The exciting Indian Premier League (IPL 2025) has started with a bang. The last few weeks have been highly entertaining, with records continuing to be broken as this incredible league attracts more fans each year. The IPL’s popularity and financial health are at an all-time high.
The league features teams owned by some of India’s wealthiest individuals and most powerful business groups. Over time, the IPL has evolved into a global sporting sensation. In this article, we’ll look at the richest IPL team owners, their successful businesses, and how their investments have shaped the league’s success.
Here’s a list of the top 5 richest IPL team owners:
5. Dr Sanjeev Goenka (Lucknow Super Giants)
Net Worth: $4.5 billion (Approx)
Lucknow Super Giants (LSG) is owned by the RPSG Group, led by Dr Sanjeev Goenka, who secured the franchise in 2021 for a staggering ₹7,090 crore—the highest amount ever paid for an IPL team. Sanjeev Goenka’s net worth is approximately $4.5 billion, making him the fifth-richest IPL owner.
RPSG Group operates in multiple industries, including power and energy (CESC Limited), retail, IT & technology, FMCG, infrastructure, media, and environmental sectors. They have also invested in cricket and football teams. Apart from Lucknow Super Giants, Goenka owns the Durban Super Giants in SA20 and recently acquired a 49% stake in The Hundred franchise Manchester Originals. LSG made the playoffs in its first two seasons, and in 2025, the team was valued at $60 million.
4. JSW Group and GMW Group (Delhi Capitals)
Net Worth: $11.70 billion (Approx- JSW & GMR)
The GMR Group, a major player in property development and infrastructure, purchased the Delhi Capitals franchise for $84 million in 2008. Parth Jindal, Managing Director of JSW Cement and Director of JSW Sports acquired a 50% stake in Delhi Capitals in 2018, making him a co-owner alongside the GMR Group.
JSW Group is a conglomerate with interests in steel, energy, infrastructure, and cement, while the GMR Group dominates property development and infrastructure. In 2025, Delhi Capitals were valued at $80 million, placing them among the most valuable IPL teams. GM Rao has a real-time net worth of $3.2 billion according to Forbes. While Parth Jindal and JSW Group are valued at $24 billion, making them the fourth-richest IPL owners.
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3. N. Srinivasan (Chennai Super Kings)
Net Worth: $10 billion (Approx)
N Srinivasan, the former BCCI (Board of Control for Cricket in India) president, owns the Chennai Super Kings (CSK) franchise. He is the Vice Chairman and Managing Director of India Cements. He has also served as the BCCI Secretary and later became its President, showing a deep interest in cricket from the early days.
In 2008, he made a significant move by purchasing the Chennai Super Kings franchise for $91 million. In 2022, CSK became India’s first sports unicorn, with a market capitalisation of ₹7,600 crores. As of 2025, CSK is the most valuable franchise in the IPL, with a brand valuation of $122 million, marking a 52% increase from the previous year. India Cements has also acquired cricket teams in South Africa and the USA.
2. Torrent Group and CVC Capital Partners
Net Worth: $207.98 billion (Approx)
The Gujarat Titans franchise is co-owned by Torrent Group and CVC Capital Partners. The team is currently captained by Shubman Gill and coached by Ashish Nehra. They won their maiden IPL title in 2022 under the captaincy of Hardik Pandya, which was also their debut season.
In 2021, CVC Capital Partners acquired the Gujarat franchise for ₹5,625 crore. CVC has investments in various industries, including sports, healthcare, and financial services. Torrent, an Ahmedabad-based conglomerate, operates in pharmaceuticals, power, and gas. Their wealth is tied to a ₹17.9 billion empire. Torrent purchased a 67% stake in Gujarat Titans after CVC’s $745 million deal in 2021. The team’s value was estimated at $124 million in 2024. With a net worth of approximately $207.98 billion, the owners of Gujarat Titans are the second-richest IPL owners.
1. Mukesh Ambani (Mumbai Indians)
Net Worth: $92.8 billion (Approx)
Business tycoon Mukesh Ambani is the richest man in India and the owner of the Mumbai Indians. His company, Reliance Industries, runs the team through IndiaWin Sports. Notably, Reliance is a powerhouse in oil, gas, telecom, and retail, with Jio being one of India’s largest telecom networks. He purchased the Mumbai Indians in 2008 for $111.9 million. The franchise has won five IPL titles and also owns teams in Dubai, the USA, the UK, South Africa, and various other franchise leagues worldwide.
Reliance Industries has also expanded its investments into entertainment and energy. Mumbai Indians have become one of the top IPL brands, with their valuation rising from $12 billion in 2024 to $119 million in 2025. Mukesh Ambani’s net worth is approximately $92.8 billion, making him the richest IPL owner of all time.
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