Robert Sarver is an American businessman with a net worth of $800 million. He is the owner of the Phoenix Mercury, RCD Mallorca, and an American sports team owner. He was recently suspended for a year and fined $10 million for sexual harassment and racial discrimination.
He is best known as the owner of Southwest Value Partners, a real estate development company. Robert Sarver has won the hearts of many people because of his successful business life. Today, Robert Sarver is famous for his investigation of the Phoenix Suns.
That is why many people want to know Robert Sarver’s net worth. But his total net worth is $800 million. This article will describe his biography, education, career, net worth, business, and Phoenix Suns investigation. Let’s take a look.
Robert Sarver Net Worth (2024)
| Full name: | Robert Sarver |
| Net worth: | 800 million dollars |
| Year old: | 63 years old |
| Nation: | USA |
| Born: | October 31, 1961 |
| Wage: | $25 million (Annual) |
| Last updated: | 2024 |
Robert Sarver’s Net Worth Growth
| Net worth 2024 | 800 million dollars |
| Net worth 2023 | $760 million |
| Net worth 2022 | 700 million dollars |
| Net worth 2021 | $660 million |
| Net worth 2020 | $640 million |
Early life
Robert Sarver was born in Tucson, USA on October 31, 1961, to Irene and Jack Sarver. His father was Jewish and a prominent businessman in Tucson. In the early 1970s, his father built the Plaza International Hotel and the Aztec Inn Tucson at Speedway and Campbell.
When his father died of a heart attack in 1979, his entire estate was donated to the University of Arizona’s cardiac research center, where he studied. In 1998, the Arizona heart center was renamed the Sarver Heart Center after Robert Sarver’s father.
At the age of 16, Robert Sarver joined his father’s business. Robert Sarver graduated from the University of Arizona in 1982 with a bachelor’s degree in business administration. Robert Sarver became a certified public accountant in 1983.
Career
Throughout his life, Robert Sarver has been successful in many areas of life. Some of his top performers are as follows.
Bank
Tucson National Bank was founded by Robert Sarver in 1984. He later changed the name to Arizona National Bank and expanded statewide. The bank was then sold to the largest independent bank, Zions Bancorporation, in 1994.
In 1995, Robert Sarver became the owner of Grossmont Bank, which was sold to Zions Bank in 1977. Sarver led Sumitomo Bank of California when it was acquired by Bancorporation in 1998. He served as chairman of Western Alliance Bancorporation in 2003.
Real estate development
Sarver became a co-founder of Southwest Value, a real estate company, with his partner Millard Seldin. in San Diego. Both partners purchased Emerald Plaza in 1995. Santa Ana, a real estate company, purchased two office buildings in San Diego and Emerald Plaza.
From both partners for $274.5 million. Robert Sarver is a big sports fan. That’s why he wanted to buy an NBA team. He introduced him to a former player and 15-year NBA veteran, Steve Kerr, who helped him buy the Suns for a record $401 million.
Phoenix Sun
After purchasing the team, he reorganized the team and implemented many reforms within it. He built the Verizon 5G Performance Center, a 53,000-square-foot practice arena, in 2020 in partnership with Verizon for $45 million.
5G technology combines motion analysis and computer-aided ball tracking. This technology provides precise information to players and coaches. Both the WNBA Phoenix Mercury and Suns use this technology in sports science.
In 2021, Sarver and the Suns renovated and expanded the Footprint Center with a $230 million investment, adding ultra-modern amenities, new suites, social spaces, and modern seating options.
It also includes video and sound lighting improvements to enhance the appeal of the game. The best changes are the arena’s infrastructure, making it one of the greenest stadiums. Today, the Suns are famous for winning the 2021 NBA Finals and since 1993.
Sarver Controversy
He faced a lot of controversy throughout his career. He was often rumored to be a cheapskate owner of the Suns because he brought many players into the game to avoid taxes. Some of these players were Rajon Rondo, Luol Deng, and Joe Johnson.
On November 4, 2021, Baxter Holmes wrote an ESPN report about Sarver and the Phoenix Suns. The information included allegations of sexual harassment, racism, and misogyny. He also called for the coach to be fired, but Sarver and his legal team denied all of these allegations.
Mercury Phoenix
Jerry Colangelo became the owner of the Phoenix in 1997, but Sarver became the owner of the WNBA team and the Phoenix Suns in 2004. The Mercury won the WNBA championship three times under Sarver’s ownership in 2007, 2009 and 2014. The team also won the conference championship in the 2020-2021 season.
Favorite Things
| Favorite Actor | Robert Downey Jr. |
| Favorite Actress | Don’t know |
| Favorite singer | Don’t know |
| Favorite Apps | YouTube |
| Favorite game | Do not have |
| Favorite food | Don’t know |
| Favorite song | Don’t know |
| Favorite athlete | Neymar |
| Favorite movies | Don’t know |
| Favorite cricket player | Rohit Sharma |
| Favorite soccer player | Neymar |
| Favorite TV Show | Don’t know |
| Interest | Drive |
About
| Net worth | 800 million dollars |
| Name | Robert Sarver |
| Year old | 63 |
| Height | (1.7 meters) |
| Weight | 80KG (Approx.) |
| Job | Businessmen |
| Date of birth | October 31, 1961 |
| Place of birth | USA |
| Nationality | American |
| Income | 25 million dollars |
| Couple | Penny Sanders |
“Words that I deeply regret now overshadow nearly two decades of building organizations that bring people together.”
– Robert Sarver
Robert Sarver’s Social Media Profile
Summary
As of 2024, Robert Sarver’s net worth is estimated to be $800 million, with an annual salary of $25 million. He earns $8,000 per week, $32,000 per month, and $4,00,000 per year. His team, the Phoenix Suns, is worth $1.55 billion with an investment of just $400 million.
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