The 20 richest billionaires who own sports teams

• Billionaires often make extravagant purchases — like buying their own sports team.
• CEOWORLD magazine recently ranked the 20 wealthiest owners of major league sports teams in the US. They have a collective worth of $182.6 billion. 
• Some own more than one team — like Stanley Kroenke, who owns five separate professional teams.
• Visit Business Insider's homepage for more stories.

Billionaires have a lot of cash to drop. Some are known to spend it on mansions. Others, private planes and luxury cars. And others still? They just buy their own sports team.

CEOWORLD magazine recently ranked the wealthiest owners of major league sports teams. The top 20 owners have a combined net worth of $182.6 billion. 

For some, owning one team isn't enough. In fact, two of the top five richest sports team owners own multiple teams. Stanley Kroenke, a real-estate mogul married to a Walmart heiress, owns five teams across different sports.

From football to basketball, here's a look at the 20 richest owners of major sports league teams, ranked in ascending order of wealth.

SEE ALSO: 22 of the most expensive watches worn by the world's top athletes, including the $2 million timepiece Odell Beckham Jr. wore to warm up for 'Monday Night Football'

DON'T MISS: The 5 richest men in the US have a staggering combined wealth of $435.4 billion. That's more than 2% of America's GDP.

20. Stephen Bisciotti

Net worth:$4.4 billion

Team: Baltimore Ravens

Source of wealth: Staffing, self-made

19. Henry Samueli

Net worth:$4.5 billion

Team: Anaheim Ducks

Source of wealth: Semiconductors, self-made

T18. Terrence Pegula

Net worth:$4.9 billion

Team: Buffalo Bills, Buffalo Sabres

Source of wealth: Natural gas, self-made

T18. Charles Johnson

Net worth: $4.9 billion

Team: San Francisco Giants

Source of wealth: Money management

T18. Tilman Fertitta

Net worth: $4.9 billion

Team: Houston Rockets

Source of wealth: Entertainment, self-made

15. Ted Lerner and family

Net worth: $5.2 billion

Team: Washington Nationals

Source of wealth: Real estate, self-made

14. Charles Dolan and family

Net worth: $5.3 billion

Team: New York Knicks, New York Rangers

Source of wealth: Cable television, self-made

13. Arthur Blank

Net worth: $5.5 billion

Team: Atlanta Falcons, Atlanta United FC

Source of wealth: Home Depot, self-made

12. Tom Gores

Net worth: $5.6 billion

Team: Detroit Pistons

Source of wealth: Private equity, self-made

11. Daniel Gilbert

Net worth: $6.5 billion

Team: Cleveland Cavaliers

Source of wealth: Quicken Loans, self-made

T10. Robert Pera

Net worth: $6.9 billion

Team: Memphis Grizzlies

Source of wealth: Wireless broadband systems, self-made

T10. Robert Kraft

Net worth: $6.9 billion

Teams: New England Patriots, New England Revolution

Source of wealth: The Kraft Group, self-made

Read more: Video shows Robert Kraft dancing on stage with Jamie Foxx and Jon Bon Jovi at a Hamptons bash 6 months after he was charged with solicitation

8. Stephen Ross, United States

Net worth: $7.6 billion

Team: Miami Dolphins

Source of wealth: Real estate, self-made

Read more:Meet Stephen Ross, the billionaire developer of Hudson Yards and chairman of Equinox, who's one of the richest people in New York and reportedly plans to host a fundraiser for Trump in his Hamptons home

T7. Shahid Khan

Net worth: $8.1 billion

Team: Jacksonville Jaguars

Source of wealth: Auto parts, self-made

T7. Micky Arison, United States

Net worth: $8.1 billion

Team: Miami Heat

Source of wealth: Carnival Cruises

5. Jerry Jones

Net worth: $8.4 billion

Team: Dallas Cowboys

Source of wealth: Oil, Dallas Cowboys, self-made

4. Stanley Kroenke

Net worth: $9.7 billion

Team: Los Angeles Rams, Colorado Avalanche, Denver Nuggets, Colorado Rapids, Arsenal

Source of wealth: Real estate, sports, self-made

3. Philip Anschutz

Net worth: $11.5 billion

Teams: Los Angeles Kings, LA Galaxy

Source of wealth: Investments

2. David Tepper

Net worth: $12 billion

Team: Carolina Panthers

Source of wealth: Hedge funds, self-made

Read more: David Tepper plans to turn his hedge fund into a family office so he can focus on running the Carolina Panthers

1. Steve Ballmer

Net worth: $51.7 billion

Team: Los Angeles Clippers

Source of wealth: Microsoft, self-made