Walter was part of David Geffen's bid to buy the Los Angeles Clippers in 2014, when the team went for sale after former owner Donald Sterling was banned by the NBA for racist remarks. However, the team eventually went to Steve Balmer, who acquired the Clippers for $2 billion.

The Los Angeles Lakers are set to have a new majority owner, Mark Walter. Here's a look at how he made his fortune.

The search for a starting center for the Los Angeles Lakers has started. It’s one of the team’s main concerns from last year, after their attempt to add Mark Williams via trade didn’t work out.