Donald Sterling Net Worth

How much is Donald Sterling Worth?

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Donald Sterling Net Worth
Net Worth:
$1.9 Billion
Date of Birth
1933
Place of Birth
Chicago
Profession
Lawyer

Donald Sterling Net Worth: Donald Sterling is an American business magnate and former attorney who has a net worth of $1.9 billion dollars. Donald Sterling is perhaps most famous for owning the NBA team The Los Angeles Clippers. Born Donald T. Sterling in 1933, in Chicago, Illinois, US, he is the owner of the National Basketball Association's Los Angeles Clippers. The team, which he bought for $12.5 million in 1981, is said to be worth $700 million as of 2013. After thirty-two seasons of ownership (1981 to present), Sterling has not only accumulated his net worth, but also has become the longest-tenured owner in the NBA. Having started his career as a lawyer, Sterling is also a real estate tycoon who continues to add to his stable of apartment buildings predominantly in Los Angeles. In addition to LA, he has properties in Orange County, San Diego and Las Vegas. Even tough a former attorney, a Los Angeles jury ruled against Sterling making him pay $17.3 million in a lawsuit filed by an actress, Robyn Cohen, who lost most of her belongings in a fire at a West Hollywood apartment building owned by Sterling. He married the former Rochelle "Shelly" Stein, in 1957, with whom he has three children. Unfortunately, he lost his oldest 32-year-old son Scott Sterling on January 1, 2013, when he was found dead of an apparent drug overdose in his Malibu apartment. In April 2014, one of Donald's ex-girlfriends released an audio recording that contained racist rants allegedly made by the billionaire during an argument over her Instragram account. The remarks were so shocking that even President Obama was forced to address them during a press conference while visiting the Prime Minister of Malaysia. On April 29, 2014, Adam Silver from the NBA announced that the league was banning Donald Sterling from all NBA events for life. They also are going to do everything in their power to force Sterling to sell the Clippers.

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Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.