Joseph Steven Lacob is an American business executive who was born on January 10, 1956. He is a partner at Kleiner Perkins and the majority owner of the NBA’s Golden State Warriors (NBA).
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Joe Lacob: Net Worth 2023
Joe Lacob is an American businessman with a $3 billion net worth as of 2022. Joe Lacob is best known for being the majority owner of the NBA’s Golden State Warriors. He made a lot of money as a venture capitalist. The Warriors were bought for $450 million in 2010 by Lacob and a group of investors, led by Peter Guber. A few months before they bought the team, the Warriors picked an average college player named Stephen Curry in the draught.
Joe Lacob: Early Life Details
Lacob grew up in a Jewish family in the Massachusetts city of New Bedford. The Lacob family moved to Anaheim, California, and Joe switched his allegiance to the Los Angeles Lakers and the Los Angeles Angels of Anaheim.
Lacob got his bachelor’s degree in biological sciences from the University of California, Irvine in 1978. He also has a master’s degree in public health (epidemiology) from the University of California, Los Angeles (UCLA), and an MBA from the Stanford Graduate School of Business.
Joe Lacob: Personal Life Details
Lacob is no longer married to Laurie Kraus, his first wife. He has two sons and two daughters with Laurie. He is married to Nicole Curran right now.
Joe Lacob: Professional Career Details
Since 1987, Lacob has been a partner at Kleiner Perkins, a company that invests in venture capital. His investments have mostly gone to companies in the fields of life sciences, medical technology, the Internet, and energy.
These include AutoTrader.com, Align Technology, and NuVasive. Before joining Kleiner Perkins, Lacob worked as an executive for Cetus Corporation, which is now Chiron, FHP International, a health maintenance organization, and Booz, Allen & Hamilton, a management consulting firm. In interviews, he said that his degree in epidemiology gave him a background in statistics, which helped him with the statistical side of his longtime interest in sports.
Joe Lacob: Golden State Warriors Purchase
The Golden State Warriors were bought for $450 million by Joe Lacob and a group of investors in 2010. Before he could complete the purchase, he had to sell his share of the Celtics. Lacob had been a season ticket holder for ten years before he bought the Warriors.
Before buying him, the team drafted Stephen Curry, a player from Davidson College who wasn’t very well known. After a few years, Curry had become one of the biggest stars in the league. At the time this article was written, Stephen had led the Warriors to three NBA titles.
By 2017, it was worth $2.6 billion to own the Warriors. They were worth $3.5 billion in 2019. At the time this article was written, the Warriors were estimated to be worth $6 billion.
Joe Lacob: Beyonce Controversy
Nicole Curren, Joe’s wife, got a little bit of attention on June 5, 2019, when she sat next to Beyonce at Game 3 of the NBA Finals. At one point, Nicole was seen talking to Jay-Z while leaning over Beyonce. The next day, Nicole was one of the most talked-about things on Twitter because Beyonce’s face looked so angry at the move.
Joe Lacob: Real Estate
Joe spent $29 million on a beach house in Malibu in September 2019. His main home is a mansion in Atherton, California that is 14,000 square feet and cost him $19.8 million in 2007. His Atherton house is right across the street from Google founder Sergey Brin’s $180 million ranch compound and down the street from Whatsapp founder Jan Koum’s $100 million compounds. Joe and Jan both bought homes in Malibu around the same time, but Jan’s home, which cost $125 million, was much more expensive.