Robert Sarver is a 60 years old American businessman who co-founded an investment company in real estate development, Southwest Value Partners.
He also has two basketball professional teams: The Phoenix Suns, the Phoenix Mercury as well as an Spanish football clubcalled RCD Mallorca. At the time of the year 2022 Robert Sarver net worth is estimated to be approximately $800 million.
Life in the early years
Robert Sarver was born on the 31st October 1961 , in Tucson, Arizona, United States. He was the son of parents Jack Sarver and Irene Sarver. His father was a hotel developer, banker and an infamous Tucson businessman who passed away from a heart attack 1979.
Robert finished high school at Sabino High School in 1979. Sabino High School in 1979 He then attended his first university, the University of Arizona, from where he graduated with his university graduation in 1982, in Business Administration. He was also certified as a public accountant in the year 1983.
Robert Sarver is married to the name of Penny Sanders. He got married to Penny in the year 1996. The couple first met in the year 1991. They share three children with names of Maax, Zach, and Jake. Robert and Penny have been involved in a variety of charity projects. They have been making donations towards the Heart Center since 1998.
Robert is on the news lately since the media reported that he had been fostering the toxic and hostile workplace within his team for over 17 years. The team is also accused of making racist remarks and creating a gender-biased environment that is ultimately preventing women to join Mercury. WNBA group, Mercury.
Robert is also accused of having an unintentional relationship with his coaches. However Robert denied the accusations in a statement that was released a couple of weeks back. Robert is also accused of causing trouble for his coaches. NBA is currently in the process of launching an investigation of Robert as well as his team, the Phoenix Suns for fostering a hostile environment for women.
Robert Sarver Career
Robert began as a worker for the father’s business known as American Savings and Loan when at the age of 16. He later founded The National Bank of Tucson in 1984.
In the following years, he expanded his banking operations to the entire state of Arizona changing its title to National Bank of Arizona. After managing the bank for 10 years and a half, in 1994 the bank was sold in 1994 to Zions Bancorporation.
Robert Co-founded Southwest Value Partners, the real estate firm along together with Millard Seldin in the year 1990. The company bought a building called Emerald Plaza based in San Diego in 1995.
The Emerald Plaza along with two other office buildings were sold to a Santa Ana real estate firm by his real estate business in 2004. The following year, he bought the basketball team of professional level, Phoenix Suns for $401 million.
The suns made it to their first NBA finals the second time in a row since 1993 during the season 2020-2021. But, they couldn’t claim victory following a loss to the Milwaukee Bucks by 4-2. Then, in 2004, the owner acquired Phoenix Mercury.
WNBA team, which was named the Phoenix Mercury. Women’s basketball made it to the finals of 2021 and 2020. In January of 2016 the owner bought the football team RCD Mallorca.
Robert Sarver Net Worth
By 2022 Robert Sarver’s wealth is estimated to be about $800 million. The team was purchased by Robert Sarver in 2004 for $400 million. Phoenix Suns in 2004 for $400 million. At current, the team is worth about $1.55 billion.