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JPMorgan’s Billionaire Clients Want Sports Teams More Than Fine Art
By
Ben Stupples
News November 05, 2025 at 05:26 PM
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What You Need To Know
- Some 20% of 111 billionaire families served by the bank own controlling stakes in sports teams, up from 6% three years ago.
- The NFL’s New York Giants sold a 10% stake in October to Julia Koch and the Koch family at a valuation of $10.3 billion.
- Sports have "become more than just a passion investment," said Andrew L. Cohen, head of 23 Wall, the bank’s private wealth unit.
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