Report: Chinese billionaire buys Dolphins stake at $12.5B valuation
Published on March 3, 2026.
Chinese-American tech billionaire, Lin Bin, has purchased a small stake in the Miami Dolphins at a record-breaking $12.5 billion. The transaction will take place in the holding company that owns the Dolphins, Hard Rock Stadium, Formula 1's Miami Grand Prix, and part of the Miami Open tennis tournament. The previous highest valuation for a minority transaction was $10 billion. Bin, who is also the co-founder and vice chairman of Xiaomi, is set to receive approval from league owners at their annual meeting in late March.
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