Donald Sterling Net Worth is$1.5 Billion
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Profession: Lawyer
Date of Birth: 1936
Donald Sterling is a businessman, real estate mogul, and attorney, originally from Chicago with an estimated net worth of $1.5 billion dollars. Donald Sterling owns the NBA team The Los Angeles Clippers. While successful financially, he has been sued multiple times for sexual harassment and discrimination, and is known for heckling his own players during games.
Donald T. Sterling is an American real estate mogul, attorney, and the owner of the National Basketball Association's Los Angeles Clippers. Sterling acquired the Clippers in 1981 for $12.5 million, and as of the 2008 rankings, the team is valued at $297 million by Forbes magazine, ranking them twenty-fifth out of thirty teams.
Donald Tokowitz (legally added Sterling as his last name as an adult) was born in 1933 in Chicago, Illinois, but he and his family moved to the Boyle Heights area of Los Angeles, when he was two years old. His parents, Susan and Mickey, were Jewish immigrants. He attended Theodore Roosevelt High School in Los Angeles, where he was on the school's gymnastics team and served as class president; he graduated in 1952. He next attended California State University, Los Angeles (Class of 1956) and Southwestern University School of Law (Class of 1960) in Los Angeles. Starting in 1961, he began to make his career as a divorce and personal injury attorney, but he made his biggest ventures in real estate, which he began when he purchased a 26-unit apartment building in Beverly Hills.
He married the former Rochelle "Shelly" Stein, in 1957. They have three children and several grandchildren.
Sterling and Los Angeles Lakers majority owner Jerry Buss were indirectly responsible for each owning their respective NBA franchises. The first instance came in 1979, in which Buss used the money he made from selling a portion of his apartment buildings to Sterling (worth $2.7 million), which covered the remaining balance in purchasing the Lakers, the Kings hockey team, and the Los Angeles Forum from Jack Kent Cooke for $67 million. Two years later, Buss suggested to Sterling that he could purchase his own NBA franchise, and Sterling bought the struggling San Diego Clippers for $13.5 million. Unlike Buss' instant success with the Lakers (including winning an NBA championship in his first season as owner, 1979-80), Sterling and his Clippers struggled through m

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Donald Sterling Latest News

Donald Sterling’s Model Minority

Donald Sterling's affection for Koreans is the flip side of a deeply held, racist worldview: Alongside the "undesirable" minority groups, there is another that does everything right. Photo silhouette by Slate. Photo by Danny Moloshok/Reuters. There’s ...
Posted: May 6, 2014, 3:51 am

Highlights From Donald Sterling's Dirty Deposition

APRIL 28--In light of Donald Sterling’s recorded musings on matters of race, The Smoking Gun is revisiting a sworn deposition that the Los Angeles Clippers owner gave in 2003 in connection with a lawsuit he filed against a former mistress. Sterling and ...
Posted: April 28, 2014, 8:46 am

Donald Sterling abused son, is responsible for his OD death, friends say

Los Angeles Clippers owner Donald Sterling, before becoming a pariah, was an exhibitionist, a racist bully and a child abuser, according to a pair of family friends. “I think Donald is embarrassing and disgusting,” said Cheryl Bogart, whose family has ...
Posted: May 2, 2014, 7:29 am
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