Donald Sterling Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $4 billion | N/A | April 26, 1934 | Chicago, Illinois | Male | N/A | Business Magnate, Former Attorney | American |
Highlights
– Donald Sterling has a net worth of $4 billion.
– He was the former owner of the Los Angeles Clippers.
– Sterling is a prominent real estate investor in Los Angeles.
Early Life
Donald T. Sterling, born Donald Tokowitz, was born on April 26, 1934, in Chicago, Illinois. He grew up in the Boyle Heights neighborhood of Los Angeles after his family moved there when he was two years old. He attended Theodore Roosevelt High School and later graduated from California State University, Los Angeles, and Southwestern University School of Law. In 1959, he and his wife changed their last name to “Sterling”.
Career
Sterling started his career as a divorce and personal injury attorney. He ventured into real estate by making his first property purchase, a 26-unit apartment building in Beverly Hills. Over the years, he continued to invest in real estate, owning numerous properties in Los Angeles, Orange County, San Diego, and Las Vegas.
In 1981, Sterling purchased the San Diego Clippers basketball team for $12.5 million. He pledged to build up the struggling franchise and eventually moved the team to Los Angeles, despite initial opposition from the NBA. Sterling faced criticism as the owner of the Clippers, with his ownership being called the “worst in sports” by several media outlets.
Personal Life
Sterling was married to Rochelle “Shelly” Stein in 1957 and they have three children together. Unfortunately, their relationship became estranged in 2012. In 2013, Sterling’s oldest son, Scott, passed away from a drug overdose in his Malibu apartment.
Net Worth Over Time
– In 2014, Donald Sterling had a net worth of $4 billion.
Components of Net Worth
– Real Estate Investments: Sterling is a prominent real estate investor in Los Angeles and owns thousands of apartment units across the city.
– Ownership of Los Angeles Clippers: Sterling was the former owner of the Los Angeles Clippers, which contributed significantly to his net worth.
With a net worth of $4 billion, Donald Sterling is an American business magnate and former attorney. He gained fame as the former owner of the Los Angeles Clippers and is a prominent real estate investor in Los Angeles. Born on April 26, 1934, in Chicago, Illinois, Sterling moved to Los Angeles at a young age and attended Theodore Roosevelt High School. He later graduated from California State University, Los Angeles, and Southwestern University School of Law.
Sterling started his professional career as a divorce and personal injury attorney. However, he quickly ventured into real estate by making his first property purchase, a 26-unit apartment building in Beverly Hills. Throughout his career, Sterling has made significant investments in real estate, owning multiple properties in Los Angeles, Orange County, San Diego, and Las Vegas.
In 1981, Sterling purchased the San Diego Clippers for $12.5 million. He pledged to build up the struggling franchise and eventually moved the team to Los Angeles, despite facing opposition from the NBA. Over the years, Sterling faced criticism as the owner of the Clippers, with his ownership being labeled as the “worst in sports” by various media outlets.
Sterling’s personal life has had its share of ups and downs. He was married to Rochelle “Shelly” Stein in 1957, but their relationship became estranged in 2012. Tragically, in 2013, Sterling’s oldest son, Scott, passed away from a drug overdose in his Malibu apartment.
Over time, Donald Sterling’s net worth has been primarily driven by his real estate investments and ownership of the Los Angeles Clippers. As of 2014, his net worth was estimated at $4 billion.
In conclusion, Donald Sterling’s journey from a real estate investor to the owner of the Los Angeles Clippers has significantly contributed to his net worth of $4 billion. Despite controversy and criticism surrounding his ownership, Sterling’s impact on the sports and real estate industries has been undeniable.