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Billionaire chairman of Toronto Maple Leafs and Raptors just keeps getting richer

If you're looking to get into a thriving business venture in Toronto, there are few better bets than the Toronto Raptors and Maple Leafs.For longtime MLSE chairman Larry Tanenbaum, it looks like the past year has been quite profitable for him.Owning 20 per cent of both franchises (as well as Toronto FC, the Toronto Argonauts, and three minor-league teams) through his company Kilmer Sports, Tanenbaum found himself increasing his net worth by about 12 per cent over the past year.Tanenbaum moved up 25 spots on the Forbes' list of Billionaires for 2025, going from #1330 to #1305. His net worth increased US$300 million from US$2.5 billion to US$2.8 billion, or about C$3.57 billion to C$4 billion.The Argonauts are coming off of a season where they won the 2024 Grey Cup, but the organization's other teams haven't been quite as successful in recent years.The Raptors have missed the playoffs three years in a row, Toronto FC have missed them four years in a row, and while the Maple Leafs have...


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