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Robert Sarver Net Worth 2022: How Did Robert Sarver Make His Money?

This page contains information about Robert Sarver’s net worth, biography, age, wife, height, and weight, among other things. Robert is an American businessman who owns the Phoenix Mercury, RCD Mallorca, and an American sports team. He rose to prominence as a wealthy businessman who owns a real estate development company.
According to various sources, his annual income will be $25 million in 2022. His main source of income is from his business ventures, investments, and collaborations. In this article, we will go over Robert Sarver’s net worth, income, career, personal life, and so on. Check out

Robert Sarver’s Net Worth In 2022

Robert Sarver is an American businessman and sports team owner with a net worth of $800 million. After making a fortune by founding several banks, Robert Sarver rose to prominence as the owner of the NBA’s Phoenix Suns. In addition to leading his teams, he serves on the Board of Trustees of Tucson’s Sarver Heart Center.

Net Worth: $800 Million
Name: Robert Sarver
Salary: $25 Million (Annual) +
Monthly Income: $2 Million +
Date of Birth: October 31, 1961
Gender: Male
Height: 1.7m. (5′ 5″)
Profession: Businessman
Nationality: American

Robert Sarver’s Net Worth Growth

Net Worth in 2022 $800 Million
Net Worth in 2021 $775 Million
Net Worth in 2020 $750 Million
Net Worth in 2019 $725 Million
Net Worth in 2018 $700 Million

Robert Sarver Career

Robert began his career in 1984 by establishing a national bank in Tucson, which was later renamed the National Bank of Arizona and in the state. He sold it to Zions Bancorporation, the largest independent bank, in 1994. Then he established Grossmont Bank, San Diego’s largest community bank, which he sold in 1977. He worked in the banking industry until 2003.

Apart from the bank, he was also involved in other businesses such as real estate, having founded Southwest Value with his partners in 1995. He also put his money into other ventures such as an NBA team, the Verizon 5G Performance Center, the WNBA Phoenix Mercury, and so on.

In 2021, he made a $230 million investment to help expand the Footprint Center. In 2004, he also purchased the WNBA team and the Phoneix Suns, who are currently the NBA Finals 2021 champions. He rose to prominence among netizens as a result of his investigation into Phoneix suns.

Ownership in Sports

Robert, a lifelong basketball fan, paid $400 million for the Phoenix Suns with a group of investors in 2004. The team is now estimated to be worth $1.8 billion. He also owns the Phoenix Mercury of the WNBA.

His tenure as a team owner has been met with harsh criticism for his “penny-pinching” methods in managing the team.

Suspension and fine in 2022

After an investigation revealed that he had used the “N-word” at least five times, the NBA suspended Robert Sarver for one year and fined him $10 million in September 2022. To be fair, the report determined that Sarver’s use occurred while he was “recounting the statements of others,” and that it was not motivated by racism.

Robert Sarver Early Life

Robert Sarver was born on October 31, 1961, in Tucson, Arizona. He earned a Business Administration degree from the University of Arizona. He founded the National Bank of Arizona, formerly known as the National Bank of Tucson when he was twenty-three years old.

He sold it 12 years later after it had grown to become Arizona’s largest independent bank. A year later, he purchased Grossmont Bank, the largest bank in the San Diego area.

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FAQ:

What bank does Sarver own?

Western Alliance Bancorporation

What is the Laker’s net worth?

$5.5 billion