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Phoenix Suns Owner Net Worth: is He a Richest American Businessman?

Phoenix Suns Owner Net Worth is He a Richest American Businessman

Phoenix Suns Owner Net Worth is He a Richest American Businessman

On this page, you can find information on Robert Sarver’s net worth, biography, age, wife, height, and weight, among many other things. Robert Sarver is an American businessman with an estimated $850 million in wealth. Robert is a successful American businessman who owns RCD Mallorca, Phoenix Mercury, and an American sports franchise. He became a successful businessman who owns a real estate development firm.

According to some reports, his annual salary is $25 million as of 2023. His commercial endeavors, investments, and partnerships are his primary income sources. We will provide all the information about Robert Sarver’s net worth, income, profession, personal life, etc., on this page.

Robert Sarver’s Net Worth

Robert Sarver, a sports team owner, and businessman from the United States, has an estimated net worth of $800 million. Robert Sarver rose to fame as the owner of the NBA’s Phoenix Suns after making a fortune founding many banks. He is a member of the Tucson Sarver Heart Center’s Board of Trustees in addition to managing the Suns. Robert struck a contract in December 2022 to sell the Suns to a group of investors, including mortgage billionaire Mat Ishbia, for $4 billion.

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According to reports, the deal’s financial backers included Justin Ishbia, Mat’s rich brother. Robert Sarver controlled 35% of the Suns at the time of the sale, making his pre-tax share of the deal worth $1.4 billion. It’s highly possible that Justin and Mat paid $1.4 billion for just Sarver’s portion. In other words, they did not spend $4 billion on the entire team.

Robert Sarver’s Early Life

On October 31, 1961, Robert Gary Sarver was born in Tucson, Arizona. Robert started working for his father’s firm, American Savings, and Loan, when he was just 16 years old. His father was a wealthy businessman, banker, and hotel developer. Robert Sarver received a Business Administration degree from the University of Arizona. He attained certified public accountant status in 1983.

Robert established the National Bank of Arizona, originally the National Bank of Tucson, when he was twenty-three. Twelve years later, he sold it after it had expanded to become Arizona’s most extensive independent bank. A year later, he acquired Grossmont Bank, the biggest bank near San Diego, California.

Bio of Robert Sarver

Irene and Jack Sarver welcomed Robert in Tucson, Arizona, on October 31, 1961. His father was a well-known businessman in Tucson who owned the Plaza International Hotel, Aztec Inn Tucson at Speedway, and Campbell. Thus, he grew up in a wealthy home. Before passing away in 1979 from a heart attack, his father was equally well-known for being a banker and hotel developer.

Robert attended Sabino High School to complete his education. He later attended the University of Arizona to earn his business administration degree, from which he graduated in 1982. Because of his degree, he worked as a public accountant in 1983.

The career of Robert Sarver

To launch his career, Robert founded a national bank in Tucson in 1984. This bank later changed its name to the National Bank of Arizona. He sold it to Zions Bancorporation, the largest independent bank, in 1994. The largest community bank in San Diego was the next institution he founded before selling it in 1977. He worked with banking services up to 2003.

Robert Sarver’s Accounts on social media

He was also involved in other industries outside the bank, such as real estate, and in 1995, he and his partners founded Southwest Value. Additionally, he invested in other businesses, including a WNBA Phoenix Mercury franchise, Verizon 5G Performance Center, and an NBA team.

He recently contributed to the expansion of the Footprint Center with a $230 million investment in 2021. He also acquired ownership of the Phoneix Suns, who will win the NBA championship in 2021, and a WNBA team in 2004. He gained notoriety among internet users after looking into Phoneix Suns.

Robert Sarver’s Personal Life

In 1996, Robert Sarver wed Penny Sanders, a native of Kansas City, Missouri. The couple has three sons together and resides in Paradise Valley, Arizona.

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Robert Sarver’s Real Estate Fortune

Southwest Value Partners was established in 1990 by Robert Sarver and Millard Seldin. In 1995, the business bought San Diego’s Emerald Plaza. Emerald Plaza and two San Diego office buildings were sold by Southwest Value Partners to Triple Net Properties in 2004 for $274.5 million.


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