NBA Team Values (Forbes), 2015 to 2025
Forbes valued the Warriors at $11 billion in 2025, the NBA's most valuable team and up from $1.3 billion in 2015. The Lakers are next at $10 billion.
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What the data shows
- In 2025, Golden State Warriors ranks #1 with $11.00B, ahead of Los Angeles Lakers ($10.00B) and New York Knicks ($9.75B).
- Back in 2015, Los Angeles Lakers was #1 with $2.60B.
- The top spot changed hands twice: New York Knicks in 2016 and Golden State Warriors in 2022.
- Biggest climber: Golden State Warriors, from #7 in 2015 to #1 in 2025.
- Golden State Warriors grew 8.5× between 2015 and 2025.
About this chart
The Golden State Warriors top Forbes' 2025 list at $11 billion, after rising from $1.3 billion in 2015 to $7.7 billion in 2023. The Lakers are second at $10 billion and the Knicks third at $9.75 billion, with the Clippers fourth at $7.5 billion. Forbes put the average for all 30 franchises at $5.4 billion in 2025.
The Knicks went from $2.5 billion in 2015 to $6.6 billion in 2023 and then $9.75 billion. In 2023 the Warriors led the Knicks and the Lakers ($6.4 billion). Forbes values are estimates, not sale prices, published once or twice a year, and one edition per year is shown here. No 2024 list could be retrieved, so that year is blank and the chart interpolates across it. The 2025 figures come from Forbes' October 2025 list.
The data
Source: Forbes annual NBA team valuations: 2014-2023 from Forbes' NBA valuations list and Golden State Warriors team page (10-year valueList, via Internet Archive snapshots); 2025 from Forbes Oct 2025 list as tabulated on Wikipedia. Retrieved November 4, 2026. Forbes publishes valuations once or twice a year (Jan/Feb through 2021, October since 2021). One edition per year is shown; the February 2021 edition is omitted in favour of October 2021 (e.g. Knicks $5.0B in Feb 2021, $5.8B in Oct 2021). 2024 is blank: no 2024 list could be retrieved, so the chart interpolates across it. 2025 = Forbes list of Oct 23, 2025 (Wikipedia page dated Jan 8, 2026). A 2026 list was not found as of 2026-11-04. Top 13 teams of 2025 shown.
| Date | Golden State Warriors | Los Angeles Lakers | New York Knicks | Los Angeles Clippers | Boston Celtics | Chicago Bulls | Houston Rockets | Miami Heat | Brooklyn Nets | Philadelphia 76ers | Phoenix Suns | Toronto Raptors | Dallas Mavericks |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 | $1.30B | $2.60B | $2.50B | $1.60B | $1.70B | $2.00B | $1.25B | $1.18B | $1.50B | $0.70B | $0.91B | $0.92B | $1.15B |
| 2016 | $1.90B | $2.70B | $3.00B | $2.00B | $2.10B | $2.30B | $1.50B | $1.30B | $1.70B | $0.70B | $1.00B | $0.98B | $1.40B |
| 2017 | $2.60B | $3.00B | $3.30B | $2.00B | $2.20B | $2.50B | $1.65B | $1.35B | $1.80B | $0.80B | $1.10B | $1.13B | $1.45B |
| 2018 | $3.10B | $3.30B | $3.60B | $2.15B | $2.50B | $2.60B | $2.20B | $1.70B | $2.30B | $1.18B | $1.28B | $1.40B | $1.90B |
| 2019 | $3.50B | $3.70B | $4.00B | $2.20B | $2.80B | $2.90B | $2.30B | $1.75B | $2.35B | $1.65B | $1.50B | $1.68B | $2.25B |
| 2020 | $4.30B | $4.40B | $4.60B | $2.60B | $3.10B | $3.20B | $2.48B | $1.95B | $2.50B | $2.00B | $1.63B | $2.10B | $2.40B |
| 2021 | $5.60B | $5.50B | $5.80B | $3.30B | $3.55B | $3.65B | $2.75B | $2.30B | $3.20B | $2.45B | $1.80B | $2.48B | $2.70B |
| 2022 | $7.00B | $5.90B | $6.10B | $3.90B | $4.00B | $4.10B | $3.20B | $3.00B | $3.50B | $3.15B | $2.70B | $3.10B | $3.30B |
| 2023 | $7.70B | $6.40B | $6.60B | $4.65B | $4.70B | $4.60B | $4.40B | $3.90B | $3.85B | $4.30B | $4.00B | $4.10B | $4.50B |
| 2025 | $11.00B | $10.00B | $9.75B | $7.50B | $6.70B | $6.00B | $5.90B | $5.70B | $5.60B | $5.45B | $5.43B | $5.40B | $5.10B |
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Frequently asked questions
What is the most valuable NBA team?
The Golden State Warriors are the most valuable NBA team, at $11 billion in Forbes' October 2025 list. The Lakers are second at $10 billion and the Knicks third at $9.75 billion.
How much is the average NBA team worth?
Forbes put the average value of all 30 NBA franchises at $5.4 billion in 2025. The Warriors at $11 billion were more than double that average.
How fast has the Warriors' value grown?
Forbes valued the Warriors at $1.3 billion in 2015, $7.7 billion in 2023 and $11 billion in 2025. Those are nominal dollars, and the figures are Forbes estimates rather than prices from a sale.
Where does this data come from?
Forbes annual NBA team valuations: 2014-2023 from Forbes' NBA valuations list and Golden State Warriors team page (10-year valueList, via Internet Archive snapshots); 2025 from Forbes Oct 2025 list as tabulated on Wikipedia. Retrieved November 4, 2026. Forbes publishes valuations once or twice a year (Jan/Feb through 2021, October since 2021). One edition per year is shown; the February 2021 edition is omitted in favour of October 2021 (e.g. Knicks $5.0B in Feb 2021, $5.8B in Oct 2021). 2024 is blank: no 2024 list could be retrieved, so the chart interpolates across it. 2025 = Forbes list of Oct 23, 2025 (Wikipedia page dated Jan 8, 2026). A 2026 list was not found as of 2026-11-04. Top 13 teams of 2025 shown. You can download the full table as a CSV from this page.
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