How billionaire Mark Walter, set up to own control of the Lakers, did his fortune

Millionaire Plan to take over control The Los Angeles Lakers have built a career-leading business investing in everything from sports franchises to artificial intelligence.

Mark Walter is CEO of Guggenheim Partners, a global investment and advisory firm, and is estimated to have assets of more than $325 billion. He is also co-founder and CEO of Holding Company TWG Global.

Forbes estimates Walter’s net worth is $6.1 billion. The publication ranked him at No. 216 on last year’s Forbes 400 list.

Walter received a bachelor’s degree in business administration from Clayton University and a law degree from Northwestern University, but ultimately chose business over a career in law.

In the mid-1990s, he co-founded Liberty Hampshire, a Chicago investment management company. The business became part of the Guggenheim Partner, co-founded by Walter in the late 1990s.

In addition to Guggenheim, Walter co-founded TWG Global with entrepreneur and investor Thomas Tull. The company holds a portfolio of financial and insurance sector companies, including Guggenheim Investment, Guggenheim Securities, Group 1001 Insurance and Delaware Life. It also includes Shield AI from aerospace and defense technology companies.

Last month, TWG Global announced a partnership between Palantir Technologies and Maker of Elon Musk’s AI company Grok.

Which global It also includes investments in sports, media and entertainment franchises, including reducing interest in the Los Angeles Dodgers and Premier League club Chelsea. Professional Women’s Hockey League And – through TWG Motorsport – ownership of several auto racing teams including Cadillac Formula 1.

Beyond business, Walter and his wife, Kimbra, have founded or contributed to a variety of charities, including the Los Angeles Dodgers Foundation, the Academy Group, Chicago Beyond and Onegoal.