Facts of Joseph S Lacob
|Full Name||Joseph S Lacob|
|Birth Name||Joseph Steven Lacob|
|Birth City||New Bedford, Massachusetts|
|Father Name||Sidney Lacob|
|Mother Name||Marlene Lacob|
|Education||University of California|
|Date of Birth||10,1956|
Joseph S. Lacob Owns $3 Billion
Joseph S. Lacob is an American businessman and entrepreneur estimated to have a net worth of $3 billion as of 2019. He mainly earns his wealth as the primary owner with 30% of the stakes of Golden States Warriors.
He and his investment team bought the majority stock of NBA’s Golden State Warriors in 2010 for $450 million from Chris Cohen and now the team is worth around $3.5 billion.
American Entrepreneur Joseph S. Lacob Net Worth: Income Sources, Salary, Earnings
As of 2019, Joseph S. Lacob is estimated to have a net worth of $3 billion according to Celebrity Net Worth whereas other sources including The Richest claim his net worth to be only $325 million. He mainly earns his riches from his career as an American businessman.
Lacob makes his earning from several investments in firms focusing in sciences, medical technology, Internet and energy. Those organizations include AutoTrader.com, Align Technology, and NuVasive. Moreover, he has been a partner of venture capital investment firm Kleiner Perkins since 1987.
Before 2006, he was a primary investor in the American Basketball League. Eventually, in 2010, he and his investing team bought Golden State Warriors of the National Basketball Association from the previous owner Chris Cohen for $450 million.
The Golden State Warriors were sold in an auction where several other bidders bid including Oracle chief executive officer Larry Ellison, Texas billionaire financier David Bonderman, 24-Hour Fitness founder Mark Mastrov.
As of now, the billionaire is currently serving as the CEO and managing director of the team. Under his management and Stephen Curry’s captainship, the Warriors are worth $3.5 billion as of 2019, which is a dramatic increase from $2.6 billion in 2017 and $450 million back in 2010.
Assets, Houses, Cars, Expenses, Taxes, Insurances
An American billionaire Joe Lacob is enjoying his lavish lifestyle and his widely spread real estate. Recently in September 2019, Joe bought a beach house for $29 million in Malibu.
He currently resides in his Atherton mansion. His house spreads in 14,000 square feet which he bought for $19.8 million back in 2007. The house is located down the street from Whatsapp founder Jan Koum’s $100 million accommodation and across the street from Google founder Sergey Brin’s $180 million residence.
The information regarding his car collection is not available. But he is often seen riding in a Ferrari whose average price ranges from $200 thousand to $300 thousand.
Currently a resident of Atherton, he is liable to pay around 9.25% of his monthly salary and income as the combined tax to the government. Moving unto his insurance payments, he pays in millions for the payments of insurance premiums of his NBA team and the players.
Joseph S. Lacob: The Charitable Champion!!! Charity Works
Lacob is often involved in several charity works. He and his wife have made a donation of more than $1 million to around 32 organizations. From his charitable foundation, The Warriors Community Foundation, he donated $175 thousand to the Good Tidings Foundation so that they could fix up the basketball courts.
Lacob himself paid $10 thousand in the annual Charity Poker Tournament and another $5 thousand for a tutorial and mini poker tournament. Back in 2014, he gave $1 million to Olin Business School to help fund a new sports management program.
Similarly, the Warriors Community Foundation contributed $10 thousand to $50 thousand with the cause of giving a sufficient amount to each organization so that they can build a basketball court.
Moreover, a wholesome of $50 thousand was granted to Learn Fresh Education Co. and low-income communities in Alameda and San Francisco counties. Likewise, back in 2014, from his name and his company, around $441 thousand was distributed to eight organizations that share the money to underserved youth in the Bay Area.
A source reported that Joe Lacob to date has made the donation of around $20 million to $40 million to several charitable foundations, campaigns, events, and fundraisers. Indeed, people often call him ‘The Charitable Champion’.
The Personal Life of Joseph S. Lacob
Joseph S. Lacob or Joseph Steven Lacob, aka Joe Lacob, was born on 10 January 1956, in New Bedford, Massachusetts. He was born to father Sidney Lacob and mother Marlene Lacob. He grew up in Anaheim, California with his sibling; brother David Lacob.
Is Joe Lacob Married?
Regarding his past relationship, he was married to Laurie Kraus. With her, he is blessed with two sons, Kirk Lacob & Kent Lacob and two daughters, Kelly Lacob and Kayci Lacob.
How Old Is Joe Lacob? Age, Height, And Weight
Joe Lacob is 63 years old as of 2019. He holds American Nationality and belongs to the white ethnic group.
Lacob has the height of 6 feet (182 cm) and weighs around 74 kg (163 pounds).