The IPL has become one of the most popular sports championships in the country. Since its launch in 2008, the tournament has made the entire country a cricket fan.

The players and the owners of the respective teams have earned millions in the past 13 years. The show has not only benefited the players but has also become a very sort-after market for investors to multiply their investments.

The franchises have earned well with the various sponsorships and endorsements they have received over the years. The players are paid by their respective teams.

As per Forbes’s recent report, IPL’s growth rate has been 10% for NFL team values (to $3.48 billion) and 16% for NBA team values (to $2.48 billion).

And the IPL’s most valuable franchise, the $1.3 billion Mumbai Indians, is now worth more than six MLB teams, 27 NHL teams, and every MLS team.

1. Mumbai Indians

Value: $1.3 billion
Revenue: $33 million
Operating Income: $5.5 million

2. Chennai Super Kings

Value: $1.15 billion
Revenue: $41.2 million
Operating Income: $14.8 million

3. Kolkata Knight Riders

Value: $1.1 billion
Revenue: $41.2 million
Operating Income: $14.1 million

4. Lucknow Super Giants

Value: $1.075 billion
Revenue: N/A
Operating Income: N/A

5. Delhi Capitals

Value: $1.035 billion
Revenue: $35.4 million
Operating Income: $8.3 million

6. Royal Challengers Bangalore

Value: $1.025 billion
Revenue: $36.4 million
Operating Income: $9.7 million

7. Rajasthan Royals

Value: $1 billion
Revenue: $31.7 million
Operating Income: $6.6 million

8. SunRisers Hyderabad

Value: $970 million
Revenue: $31.8 million
Operating Income: $3.2 million

9. Punjab Kings

Value: $925 million
Revenue: $31.2 million
Operating Income: $9.8 million

10. Gujarat Titans

Value: $850 million
Revenue: N/A
Operating Income: N/A