Donald T. Sterling is a lawyer and real estate investor who is the former owner of the Los Angeles Clippers of the National Basketball Association (NBA).
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2. Income & Salary
He was born Donald Tokowitz on April 26, 1934 in Chicago. He and his estranged wife, Rochelle (Shelly) Stein, were married in 1955 and had three children: Scott, Chris and Joanna. Scott died on January 1, 2013.
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3. Estimated Net Worth
Sterling changed his last name in 1959, and graduated from the Southwestern School of Law in 1960. The following year, he began a practice focusing on divorces and personal injury cases, and made enough money to invest in real estate. By 2014, he was the owner of 162 Los Angeles properties. In 1981, Stering bought the Clippers for $12.5 million, when the team was based in San Diego. Three years later, he moved the team to Los Angeles, but the team was in the shadow of the crosstown Lakers, who were in the midst of five NBA titles during the 1980’s.Sterling’s ownership of the team remained controversial throughout his tenure. In April 2014, a tape of Sterling making racial comments to his mistress resulted in his being banned from the league and the forced sale of the Clippers to former Microsoft CEO Steve Ballmer, which was for a record $2 billion.Sterling’s estimated net worth is approximately $2.8 billion, with the bulk of that coming from his sale of the Clippers in 2014. Thus, the money he’s made the last two years is over $2 billion.
How much is Donald Sterling’s Net Worth? $2 Billion!
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