Robert Sarver is a 60-year-old American businessman, co-founder of the real estate development firm Southwest Value Partners. He also owns two professional basketball teams, the Phoenix Suns, the Phoenix Mercury, and the Spanish soccer team RCD Mallorca. As of 2021, Robert Sarver's net worth is estimated to be around $800 million.
| Full Name | Robert Sarver |
| Birth Date | October 31, 1961 |
| Birth Place | Tucson, Arizona, United States |
| Profession | Businessman |
| Wife | Penny Sanders |
| Net Worth | $800 million |
Early life
Robert Sarver was born on October 31, 1961 in Tucson, Arizona, in the United States. He was born to his parents Jack and Irene Sarver. His father was a Tucson banker, hotel developer and prominent businessman who died of a heart attack in 1979.
Robert graduated from Sabino High School in 1979 and enrolled at the University of Arizona, graduating in 1982. In 1983 he also became an auditor.
Net worth and career of Robert Sarver
Robert began working for his father’s American Savings and Loan at the age of 16. Then, in 1984, he founded the National Bank of Tucson. He later expanded the bank’s operations statewide and changed its name to National Bank of Arizona. After running the bank for ten years, he sold it to Zions Bancorporation in 1994.
Robert co-founded the real estate firm Southwest Value Partners with Millard Seldin in 1990. In 1995, the company purchased a building called Emerald Plaza in San Diego. Emerald Plaza and two other office buildings were sold by his Santa Ana real estate company in 2004. In the same year, he purchased the Phoenix Suns professional basketball team for $401 million.
The Suns reached the NBA Finals for the first time since 1993 in the 2020-2021 season, but the team failed to win after losing 42 to the Milwaukee Bucks. In 2004, they purchased the Phoenix Mercury WNBA team. The women’s basketball team has also reached the finals of the 2020-2021 season. January 2016 for which he bought the RCD Mallorca football club.
Personal Life
Robert Sarver is married to a woman named Penny Sanders. He married Penny in 1996. The couple first met in 1991. Together they have three sons named Maax, Zach, and Jake. Robert and his Penny are involved in various charity events. Donated to the Cardiology Center since 1998.
Robert recently made headlines when he was accused of creating a hostile and toxic work environment in his team for 17 years. He has also been accused of making racist comments and creating a misogynistic environment that discourages the women of the WNBA Mercury team.
Robert has also been accused of unwelcome interference with his coaches, but he clearly denied all charges in a statement released nearly two weeks ago. He and the Phoenix Suns are currently under investigation by the NBA for promoting a misogynistic environment.
Robert Sarver net worth
As of 2021, Robert Sarver’s personal fortune is estimated to be around $800 million. In 2004, he bought the Phoenix Suns for $400 million, and the team is currently worth around $1.55 billion.