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Four MLB Teams Top $4 Billion in Latest Forbes Valuations

With Opening Day just a week away, Forbes has released its annual valuations of all 30 MLB franchises. And the teams at the top are the ones you’d likely expect—though the big gap that exists between Nos. 1 and 2 might be surprising.

The Yankees once again are the league’s most valuable franchise, with a valuation of a staggering $7.1 billion. They’re not the only club thriving in the modern MLB landscape: the average valuation across franchises is $2.32 billion, up 12% from a year ago, per Forbes. And the league’s 2022 revenue climbed to a record $10.3 billion, representing a 7.8% increase from the previous season.

Since Forbes first began publishing its list of MLB franchise valuations in 1998, the Yankees have assumed the top spot each year. Check out the full rankings below.

  1. Yankees — $7.1 billion
  2. Dodgers — $4.8 billion
  3. Red Sox — $4.5 billion
  4. Cubs — $4.1 billion
  5. Giants — $3.7 billion
  6. Mets — $2.9 billion
  7. Angels — $2.7 billion
  8. Braves — $2.6 billion
  9. Phillies — $2.575 billion
  10. Cardinals — $2.55 billion
  11. Astros — $2.25 billion
  12. Rangers — $2.225 billion
  13. Mariners — $2.2 billion
  14. Blue Jays — $2.1 billion
  15. White Sox — $2.05 billion
  16. Nationals — $2 billion
  17. Padres — $1.75 billion
  18. Orioles — $1.7 billion
  19. Brewers — $1.6 billion
  20. Rockies — $1.475 billion
  21. Tigers — $1.45 billion
  22. Twins — $1.39 billion
  23. Diamondbacks — $1.38 billion
  24. Pirates — $1.32 billion
  25. Guardians — $1.3 billion
  26. Rays — $1.25 billion
  27. Royals — $1.2 billion
  28. Reds — $1.19 billion
  29. Athletics — $1.18 billion
  30. Marlins — $1 billion