Super Bowl 58 will take place this Sunday between the Kansas City Chiefs and San Francisco 49ers. However, there is more to the game than just players running around the field. We should focus more on the Chiefs’ boss, Clark Hunt. He is like their top leader that has directed this team towards success. And man, they have had a lot of success! These last five years have seen them reach four Super Bowls and win two of them.
So, Who Owns the Kansas City Chiefs? And how much money does he have? Read this piece as we find out more about him.
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History of the Kansas City Chiefs
The Kansas City Chiefs are a professional American football team that has been around for a long time and has done well in the sport. They used to be called the Dallas Texans when they first started in 1960. But in 1963, they moved to Kansas City and changed their name to the Chiefs.
The Chiefs have won quite several big championships throughout time. In 1966, they won their first major title, and then another in 1969. They caused one of the biggest upsets ever in Super Bowl IV by beating one of the other top teams.
Their home stadium has been Arrowhead Stadium since 1972. The team has had its ups and downs over the years, although they have mostly been strong; always having a chance for playoff contention. At present, Andy Reid is coaching them and he has managed to lead them to playoffs several times.
The name “Chiefs” was selected to honor H. Roe Bartle who served as mayor when Kansas City chose that name for their team’s mascot. No Native American connection is there but the side has tried not to be offensive and held consultations with various Native American groups about how they utilize their symbols.
Key Figures in the Chiefs’ Ownership
The Kansas City Chiefs are mostly owned by Clark Hunt and his siblings, Lamar Hunt Jr., Sharron Hunt, and Daniel Hunt. Each of them owns about 24.5% of the team. Clark Hunt is the main leader and spokesperson for the ownership group. He got the team from his dad, Lamar Hunt, who started the Chiefs in 1963 and was a big part of creating the American Football League.
The Hunt family is super rich, one of the richest in the whole United States, with around $15 billion in total wealth. Besides the Chiefs, they also own FC Dallas, a soccer team, and used to own the Columbus Crew, another soccer team.
Clark’s mom, Norma Hunt, also had a small part in the Chiefs before she passed away in 2023.
Kansas City Chiefs Ownership
- Predominantly owned by the Hunt family:
- Clark Hunt (24.5%)
- Lamar Hunt Jr. (24.5%)
- Sharron Hunt (24.5%)
- Daniel Hunt (24.5%)
- Clark Hunt as a leader: Main decision-maker and spokesperson.
- Inherited the team from his father: Lamar Hunt (founder of the Chiefs and AFL).
- Hunt family wealth: Over $15 billion, considered one of the richest in the US.
- Other sports holdings: FC Dallas (soccer), formerly Columbus Crew (soccer).
- Additional note: Norma Hunt held a minor share before her passing in 2023
What is the Hunt family’s Net Worth?
The Hunt family’s net worth is estimated to be between $15.5 billion to $24.8 billion. Their wealth comes from various sources, including oil and gas companies, sports teams, and other investments. It all started with H.L. Hunt, who found success as an oil wildcatter in the 1930s.
The family has stakes in several sports teams, including NFL, NBA, and MLS franchises, along with their oil and gas ventures and other assets.
Clark Hunt, who is the CEO of the Kansas City Chiefs and owns part of the team, has a personal net worth of around $2 billion.
How much are the Kansas City Chiefs worth?
The Kansas City Chiefs, according to Forbes, are valued at $4.3 billion. This is quite a rise compared to five years ago when Patrick Mahomes became the starting quarterback in 2018. By then, the team was worth less than half of what it is now.
However, as much as this growth is impressive, the value of the Chiefs remains below the NFL average of $5.1 billion. However, it has risen by 14% on average from last year.
Kansas City Chiefs Future Outlook and Plans
The Kansas City Chiefs and the Kansas City Royals are teaming up to give Arrowhead Stadium, also known as GEHA Field, a big makeover! They want to make things even better for fans and VIP guests while keeping the stadium just as big as it is now, with 76,000 seats. They’re staying at Arrowhead Stadium, but there’s talk about maybe building a new practice place somewhere else.
They’re focusing on making the football stuff better, but they’re not talking about adding anything else like fun stuff or entertainment. Looks like the Chiefs are all about making their home stadium more modern!
