Grousbeck Family Net Worth, Career & Personal Life

Wyc Grousbeck, aged 63 as of 2025, is a prominent entrepreneur, investor, and philanthropist, best known as the longtime majority owner and governor of the NBA’s Boston Celtics. Grousbeck’s career bridges sports ownership, venture capital, and charitable leadership, with his business acumen helping shape some of the most successful ventures in the sports and media industries.

From Worcester Roots to Ivy League Champion

Born on June 13, 1961, in Worcester, Massachusetts, Wycliffe “Wyc” Grousbeck grew up in a family where entrepreneurship and a passion for sports were deeply rooted. His father, Irving Grousbeck, a successful entrepreneur and venture capitalist, frequently took Wyc and his siblings to Celtics and Red Sox games, nurturing a lifelong connection to Boston’s sports scene.

A driven student-athlete, Grousbeck attended Noble and Greenough School before heading to Princeton University. At Princeton, he was part of the historic 1983 lightweight crew team, which went undefeated and secured both Ivy League and national titles. He later earned a Juris Doctor from the University of Michigan in 1986 and capped off his education with an MBA from Stanford University in 1992.

Building a Business Empire: From Venture Capital to Celtics Glory

Grousbeck began his business career as a managing partner at Highland Capital Partners, a prominent venture capital firm. His seven-year tenure there laid the groundwork for his entry into sports ownership.

In 2002, alongside his father and through the formation of Boston Basketball Partners LLC, Grousbeck led the acquisition of the Boston Celtics for approximately $360 million. Under his leadership, the Celtics returned to prominence, capturing the franchise’s 17th NBA title in 2008. Their resurgence culminated in an 18th championship in 2024, solidifying the Celtics as one of the most successful teams in NBA history.

However, just weeks after hoisting the 2024 Larry O’Brien Trophy, Grousbeck and his partners announced plans to sell the Celtics. The valuation at the time was estimated at a staggering $5 billion, reflecting the team’s resurgence and the growing financial clout of NBA franchises.

Diversifying Investments: Causeway Media and Sports Tech Ventures

Beyond the hardwood, Grousbeck co-founded Causeway Media Partners in 2013, a growth equity firm managing over $300 million in assets. The firm focuses on sports and media ventures, with a portfolio that includes high-growth companies like Zwift, SeatGeek, and FloSports, all of which play significant roles in the evolving sports-tech ecosystem.

Additionally, Grousbeck’s leadership extended into healthcare. In 2010, he became chairman of Massachusetts Eye and Ear (MEE), a renowned clinical and research hospital focused on vision and hearing. He spearheaded a $250 million fundraising campaign, leading to MEE’s integration into the Mass General Brigham health care network, expanding its impact on blindness and deafness research.

Personal Life and Philanthropy Rooted in Family

While attending the University of Michigan, Grousbeck met his first wife, Corinne, whom he married in 1986. The couple had two children, Kelsey and Campbell, and eventually moved to California. Their son, Campbell, was born with Leber congenital amaurosis, a rare genetic eye disorder that causes blindness. This deeply personal experience prompted the family to relocate to Boston so Campbell could attend the Perkins School for the Blind.

Grousbeck’s dedication to charitable causes has been driven in large part by his son’s condition. He has been an active supporter of organizations focused on visual impairments and broader medical research.

After 28 years of marriage, Grousbeck and Corinne divorced in 2014. He later married Emilia Fazzalari, a successful businesswoman, in early 2017. Together, they co-founded Cincoro Tequila in 2019, alongside a group of fellow NBA owners, including Michael Jordan. Fazzalari now serves as CEO of the luxury tequila brand, which has grown into a notable name in the premium spirits market.

A Foray into Entertainment: “Extended Family” Sitcom

In 2023, Grousbeck took an unexpected detour into television, drawing from his personal life to inspire the NBC sitcom “Extended Family.” Collaborating with longtime friend and renowned TV producer Tom Werner, Grousbeck helped shape the show’s creative direction. The series, starring Jon Cryer, Donald Faison, and Abigail Spencer, focused on themes of blended families and co-parenting, echoing elements of Grousbeck’s life. Despite its promising start, the show aired for just one season, with 13 episodes before its cancellation in 2024.

Wyc Grousbeck’s Net Worth and Legacy

As of 2025, Wyc Grousbeck’s estimated net worth stands at $1 billion, driven primarily by his stake in the Celtics and successful investments via Causeway Media Partners and Cincoro Tequila. With Boston Basketball Partners poised to sell the Celtics for upwards of $5 billion, Grousbeck’s wealth is expected to grow substantially.

Beyond the balance sheets, Grousbeck’s career has been defined by his passion for sports, dedication to innovation, and commitment to philanthropic causes. Whether courtside at TD Garden, guiding sports-tech investments, or advancing medical research, Grousbeck continues to leave an indelible mark on every venture he touches.