Robert Sarver is an American sports team owner and businessman with an estimated net worth of $800 million. Robert Sarver rose to fame as the owner of the NBA’s Phoenix Suns after making his fortune founding several banks. He is a board member of the Tucson Sarver Heart Center in addition to managing the Suns.

Who is Robert Sarver?

Robert Sarver was born October 31, 1961 in Tucson, Arizona. At the age of 16, Robert began working for his father’s company, American Savings and Loan, who was a wealthy businessman, banker and hotel developer. Business Administration is the degree Robert Sarver received from the University of Arizona.

He received the CPA designation in 1983. National Bank of Arizona, formerly National Bank of Tucson, was founded by Robert at the age of 23. Twelve years later, after it became the largest independent bank in Arizona, he sold it. A year later, he purchased the largest bank in the San Diego, California area, Grossmont Bank.

How much does Robert Sarver earn per year?

According to several reports, his annual salary is $25 million in 2023. He earns the majority of his income from his business ventures, investments, and partnerships.

How many businesses does Robert Sarver own?

A lifelong basketball enthusiast, Robert and a group of investors paid $400 million to buy the Phoenix Suns in 2004. At the height of his power, he owned 35% of the team. He also owns the WNBA’s Phoenix Mercury. Robert Sarver acquired RCD Mallorca soccer team in Spain’s second division in 2016 for more than $20 million.

He received heavy criticism for his “stingy” methods in leading the Sun team and for his hands-on leadership style, which led to instability and conflict within the organization.

How many investments does Robert Sarver own?

Sarver co-founded Southwest Value Partners with Millard Seldin in 1990. In 1995, the company purchased Emerald Plaza in San Diego. Emerald Plaza and two office buildings in San Diego were sold by Southwest Value Partners to Triple Net Properties in 2004 for $274.5 million.

How many endorsement deals has Robert Sarver done?

According to ESPN’s Baxter Holmes, former Phoenix Suns owner Robert Sarver donated $5 million to the team’s charity and also presented a $20,000 incentive to 250 to 300 employees of the Suns.