Robert Sarver is a renowned American Businessman known for his real estate development firm ‘Southwest Value Partners and his multiple sports investments.
As of 2022, Robert Sarver is estimated to have a net worth of over 800 million US dollars. He has earned the majority of his fortune by building and selling several successful banks.
Robert Sarver Biography
Being an enthusiast of sports activities since childhood, today he is an owner of multiple sports clubs and organizations such as the Phoenix Suns (A basketball team competing in the NBA), Phoenix Mercury (Women’s basketball team competing in WNBA), and RCD Mallorca (A Spanish Football team).
With the strive to be successful in life he has always been a hard worker gifted with excellent skills. Robert Sarver as of 2022 is 60 years old and is currently 5 feet 5’’ tall.
| Full name | Robert Sarver |
| Profession | Real estate developer |
| Sources of Income | Real estate Banking |
| Biggest Assets | Southwest Value Partners Phoenix Suns Phoenix Mercury RCD Mallorca |
| Residence | Tucson, Arizona |
| Date of Birth | October 31, 1961 |
| Age | 60 |
| Gender | Male |
| Nationality | American |
| Marital Status | Married |
| Education | Sabino High School University of Arizona |
| Children | Jake Sarver, Zach Sarver, Max Sarver |
| Spouse Name | Penny Sanders |
| Wealth Type | Inherited |
Robert Sarver Net Worth And Salary
As of 2022, Robert Sarver is estimated to have a net worth of over 800 million US dollars. He has earned the majority of his fortune by building and selling of several successful banks.
One of his most successful achievements had been the National Bank of Tucson which he had founded at an age of 23. Twelve years down the line he sold it off as the largest bank in Arizona. Since then, he has made several purchase and sales of multiple banks.
His basketball team the ‘Phoenix Suns’ is valued at an estimated amount of 1.8 billion dollars. Despite the ongoing reports and controversies surrounding him no one can deny, Sarver played a very crucial role in the success and the growth of the sports organisation.
His other sports teams like the Phoenix Mercury and RCD Mallorca are also big names in their respective sports leagues. All of these investments of his serve as an important source of income to him.
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Robert Sarver Early Life
Robert Sarver was born in Tucson, Arizona, US on 21st October 1961 to Irene and Jack Sarver. His father, Jack Sarver was an established Tucson businessman, banker as well as a successful hotel developer with prominent names like the Aztec Inn, Plaza International Hotel under his name.
He received his initial education from the Sabino High School in Tucson where he graduated from in 1979. Later he went to pursue a bachelor’s degree in business administration from the University of Arizona and graduated in 1982. He turned into an officially certified public accountant in around 1983.
Robert Sarver Career Beginnings
The initial part of his career was spent in the development and selling of banks. He started out during 1984 when he founded the National Bank of Tucson. After immense hard work and dedication, he expanded the bank state-wide and changed its name to ‘The National Bank of Arizona’.
Around 1995 when the bank was officially sold to Zions Bancorporation it had become the largest independent bank in the state. He later acquired Grossmont Bank, only for it to also be sold off to Zions Bancorporation in 1997. He even led Zions Bancorporation in acquisition of Sumitomo Bank of California. In 2003 he got promoted to become the chairman of Western Alliance Bancorporation.
In 1990 he ventured into real estate and co-founded Southwest Value Partners along with Milliard Seldin. The company acquired the Emerald Plaza in San Diego in 1995 and sold it off in 2004 along with two other San Diego office buildings to Santa Ana real estate firm for deal of about 274.5 million dollars. Southwest Value Partners is valued at more than a 100million dollars in today.
Robert Sarver is said to have been attending NBA games since the age of 8 years old. He stepped into sports with his purchase of the basketball team the Phoenix Suns in 2004. The suns reached the NBA finals very recently in 2021.
Robert Sarver Earnings By Year
Robert Sarver’s net worth has witnessed a steady increase from back in 2017 – 2018 when his net worth was valued at around 640 million Dollars, compared to his net worth in 2022 which is estimated to be around 800 million Dollars.
The sudden rise can be related to the sporting success of his team the Phoenix Suns who reached the NBA finals for the first time since 1993 in 2021.
Robert Sarver Personal Life/ Relationships
Robert Sarver and his siblings belong to a long and powerful family legacy following upon the successful achievements of his powerful and hard-working ancestors. Penny, the wife of Robert, is a Kansas City native who graduated with a bachelor’s in business from the University of Oklahoma in 1990.
After graduating, she relocated to Phoenix and obtained a position with Prentice-Hall. She and Robert first met in Scottsdale in 1991, and they got married on November 2, 1996.
Robert Sarver currently has three children, and all are two years aside in age. In 1997, Max arrived first, then Jake followed two years later, in 1999. Zach, the wealthy Sarver family’s youngest son, was born in 2001, two years after Jake, following the similar pattern.
Robert Sarver also suffers from a genetic pattern passed down in his family that leaves him and his siblings prone to heart disease. Jack Sarver, Robert’s father, passed away from heart illness at the age of 58 in 1979.
Generations prior to his birth, the paternal bloodline began fighting heart disease. The childhood memories of his young father’s recurrent struggle motivated him to invest in University of Arizona’s heart centre in 1998. Today it is known as the Sarver Heart Centre researching and preventing cardiovascular diseases.
What Did Robert Sarver Do To Get Suspended?
Robert Sarver is currently trending on social media platforms for allegations involving racism and sexual harassment of his employees. Last Tuesday Robert Starver has been issued a 1-year suspension from the NBA.
He is also being fined for 10 million dollars after he has been proven guilty in an independent investigation conducted by the NBA itself in accordance to the allegations of racism and sexist conduct.
The NBA carried out its own inquiry, during which it spoke with 320 team members and examined 80,000 documents, including emails, texts, and videos.
Even Suns employees claimed Sarver’s ownership of the team for 17 years resulted in a “toxic and occasionally hostile workplace,” with accusations of misogyny and racism.
In his statement NBA commissioner, Adam Silver announced that the findings in the report of the NBA’s investigation are troubling and disappointing. He believes after taking into account all the evidence and circumstances they find it important to take this action in order to uphold the proper standards in NBA workplaces.
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