Rank #979
Donald Sterling
Net worth $4.4B
Real estate · United States
- Born
- Apr 26, 1934
- Age
- 92
- Source
- Real estate
- Residence
- Beverly Hills, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Bachelor of Arts/Science, California State Los Angeles; Doctor of Jurisprudence, Southwestern Law School
Net worth over time
Biography
- Donald Sterling, born Donald Tokowitz to Jewish immigrants, built a fortune largely by buying down-at-the-heels apartment buildings in Los Angeles.
- Sterling owned the Los Angeles Clippers for 33 years; his wife Shelly sold in 2014 after a tape of his racist remarks to his then-mistress surfaced.
- The Chicago-born billionaire bought the Clippers in 1981 for $12.5 million when the team was based in San Diego. It was sold for $2 billion.
- Besides a swath of apartments in L.A.'s Westside and Koreatown, he also owns the Beverly Hills Plaza Hotel.
- Before he purchased his first West Hollywood property, Sterling was a successful trial lawyer.
- In 2006, Sterling was sued by the Department of Justice on the charge of refusing to rent to African-Americans.
- Following Sterling's racist remarks. UCLA rejected his $3 million pledge to support basic kidney research at the school's division of nephrology.