Net Worth

Robert Sarver Net Worth: is Estimated Net Worth is Approximately $850 Million

Lakshmi

robert sarver net worth

This article contains numerous facts about Robert Sarver, including his wealth, biography, age, wife, height, and weight. Robert Sarver’s estimated net worth is approximately $850 million. Robert is an American businessman and the owner of the Phoenix Mercury, RCD Mallorca, and an American sports team. As a wealthy businessman and owner of a real estate development company, he rose to prominence.

According to multiple sources, his annual salary in 2022 is $25 million. His principal source of income is derived from his business endeavors, investments, and partnerships. In this article, we will discuss Robert Sarver’s net worth, income, profession, and private life in detail.

Robert Sarver’s Net Worth

Robert Sarver’s estimated net worth is approximately $850 million. Robert is an American businessman and the owner of the Phoenix Mercury, RCD Mallorca, and an American sports team. As a wealthy businessman and owner of a real estate development company, he rose to prominence. According to multiple sources, his annual salary in 2022 is $25 million. His principal source of income is derived from his business endeavors, investments, and partnerships.

Net Worth $800 Million
Name Robert Sarver
Age 60
Height (1.7 m)
Weight 80KG (Approx)
Profession Businessman
Date Of Birth October 31, 1961
Birthplace United States
Nationality American
Income $25 Million
Spouse Penny Sanders

Early Life

Robert Sarver was born in Tucson, Arizona, on October 31, 1961, to Irene and Jack Sarver. His father was Jewish and a prominent Tucson businessman. His father constructed the Plaza International Hotel and Aztec Inn Tucson at Speedway and Campbell in the early 1970s. His father was a renowned hotel developer and financier.

When his father died of a heart attack in 1979, his whole estate was bequeathed to the heart research facility at his alma mater, the University of Arizona. Later in 1998, the Arizona heart was renamed the Robert Sarver Heart Center in honor of Robert’s father.

Robert Sarver joined his father’s companies at the age of 16. Robert Sarver graduated from the University of Arizona in 1982 with a bachelor’s degree in business administration. Robert Sarver obtained his CPA certification in 1983.

Robert Sarver Biography

Robert Sarver was born in Tucson, Arizona, on 31 October 1961 to Irene and Jack Sarver. As his father was a major Tucson businessman who owned the Plaza International Hotel, Aztec Inn Tucson at Speedway, and Campbell, he was raised in an affluent family. Before his death from a heart attack in 1979, his father was likewise recognized for being a hotel developer and banker.

Robert attended Sabino High School to complete his education; he then attended the University of Arizona and graduated in 1982 with a bachelor’s degree in business administration. Due to his degree, he was a public accountant in 1983.

robert sarver net worth

Robert Sarver Career

Robert began his career in 1984 by creating a national bank in Tucson, which was later renamed the National Bank of Arizona.

In 1994, he sold it to Zions Bancorporation, the largest independent bank at the time. Then, he founded Grossmont Bank in San Diego, the largest community bank at the time, and sold it in 1977. Before 2003, he provided banking services.

Aside from the bank, he was also involved in other industries, such as real estate, when he and his partners founded Southwest Value in 1995. He also put his money into numerous other enterprises, including an NBA team, the Verizon 5G Performance Center, the Phoenix Mercury of the WNBA, and others.

Recent in 2021, he made a $230 million investment and contributed to the expansion of the Footprint Center.
In 2004, he also became the owner of the WNBA’s Phoenix Suns and the NBA’s current champions, the Phoenix Suns. His work of Phoneix suns made him popular among internet users.

Athletic Ownership

Robert, a lifetime basketball lover, purchased the Phoenix Suns for $400 million in 2004 with a consortium of investors. Today, the squad is believed to be worth $1.8 billion. He also owns the Phoenix Mercury of the WNBA.

His stint as a team owner has been received with severe criticism for his “penny-pinching” management of the organization.

Suspension and Fine for 2022

Robert Sarver was suspended for one year and fined $10 million by the NBA in September 2022 after an inquiry revealed that he had used the “N-word” at least five times. In all fairness, the study determined that Sarver’s use of the term occurred while he was “recounting the words of others” and was not motivated by bigotry.

robert sarver net worth

Summary

Robert Sarver’s net worth in 2022 is $800 million and his annual compensation is $25 million. Robert Sarver made $ 8,000 per week, $ 32,000 per month, and $ 4,000,000 per year during his career. His Phoenix Suns club is projected to be valued at $1.55 billion with an initial investment of $400 million.

FAQs

What is Robert Sarver’s net worth?

Robert server’s estimated net worth is approximately $850 million.

What is Robert Sarver’s yearly salary?

According to multiple sources, his annual salary in 2022 is $25 million. His principal source of income is derived from his business endeavors, investments, and partnerships.

What is Robert Sarver’s occupation?

Robert is an American businessman and the owner of the Phoenix Mercury, RCD Mallorca, and an American sports team. As a wealthy businessman and owner of a real estate development company, he rose to prominence.

What is Robert Sarver’s age?

Sarver was born on the 31st of October 1961 and is 60 years old.

What is the height of Robert Sarver?

Sarver has a height of 1.7 meters.

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