- Orlando City Soccer Club And Orlando Pride
- Baltimore Orioles Hill also crossed over into a new sport in January 2024 when he joined an ownership group to buy MLB’s Baltimore Orioles. As AFROTECH™ previously mentioned, billionaires David Rubenstein and Mike Arougheti led the group, which also included Hall of Famer and former Orioles player Cal Ripken Jr.; former New York City, NY, mayor Michael Bloomberg; former Baltimore, MD, mayor Kurt Schmoke; and entrepreneur Michele Kang. The sale, valued at $1.73 billion, was approved by majority owners, the Angelos family, and under the deal Club Chairman John Angelos remains as a senior adviser.
- Baltimore Orioles
- Net Worth
Hill had previously been a player across four teams in the NBA, and his time would conclude after 19 seasons. He accumulated more than $100 million during his playing days, and his earnings would only continue in retirement, CNBC reports.
In 2015, two years following his exit, Hill began sporting a new hat as a team owner. As previously mentioned by AFROTECH™, he became part of an ownership group headed by Ares Management Founder Tony Ressler, which acquired a stake in the NBA’s Atlanta Hawks from the ownership team led by Bruce Levenson, per Bleacher Report.
The sale was reportedly valued at $850 million, reports ESPN. What’s more, it has proven to be a great addition to Hill’s portfolio as the team is now worth a staggering $3.3 billion, notes Forbes in 2023.
Orlando City Soccer Club And Orlando Pride
Hill widened his presence in ownership, alongside his wife, Tamia, becoming limited partners through their involvement in the ownership group for two teams — the Orlando City Soccer Club and the National Women’s Soccer League team Orlando Pride in Orlando, FL.
“We are so grateful to join on as partners with the @orlpride & @orlandocitysc ownership group. We have been huge fans of both teams over the years, and have loved watching and supporting the women and men of the @nwsl & @mls,” the couple shared on Instagram. “We can’t wait to continue with our support and enjoy in the passion and excitement at @exploriastadium for many years to come.”
Baltimore Orioles
“I am personally committed to helping David and his partners take the franchise to the next level,” Angelos said, according to ESPN. “We think this transaction is great for Major League Baseball and great for the city of Baltimore and Maryland. We are thankful to the fans and supporters cheering on the O’s as we reached this important goal — and who will be with us celebrating more success to come.”
Net Worth
Beyond his team ownership, Hill has also invested in a $5 billion real estate project aimed at creating a mixed-use development in Atlanta, GA. The entertainment and residential venture began planning in 2022 and is expected to be completed within seven to 10 years, according to the previous CNBC report.
Hill’s net worth is reportedly estimated to be $250 million, Celebrity Net Worth shares.
