David Stern Net Worth

Introduction:

David Stern Net Worth, How did the late American lawyer and sports commissioner attain his wealth? Find out more interesting facts about David Stern Net Worth and his career.

David Stern Early Life

He was an American lawyer and professional sports commissioner. . David Stern is most widely known for being the former Commissioner of the National Basketball Association. He is widely considered responsible for dramatically increasing the popularity of basketball over the course of his tenure.

David was married to Dianne Bock Stern from 1963 until his death in 2020. They lived in Scarsdale, New York and have two sons.

David Stern Career

David Joel Stern was born in New York on 22 September 1942 and he died on January 1st, 2020 at the age of 77. He became Commissioner in 1984 and retired from the position in 2014. He also served on the Board of Trustees for Columbia University. 

Over his 30 year tenure as commissioner, Stern transformed the National Basketball Association into a hugely popular global sensation and profit engine. During the 1982-83 season, the NBA’s total revenues were a paltry $118 million. 

In 2013, league revenues topped $5 billion. In 2016, league revenues topped $8 billion. Back in 1983, the Sacramento Kings sold for $10.5 million, in May 2013, the same team sold for $534 million. 

When Stern took over, the NBA playoffs were only shown on tape delay (of course there also was no internet to spoil the outcome). Today nearly every game is televised live in 215 countries. 

He is also famous for dealing with several NBA lockouts when the league and its players could not agree on salary compromises.

On February 1st, 2014, Stern announced his retirement from the NBA. He was succeeded by protege Adam Silver. Stern was elected to the Naismith Memorial Basketball Hall of Fame on February 14, 2014.

David Stern Net Worth

David Stern Net Worth as at the time of his death was $135 Million while his salary was $20 Million. David Stern Net Worth was accumulated from his career as a lawyer and sports commissioner.

Summary:

David Joel Stern was an American lawyer and professional sports commissioner who  is most widely known for being the former Commissioner of the National Basketball Association.

He became Commissioner in 1984 and retired from the position in 2014.

As of 2020, David Stern’s net worth is $135 Million.