John Henry's net worth falls £380 million

John W. Henry, the owner of Liverpool Football Club, has recently seen a significant decrease in his net worth. His net worth dropped by £380 million, now standing at $5.5 billion (£4.26 billion). This decline marks a fall in the rankings on the Forbes rich list, where he is currently placed 621st. Henry has been the owner of Liverpool since October 2010 when he bought the club for £330 million. He is also the head of Fenway Sports Group (FSG), which owns other major teams, including the Boston Red Sox and the Pittsburgh Penguins. In the past year, FSG has expanded its investments in various sports, including NASCAR and golf. Despite the recent decline, Henry's net worth is still much higher than it was in 2015, when it was around $1.6 billion (£1.24 billion). Last year, FSG made a significant investment in the PGA Tour, spending $3 billion (£2.32 billion) to acquire a stake. Henry's portfolio is not limited to sports. He also bought the Boston Globe newspaper in 2017, which has contributed to his wealth. Overall, he continues to be a major figure in the sports and business worlds.