How rich is Donald Sterling?
Donald Sterling Net Worth:
|Birth date:||April 26, 1934|
|Birth place:||Chicago, Illinois, United States|
|Education:||Southwestern Law School (1960)|
|Nationality:||United States of America|
|Spouse:||Rochelle Stein (m. 1955)|
|Children:||Joanna Sterling, Scott Sterling, Chris Sterling|
Donald Sterling biography:
American real estate mogul, lawyer, and also the holder of the National Basketball Association’s Los Angeles Clippers, Donald T. Sterling, has a net worth of $1.9 billion according to Forbes’ list of billionaires.
David Geffen once offered to purchase the team for $700 million but Sterling refused to sell. Sterling, who started his career as an attorney, has found his share of lawsuits in recent years. Former Clippers coach Mike Dunleavy sued over outstanding salary; that dilemma is in arbitration. Clippers former general manager Elgin Bailey sued Sterling along with the Clippers for wrongful termination due to age discrimination, but in March 2011 a jury rejected all of Bailey’s claims. He was born Donald Tokowitz (legally added Sterling as his last name as an adult) was born in 1933 in Chicago, Illinois.
Donald T. Sterling (born Donald Tokowitz, April 26, 1934) is an American businessman and attorney. He’s the owner of the Los Angeles Clippers professional basketball franchise of the National Basketball Association (NBA). Sterling got the Clippers in 1981 for $12.5 million. At 33 seasons of possession (1981 to present), Sterling has been the longest-tenured owner in the NBA since the passing of Los Angeles Lakers majority owner Jerry Buss in 2013.
In April 2014, Sterling was banned from the NBA for life and fined $2.5 million by the league after private recordings of him making racist comments were made public. When asked about the records in a interview with Anderson Cooper, Sterling said “I’m not a racist”, and also told Cooper that he’d made a “horrible mistake” and was “here to apologize”. On May 29, Sterling’s wife, Shelly, reached an agreement to sell the Clippers for $2 billion to Steve Ballmer, pending approval by way of a probate judge and subsequently by the league.
On April 25, 2014, TMZ Sports released a record of a dialog between Sterling and a female buddy, V. Stiviano. In the recording from September 2013, a guy affirmed to be Sterling was irritated over a photograph Stiviano had posted on Instagram, in which she modeled with Basketball Hall of Fame player Magic Johnson. Sterling told Stiviano: “It worries me a lot that you want to broadcast that you’re connecting with black people”, and, “you’ll be able to sleep with [black people]. It is possible to bring them in, you’re able to do whatever you desire”, but “the small I ask you is … never to bring them to my games”. Clippers president Andy Roeser issued a statement the following day, signaling that Stiviano had been sued by the Sterling family and had “told Mr. Sterling that she’d ‘get even'” with him. Sterling’s comments influenced the NBA, a league with mostly black players. On April 26, 2014, the team held a meeting to talk about the episode. Both trainers and players expressed anger toward the opinions, plus they briefly raised the probability of boycotting Game 4 of their series from the Golden State Warriors on April 27, 2014, before deciding against it. Instead, players protested Sterling’s comments by wearing their shirts inside out in order “to obscure any team emblem” during their pre-game huddle. The following day, April 28, 2014, players of the Miami Heat wore their uniform tops inside out to show solidarity with all the Clippers. LeBron James commented on the situation, “There’s no room for Donald Sterling in the NBA”. The owner of the Miami Heat, Micky Arison, also called the allegations “dreadful, offensive and extremely depressed”.