It was the 23rd edition of the rankings, with the storied Yankees franchise maintain its record of earning the number one spot in each year.
Forbes said the Yankees, whose 27 World Series titles are the most in MLB history, are valued at $5billion – an increase of nine percent from last year.
Forbes said the average MLB team is worth $1.85billion, four percent more than last year. It is the smallest yearly increase since 2010, when the average team value rose by two percent.
Only one of the 30 MLB teams came in under $1billion, with the Miami Marlins valued at $980million.