Robert Pera (2024)

FAQs

How much money is Robert Pera worth? ›

The estimated net worth of Robert J Pera is at least $6.5 Billion dollars as of 2024-03-28. Robert J Pera is the CHIEF EXECUTIVE OFFICER, 10% Owner of Ubiquiti Inc and owns about 56,278,181 shares of Ubiquiti Inc (UI) stock worth over $6.5 Billion. Details can be seen in Robert J Pera's Latest Holdings Summary section.

The lifelong basketball fan paid $377 million for the Grizzlies in 2012, becoming the youngest controlling owner in the NBA and steering the team to a club-record 56 wins in his first year.

On June 11, Michael Heisley reportedly had an agreement in principle to sell the Memphis Grizzlies to communications technology magnate Robert J. Pera, who at 34 had a spot on Forbes' 2012 list of the 10 youngest billionaires in the world. The purchase price was in the $350 million range.

Overview. Pera is the founder and chief executive officer of Ubiquiti, a manufacturer of enterprise wireless products, including routers, antennas and switches. He owns about 90% of the New York-based business and also has a controlling stake in the Memphis Grizzlies, a team in the National Basketball Association.

Robert J. Pera (born March 10, 1978) is the founder of Ubiquiti Networks, Inc. a global communications technology company that Pera took public in 2011. In October 2012, Pera also became the owner of the Memphis Grizzlies of the National Basketball Association.

In 2023, the value of the National Basketball Association franchise Memphis Grizzlies grew markedly to 2.4 billion U.S. dollars. This denoted an increase of around 45 percent over the previous season, when the franchise had an estimated value of 1.65 billion U.S. dollars.

For the ninth straight year, Los Angeles Clippers owner Steve Ballmer tops Forbes' list of the 20 wealthiest owners in American sports. Denver Broncos owner Rob Walton and Cleveland Cavaliers owner Dan Gilbert round out the top three.

Desmond Bane to be highest-paid player in Memphis Grizzlies history - Memphis Local, Sports, Business & Food News | Daily Memphian.

Investing in a team can also mean easy self-marketing. When Timberlake, whose investing group owns a reported 2.8% of his hometown NBA team, the Memphis Grizzlies, played camera operator at home games, Sports Illustrated covered the story. “Sports is entertainment.

During the 2022/23 season, the revenue of the Memphis Grizzlies franchise sank to 258 million U.S. dollars. In the list of NBA teams with the most revenue, the Grizzlies ranked last that season. The Memphis Grizzlies are a professional basketball team that is part of the National Basketball Association (NBA).

How many people own the Memphis Grizzlies? ›

The franchise value for the Memphis Grizzlies stands at an estimated 1.65 billion U.S. dollars and the team is currently owned by Robert Pera, the founder of Ubiquiti Networks, Inc.. The Grizzlies have appeared in the playoffs in the last two seasons, but are yet to secure a championship title.

Ubiquiti Market Cap

Ubiquiti has a market cap or net worth of $6.55 billion as of April 12, 2024. Its market cap has decreased by -59.25% in one year.

Ubiquiti missed badly with its first quarter of fiscal 2024

This was down from the more than $498 million in the same period a year ago. Adjusted net income also declined, slipping to $88.9 million ($1.47 per share) from the first quarter 2023 profit of $94 million.

Now based in New York City, Ubiquiti manufactures and sells wireless data communication and wired products for enterprises and homes under multiple brand names.

PERA is a portfolio company of Kain Capital, a New York-based private equity firm focused on the technology enablement of healthcare services companies.

In 2023, the value of the National Basketball Association franchise Memphis Grizzlies grew markedly to 2.4 billion U.S. dollars. This denoted an increase of around 45 percent over the previous season, when the franchise had an estimated value of 1.65 billion U.S. dollars.

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