Liberty has previously topped the Forbes Top 25 list, which consists mainly of individuals and entities that own several major US sports franchises, although some also own top European football teams.
The value of Liberty’s sports properties has shrunk since it spun off its baseball subsidiary, MLB team the Atlanta Braves, in July last year.
Despite that move lopping some 12% off the value of the company’s ownership of sports assets, it remains top of the list at $18.22 billion.
Liberty outranked Kroene Sports and Entertainment, owner of the Los Angeles Rams, Denver Nuggets and Arsenal FC among other properties, as it increased its value by 22% to $15.59 billion.
Third place went to Fenway Sports Group, owner of baseball team the Boston Red Sox, NHL franchise the Pittsburgh Penguins and Liverpool FC. The group's value also rose by a significant 25% to $12.95 billion.
Fenway now has a small connection to F1 as one of the minor shareholders in sports investment firm Arctos Partners, which acquired a stake in the Aston Martin team late last year.
An individual in the list with a more direct involvement in F1 is Stephen Ross, who owns the Miami Dolphins and is the promoter of the Miami GP that runs around his Hard Rock stadium.
Ross has now broken into the Forbes Top 25 in 16th spot, owning sports assets with a value of $6.91 billion.
The only other F1 connection in the top 20 list is the Bamford family, owner of Aston Martin sponsor JCB, in 17th place.