IPL 2025: Top 10 Richest IPL Owners and the Businesses That Made Them Billionaires

IPL 2025 will begin on March 22, bringing excitement and high-stakes competitions. Over the years, the Indian Premier League (IPL) has grown into a global sports phenomenon due to heavy investments from business tycoons and celebrities.

Among the wealthiest team owners is Mukesh Ambani, chairman of the faith industry and owner of the Mumbai Indians, with an estimated net worth of about $110 billion.

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Another high-profile name is Shah Rukh Khan, a Bollywood superstar, co-owner of Kolkata Knight riders with a net worth of approximately $766 million.

These owners bring financial strength and add charm and strategic expertise to the alliance. In this article, we will explore the wealthiest IPL team owners, their successful businesses, and how their investments shape the success of the alliance.

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List of the most abundant IPL team owners and their business empires

Here is a list of IPL’s most abundant IPL team owners and their business empires:

1. Mukesh Ambani (Mumbai Indians)

Source: people.com

• Net assets: approximately US$92.8 billion (Rs 80.87 crore)
• Business Empire: Reliance Industries, a multinational company interested in petrochemicals, telecommunications (JIO), retail (Reliance Retail), Media (Network18), etc.

Mukesh Ambani owns Mumbai Indians; he is also the richest man in India. His company, Reliance Industries, runs the team through Indiawin Sports. Reliance is a giant in oil, gas, telecom, retail and Jio, a large telecom network.

He bought the Mumbai Indians for $111.9 million in 2008. The team won five IPL titles. His wife Nita Ambani and son Akash help manage it.

Reliance also invests in entertainment and energy. The Mumbai Indians are the top IPL brand, increasing from $12 billion in 2024 to $119 million in 2025.

2. Steve Koltes, Donald Mackenzie and Rolly Van Rappard (Gujarat Giant)

Source: Zapcricket

• Net assets: approximately US$207.98 billion (CVC Capital Partners)
• Business Empire: CVC Capital Partners, a global private equity and investment consulting firm.

Global private equity firm CVC Capital Partners owns Gujarat Giant (GT). In 2021, CVC Capital Partners acquired the Gujarat franchise for Rs 562.5 crore. The company has invested in a variety of industries including sports, healthcare and financial services.

Gujarat Titans made their debut in IPL 2022 and won the championship in its first season. However, they sold the majority stake to Torrent Group.

They took over the majority stake from CVC Capital Partners in 2025. Torrent is a pharmaceutical, electricity and gas conglomerate based in Ahmedabad. Their wealth is related to the empire of Rs 17.99 crore.

In CVC’s $745 million deal in 2021, they bought 67% of the GT. The team’s value is $124 million in 2024. Torrent also bids for other IPL teams. Their sports arm, Torrent Sports Ventures, drove the growth of GT. This is a new name in cricket.

3. N. Srinivasan (Chennai Super Kings)

Source: Buisness Standard

• Net assets: approximately US$10 billion
• Business Empire: India’s leading cement manufacturer India Cement.

Srinivasan is the former chairman of the Cricket Control Council of India (BCCI) and owns the Chennai Super Kings (CSK) franchise.

He worked for the leading cement manufacturing company, Cement India, where he served as Vice Chairman and Managing Director.

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When he plays a key role in cricket governance, his influence goes beyond the business. He served as secretary and later became Chairman of the Cricket Control Council of India (BCCI).

He also serves as Chairman of the International Cricket Committee (ICC). In 2008, he took historic action by purchasing the Chennai Super Kings (CSK) franchise for $91 million.

Under his leadership, CSK grew into one of the most successful IPL teams. In 2022, CSK became India’s first sports unicorn with a market value of Rs 7,6 billion. A year later in 2023, the team won its fifth IPL trophy, further strengthening its dominance in the league.

4. JSWGroup and GMW Group (Capital of Delhi)

Source: Indian Express

• Net assets: approximately US$7.68 billion (JSW) and US$3.2 billion (GMR)
• Business Empire: GMR Group (Infrastructure) and JSW Group (Steel, Energy)

Parth Jindal, managing director of JSW Cement and director of JSW Sports, jointly owns the Delhi Capital (DC) with the GMR Group. JSW Group is a group interested in steel, energy, infrastructure and cement.

According to Forbes, GM Rao’s real-time net worth is US$3.2 billion (Rs 274.77 crore). The JSW Group, worth US$24 billion, is one of the top business groups in India.

GMR Group, a major player in real estate development and infrastructure, purchased the Delhi Capital franchise for $84 million in 2008. Over the years, the team has become a strong competitor to IPL.

In 2018, JSW Group, one of India’s leading multinational corporations, joined the ownership by acquiring a 50% stake in Rs 55 billion.

In 2025, the Delhi capital is worth US$80 million, making it the most valuable IPL team.

5. SanjeevGoenka (Lucknow Super Giant)

Source: Financial Express

• Net assets: approximately US$4.5 billion
• Business Empire: RPSG Group, with an interest in power, real estate and retail.

Lucknow Super Giants (LSG) is owned by the RPSG Group (RPSG Group), a powerful Indian business group with a legacy of over 100 years.

Leading the group is Dr Sanjiv Goenka, who received an astonishing Rs 709 billion in 2021, the highest amount ever for the IPL team.

LSG entered the playoffs in the first two seasons. The team is worth $60 million in 2025. Goenka owns retail from CESC Limited and Spencer. LSG reflects his vision for sports and business growth.

6. Kalanisi Malan (Sunrisers Hyderabad)

Source: Mint

• Net assets: approximately US$2 billion
• Business Empire: Sun TV Network, a major media group in southern India.

Kalanithi Maran, founder and chairman of Sun Group, owns Sunrisers Hyderabad (SRH). Sun Group is one of India’s largest media groups with an interest in television, newspapers, FM radio, DTH services and film production.

Malan’s wealth is about $2 billion. After Deccan Chargers closed, he bought SRH for $158 million in 2012.

The team won the IPL championship in 2016. The value of SRH reaches $85 million in 2024. His daughter Kaviya often cheers on the teams in the game. Sun TV Network is the leader in South India entertainment companies. It plays popular shows and movies.

7. AnandKripalu (Royal Challenger Bangalore)

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Source: Exchange4Media

• Net assets: approximately US$1.2 billion
• Business Empire: United Spirits, a subsidiary of the Empire, a global beverage company

Royal Challenger Bangalore (RCB) is owned by United Spirits Limited, a subsidiary of Diageo, which is one of the world’s largest producers of spirits and beer.

USL is behind some of the world’s most popular brands, including Johnnie Walker, Smirnoff and Black & White. Interestingly, RCB’s name comes from USL’s Royal Challenge brand.

Despite not yet earning an IPL title, RCB remains one of the most popular franchises, known for its strong batting lineup and a large number of fan attention. As of 2025, RCB is valued at US$117 million, making it one of the most valuable IPL franchises.

8. Manoj Badale and Lachlan Murdoch (Rajasthan Royals)

Source: Financial Express

• Net assets: approximately US$160 million (emerging media)
• Business Empire: Emerging Media (Sports Management) and Redbird Capital Partners (Investment Company)

Manoj Badale, a British businessman and co-founder of Blenheim Chalcot, owns the Rajasthan Royals (RR) through emerging media.

Blenheim Chalcot is a venture capital firm that invests in a variety of areas including technology, financial services and education. Under Badale ownership, RR won the first IPL championship in 2008.

Emerging media IPL Ltd., led by Manoj Badale, holds a majority stake in the team. The U.S.-based stock company, Redbird Capital Partners, owns a 15% stake, while Fox Corporation’s Lachlan Murdoch also owns a stake, although the exact percentage remains undisclosed.

9. Mohit Burman, Ness Wadia, Preity Zinta and Karan Paul (King of Punjab)

Source: Fantasy Khiladi

• Net worth: approximately $10.4 billion (Dabur Group)
• Business Empire: Dabur Group (FMCG), Wadia Group (Aviation, Textiles) and other investments

The King of Punjab is owned by KPH Dream Cricket Private Limited, which includes key stakeholders including Mohit Burman, Preity Zinta, Ness Wadia and Karan Paul.

Mohit Burman of Dabur India, India holds the largest stake, accounting for 46%, while Bollywood actresses Zinta and Ness Wadia Group own 23%. The remaining 8% is held by businessman Karan Paul.

In 2022, the franchise underwent a rebranding its name from King XI Punjab to King Punjab. When the name changes, the team’s ambitions remain the same to ensure their first IPL title.

As of 2024, the brand value of the Punjab King (PBK) was reported to be $68 million, reflecting a 49% increase in the previous year.

10. ShahRukh Khan, Juhi Chawla and Jay Mehta (Kolkata rider)

Source: Lifestyle Asia Hong Kong

• Net worth: approximately $9.77 million (850 million miles per region)
• Business Empire: Red Chillies Entertainment (film production), Mehta Group (real estate)

The franchise is owned by Knight Riders Sports Private Limited, with Shah Rukh Khan’s Red Chillies Entertainment owning 55% stake, while Mehta Group owns the remaining 45%.

Despite the slow start of KKR, their first championship victory in 2012 changed everything. Since then, the team has won three IPL titles (2012, 2014 and 2024).

As of 2025, the Kolkata Knight Riders (KKR) has a brand value of approximately US$109 million. This is a significant increase over previous years, with a growth rate of about 38% in 2024.

KKR is the top four of the most valuable IPL teams of Chennai Super Kings, Mumbai Indians and Royal Challenger Bangalore, all of which exceed the brand value of $100 million.

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