The Baltimore Orioles are owned by David Rubenstein, a Baltimore native and co founder of the private equity firm Carlyle Group.
Rubenstein’s group agreed to buy the team from the Angelos family in January 2024 for about 1.725 billion dollars.
The Angelos family, led by the late Peter Angelos, had controlled the Orioles since 1993.
Rubenstein’s ownership group later bought out the remaining minority shares, completing full control by August 2024.
Notable co investors in the group include former Orioles great Cal Ripken Jr., NBA Hall of Famer Grant Hill, and financier Michael Bloomberg.
As of 2026, Forbes values the franchise at 2.1 billion dollars, an 11 percent increase from the year before.
A hometown billionaire, a legendary shortstop, and a media mogul all own a piece of this team together, so here is exactly how that ownership group came together.
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Baltimore Orioles Ownership At A Glance
| Team | Baltimore Orioles |
| Current Owner | David Rubenstein, Controlling Owner |
| Previous Owner | Angelos Family, 1993 to 2024 |
| Purchase Price | 1.725 billion dollars, agreed in January 2024 |
| 2026 Valuation | 2.1 billion dollars, per Forbes |
| Founded | 1901, as one of the American League’s charter teams |
| League | MLB, American League East |
| Home Stadium | Oriole Park at Camden Yards, Baltimore, Maryland |
| World Series Titles | 3 total, most recently in 1983 |
| Notable Co Investors | Cal Ripken Jr., Grant Hill, Michael Bloomberg |
The Rubenstein Ownership Group
Rubenstein assembled one of baseball’s largest and most star studded ownership groups, with more than 20 investors joining the deal.
Co Owner and Investor
Orioles Legend and Investor
Including Grant Hill and Michael Bloomberg
Baltimore Orioles Ownership History
The Orioles franchise dates back to the earliest days of the American League, though the club moved cities before settling in Baltimore.
Ownership has only changed hands a handful of times over the past century, according to Wikipedia.
The club joins the American League in its first season as a major league.
The former St. Louis Browns relocate and are renamed the Baltimore Orioles.
The Orioles win their third World Series championship.
Attorney Peter Angelos leads a group that buys the Orioles for 173 million dollars.
David Rubenstein’s group agrees to buy the Orioles for 1.725 billion dollars.
Forbes values the Orioles at 2.1 billion dollars, up 11 percent year over year.
How Much Did David Rubenstein Pay For The Orioles In 2024
The Angelos family agreed to sell control of the Orioles to David Rubenstein’s group in January 2024.
The deal valued the franchise at approximately 1.725 billion dollars, one of the largest sales in MLB history at the time.
Rubenstein’s group initially purchased a 40 percent stake, then completed the buyout of the remaining shares by August 2024 for full control.
Peter Angelos, who died in 2021, had led the prior ownership group since paying about 173 million dollars for the team in 1993.
According to MLB.com’s coverage of the deal closing, the sale brought a wave of star investors into Orioles ownership.
Is David Rubenstein A Good Owner: Is Orioles Ownership Really Worth It
It is still early, but early signs from Rubenstein’s ownership have been largely positive with fans.
As a Baltimore native, Rubenstein has emphasized community ties and long term investment in the franchise rather than treating it as a distant financial asset.
The team’s young core, built up in the final years of Angelos ownership, gave Rubenstein a strong roster foundation from day one.
Some fans have raised questions about payroll decisions at the trade deadline, wanting to see the new owner match the team’s on field promise with spending.
So is Rubenstein ownership worth it? So far, most fans view the change from Angelos as a clear upgrade, though the true test will come over several more seasons.
How Much Are The Baltimore Orioles Worth In 2026
Forbes valued the Orioles at 2.1 billion dollars in its March 2026 rankings.
The team generated roughly 355 million dollars in 2025 revenue, with operating income of about 23 million dollars.
The value climbed 11 percent over the past year, meaning Rubenstein’s group has already seen significant appreciation since the 2024 purchase.
Some analysts have suggested Rubenstein got a comparatively strong deal, given how quickly the franchise value has climbed since the sale closed.
What Is David Rubenstein’s Net Worth In 2026
David Rubenstein’s fortune comes primarily from Carlyle Group, the private equity firm he co founded in 1987.
Forbes has listed him among the wealthiest people in finance, with a net worth in the billions independent of his Orioles stake.
Rubenstein is also known as a major philanthropist, having donated extensively to historical preservation and educational causes.
His Orioles investment adds to a broader portfolio that spans private equity, real estate, and charitable foundations.
Camden Yards And A New Era For The Orioles
The Orioles have played at Oriole Park at Camden Yards since 1992, a ballpark widely credited with starting baseball’s retro stadium trend.
Rubenstein’s group has signaled interest in further stadium improvements and community partnerships around the ballpark.
Baltimore is also home to other major companies, including the makers of Under Armour, another homegrown Baltimore success story.
Are The Baltimore Orioles For Sale In 2026
No, the Orioles are not for sale. David Rubenstein’s group only recently completed its purchase and remains firmly in control.
The ownership group finalized full control in August 2024, and there is no indication of any plans to sell in 2026.
Questions about sports team ownership come up across every league, including our breakdown of who owns FIFA.
Frequently Asked Questions About Baltimore Orioles Ownership
Who Is The Owner Of The Baltimore Orioles
The Baltimore Orioles are owned by David Rubenstein, who leads an investor group that bought the team from the Angelos family in 2024.
Who Is David Rubenstein
David Rubenstein is a Baltimore native, co founder of the Carlyle Group, and the controlling owner of the Baltimore Orioles since 2024.
How Much Did David Rubenstein Pay For The Orioles
Rubenstein’s group agreed to buy the Orioles for approximately 1.725 billion dollars, with the deal announced in January 2024.
Are The Baltimore Orioles For Sale In 2026
No. The Orioles are owned by David Rubenstein’s investor group, which only completed its purchase in 2024, with no plans to sell.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.