Robert Sarver Net Worth: What does Robert Sarver do for a living?

Robert Sarver is a 60-year-old American businessman who co-founded Southwest Value Partners, a real estate development firm. He also owns two professional basketball teams, the Phoenix Suns and the Phoenix Mercury, as well as RCD Mallorca, a Spanish football club.

Robert Sarver Biography

Robert Sarver was born in Tucson, Arizona on October 31, 1961 to Irene and Jack Sarver. He grew up in a business family, as his father was a prominent Tucson businessman who owned the Plaza International Hotel and the Aztec Inn Tucson at Speedway and Campbell.

Robert Sarver Net Worth

His father was also a hotel developer and banker before passing away in 1979 from a heart attack.

Robert attended Sabino High School to complete his education before attending the University of Arizona and graduating in 1982 with a degree in business administration. Because of his degree, he was a public accountant in 1983.

Name Robert Sarver
Birthdate ( Age) 31 October 1961
Place of Birth Tucson, Arizona, United States
Nationality American
Marital Status  Married
Spouse/Partner Penny Sanders (m. 1996)
Children Jake Sarver, Max Sarver, Zach Sarver
Parents Irene and Jack Sarver
Education University of Arizona

Robert Sarver’s Net Worth?

According to celebritynetworth, Robert Sarver is a wealthy American businessman with an estimated net worth of $800 million. He owns the Phoenix Mercury, RCD Mallorca, and an American sports team. For sexual harassment and racism, he was recently suspended for a year and fined $10 million.

He is well-known for owning Southwest Value Partners, a real estate development firm. Robert Sarver’s successful business life has won him many fans. Robert Sarver is now well-known as a result of his research into phoenix suns.

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That’s why many people want to know the net worth of Robert Sarver. However, his total worth is $800 million. This article will go over the Phoenix Suns’ bio, education, career, net worth, business, and investigation. Examine it out.

Robert Sarver’s Net Worth Has Increased Over the Years

Net Worth in 2022 $800 Million
Net Worth in 2021 $760 Million
Net Worth in 2020 $700 Million
Net Worth in 2019 $660 Million
Net Worth in 2018 $640 Million

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Robert Sarver Career

Robert Sarver Net Worth

Robert began his career in 1984 by establishing a national bank in Tucson, which was later renamed the National Bank of Arizona and in the state.

He sold it to Zions Bancorporation, the largest independent bank, in 1994. Then he established Grossmont Bank, San Diego’s largest community bank, which he sold in 1977. He worked in the banking industry until 2003.

Apart from the bank, he was also involved in other businesses such as real estate, having founded Southwest Value with his partners in 1995. He also put his money into other ventures such as an NBA team, the Verizon 5G Performance Center, the WNBA Phoenix Mercury, and so on.

In 2022, he made a $230 million investment to help expand the Footprint Center.

In 2004, he also purchased the WNBA team and the Phoneix Suns, who are currently the NBA Finals 2021 champions. He rose to prominence among netizens as a result of his investigation into Phoneix suns.

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Personal Life

Robert Sarver has a wife named Penny Sanders. He got married to Penny in 1996. The couple first met in 1991. They have three children named Maax, Zach, and Jake. Robert and Penny are involved in a variety of charitable activities. Since 1998, they have been donating to the Heart Center.

Robert has recently made headlines after being accused of cultivating a hostile and toxic work environment within his team for 17 years. He is also accused of making racially insensitive comments and creating a misogynistic environment that discourages women from joining the WNBA team, Mercury.

Robert is also accused of interfering with his coaches, but in a statement released nearly two weeks ago, he categorically denied all of the allegations. The NBA is currently looking into him and the Phoenix Suns for creating a misogynistic environment.

Summary

Robert Sarver’s net worth is $800 million as of 2022, with an annual salary of $25 million. Robert Sarver earned $ 8,000 per week, $32,000 per month, and $ 4,000,000 per year during his career. With a $400 million investment, his Phoenix Suns team is valued at $1.55 billion.

Frequently Asked Questions

How much money does Robert Sarver have?
The net worth of Robert server is estimated to be around $800 million.

What is Robert Sarver’s annual salary?
According to various sources, his annual income will be $25 million in 2022. His main source of income is from his business ventures, investments, and collaborations.

What does Robert Sarver do for a living?
Robert is an American businessman who owns the Phoenix Mercury, RCD Mallorca, and an American sports team. He rose to prominence as a wealthy businessman who owns a real estate development company.