Donald Sterling, Billionaire Lawyer
and Real Estate Tycoon

Donald Sterling is an American entrepreneur and a real estate mogul, who began his career as a personal injury and divorce attorney. He is the owner of the Los Angeles Clippers of the National Basketball Association, which he acquired for $12.5 million in 1981. Forbes magazine valued the franchise at $575 million as of 2014, ranking it 8th out of 30 teams. The magazine currently ranks Sterling as the 328th richest person in the United States, with an estimated net worth of $1.9 billion. 

Sterling was born in the year 1933 in Chicago, Illinois. After finishing high school, he first joined California State University, LA, and later on attended the Southwestern University School of Law in Los Angeles. In 1961, he became a divorce and personal injury lawyer. Even though he had a successful career as a lawyer, his biggest ventures were in real estate.  He got a start in the real estate business when he bought a 26-unit apartment building in Beverly Hills.

Over the past few decades, Sterling has acquired thousands of apartments mostly in Los Angeles. He also owns a number of properties in Las Vegas, San Diego and Orange County. In late 2012, Sterling was ordered by a Los Angeles jury to pay a total of $17.3 million, after an actress known as Robyn Cohen filed a lawsuit after she lost her belongings to a fire at a West Hollywood apartment building that is owned by Sterling.

Sterling is married to Rochelle Stein, whom he married in the year 1957. The two have been blessed with 3 children: Chris, Joanna and Scott. Sterling and Stein also have several grandchildren. On 1st January 2013, their son Scott was found dead in his father’s Malibu apartment after a drug overdose. Sterling and his wife reside in Beverly Hills, California. 

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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)