Wyc Grousbeck: A Closer Look At The Man Behind The Celtics

How Much is Wyc Grousbeck Worth?

Wyc Grousbeck is no ordinary businessman—he's an entrepreneur and venture capitalist with a net worth of $300 million. But here’s the real kicker: his fame skyrocketed when he became one of the owners of the Boston Celtics, the storied NBA franchise. Back in 2002, Wyc, his father, and a group of investors purchased the team for $360 million through Boston Basketball Partners LLC. Fast forward to June 2024, just weeks after the Celtics clinched the NBA Championship, Grousbeck announced he was putting the team on the market. At that point, the estimated value of the franchise was around $5 billion. Then, in March 2025, the team sold for a staggering $6.1 billion. It’s worth noting that Wyc's father owned the majority of the team, while Wyc's share was described as "relatively small," possibly as little as 2%. If that’s accurate, Wyc still walked away with a cool $122 million from the sale.

But Grousbeck’s ventures extend far beyond basketball. He co-founded Causeway Media Partners, a growth equity partnership that has invested in some of the biggest names in sports media, including Zwift, SeatGeek, and FloSports. And if that wasn’t enough, Grousbeck also served as the chairman of Massachusetts Eye and Ear, a research and clinical hospital focused on blindness and deafness. Talk about diversifying your portfolio!

Early Days and Education

Wycliffe Grousbeck was born on June 13, 1961, in Worcester, Massachusetts, to Sukey and entrepreneur Irving Grousbeck. Growing up, Wyc and his siblings were regulars at Boston Celtics and Red Sox games, thanks to their dad. This early exposure to sports sparked a lifelong passion. Grousbeck attended the Noble and Greenough School in Dedham, Massachusetts, before heading to Princeton University. At Princeton, he wasn’t just hitting the books—he was rowing on the undefeated 1983 lightweight crew team that won both the Ivy League and national rowing championships. After earning his Bachelor of Arts degree in history, Grousbeck headed to law school at the University of Michigan, where he earned his Juris Doctor in 1986. But he wasn’t done learning yet. He later obtained his Master of Business Administration degree from Stanford University in 1992. That’s a lot of education, but it clearly paid off.

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Building an Empire: Grousbeck's Business Career

Grousbeck’s business journey began at Highland Capital Partners, a venture capital firm where he served as a managing partner for seven years. But things really took off in 2002 when he co-founded the private investment group Boston Basketball Partners with his father. Their goal? To purchase the Boston Celtics, an NBA powerhouse. They succeeded, buying the team for around $360 million. Grousbeck became the majority owner and governor of the Celtics, alongside other prominent owners like Stephen Pagliuca, Robert Epstein, and David Bonderman. Under his leadership, the Celtics won their 17th NBA championship in 2008 and their 18th in 2024. In the summer of 2024, Boston Basketball Partners announced plans to sell the franchise, proving that even the best things have their time.

Grousbeck’s influence extends beyond the basketball court. In 2010, he became the chairman of Massachusetts Eye and Ear, a hospital specializing in blindness and deafness research. He led a major capital campaign that raised $250 million, helping MEE join the Mass General Brigham health care system. On the entrepreneurial side, Grousbeck co-founded Causeway Media Partners in 2013, a firm managing over $300 million in assets. The company has invested in sports media giants like Zwift, FloSports, and SeatGeek, proving that Grousbeck has a knack for spotting the next big thing.

Life Beyond Business: Grousbeck's Personal Side

While attending law school at the University of Michigan, Grousbeck met Corinne, a fellow student who would become his wife in 1986. Together, they had a daughter named Kelsey and a son named Campbell. The family lived in California until Campbell was born with a rare genetic eye disease that caused blindness. To ensure Campbell received the best care, the family moved to the Boston area so he could attend the renowned Perkins School for the Blind. This personal experience fueled Grousbeck’s commitment to charitable work, particularly in helping those with eye diseases.

After 28 years of marriage, Grousbeck and Corinne divorced in 2014. He soon found love again with businesswoman Emilia Fazzalari, whom he married in early 2017. Together, they launched Cincoro Tequila in 2019, with Fazzalari serving as the company’s CEO. It’s clear that Grousbeck’s personal life is as dynamic as his professional one.

An Unlikely TV Star: Grousbeck and "Extended Family"

Believe it or not, Grousbeck thought his family life could make for a great TV sitcom. In 2023, he pitched the idea to his friend Tom Werner, a well-known television producer. The result was NBC’s “Extended Family,” starring Jon Cryer, Donald Faison, Abigail Spencer, Sofia Capanna, and Finn Sweeney. Grousbeck, his wife Emilia Fazzalari, and her ex-husband George Geyer were all involved in the show’s casting, scripts, set design, and costumes. Unfortunately, the show only lasted 13 episodes before it was canceled in the spring of 2024. But hey, you can’t win them all, right?