The Minnesota Timberwolves are a privately owned professional basketball team based in Minneapolis, Minnesota, USA. The team competes in the National Basketball Association (NBA) as a member of the league’s Western Conference Northwest Division. The Timberwolves play their home games at the Target Center, located in downtown Minneapolis.
The franchise was established in 1989, marking Minnesota’s return to the NBA after the Minneapolis Lakers relocated to Los Angeles in 1960. Over the years, the Timberwolves have been home to notable players such as Kevin Garnett, Karl-Anthony Towns, and Anthony Edwards.
As of October 2025, the team is led by Marc Lore and Alex Rodriguez, who officially became the new owners in 2025 following NBA approval of the ownership transfer.
Ownership Status of Minnesota Timberwolves
The Minnesota Timberwolves are privately owned and are not listed on any stock exchange. Ownership is shared between Marc Lore and Alex Rodriguez, who completed the purchase from former owner Glen Taylor in 2025.
Major Shareholders
| Owner / Entity | Ownership Percentage | Notes |
|---|---|---|
| Marc Lore | Joint 50% ownership | Co-owner and Governor of the Timberwolves. |
| Alex Rodriguez | Joint 50% ownership | Co-owner and Alternate Governor of the Timberwolves. |
| Glen Taylor (former owner) | 0% (sold in 2025) | Sold majority stake to Lore and Rodriguez after arbitration. |
Note: The Timberwolves are privately owned; no public shareholders exist.
Marc Lore: Entrepreneurial Visionary
Marc Lore is a renowned American entrepreneur celebrated for founding and leading several high-profile e-commerce ventures. Born in 1971, Lore co-founded Quidsi, the parent company of Diapers.com, which revolutionized online retail for baby products. In 2014, he launched Jet.com, an innovative e-commerce platform that Walmart acquired in 2016 for $3.3 billion. Following this, Lore served as the CEO of Walmart U.S. eCommerce, spearheading the company’s digital transformation. In 2021, he co-founded Wonder Group, a food-tech startup aiming to redefine the at-home dining experience through a network of delivery-first kitchens.
Beyond his entrepreneurial endeavors, Lore has made significant investments in various sectors. He is the co-owner of the Minnesota Timberwolves and Minnesota Lynx, having purchased the teams in 2021 alongside Alex Rodriguez. Additionally, Lore is the lead investor in Archer Aviation, a company developing electric vertical takeoff and landing aircraft, highlighting his interest in sustainable transportation solutions.
Marc Lore’s Net Worth
As of October 2025, Marc Lore’s net worth is estimated at $4 billion, according to Forbes. This wealth stems from his successful ventures in e-commerce, such as the sale of Jet.com to Walmart and his leadership role in Walmart U.S. eCommerce. Additionally, his current enterprise, Wonder Group, continues to grow, contributing to his financial success. Lore’s investments in companies like Archer Aviation and his ownership stake in the Minnesota Timberwolves further diversify his portfolio, solidifying his status as a prominent figure in the business world.
Alex Rodriguez: Baseball Legend Turned Business Mogul
Alex Rodriguez, often known as “A-Rod,” is a former professional baseball player widely regarded as one of the sport’s greatest talents. Born in 1975 in New York City, Rodriguez played 22 seasons in Major League Baseball (MLB), representing the Seattle Mariners, Texas Rangers, and New York Yankees. Over his illustrious career, he amassed 696 home runs and 3,115 hits, earning 14 All-Star selections and three American League Most Valuable Player (MVP) awards. Despite controversies, including a suspension for performance-enhancing drug use, Rodriguez’s on-field achievements solidified his legacy in baseball history.
Post-retirement, Rodriguez transitioned into business and media. He serves as the chairman and CEO of A-Rod Corp, a diversified holding company with investments in real estate, sports, and media. Rodriguez also co-owns the Minnesota Timberwolves and Minnesota Lynx with Marc Lore. His media presence includes roles as a studio analyst for FOX Sports and a contributor to ABC News, showcasing his versatility beyond the baseball diamond.
Alex Rodriguez’s Net Worth
Alex Rodriguez’s net worth is estimated at $350 million. This fortune is a result of his extensive MLB career, where he earned approximately $475 million in salary. Post-retirement, Rodriguez has built a diversified business portfolio, including real estate holdings valued over $100 million and stakes in various private equity firms. His media endeavors, such as his roles with FOX Sports and ABC News, also contribute to his financial standing. Despite controversies during his playing days, Rodriguez’s post-baseball ventures have established him as a successful businessman.
Key Shareholder Highlights
The Timberwolves’ ownership structure features two high-profile figures from business and sports:
- Marc Lore – A successful American entrepreneur known for co-founding Jet.com, which was sold to Walmart for $3.3 billion. Lore has also held leadership roles at Walmart eCommerce and is known for his ventures in innovation and technology. As the current Governor of the Timberwolves, Lore oversees major strategic and business operations for the franchise.
- Alex Rodriguez (A-Rod) – A former Major League Baseball superstar and successful investor. Rodriguez transitioned from his baseball career into business, investing across various sectors, including real estate and media. As Alternate Governor, he represents the Timberwolves in NBA governance and public relations alongside Lore.
Both owners have stated their commitment to keeping the team in Minnesota and aim to strengthen its competitive standing in the NBA.
Recent Developments in Ownership
The transition of ownership from Glen Taylor to Marc Lore and Alex Rodriguez took several years and included multiple stages:
- In April 2021, Glen Taylor agreed to sell the Timberwolves and WNBA’s Minnesota Lynx to Lore and Rodriguez for $1.5 billion.
- The purchase was structured in installments, with both buyers acquiring stakes over time.
- In March 2024, Taylor attempted to withdraw from completing the final phase of the sale, citing missed payment deadlines.
- The dispute went to arbitration, and in February 2025, the panel ruled in favor of Lore and Rodriguez.
- The NBA Board of Governors officially approved the sale on June 24, 2025, confirming Lore and Rodriguez as the team’s majority owners.
Since taking over, the duo has expressed plans to modernize fan experiences and potentially explore a new arena project while maintaining the team’s base in Minnesota.
FAQs
1. Who is the current owner of the Minnesota Timberwolves?
The Minnesota Timberwolves are currently owned by Marc Lore and Alex Rodriguez, who finalized the purchase from Glen Taylor in 2025.
2. Is the Timberwolves franchise publicly traded or privately owned?
The team is privately owned and is not listed on any stock exchange.
3. Who founded the Minnesota Timberwolves?
The team was founded by Harv and Marv Wolfenson in 1989, marking the NBA’s return to Minnesota.
4. Has the ownership changed recently?
Yes. The franchise’s ownership officially changed hands in June 2025, when the NBA approved the sale from Glen Taylor to Marc Lore and Alex Rodriguez.
Minnesota Timberwolves Official Site
Discover more from Who Is The Owner Of
Subscribe to get the latest posts sent to your email.