Joseph Steven Lacob is an American business executive who is a partner at Kleiner Perkins and the majority owner of the Golden State Warriors of the National Basketball Association (NBA). Lacob has been a partner at Kleiner Perkins, a Venture capital investment firm, since 1987.
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His investments have centred around firms involved in life sciences, medical technology, Internet and energy, and such enterprises as AutoTrader.com, Align Technology and NuVasive.
On July 15, 2010, Lacob and the group of investors, he headed agreed to buy the Golden State Warriors of the NBA from Chris Cohan for $450 million, requiring him to sell his minority interest in the Celtics.
During his tenure with the Warriors, the team has attained the NBA records for the best regular season with 73–9 and most wins in a season (regular season and postseason combined) with 88 in 2015–16, as well as the best postseason with 16–1 (.941 winning percentage) in 2016–17.
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How Did Joe Lacob Make His Money?
Lacob was a minority owner of the NBA’s Boston Celtics for five years before selling to buy the Warriors. Lacob joined venture capital firm Kleiner Perkins in 1987 and led investments in over 50 startup companies; he is no longer with the firm.
How Much Do The Warriors Pay In Luxury Tax?
The Golden State Warriors have been no stranger to the NBA’s luxury-tax system in recent years. They racked up an NBA-record $170.3 million tax bill last season en route to their fourth championship in the past eight years, and they’re currently on pace for a league-high $147.2 million tax bill (and counting!)
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