Find out who owns the Chicago Cubs MLB franchise, the owner's net worth, source of wealth and ownership history of the club. The Chicago Cubs are a household franchise in the MLB based in Chicago, Illinois. They are a member club of the National League Central Division and were originally founded in 1870 as the Chicago White Stockings before rebranding to the Cubs in 1903. The Chicago Cubs are also a successful franchise in the MLB, having won three World Series titles. Who owns the Chicago Cubs MLB franchise? The Chicago Cubs are currently owned by the Ricketts family, who have been the principal owners of the franchise since it was acquired in 2009 for $845 million. Club Net Worth & Valuation According to figures from Forbes, the Chicago Cubs are valued at $4.6 billion. Ownership History The Chicago Cubs MLB franchise has gone through a series of ownership throughout its history. The team was originally founded as the Chicago White Stockings in 1870. Founding Year The ...