David Stern Net Worth

David Stern Net Worth : $50 Million

David Stern is an attorney from the United States who made his fortunes as the commissioner of the NBA from the year 1984 onward. Many of his ideas resulted in the league becoming as large and successful as it is today(as well as making him quite wealthy). He was born on September 22nd 1942 and went on to study History at Rutgers and Law at Columbia before working his way into the league.

He earned a salary of a whopping $20,ooo,ooo per year until he ended his tenure as commissioner in February 2014. In addition to making the NBA more popular he was the genius behind its spin-offs such as the WNBA (for women) and the Development League (for children). The implementation of mandatory drug testing and its positive impact on the NBA can also be traced back to him.

As a means of giving back, he helped found “NBA Cares”, a charitable organization that supports community based programs that encourage education, wellness and other positive themes both in America and Internationally. He has received countless award for his contributions to the field of business as well as the advancement of minorities.His net worth is estimated at over Fifty million dollars.

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)