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Dutch they were talking on ESPN about how many billionaires there are and I think they said there are more than 1,600 of them.
Many of them live a low profile life, but some want attention, and owning a pro sports team is one way to get attention.
If Sterling did not own the Clippers, he would not be nearly as famous or get all the attention. That's what he wants...attention. If he didn't own the Clippers, he's just be another unknown billionaire and L.A. probably has several of them.
There are good billionaires and bad billionaires just like any other class of people.
Tony just before last season the Clippers were valued at well below a billion, closer to half a billion. This just shows what can happen when rich people bid against other rich people for something they want.
I hear that the new owner paid way more than they are worth, but he has a net worth of 10 billion, so with "only" 8 billion left in the bank, I think he'll still be OK. In fact I'm sure he'll make it.