Robert Sarver is an American sports team owner and businessman who has a net worth of $800 million dollars. After earning a fortune by starting several banks, he became well-known for owning the NBA’s Phoenix Suns.
Robert Sarver was born in Tucson, Arizona on October 31, 1961. He graduated from the University of Arizona with a degree in Business Administration. When he was twenty-three, he founded the National Bank of Arizona, formerly known as the National Bank of Tucson. He sold it 12 years later, after it had grown to become the largest independent bank in Arizona. A year later, he bought Grossmont Bank, the largest bank in the San Diego, California area.
Sports Ownership
A lifelong basketball fan, Robert purchased the Phoenix Suns with a group of investors in 2004 for $400 million. Today the team is worth an estimated $1.55 billion. He also owns the WNBA’s Phoenix Mercury.
His tenure as a team owner has met with harsh criticism for his “penny-pinching” ways with regards to his handling of the team. In addition to overseeing his teams, he is also on the Board of Trustees of the Sarver Heart Center in Tucson.
| Net Worth: | $800 Million |
| Date of Birth: | 1961-10-31 |
| Gender: | Male |