What is Robert Sarver’s Net Worth?
Robert Sarver is an American businessman who has a net worth of $800 million. He is the owner of Phoenix Mercury, RCD Mallorca, and an American sports team owner. He was recently suspended for one year and fined $10 million for sexual harassment and racism.
|Full Name:||Robert Sarver|
|Net Worth:||$800 Million|
|Age:||61 Years Old|
|Born:||October 31, 1961|
|Salary:||$25 Million (Annual)|
He is well known for ownership of Southwest Value Partners that is a real estate development company. Robert Sarver wins many hearts due to his successful business life. Nowadays, Robert Sarver has become famous due to an investigation about phoenix suns.
That’s why many people want to know the net worth of Robert Sarver. But, his overall value is $800 Million. This article will describe the bio, education, carrier, net worth, business, and investigation of the phoenix suns. Have a look.
Robert Sarver Net Worth Over the Years
|Net Worth in 2023||$800 Million|
|Net Worth in 2022||$760 Million|
|Net Worth in 2021||$700 Million|
|Net Worth in 2020||$660 Million|
|Net Worth in 2019||$640 Million|
On October 31, 1961, Robert Sarver was born to Irene and Jack Sarver in Tucson, USA. His father was Jewish and a prominent Tucson businessman. In the early 1970s, his father built the Plaza International Hotel and Aztec Inn Tucson at Speedway and Campbell. His father was famous as a hotel developer and banker.
When his father died in 1979 due to a heart attack, his all worth was donated to the University of Arizona’s heart research center, his alma meter. Later in 1998, Arizona’s heart was renamed Sarver Heart Center in the name of Robert Sarver’s father.
At the age of 16, Robert Sarver joined the businesses of his father. From the University of Arizona, Robert Sarver graduated in 1982 and did a bachelor’s degree in business administration subjects. Robert Sarver became a certified public accountant in 1983.
During his life, Robert Sarver got success in various fields of life. Some of his top carriers are the following.
the National Bank of Tucson was founded in 1984 by Robert Sarver. Later he changed the name to the National Bank of Arizona and expanded it to the whole state.
Then this bank was sold to the largest independent bank Zions Bancorporation in 1994. In 1995, Robert Sarver became the owner of Grossmont Bank. This bank was San Diego’s largest community bank, and it was sold to Zions bank in 1977.
Sarver led Sumitomo Bank of California as Bancorporation’s acquisition in 1998. He served the Western Alliance Bancorporation as chairman in 2003.
Real Estate Development
Sarver became the co-founder of Southwest Value, a real estate company, and his partner was Millard Seldin. in San Diego. Both partners purchased the Emerald Plaza In 1995.
Santa Ana, a real estate firm, buys the two San Diego office buildings and Emerald Plaza from Both partners for $274.5 million.
Robert Sarver was a great fan of sports. That’s why he wanted to purchase an NBA team. That’s why he discussed it with Lute Olson, a basketball coach at the University of Arizona. He referred him to a former player and 15-year NBA veteran, Steve Kerr, who helped him buy Suns in $401 million records.
After purchasing the team, he arranged the team and did many reformations in it. He made the Verizon 5G Performance Center which was a 53,000-square foot practice arena, in 2020 with the collaboration of Verizon for $45 million.
It uses 5G technology that collaborates motion analysis, and ball tracking with the help of a computer. It provides accurate information to players and coaches. Both WNBA Phoenix Mercury and Suns are using this technology in sports science.
In 2021, Both Sarver and the Suns decorate the Footprint Center and expand it with an investment of $230 million. They grow it with ultra-modern amenities, new suites, social spaces, and modern seating options.
It also includes video and enhancements to sound lighting to enhance game attraction. The best changes are the arena’s infrastructure which makes it one of the best greenest stadiums. Nowadays, the Suns are famous for winning the NBA finals in 2021, and it is the first time since 1993.
Controversies About Sarver
He faces many controversies throughout his carrier. He has often been rumored cheap as the owner of the Suns because he gave many players to add in-game to avoid taxes. Some of these players are Rajon Rondo, Luol Deng, and Joe Johnson.
On November 4, 2021, A report was written by Baxter Holmes on ESPN on Sarver and the Phoenix Suns. The subject of the information was related to sexual harassment, racism, and misogyny. He also requested to fire the coach, but Sarver and his legal team refused all these accusations.
Jerry Colangelo was the owner of Phoenix in 1997, but in 2004, Sarver became the owner of the WNBA team and Phoenix Suns. The Mercury won WNBA championships three times under Sarver’s ownership in 2007, 2009, and 2014. It also won conference titles 2020-2021 season.
|Favorite Actor||Robert Downey Jr.|
|Favorite Actress||Not Know|
|Favorite Singer||Not Know|
|Favorite Food||Not Know|
|Favorite Song||Not Know|
|Favorite Movie||Don’t Know|
|Favorite Cricketer||Rohit Sharma|
|Favorite TV Show||Not Know|
|Net Worth||$800 Million|
|Date Of Birth||October 31, 1961|
As of 2023, Robert Sarver’s net worth is estimated to be $800 million, with an annual salary of $25 million. During his career, Robert Sarver earned $ 8,000 per week, $ 32,000 per month, and $ 4,00,000 Per Year. His team, the Phoenix Suns, have an estimated worth of $1.55 billion with an investment of only $400 million.