Jewish family and attended New Bedford High School. Lacob went on to study economics at the University of California, Irvine, where he received his Bachelor’s degree. He then went on to earn an MBA from Stanford Graduate School of Business.

How did Joe Lacob Start His Career?

Lacob began his business career after completing his education. He worked for a number of companies, including Fidelity Investments and Cetus Corporation, before co-founding the venture capital firm Kleiner Perkins Caufield & Byers in 1983.

Kleiner Perkins Caufield & Byers is a Silicon Valley-based venture capital firm that has invested in a number of successful companies, including Google, Amazon, and Netscape. Lacob was a partner at the firm for over two decades and was involved in many of its investments.

In 2006, Lacob established his own venture capital firm, Kleiner Perkins Lacob Partners. The firm has invested in a number of successful companies, including AutoGrid, Proterra, and Stem.

Joe Lacob Net Worth

Lacob’s most notable investment, however, was his purchase of the Golden State Warriors NBA team in 2010. Lacob and his business partner, Peter Guber, paid $450 million to buy the team from its previous owners. Since then, the team’s value has skyrocketed, and by 2022, it is expected to be worth more than $5 billion.

Lacob has been the CEO of the Golden State Warriors since 2011 and has overseen the team’s transformation into one of the most successful franchises in the NBA. Under his direction, the team has won three NBA championships and has become a global brand.

What is Joe Lacob’s Net Worth?

Joe Lacob’s net worth is expected to be around $3 billion by 2023 According to Celebrity Net Worth. His fortune stems from his successful career as a venture capitalist and businessman, as well as his ownership of the Golden State Warriors.

In addition to his work with the Warriors, Lacob serves on the boards of several other companies, including the biotech firm Agilent Technologies and the cybersecurity firm Cylance.

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Joe Lacob Real Estate

Joe paid $29 million for a beach house in Malibu in September 2019. His primary residence is a 14,000-square-foot mansion in Atherton, California, which he purchased for $19.8 million in 2007.

His Atherton home is direct across the street from Google co-founder Sergey Brin’s $180 million ranch estate and down the street from Whatsapp co-founder Jan Koum’s $100 million estate.

Joe and Jan both bought Malibu homes around the same time, though Jan’s was significantly more expensive, at $125 million.

Beyonce Controversy

Joe’s wife Nicole Curren gained some notoriety on June 5, 2019, while sitting next to Beyonce at Game 3 of the NBA Finals. Nicole was seen leaning over Beyonce to talk to (What is Jay-Z’s Net Worth?) Jay-Z at one point. Beyonce’s expression was clearly irritated by the gesture, which made Nicole one of the most trending topics on Twitter the next day.

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Joe Lacob Philanthropy

Lacob is also well-known for his charitable contributions. He is a trustee of the Lucile Packard Children’s Hospital and has made significant contributions to Stanford University, his alma mater. In 2019, Lacob and his wife, Nicole Curran, donated $25 million to the University of California, Irvine to help fund the construction of a new basketball arena.

Joe Lacob Important Facts

  • He attended the University of California, Irvine for his undergraduate studies and the University of California, Los Angeles for his MBA.
  • Lacob is the majority owner of the Golden State Warriors basketball team and a venture capitalist.
  • He began his career at Eastman Kodak and went on to work for Cetus Corporation, FHP International, and Kleiner Perkins Caufield & Byers.
  • Lacob is a co-founder and managing partner of the venture capital firm Kleiner Perkins Caufield & Byers China Fund.
  • He paid $450 million for the Golden State Warriors in 2010.
  • The Warriors have won three NBA championships and have become one of the most valuable sports franchises in the world under Lacob’s ownership.
  • Lacob is a philanthropist who has donated to various charitable organizations and institutions, including his alma mater, UCLA.

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