The Lakers also enjoyed two legendary dynasties during the Buss family's ownership. The "Showtime" Lakers of the 1980s won five NBA titles and appeared in the Finals eight times. The early 2000s Lakers won three straight titles, the last team to do so in America's four major sports.

The Buss family's decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties in the entire sports world was run by an eccentric father and his sometimes squabbling children.

Mark Walter, the CEO and chairman of holding company TWG Global, is set to purchase a majority stake in the Los Angeles Lakers. What is Walter's net worth?