Robert Sarver Net Worth is$400 Million
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Date of Birth: 1961
Nicknames: Robert Gary Sarver
Robert Sarver net worth: Robert Sarver is an American sports team owner and businessman who has a net worth of $400 million dollars. Robert Sarver was born in Tucson, Arizona, and went on to graduate from the University of Arizona with a degree in Business Administration. When he was twenty-three, he founded the National Bank of Arizona, formerly known as the National Bank of Tucson. He sold it 12 years later, after it had grown to become the largest independent bank in Arizona. A year later, he bought Grossmont Bank, the largest bank in the San Diego, California area. A big basketball fan, he purchased the Phoenix Suns in 2004, and also owns the WNBA's Phoenix Mercury. His tenure as a team owner has met with harsh criticism for his "penny-pinching" ways with regards to his handling of the team. In addition to overseeing his teams, he is also on the Board of Trustees of the Sarver Heart Center in Tucson.
Robert Sarver (born 1961 in Tucson, Arizona) is the current majority owner of the National Basketball Association franchise Phoenix Suns. He bought the NBA franchise from Jerry Colangelo in the spring of 2004. He is also the owner of the Women's National Basketball Association franchise Phoenix Mercury.


Sarver was born to a Jewish family in Tucson, the son of Irene and Jack Sarver. His father was a prominent Tucson businessman, banker and hotel developer (the elder Sarver built the Aztec Inn, the Plaza International Hotel (now a Four Points by Sheraton) at Speedway and Campbell in Tucson in the early 1970s, built and operated the Tucson area Howard Johnson's locations, and headed a local savings and loan). Jack Sarver died of a heart attack in 1979; Robert Sarver would eventually donate to his alma mater, the University of Arizona, funds to its heart research center, which in 1998 was renamed the Sarver Heart Center in honor of his father. Sarver is a 1979 graduate of Sabino High School in Tucson and a 1982 graduate of the University of Arizona with a bachelor's degree in business administration.
In 1982, Robert Sarver founded the National Bank of Arizona (then the National Bank of Tucson) at age 23 in 1984. He sold it to Zions Bancorporation in 1994. Prior to the sale, National Bank of Arizona had become the largest independent bank in the state. In 1995 he acquired Grossmont Bank, one of San Diego's largest community banks.
A lifelong sports fan, Sarver's quest to purchase an NBA team began with a conversation with University of Arizona basketball coach Lute Olson. Olson referred Sarver to Steve Kerr, a former player at Arizona and a 15-year NBA veteran, to assist him in buying an NBA franchise.
After buying the Phoenix Suns, Sarver has received criticism from the media and fans for his frugal approach to running the franchise. Particularly under scrutiny is his selling of numerous draft picks for cash, and his general aversion to going over th

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Robert Sarver Latest News

Robert Sarver withdraws from running to take over Rangers after £20m offer rejected

US financier Robert Sarver has announced that he has pulled out of takeover talks with Rangers. In a statement given to the Stock Exchange shortly after midday, Sarver said: 'I'm disappointed the Rangers board has rejected my revised offer, which addressed ...
Posted: January 12, 2015, 2:22 am

Here’s what I’m giving thanks for as Turkey Day approaches

Robert Sarver: I’m grateful we have the worst owner in all professional sports. This way, when the next Suns owner comes along, there will nowhere to go but up. Speaking of owners, there’s the new Tribune ownership: With the exception of crummy taste ...
Posted: November 23, 2016, 5:09 am

Phoenix Suns Franchise, Owner Robert Sarver Voted Worst in NBA

ESPN’s Annual Ultimate Standings rank all 122 major North American sports franchises on a variety of standards. The Phoenix Suns finished last in the NBA, and 120th overall. The rankings rip on the Phoenix Suns for everything – their best ranking is ...
Posted: October 20, 2016, 11:30 pm
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