Donald Sterling Net Worth

Donald Sterling is best known in the United States as a renowned businessman and former owner of the Los Angeles Clippers of the National Basketball Association. From 1981 to 2014, he was the only owner of the franchise. He had to renounce ownership of the Los Angeles Clippers when an account of him making racially derogatory statements became public. He chose to reach an agreement with the NBA and sold his interests for $2 billion to Steve Ballmer, another American businessman. Donald Sterling was forced to resign from the NBA, but he is still active in the Los Angeles real estate market.

Donald Sterling Net Worth
Donald Sterling Net Worth

Early Life

Donald Sterling was previously known as Donald Tokowitz and was born in Chicago, Illinois. He was born on April 26, 1934, according to his official birth certificate. Sterling’s parents opted to move to LOS ANGELES, especially Boyle Heights, when he was two years old. Susan is his mother, and Mickey is his father; both of his parents are Ashkenazi Jewish immigrants. He attended Theodore Roosevelt High School and was actively involved in the gymnastics program there. He was a member of the school’s football team and served as class president. He enrolled in California State University after graduating in 1952 and completed his degree there in 1956. Sterling then went on to Southwestern University’s School of Law, where he earned his law degree with honors in 1960.

Career

Sterling’s legal career began at a period when Jews were shunned and couldn’t get a high-paying job at a prestigious law firm or institution. He began his practice as an independent divorce lawyer and a personal injury lawyer at that time. He then entered the real estate market, purchasing a twenty-six-unit apartment complex in Beverly Hills. Sterling subsequently chose to invest in sports, particularly the National Basketball Association. In 1979, he purchased the San Diego Clippers, a team that had been suffering for a long time. He then moved on to the Oakland Raiders, where he invested a substantial sum of money. Donald Sterling followed the lead of other NBA organizations such as the Los Angeles Lakers, Detroit Pistons, and Sacramento Kings, and spent a large quantity of money, roughly $50 million, on the creation of a facility that would be utilized solely by team players.

Relationship

Donald Tokowitz married Shelly and submitted a petition to change their surname to “Sterling” when he was twenty-five years old. On December 9th, 1959, this was accomplished. He also claimed that the surname “Tokowitz” was difficult for his friends to pronounce, associating the word Sterling with financial change and benefit.

Physical Appearance

Donald Sterling, who was born on April 26, 1934, is 87 years old today, February 25, 2022. He is a 70-kilogram man with a height of 1.73 meters.

Net Worth

Donald Sterling’s net worth is now estimated to be approximately $4 billion as of February 2022. His financial expertise demonstrates that knowing where to invest one’s money may yield lucrative and satisfying results.