Stan Kasten net worth is an American sports business executive who served as President of both the Atlanta Braves and Washington Nationals before taking his current post as President/Part Owner of Los Angeles Dodgers. Additionally, he held positions with NBA’s Atlanta Hawks as General Manager as well as President/Part Ownership for Thrashers hockey club in Atlanta.
Early Life and Education
Stan Kasten has long been an icon in Atlanta professional sports. After becoming the youngest general manager in NBA history at age 27, with the Hawks, in 1979 at age 27 at just 27 years old – at which point he later went on to serve as team president, shaping the franchise into one of its finest through four consecutive 50-win seasons and seven playoff appearances in the 90s.
He also served as president and chairman of Philips Arena. Today he serves as both president and part-owner of the Los Angeles Dodgers.
Even with his busy schedule, Kasten remains grounded and puts family first. He and Helen reside in Sandy Springs with their children and often vacation at their vacation home on Hilton Head Island in South Carolina.
Kasten has served as president for three professional sports teams: Major League Baseball’s Atlanta Braves and Washington Nationals; NBA Atlanta Hawks/NHL Atlanta Thrashers in both leagues.
Unannounced appearances by Mr. Stein at CNN Center, Philips Arena and Turner Field often prompt delayed double takes from spectators as they realize he contributed to their entertainment just moments ago. Furthermore, Mr. Stein serves on multiple NBA and MLB ownership committees.
Kasten hails from New Jersey and was raised within an Orthodox Jewish household. After graduating from both New York University and Columbia Law School, he first entered professional sports management when the Hawks hired him as the youngest general manager ever hired in 1979.
Achievement and Honors
Kasten became an integral figure in Atlanta professional sports for decades due to his relationship with Ted Turner. At 27 years old in 1979, he became the youngest general manager ever in NBA history for Turner’s Atlanta Hawks team; serving until 1990 before taking on additional responsibilities including president for both of Turner’s teams — The Hawks and Thrashers.
Kasten joined a bid team led by Magic Johnson and Peter Guber in January 2012 to purchase the Los Angeles Dodgers from Frank McCourt for an unprecedented $2 billion purchase price. Kasten became team president shortly thereafter, helping turn them into contenders on both the field and at ticket booths alike; thus earning recognition by the LA Sports Council as 2013 Sports Executive of the Year.
Kasten was the only sports executive ever to simultaneously serve as president of teams from each major U.S. sports league – National Basketball Association’s Atlanta Hawks and Braves; Major League Baseball’s Atlanta Braves; and NHL’s Atlanta Thrashers – during his 30+-year career. He helped turn around both franchises’ fortunes – garnering back-to-back NBA Executive of the Year awards both 1986 & 1987 as Atlanta became an established playoff contender.
His unannounced appearances at Turner Field, Philips Arena and CNN Center often cause delayed double takes from spectators who don’t realize that part of their entertainment could just pass them by without notice to grab a quick bite. In January 2012, Kasten joined Magic Johnson, Peter Guber and Guggenheim Baseball Management in bidding to purchase ownership of the Los Angeles Dodgers; ultimately buying them outright for $2.15 billion.
Stan Kasten, son of Holocaust survivors, attended Orthodox schools as a child before attending Yeshiva University High School for Boys before enrolling at Columbia Law School and now serving as president and part-owner of the Los Angeles Dodgers.
Robert began his sports career under Ted Turner, serving as General Manager of both the Atlanta Hawks (NBA) and Thrashers (NHL), at 27 becoming one of the youngest General Managers ever seen in NBA history before going on to serve three MLB franchises simultaneously (Braves, Hawks and Nationals).
Kasten joined Magic Johnson, Peter Guber and Mark Walter’s Guggenheim Baseball Management LLC group in bidding on the LA Dodgers from Frank McCourt. Winning their auction that April for an astounding record-setting $2.1 billion bid, Kasten is now serving as president and chief executive officer for this historic franchise.