How much did Vivek Ranadivé pay for the Kings?

Vivek Ranadivé is a business executive, engineer, author, speaker, and philanthropist of Indian origin.

Ranadivé is also a co-owner and chairman of the Sacramento Kings of the National Basketball Association.

On March 21, 2013, it was announced that Ranadivé had joined forces with Ronald Burkle and Mark Mastrov to try to buy the Sacramento Kings.  Ranadivé had to sell his stake in the Golden State Warriors to purchase the Kings.

Ranadive and his group purchased the Kings and their old arena for $534 million in 2013, preventing the NBA team from moving to Seattle. According to Sportico’s most recent valuation, the Kings are now worth $2.06 billion.

During his tenure as Kings owner, Ranadivé has been chastised and blamed for the team’s lack of success on the court.

Ranadivé made headlines in 2014 when he proposed a style of play in which his team kept one player on offence at all times while playing a 4-on-5 defence on the other end.