JOE and GAVIN MALOOF, pro sports team and casino ownersThe owners of Maloof Sports and Entertainment, parent company of the Sacramento Kings and Monarchs pro basketball teams, are part of a family empire encompassing a multitude of business interests, including the Palms Casino Resort in Las Vegas, a beer distributorship in New Mexico, a music label, a movie and television production company, and the Maloof Money Cup, an Orange County event billed as the worlds greatest skateboarding competition. (The Maloof Companies also is one of the largest single shareholders in Wells Fargo Bank.) Locally, these brothers influence makes a huge imprint: With more than 1,200 full- and part-time workers, Maloof Sports and Entertainment is one of the 25 largest employers in the area and has donated more than $13 million toward community causes. Just as significant, the Maloofs Kings, rising to unparalleled heights and reaching the NBA playoffs from 1999 to 2006, have spread Sacramentos name all around the globe.
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