Maloof Brothers Net Worth


The worth of the Maloof Brothers amounts to a staggering $1 billion. The brothers, Joe and Gavin hail from a well-known family of Lebanese descent. They are based in Las Vegas, Nevada and are involved in the ownership of multiple business properties. Their successful ventures include the distribution of Coors Beer and owning the NBA team, the Sacramento Kings.

The Maloof Brothers’ net worth is estimated to be $1 billion as of early-2017, gained through their successful business acumen. They previously owned the Birmingham Fire of the World League of American Football. The family’s prosperity stretches back to 1937 when they secured the distribution rights for Coors Beer. Their trajectory continued with the acquisition of the Sacramento Kings in 1998, which they held until 2013 before selling 65% of the team to Vivek Ranadive. During this period, they were also associated with the WNBA team, the Sacramento Monarchs.

In addition to their sports franchises, they ventured into the hospitality industry by establishing the Fiesta hotel–casino in Las Vegas, later selling it for $185 million and using the proceeds to create The Palms hotel and casino. Their expansion continued into the entertainment sector with endeavors such as Maloof Music, Maloof Productions, and events like the Maloof Money Cup for skateboarders. The brothers even possess the largest single share in Wells Fargo Bank. Their endeavors have also extended into television appearances and music video collaborations.

In their personal lives, both Joe and Gavin have been known for leading a luxurious lifestyle. They garnered attention for proposing a new basketball arena in Sacramento with taxpayers financing most of it, and also faced criticism for attempting to move the Kings to Anaheim in 2010 due to debts owed to Sacramento.

The brothers have never married, and are firmly entrenched in maintaining a high-profile lifestyle.


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