Robert Gary Sarver is an American businessman who co-founded the real estate development firm Southwest Value Partners, owns the RCD Mallorca La Liga Spanish football team and was once the owner of the Phoenix Suns NBA franchise and Phoenix Mercury WNBA team. Robert Gary Sarver was born on October 31, 1961.
Robert Sarver Net worth
A sports team owner and businessman from the United States named Robert Sarver 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.
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.
There have been rumors of many groups allegedly interested in purchasing the Suns for months. For instance, Shaq and Jeff Bezos were reportedly the front-runners at one point. Then, according to another rumor, Disney CEO Bob Iger was nearing a deal. Robert agreed to sell the Suns for $4 billion to a group of investors led by Mat Ishbia in December 2022.
Check out these further articles about other celebrities’ wealth:
- Henry Kissinger Net Worth: A Successful History That Will Change The Game!
- Pauly Shore Net Worth: How Much the American Actor Earn?
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.
For more about the celebrities stay tuned to our site California Examiner.