How much did Vivek Ranadive buy the Kings for?

How much did Vivek Ranadive buy the Kings for?

Sacramento Kings On 16 May 2013, it was announced that the group reached an agreement with the Maloof family to purchase 65% of the Kings for approximately $348 million. The NBA approved the sale on 28 May.

What percentage of the Sacramento Kings does Vivek Ranadive own?

65%
With his 65% ownership in the Kings close to his estimated wealth, and as sole owner, Vivek is likely the wealthiest in Sacramento franchise history.

Where is Vivek Ranadive from?

Mumbai, India
Vivek Ranadivé/Place of birth

How much is Vivek Ranadive worth?

Boasting master’s degrees from both MIT and Harvard, Vivek Ranadive is a businessman and engineer who founded TIBCO Software. Before he bought the Kings, he was the co-owner and vice-chairman of the Golden State Warriors. He’s worth $700 million, according to Celebrity Net Worth.

Does Adrienne Maloof own the Kings?

Adrienne Maloof (born September 4, 1961) is an American businesswoman, socialite, television personality, shoe designer, and co-owner of the various business holdings of Maloof Companies, which include a stake in the Sacramento Kings (NBA), the Vegas Golden Knights (NHL), The Palms Casino Resort in Las Vegas, Nevada; …

Does Shaq own the Kings?

Shaquille O’Neal became a partial owner in the Sacramento Kings in 2013. At the time, the Kings were valued at around $534 million. Today, the valuation of the Kings is $1.8 billion. Shaq will now sell his ownership stake (about 2-4%) with the Kings.

Who are the children of Vivek Ranadive?

Ranadivé and his former wife, Deborah Addicott, have three children: Aneel, Andre, and Anjali. Anjali is an R&B singer-songwriter. She wrote and released her first single, “We Turn Up” in April 2014.

Where did Anjali Ranadive grow up in California?

Anjali grew up in the San Francisco Bay Area, California. She graduated from UC Berkeley with a marine science degree in 2013. Her father, Vivek Ranadivé, is the founder and CEO of TIBCO as well as the majority owner of the Sacramento Kings. Her mother is Ranadive’s ex-wife, philanthropist Debra Addicott.

Where did Vivek Ranadive grow up in India?

Ranadivé grew up in the Juhu area of Mumbai, India, and was the youngest of three children. He studied at the Bombay International School, located at Babulnath, Mumbai. He is the nephew of the Indian Communist leaders Balkrishna Trimbak Ranadive and Ahilya Rangnekar.

How old was Vivek Ranadive when he started coaching basketball?

Ranadivé coached his daughter’s 12-and-under girls’ basketball team despite, according to his own contention, never having touched a basketball until he reached his 40s. The story of Ranadivé’s team’s unlikely success was told by author Malcolm Gladwell in the pages of The New Yorker, and later included in Gladwell’s 2013 book, David and Goliath.