man city owner net worth 2021 man city owner net worth 2021

[80] However, many sources confirmed that Manchester City, along with fellow English club Chelsea, were manipulated into joining the European Super League, hence after extensive backlash from the fans on social media, the football authorities, the Premier League, and the UK Prime Minister Boris Johnson, the club eventually, backed out from the proposed multi-million-dollar league. This does not mean that Al Nassr is worth the exact same amount, but it is a glimpse into the kind of wealth that prominent. Sheikh Mansour attended Santa Barbara Community College and is a graduate of United Arab Emirates University where he received a bachelors degree in international affairs. Man City's net worth may truly be higher than $7.82 million. [37] Swales died on 3 May 1996, three days before a now yoyo club, Manchester City were relegated from the top tier of English football. Aguero won numerous trophies during his time at Manchester City. Current clubs [ edit] In his first season in charge, he won them promotion back to the first division. Two years later, he won the league championship. The first of the two games between Man City and PSG is scheduled to kick off on Wednesday, April 28 at 8:00 PM BST (Thursday, April 29 at 12:30 AM IST) at the Parc des Princes . Man City has an estimated net worth of about $7.82 million. [31] The Alexander family wished to keep Mercer as manager. Chairman Khaldoon Al-Mubarak confirmed that they didn't know what they were getting themselves into and it was a mistake that would never be repeated again.[81]. And for the fans ultimately the popularity of an owner at a particular club, like a player, has always come down to how much they put in.. Now you can watch the entire NBA season or your favorite teams on streaming. Al-Khelaifi became the new president and chief executive officer of PSG in October 2011. Rumours started to spread around the footballing world in August 2008 that Shinawatra's position as owner of the club was not viable because of his frozen financial backing and it was believed he was considering selling Manchester City to a new owner(s). Some owners have significant interest in the club, estimated net worth and source of wealth. Sheikh Mansour net worth, City Football Group value and all about Man City owners, 'Oxford standard for Rahul, Radio for Modi': Vadra Cong hurls elitist attack on PM Modi, Manish Sisodia still not cooperating, says CBI as ex-Delhi Dy CM gets more days in jail, Kangana Ranaut praises 'power couple' Anushka Sharma-Virat Kohli over Mahakaleshwar visit. When Frank Johnson realised the effect selling to Smith would have, he chose not to sell. The website does not guarantee a 100% accuracy of the figures. In comparison, the owner of Manchester City is worth 21bn. . [18] In return Etihad Airways will pay sponsorship to Manchester City F.C. Like it or not there is always a business angle and on that basis Sheikh Mansour has done pretty well. In August 2008, it became increasingly likely that Thaksin would fail to retrieve his frozen assets from Thailand. Chairman Franny Lee tried to new investors into the club, one of which was Saudi billionaire Prince Walid who was interested in making a 75m investment in 1996, but Lee refused to show Walid the club accounts and Walid cooled his interest. Manchester City brand and team value - additional information Brand Finance, Forbes and KPMG have all attempted to. Sheikh Mansour Net Worth Some sources estimate his net worth at $38 billion. This figure comes from Forbes' real-time figures. The report highlighted the club's immense spending power, meaning as of September 2010 there was a surplus transfer budget of around 175m[4] after the transfer window of summer 2010. [5] Since September 2010 up to September 2011, approximately a further 100m has been spent, but with players being sold this is around 80 to 85m in net expenditure. This happened when they defeated Grnik Zabrze by 2-1 in the 1970 European Cup WinnersCup. And their revenue? And that makes the Premier League giants the second richest club in the world at the moment, after Newcastle United. The sovereign wealth fund that. [46] Bernstein had favoured a fiscally conservative transfer policy, but manager Kevin Keegan and major shareholder John Wardle wished to spend heavily on new players, such as Robbie Fowler. Chelsea are the only club to exceed such expenditure in this period but Manchester City have also invested 150m into Pep Guardiolas squad. He also owns the Abu Dhabi Media Investment Corporation (ADMIC) which established Sky News Arabia under a partnership with British Sky Broadcasting. Their biggest signing so far is Jack Grealish, who arrived from Aston Villa in the summer of 2021 for 100 million euros. With its seating capacity of 53,400, the stadium is the 5th largest in the premier league and 10th largest in the UK. They lost the 1995 finals but won the 1956 edition. From Jack Walker bankrolling Blackburn Rovers to the Premier League #UCLfinal [47] Wardle became Temporary Chairman, taking the position on a permanent basis two months later. While Man City's real net worth is not known. The perception is their owners were taking money out rather than putting it in. But Pep Guardiolas trophies counts are way more than that of Mercer. Note: its called Etihad Stadium due to sponsorship reasons. [79] Citys manager Pep Guardiola, who has been carrying the responsibility to make the team win the Champions League, also condemned the decision. At its heart was the relationship between Joe Mercer and Malcolm Allison. [14] Under the new ownership, the club embarked on a complete transformation of the club by acquiring new players such as Carlos Tevez, Robinho, David Silva, Yaya Tour and Mario Balotelli, while improving training facilities. What Is The Net Worth Of The Owners Of Newcastle United? . With a complete squad, Manchester City would aim to get more arsenals in the form of players to strengthen their squad further. [41] Lee stepped down in 1998, with the club on the brink of relegation to the third tier of English football, a fate which Lee had dismissed at the previous annual general meeting by saying that he would "Jump off the Kippax" if the club was relegated. Here is the full list: what is the net worth of Manchester City? They defeated Bolton in the 1904 finals to lift the trophy. Early into his reign the Russian faced questions about his motivations for owning a club, but has rarely been subjected to such debates since. The Maintenance Road grounds was nicknamed the Wembley of the north. All time leading goal scorer for Manchester City is Sergio Aguero. Chelsea meanwhile are worth $3.2 billion as per Forbes, making them the seventh richest club in world football. The club found was found guilty of financial irregularities and had seventeen players suspended, including captain Billy Meredith. But there are also opportunities for the junior partners such as the Chinese partner to make a financial return on City in the long term. The group's annual net loss widened to 205m from 84m a season earlier. Forgot password? Pick your 2021 #UCL winners! On this weeks edition of TFP,Harry SymeouhostsGrizz Khan,Scott SaundersandHunter Godsonto preview the weekends Premier League action, including Man Utds trip to Anfield to face Liverpool. Man City owner vs PSG owner: Here's a look at PSG and Man City owners' net worth ahead of their clash in the Champions League semi-finals. In 2021 his net worth will be considered 25 billion USD. [citation needed], The dream of bringing back the glory era to City set out by Shinawatra just a year before now seemed unrealistic.[63]. Momentum gathered in the 1990s, in the form of a movement named Forward With Franny, backing former City player Francis Lee's attempt to gain control of the club. Hes won more trophies than former city coach Joe Mercer. Kenenisa Bekele Net worth, Family and Lifestyle, Eliud Kipchoge: Net worth, Family and Lifestyle. Having spent in approximately 320m on transfers[3] from the arrival of Sheikh Mansour in September 2008 to September 2010 it was reported that owner Sheikh Mansour had earmarked 500m for transfers regardless of any revenue during that two-year period. Sheikh Mansour bought the club in 2008 and has since transformed the club from being a mid-table team to a powerhouse. Outside of sports, Sheikh Mansour holds several positions in the United Arab Emirates. This is four more than that of Mercer. Meanwhile, Celebrity Net Worth estimates that Roman Abramovich's net worth to be around $18million. Phoenix 2021 Limited Investment: West Bromwich Albion (more information) Guochuan Lai (87.8%) Investment: League One. He has had a lifelong passion for sports which has shaped his business interests. And the net worth of the Al Nahyan family at $ 150 billion. Their biggest signing so far is Jack Grealish, who arrived from Aston Villa in the summer of 2021 for 100 million euros. Required fields are marked *. Its why the European Super League backlash against the ownership of Arsenal, Manchester United and Tottenham Hotspur was more severe compared to Chelsea and Manchester City. [35] Minority shareholder Peter Swales positioned himself as a unifying figure acceptable to both Joe Smith's faction and longstanding directors such as Eric Alexander and John Humphreys (who was also managing director of Umbro). This is staggeringly more than the Glazers and eclipses the net worth of City owner Sheikh Mansour 22.9 billion ( Talksport ). [8] Its main role signing transfer targets, whilst improving the club's infrastructure off the pitch.[8]. June 30, 2022; homes for sale in florence, al with acreage; licking county jail mugshots 1,455 585. The Cytizens have signed some of the best players in the world and also hired the best managers in Europe. Manchester United owner -$4.7 billion Khaldoon Al Mubarak has been Chairman since September 2008, when he took over from previous owner, Thaksin Shinawatra. (Photo by Martin Rickett/PA Images via Getty Images), A graph showing the increase in value since Sheikh, Mansour acquired Manchester City back in 2008, The Jack Walker statue outside the ground before, the Sky Bet Championship match at Ewood Park, Blackburn. 17:28, Wed, Oct 6, 2021 | UPDATED: 12:01, Thu, Oct 7 . The club posted a loss of 92.5 million for the fiscal year ending 31 May 2009, up from 32.5 million in May 2008. Man City and Chelsea fans fight in Porto violently ahead of UCL final, netizens shocked, Kevin De Bruyne injury news: Man City star nurses 3 injuries ahead of UCL final vs Chelsea, Manchester United transfer news: Jadon Sancho, Harry Kane on the cards among others, Barcelona president Laporta'spresser becomes much-talked-about; here are the main points. In 2022, Manchester City had a brand value of 1.42 billion U.S. dollars. Plus, they could secure speaking presentations. Hailing from the Eastern Chinese province of Zhejiang, Guangchang has. Disclaimer: The above information is sourced from various websites/ media reports. Forbes Middle East revealed that Al-Rumayyan earns an annual salary of $302,000 for his role as chairman of Saudi Aramco, ranked as the most valuable company in the world but estimates of his personal net worth vary wildly from $13m to $3bn. This means they are now the 6th most richest club in the world. Whether thats Liverpool-mad Steve Morgan buying Wolverhampton Wanderers or Queens Park Rangers fan Ken Bates acquiring Chelsea, having a longstanding connection to the club has never been a given. Premier League giants Manchester City are under the ownership of the Abu Dhabi-based Abu Dhabi United Group. Manchester City Football Club dates back to 1894, when Ardwick A.F.C. #UCL for ten years, and for Manchester City Council who own the stadium, Etihad will create a British hub for Etihad Airways at Manchester Airport creating further jobs[18] and helping to fuel the 600m Manchester Airport City project. The Belgian is on 20,800,000 annual salary at City. With an estimated net worth of $22 billion, Mansour oversees a lucrative business portfolio as head of Aabar Investments, which includes a 32% stake in Virgin Galactic and a 9.1% stake in Daimler. These include a premier league, fa cup and league cups. What did Real Madrid boss Carlo Ancelotti say in his Real Betis pre-match press conference? Oakes made 679 appearances for city. Instrumental in this new tactic was striker Don Revie. Mansour has also had a successful political career and currently serves as deputy prime minister of the United Arab Emirates, as well as minister of presidential affairs. For an overview of the club, see, Manchester City F.C. The players will be the best paid and we'll drink plenty of champagne, celebrate and sing until we're hoarse. The start of the 1970s saw a boardroom power struggle. [55] One of his first moves was to schedule a press conference to announce former England manager Sven-Gran Eriksson as his new manager. "Street Outlaws" star Kye Kelley revealed the finished product that is his new purpose-built "No Prep Kings" Chevrolet Camaro on Thursday evening, fresh out of the . [15] Furthermore the agreement of understanding gave the club permission to build and expand the new facilities it wishes to build. Yet, since a consortium headed by the Saudi Arabia Public Investment Fund (PIF) acquired Newcastle United in October 2021, any match against Manchester City, which was bought by the Abu Dhabi United Group in September 2008, has become wrapped up in a complex vortex of Middle Eastern politics. Bear. If you cant see this embed, clickhereto watch the video! Pick your 2021 #UCL winners! Currently he is in 4th place in-terms of players with more goals in the premier league alone. Foreigners who showed up intent on doing the same have been viewed with suspicion, which is odd because there were plenty of examples of British owners who bought clubs they were not connected to. The crown prince is part of the countrys royal family which is worth up to 1.1 trillion according to Business Insider. After the triumph, performances slumped. Next to him or second to him is Jack Grealish who currently sits on 15,600,000 annually. ownership and finances, Future Eastlands redevelopment Etihad Campus, Stadium expansion and lease renegotiation, City Football Group and Chinese investment, sportingintelligence.com - 22 August 2011, 1,450,000, a then British transfer fee record, "Sheikh Mansour bin Zayed Al Nahyan has a deep love of sport and deeper pockets", "Manchester City owners announce 265m deal with Chinese investors", "Revealed: Sheikh Mansour's 500m Manchester City cash injection", "Manchester City's massive transfer spending under budget - report", "Sheikh Mansour's blueprint for success at Manchester City could cost rivals dear", "Manchester City's PR disaster over Roberto Mancini has Garry Cook in a spin", "Real Madrid remains top of the Football Money League as Sterling's slide puts brakes on English clubs", "Manchester City announced financial results for year", "MCFC and Manchester City Council sign agreement on proposals for east Manchester", "City owners buy factory site for 17m in hush-hush deal", "Manchester City's grand plan for Eastlands and its surrounds", "City and Etihad announce 10 year partnership", "600m Airport City plan set for take off in Manchester", "Manchester City agree 1 billion stadium development deal", "Manchester City planning new 50million training HQ", "Manchester City stadium regeneration gets green light", "Manchester City give council an extra 1m", "Tailored By Umbro The Story of an English Sporting Brand", "Company Information: Manchester City plc", "Fans fear Keegan's reign may spell glory or bust", "Football: Manchester City hit lottery jackpot", "Manchester City plc - Share Subscription/Rights Issue", "Football: Bernstein quits as Keegan wins City fight", "Football: Wardle takes permanent post at Manchester City", "Offer for subscription to raise up to 2.5M and floatation on AIM", "Manchester City plc - Statement re Possible Offer", "Ranson's 'inadequate' bid leaves City cold", "Manchester City plc - Statement re Ray Ranson", "Manchester City try to reassure Mark Hughes over Thaksin Shinawatra's future", "Thaksin Shinawatra's crisis ends Manchester City's European dream", "Thaksin is ready to step down from City board", "Manchester City withdraw Thaksin Shinawatra's honorary presidency", "Major League Soccer announces New York expansion team: New York City Football Club", "Manchester City FC have plans for global brand domination", "Abu Dhabi accused of 'using Manchester City to launder image', "President Xi Jinping and Prime Minister David Cameron visit CFA", "European Super League: Premier League's 'big six' agree to join new league", "The owners of Manchester United and Man City have betrayed their supporters and should never be forgiven", "European Super League: 'It's not sport if success is guaranteed' says Man City boss Pep Guardiola", "European Super League: All six Premier League teams withdraw from competition", Manchester City financial annual report for 200910 season, https://en.wikipedia.org/w/index.php?title=Manchester_City_F.C._ownership_and_finances&oldid=1137412848, Articles with dead external links from January 2017, Articles with permanently dead external links, CS1 maint: bot: original URL status unknown, Articles with dead external links from August 2010, Articles with dead external links from September 2010, Short description is different from Wikidata, Articles with unsourced statements from July 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 February 2023, at 14:29. Meanwhile, Man City recorded a 2-1 win against Dortmund in the first leg of their UCL quarter-final but were then given a scare when Dortmund's Jude Bellingham levelled the tie in the 2nd leg. Mansour has spent over 1.5 billion euros on new signings since arriving at Manchester City. Theres one question everybody wants answered: How does Man City earn money? Since Sheikh Mansours company purchased Manchester City, the club has been a powerhouse in the football world. His son Eric took over as chairman, becoming the youngest chairman in the Football League, and Albert was given the title of President. [30], Smith and Cussons gained places on the board in 1971. Pep Guardiola trophies and records with Man City, Bayern, Barcelona. Manchester City (more information) Abu Dhabi United Group (81%) (state . Man City meanwhile are now worth a whopping $4billion according to Forbes, making them the sixth richest football club in the world. Heownsstakes in steel giant Evraz, Norilsk Nickel and Chelsea. According to Goal.com, Sheikh Mansour has a net worth of around 16.8 billion euros. PORTO, PORTUGAL - 28 MAY : A general view of an, inflatable Champions League Trophy on display in Liberdade Square, Porto and scarves bearing the names of the finalists ahead of the UEFA Champions League Final between Manchester City and Chelsea at Estadio do Dragao on May 28, 2021 in Porto, Portugal. League success soon followed with titles won in both the regular A-League season and the Grand Final including the Championship (2021), back to back Premierships (2020-21, 2021-22) and the Club . Career Newcastle and Man City owners net worth: Which club is richer? In March 2010, the club signed an initial agreement with Manchester City Council and the New East Manchester Agency to explore alternative leisure attraction proposals to replace the doomed Supercasino which was originally planned to be built next to Eastlands. After spending 6 seasons at the club, he departed. Since his investment, Manchester City have dominated the Premier League, winning five Premier League titles and a host of other domestic honours. 10. Maine road served as Manchester Citys home ground from 1923 to 2003. Net Worth Spot is not associated with YouTube. The sovereign wealth fund that holds a majority stake in Newcastle was valued at around 315bn by Sky Sports when the takeover was confirmed. However, City's form in the second half of the season was weak, as they finished 9th in the final table but finished with their highest ever Premier League points total and the season included double victories over rivals Manchester United. The club moved to the ultramodern stadium in 2003 after spending several decades at Maine Road. On 21 June, the Manchester City board accepted an 81.6 million offer for the club from Thaksin Shinawatra and advised the shareholders to accept the bid. Net Worth:$130 BillionAge:58Born:January 12, 1964Gender:MaleHeight:1.71 m (5 ft 7 in)Country of Origin:United States of AmericaSource of Wealth:Founder of AmazonLast Updated:August 2, 2022. How Much Are Manchester City Owners Worth? Why would a member of the Abu Dhabi royal family choose to sink his wealth into a team from a cold, wet city in Northern England? The new training complex will be based on A.C. Milan's Milanello training complex,[21] which is understood to be one of top training complexes in world football. How Much Are Manchester City Owners Worth? Manchester City as a club has a net worth of about $4.25B, thus according to Forbes. [68][69] As part of their new board, Doctor Al-Fahim's presumed position of Co-Chairman was conspicuously filled by Khaldoon Al Mubarak instead, with Al-Fahim's loose-tongued comments about buying an all-star team cited as the reason for his demotion, his comments having produced much negative media backlash and having gone against Al Nahyan's more long-term and rather more restrained plans for the club. As per Celebrity Net Worth, Sheikh Mansour's net worth is estimated to be a whopping $30 billion. As part of the takeover, Doctor Sulaiman Al-Fahim, a board member of the company and the man both leading the talks and mooted to be the new Chairman, promised a top four finish within three seasons, indicating that he would give a show of his intent by capturing at least one world class signing, naming such players as Robinho as in his sights, having made bids for all four on behalf of his new club. Although Manchester City have been around since 1880, its biggest success has come in the last decade. On 6 July, Thaksin finally acquired a 75% share in the club, enough to take full control of the club and delist it as full owner. [1] A 13.79% stake purchase of the club's parent company, (CFG), by the CITIC Group for 265million valued it at $3billion.[2]. [73] According to Human Rights Watch, ADUG's investment into Manchester City are intended to "construct a public relations image of a progressive, dynamic Gulf state, which deflects attention from what is really going on in the country."[74]. The idea of City as the trophy asset of a wealthy individualis gone, replaced by the theory that the club is PR tool for a nation with a questionable human rights record. Manchester City's English midfielder Raheem Sterling (L), Manchester City's English defender John Stones (2L), Manchester City's Belgian midfielder Kevin De Bruyne (2R) and Manchester City's English defender Kyle Walker pose with the Premier League trophy, Arsenal vs Bournemouth, live online: score, stats & updates | Premier League 22/23, Arsenal vs Bournemouth: times, how to watch on TV, stream online | Premier League, LAFC vs Portland Timbers: Time and how to watch on TV, stream online | MLS 2023, PSG defender Achraf Hakimi accused of rape, Womens World Cup: a brief history of the FIFA tournament. His sporting interests include his ownership of City Football Group, which comprises of Manchester City, Melbourne City FC, New York City FC, Mumbai City FC, among others; chairmanship of the Al Jazira sports company, which owns UAE Pro League ouftit, Al Jazira Club; and chairmanship of the Emirates horse racing authority. He also owns the City Football Group, which was founded in 2014. The club makes a yearly revenue or income of $766M and are amongst the most branded football club in the world. According to reports from Glusea, Nassel Al-Khalaifi's net worth is an estimated $8 billion. Both Ball and Lee stated later that Swales had left the club with catastrophic debts which had undermined their plans. 5. [59], On 5 June 2008, Mark Hughes was unveiled as Manchester City's new manager on a three-year contract. How much money does Nile Wilson have, What is DONGTW net worth, The Sporting Maniac net worth, how much money does Lavazza have, DaleCandela TV net worth, Is Sports Illustrated rich, TopVelocity.net net worth, James Charles age, Pabllo Vittar age, pick up limes. In addition to the thriving team of superstars and growing fanbase, they have arguably the best sporting infrastructure of any club in the world and pioneering a network of global sister clubs. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. However , as the club grew in fan base and popularity, they abandoned Maine Road and moved to the newly built City Of Manchester Stadium in 2003. [77] The deal made the two companies a combined 13% part-owner of CFG and therefore of Manchester City, giving in exchange a significant partnership allowing both City and CFG to expand into the Chinese market in a variety of directions. The Russian oligarch is a widely-known figure in Israel and Russia for his involvement in politics and business. The PIF will own 80%, whereas Staveley and Reuben will. Sheikh Mansour vs Roman Abramovich net worth: who is richer, Man City or Chelsea owner? He joined Manchester city in 1958 as an amateur and gradually progressed to become a starter. While this is just behind the net worth of 17 billion pounds that Manchester City owner Sheikh Mansour has, Bin Salman effectively has the riches of the Saudi Arabian royal family behind. Here are the 10 richest owners in the NBA. In the months following the takeover, Thaksin held the position of Honorary President, but was removed from the position in February 2009 after a Thai court convicted him for corruption. Over the past 10 years, City's net spend (total spent on players minus the total fees received for outgoing transfers) on players stands at $1.3bn (867.28m), the highest in the Premier League . As they attempted to branch out not only their investments but also their foreign brand appeal CFG turned to China in the latter half of 2015, first offering themselves as a host location for high-level business talks between the government leadership of the United Kingdom and the People's Republic of China[75] before agreeing a 265m[76] sale of shares to a consortium of Chinese state-backed investment firms China Media Capital and CITIC Capital. net worth of sheikh Mansour Manchester City, Your email address will not be published. Well, you cant talk about Premier League investors and fail to mention Manchester City owners. In terms of rankings, they are the 6th most richest club in the world. dissolved and were reformed as Manchester City Football Club Ltd. Over recent years, the ownership and finances of Manchester City Football Club have been tumultuous with various owners of contrasting fortunes much in line with their inconsistent trend on the pitch. Bernard Arnault, chairman of LVMH, is the richest person and the richest man in the world with a net worth of $186 billion. In 2005, Mansour married Manal bint Mohammed bin Rashid Al Maktou, daughter of Dubai ruler, Mohammed bin Rashid Al Maktoum. It was a sad departure for a chairman who loyally invested large sums of money into Manchester City in search of new success and greater parity with a resurgent Manchester United. "[38] The club floated on the OFEX exchange in 1995, valuing the club at 8 million.[40]. [53] The deal, however, was thrown into doubt when Thailand's Military Government froze 830 million of Shinawatra's assets after they investigated allegations of corruption made against him. (Photo by Marc Atkins/Getty Images), Manchester City owner Sheikh Mansour with chairman, Khaldoon Al Mubarak (left) during the Barclays Premier League match at the City of Manchester Stadium, Manchester. As a result, they have become one of the most successful clubs in the football world, which leads to the question of who owns Manchester City? Who is the owner of Manchester City? wichita state baseball roster 2021; front desk receptionist duties and responsibilities. The 10 Richest People in the World With a net worth of $304 billion, Elon Musk is the wealthiest in the world. Guo Guangchang, the chairman of the Fosun Group, is the 10th richest owner in world football with a networth of 5.2 billion. Each month, Man City' YouTube channel receives around 32.59 million views a month and around 1.09 million views each day. Our site's data predicts Man City's net worth to be about $7.82 million. Manchester City Owner Who is the owner of Manchester City? Net worth in billion U.S. dollars. Manchester City owner Sheikh Mansours motivations are always being discussed. [citation needed] His tenure at the club has been marked by improvement in facilities for supporters, players, and staff, but one marred by numerous gaffes. Elon Musk just became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations. [21] It is believed the new 50m million training facility will house all aspects of the playing staff as the youth academy will be moved from its current site in Platt Lane to join the new training complex.