The Sacramento Kings are a professional basketball team based in Sacramento, California, USA. The franchise competes in the National Basketball Association (NBA) as a member of the Western Conference Pacific Division. The Kings play their home games at the Golden 1 Center and are known for their passionate fan base and long-standing NBA history, tracing back to their origin as the Rochester Royals in 1945.
Founded in 1945 by Les Harrison, the team relocated several times before settling in Sacramento in 1985. As of October 2025, the team is led by Vivek Ranadivé, who serves as the Chairman, Governor, and Principal Owner of the franchise.
Ownership Status of Sacramento Kings
The Sacramento Kings are privately owned, not a publicly traded organization. Ownership is held primarily by a consortium led by Vivek Ranadivé, who serves as the majority owner and controlling stakeholder of the team.
Ranadivé purchased the Kings in 2013, leading a group that acquired a 65% stake from the Maloof family for approximately $348 million. Since then, he has consolidated his control by buying out several minority shareholders.
Major Shareholders
| Shareholder / Entity | Ownership Percentage | Notes |
|---|---|---|
| Vivek Ranadivé | Majority Stake (~65%+) | Purchased controlling stake in 2013; team chairman and governor. |
| Arctos Sports Partners | Minority Stake | Institutional investor holding a partial share in the ownership group. |
| Former Minority Owners (sold) | — | Included Mark Mastrov, Kevin Nagle, Andy Miller, and others (sold shares). |
Note: The Sacramento Kings are privately owned by Ranadivé’s investment group, with limited institutional partners.
About Vivek Ranadivé
Vivek Yeshwant Ranadivé is an Indian-American entrepreneur, engineer, author, and philanthropist. He is best known as the founder of TIBCO Software, a company that revolutionized real-time data analytics for global enterprises. Born in Mumbai, India, and educated at MIT and Harvard University, Ranadivé has built a reputation for blending technology, innovation, and leadership across industries.
Vivek Ranadivé Net Worth
As of 2025, Vivek Ranadivé’s estimated net worth is around $700 million to $800 million, according to multiple financial and sports business reports. His wealth primarily comes from his success with TIBCO Software, strategic investments, and his ownership of the Sacramento Kings. Ranadivé’s leadership and entrepreneurial vision have not only elevated his financial status but also positioned him as one of the most influential figures in the NBA ownership community.
Key Shareholder Highlights
- Vivek Ranadivé – The controlling owner of the Sacramento Kings, Ranadivé is an Indian-American entrepreneur and the founder of TIBCO Software. He became the first person of Indian descent to own an NBA franchise.
- Arctos Sports Partners – A private equity firm specializing in minority investments in major sports teams. It owns minority shares in several professional franchises, including the Kings.
Ranadivé is known for promoting innovation within the organization — including advanced analytics, global fan engagement, and technology-driven fan experiences.
Recent Developments in Ownership
In 2021, Arctos Sports Partners acquired a minority stake in the Kings after several early investors decided to sell their shares.
By 2023–2024, Ranadivé’s group further consolidated ownership, increasing his control.
No new ownership changes have been reported as of October 2025, and Vivek Ranadivé continues to lead the franchise.
FAQs
1. Who is the current owner of the Sacramento Kings?
The current owner and principal stakeholder is Vivek Ranadivé, who has owned the team since 2013.
2. Is the Sacramento Kings franchise publicly traded or privately owned?
The team is privately owned, with no publicly listed shares.
3. Who founded the Sacramento Kings?
The franchise was originally founded as the Rochester Royals in 1945 by Les Harrison.
4. Has the ownership changed recently?
Ownership changes occasionally occur through minority stake transactions, but Vivek Ranadivé remains the controlling owner.
5. Where do the Kings play their home games?
The Kings play at the Golden 1 Center in Sacramento, California.
Sacramento Kings Official Site
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