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As of 2023, James Dolan's net worth is listed at around $2 billion. Most of his equity comes from being the CEO of the MSG company. Because of this, it makes him the owner of the New York Knicks, New York Rangers and Madison Square Garden itself.
As far as how James Dolan got his money, it mainly comes from his family. His father, Charles Dolan, was an extremely successful businessman in his own right. Charles was the founder of Cablevision and is a billionaire just like his son.
When it comes down to it, James Dolan's net worth is really just an extension of his father's. The only reason he accumulated this wealth is because Charles passed him along the keys to the company.
In the mid-90s, Cablevision bought 50% of the Madison Square Garden company. After being named CEO of Cablevision by his father, James eventually messed around with MSG's assets and later formed what is now The Madison Square Garden Company.
As far as NBA owners go, James Dolan is not one of the most liked. During his time with the New York Knicks, he has had countless issues and has even banned some former players from the arena at times.
James Dolan's net worth is only going to increase
Even though he isn't one of the more well-liked owners, James Dolan's net worth is only going to increase as time goes on. Madison Square Garden and the New York Knicks have a ton of history, which will only boost their value.
The Knicks have been a mediocre at best over the years, but remain one of the highest-valued franchises in the league. Currently, they are listed at $6.1 billion. Only the Golden State Warriors ($7 billion) are valued higher than them. The LA Lakers are also not far behind the Knicks at $5.9 billion.
Ultimately, Madison Square Garden itself is what keeps the Knicks' value so high. To this day, it is one of the most historic arenas in all sports and entertainment.
Given the current state of the team, the Knicks might continue to increase their value going forward. With players like Julius Randle and Jalen Brunson, they are poised to be a common fixture in the postseason.
Some might consider James Dolan's net worth to be a sham, and rightfully so. There is no telling how he would have fared in the business world if not for a lending hand from his father.
