Larry Tanenbaum Net Worth

Larry Tanenbaum has an estimated net worth of $2.8 billion, according to Forbes Real-Time Billionaires, Larry Tanenbaum profile (figures as of October 20, 2026). That is up from $2 billion in 2023.

Larry Tanenbaum is a Canadian businessman best known for Maple Leaf Sports & Entertainment. He is chairman of MLSE, the company behind the Toronto Raptors, Toronto Maple Leafs, and Toronto FC. He became a major figure in Toronto sports after years of building stakes in teams and venues. He graduated from Cornell University in 1968 with a degree in economics and later expanded his business reach through Kilmer, his investment group.

His wealth comes from sports ownership and a wider portfolio of private businesses. Kilmer Van Nostrand operates in areas such as infrastructure, electronics, publishing, food processing, and gaming. He also became a co-owner of Coca-Cola Canada Bottling in 2018. In sports, he helped shape key deals that brought teams and arenas together under MLSE. That mix of team ownership, operating companies, and newer investments made him one of Canada’s notable sports business figures.

How Larry Tanenbaum built his fortune

A big part of Tanenbaum’s fortune is tied to sports. He has a stake in MLSE through Kilmer Sports Inc., and MLSE owns the Toronto Raptors, Toronto Maple Leafs, and Toronto FC. His long run in the business included an unsuccessful push to bring an NBA team to Toronto in 1991, then a 1996 investment in the Maple Leafs and arena, followed by the 1998 deal that joined the Raptors and Air Canada Centre with the Leafs under MLSE.

His money also comes from businesses outside sports. Kilmer Van Nostrand works across infrastructure, electronics, publishing, food processing, gaming, and other industries. The Tanenbaum family acquired that business in the 1950s. He also became a co-owner of Coca-Cola Canada Bottling in 2018, adding a major drinks business to his portfolio. More recently, Kilmer Sports Ventures won a Toronto WNBA expansion team in 2024 and acquired AS Saint-Étienne in France that same year.

Forbes net worth and recent moves

Forbes estimated Tanenbaum’s net worth at $2 billion in 2023, then $2.5 billion in 2024, and $2.8 billion in 2025. Forbes also had him at $2.8 billion on its real-time billionaires tracker as of October 20, 2026. Forbes places him in sports, which fits the central role of MLSE in his business profile, while his private holdings add another layer to how his wealth is spread across different industries.

Recent deals show where his money story has been heading. In 2023, Tanenbaum and OMERS said OMERS would buy 20% of Kilmer Sports for US$400 million, giving it an indirect 5% interest in MLSE, while Tanenbaum stayed in his management role. In 2024, Kilmer Sports Ventures paid a US$50 million expansion fee for Toronto’s WNBA franchise. Those moves added new sports assets around an already large position in Canadian team ownership.