Robert Sarver is an American businessman and the owner of the Phoenix Suns know all about him in this article as like his Family, Net Worth, Parents, Wife, Children, Education and Home.
|Birthdate ( Age)||31 October 1961|
|Place of Birth||Tucson, Arizona, United States|
|Spouse/Partner||Penny Sanders (m. 1996)|
|Children||Jake Sarver, Max Sarver, Zach Sarver|
|Parents||Irene and Jack Sarver|
|Education||University of Arizona|
|Net Worth||$800 Million|
|Last Update||May 2022|
Robert Sarver is an American businessman, co-founder of Southwest Value Partners, a real estate development company, and the owner of the Phoenix Suns, Phoenix Mercury, and RCD Mallorca. In 2021, Sarver and the Suns oversaw a $230 million renovation and expansion of Footprint Center .The renovations include ultra-modern amenities, premium seating options, themed bars, new suites, and additional social spaces.
Robert Sarver Family and Parents
Sarver was born in Tucson to Irene and Jack Sarver. Sarver is Jewish.His father was a prominent Tucson businessman, banker and hotel developer.Jack Sarver died of a heart attack in 1979; Robert Sarver would eventually donate funds to his alma mater, the University of Arizona’s heart research center, which in 1998 was renamed the Sarver Heart Center in honor of his father.
At age 16, he went to work for his father’s company, American Savings and Loan.Sarver is a 1979 graduate of Sabino High School in Tucson, and a 1982 graduate of University of Arizona with a bachelor’s degree in business administration.In 1983, Sarver became a certified public accountant.
Robert Sarver Wife
Robert Sarver married with wife Penny Sanders,a Kansas City, Missouri native; they have three sons: Max (b. 1997), Jake (b. 1999), and Zach (b. 2001).They live in Paradise Valley, Arizona.
Robert Sarver Net Worth
Robert Sarver is an American businessman and the owner of the Phoenix Suns has an estimated Net Worth around $800 Million in 2021.
Robert Sarver House
Robert and his family live in a new $14 million property in the Phoenix area. The property has almost everything you would want in a home which includes 12 courtyards and a 12-car garage. The best thing about the house is its backyard basketball playground which has a giant phoenix sun blue, gold and orange logo painted on the court.
In 1984, Sarver founded the National Bank of Tucson .In 1994, he sold the National Bank of Arizona, then the largest independent bank in the state, to Zions Bancorporation.In 1995, he acquired Grossmont Bank, one of San Diego’s largest community banks. Grossmont was also sold to Zions Bancorporation in 1997.In 1998, Sarver led Zions Bancorporation’s acquisition of Sumitomo Bank of California.In 2003, he became chairman of Western Alliance Bancorporation.
In 1990, Sarwar co-founded the real estate company Southwest Value Partners with Millard Seldin. In 1995, Southwest Value Partners purchased Emerald Plaza in San Diego. In 2004, their jointly owned real estate firm, Southwest Value Partners, sold Emerald Plaza and two other San Diego office buildings to the Santa Ana real estate firm, Triple Net Properties, for $274.5 million.
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. In 2004, he purchased the Suns for a then-record $401 million.
In 2021, Sarver and the Suns oversaw a $230 million renovation and expansion of Footprint Center .The renovations include ultra-modern amenities, premium seating options, themed bars, new suites, and additional social spaces. On top of the physical changes to the arena, there has been an overhaul to the game presentation including enhancements to sound lighting and video systems.The modernization also included significant changes to the arena’s infrastructure, creating one of the greenest stadiums is American sports.
There have been many controversies regarding Sarwar as the lord of the Sun. They have often been accused of being cheap as sons have gone to great lengths to avoid paying the luxury tax. He has dropped young players and draft picks including Luol Deng, Joe Johnson and Rajon Rondo to save money. He didn’t offer a rookie extension to Deandre Ayton, the first overall pick of 2018, after helping the Phoenix Suns to their first NBA Finals since 1993.
However he re-signed All-Star Chris Paul to a 4-year/$120 million contract in 2021 along with a 4-year/$90 million contract and Landry Schmett for a 4-year/$43 million contract. In 2018, Sarwar and the Sons re-signed Devin Booker to a 5-year/$158.25 million contract.
On November 4, 2021, Sarwar and the Phoenix Sons were the subject of a report on ESPN written by Baxter Holmes, which accused Sarwar and his members. Front-office of racism, misogyny and sexual harassment. The report was confirmed by more than seventy former and current employees, players and coaches of the Phoenix Suns. Sarwar and his legal team denied most of the allegations.