David Stern Net Worth
David Stern net worth and salary: David Stern is an American lawyer and professional sports commissioner who has a net worth of $135 million. David Stern was born on September 22, 1942 in Manhattan, New York. Stern is most widely known as the Commissioner of the NBA and is considered responsible for increasing the popularity of basketball over the course of his tenure. He became Commissioner in 1984 and also serves on the Board of Trustees for Columbia University. Over his 30 year tenure as commissioner, Stern has transformed the National Basketball Association into a hugely popular global sensation and profit engine. During the 1982-83 season, the NBA's total revenues were a paltry $118 million. In 2013, league revenues topped $5 billion. Back in 1983, the Sacramento Kings sold for $10.5 million, in May 2013, the same team sold for $534 million. When Stern took over, the NBA playoffs were on only shown on tape delay (of course there also was no internet to spoil the outcome). Today nearly every game is televised live in 215 countries. Stern is also famous for dealing with several NBA lockouts when the league and its players could not agree on salary compromises. David is married to Dianne Bock Stern and together they live in Scarsdale, New York with their two sons.
David Stern Salary
What is David Stern's annual salary as commissioner of the NBA? $20 million