Joe Lacob is a successful businessman who brought his love of basketball to a commercial level by starting his own team. The business mogul owns the majority of the Golden State Warriors of the National Basketball Association (NBA). Lacob has been active in sports for several years and lives out his passion from his childhood.
In addition to his sports business, he is a partner at Kleiner Perkins Caufield & Byers and has also been heavily involved in the health sector. The Lacob success story is a story that every aspiring entrepreneur should hear. Here are some lesser-known facts about the business tycoon.
Joe Lacob – Biography
He was born in New Bedford Massachusetts on January 10, 1956, the son of his parents, his father Sidney, and his mother Marlene. He grew up in a bourgeois Jewish family where he was instilled with the values of Jewish tradition. As an adolescent, Lacob was an ardent lover of basketball and was a supporter of the Boston Celtics, his favorite team, the NBA. Joe and his whole family moved to Anaheim, California soon after, and he supported the Los Angeles Lakers and the Los Angeles Angels of Anaheim.
After settling in California, he continued his education in the big city. After high school, he attended the University of California Irvine, where he earned a degree in life sciences. He then went to the University of California Los Angeles (ULCA), where he earned a master’s degree in public health. Lacob is also a graduate of the Standford Graduate School of Business.
At the Business School, his hidden passion for business and entrepreneurship began to be reflected. He began his career at Cetus Corporation, a biotechnology company, where he held a senior management position. He then worked as a senior executive for other companies such as Booz, Allen & Hamilton, and FHP International, a healthcare organization.
In 1987, Lacob became a partner at Kleiner Perkins Caufield & Byers (KPBC), where he gradually learned the investment business. The business icon still works with the company and has managed the company’s investments in over 50 life science companies. He joined Corixa in 1994 as a director and also served as a director at TherOx, Inc. Lacob has also served on the advisory boards of companies such as Orexigen Therapeutics, Inc. and Celladon Corporation.
Despite his apparent connection to health care companies, Joe’s undying love of basketball has always been at the forefront. Early in his sporting career, he was an investor in the American Basketball League, which was abandoned after the formation of the rival Women’s National Basketball Association WNBA. He was a partner in the Celtics before he and a group of investors bought the Golden State Warriors in July 2010.
The Warriors were acquired for a whopping $450 million by Chris Cohan. The acquisition of the team by Lacob ended the dry spell in the NBA championships that had lasted since 1975, as the Warriors won two championships in seven seasons. The Warriors swim with a value of over 2 billion dollars.
Personal Life – Wife, Girlfriend, Son, Daughter
Joe Lacob is not only about sport and its components, he is also a lover and father. The business mogul was previously married to Laurie Kraus. With his ex-wife, he has four children; two sons, Kirk and Kent, and two daughters, Kelly and Kayci. Kirk also works as an Assistant GM with the Golden State Warriors.
After the couple divorced, Lacob began a relationship with Nicole Curran. Curran happens to be on the board of the Warriors Community Foundation. One always remembers her significant role in donating over $6 million to the community. She is also interested in wine brewing.
The couple has been together for so many years. Curran was with the Warriors owner even when he bought the prestigious NBA team. Neither Lacob nor Curran is discreet about their relationship. She is always seen with him at games and in various other public places.
Is He Gay?
Joe Lacob caused speculation about his sexuality in 2011 when he hired an openly gay man as an executive at the Golden State Warriors. That must have been a noble move, especially for the LGBT community, but it also brought him some hints about his sexuality. From his relationships, however, it is quite blatant that the Warriors owner is heterosexual.