Clay Bennett Net Worth

What is Clay Bennett's Net Worth?

Clay Bennett is an esteemed American businessman with an impressive net worth of $400 million. Hailing from Oklahoma City, Oklahoma, Bennett has built his fortune and reputation through strategic business ventures and leadership roles. He serves as the Chairman of Dorchester Capital.

Early Involvement in Professional Sports

In the 1990s, Bennett diversified his portfolio by acquiring an ownership stake in the San Antonio Spurs, an established NBA team. His vision extended beyond ownership as he later played a crucial role in negotiating a relocation deal for the New Orleans Hornets, the team that was temporarily displaced due to the devastation caused by Hurricane Katrina. The Hornets practiced and played their home games in Oklahoma City for two years, marking Bennett's initial foray into transforming Oklahoma City into a significant basketball hub.

The Formation of the Oklahoma City Thunder

Undeterred by initial setbacks, Bennett is perhaps best known for his executive role as Chairman of the Professional Basketball Club (PBC), the ownership group of the Oklahoma City Thunder. The team was originally known as the Seattle SuperSonics. Due to financial constraints in Seattle surrounding a new arena, the PBC decided to relocate the team. By relinquishing rights to the original SuperSonics name, logo, and colors, the Oklahoma City Thunder was born in 2008, giving the city its own NBA franchise.

Business Acumen and Legacy

Clay Bennett's astute business decisions have not only solidified his wealth but also contributed significantly to the growth of professional basketball in Oklahoma City. From owning parts of established teams to creating new ones, Bennett's impact on the sports and business world is noteworthy.

Bennett acquired the SuperSonics from Howard Schultz, the notable CEO of Starbucks, further cementing his legacy as a transformative figure in the realm of American sports.