David Stern was a famous American lawyer, businessman, and professional sports executive who owned a net worth of $135 million. He is best known for being the former commissioner of the National Basketball Association (NBA).
Keep on reading to learn more about David Stern. Also, find how he managed his career and business to become an owner of such vast wealth. Furthermore, explore some facts, such as his biography, early life, cause of death, and many more.
How much money did David Stern make?
David Stern earned a maximum of his money from his NBA career. In his long 30 years of NBA career, his average yearly Income was estimated at around 20 million dollars.
Based on the estimation, his Income is listed below in a periodic format:
- Yearly Income: $20 million
- Monthly Income: $1.67 million
- Weekly Income: $384.6 thousand
- Daily Income: $54.8 thousand
- Hourly Income: $2.28 thousand
How did David Stern make money?
David Stern was a New York lawyer and NBA commissioner at a time. During his career in the NBA, he saw his company become the world’s most famous sports association. All his activities are listed below:
- National Baseball Association (NBA) Career
Working as a Lawyer
After graduation from Columbia University’s Law School, he joined the law firm of Proskauer Rose. Besides, this law firm has collaborated with the National Basketball Association. During Robertson versus NBA, David Stern was the one to represent NBA from the law firm.
Working in the National Baseball Association (NBA)
In 1978, David Stern left the firm and joined the National Association’s general counsel. In addition, he joined the NBA’s council under Larry O’Brien, former commissioner of the NBA.
The commissioner of the NBA, Larry O’Brien, promoted David Stern to the rank of NBA’s executive vice president. In this way, he gained the responsibility of marketing, public relation, and advertising for the NBA.
Later in 1984, David Stern became the commissioner of the NBA. He started making the company’s marketing sector stronger. David Stern signed a contract with Nike. The contact was able to bring huge attention.
From 1995 to 2004, David Stern vastly expanded the NBA to Canada. In 2005, he also applied a whole new dress code for the NBA players, such as players cannot wear headphones, chains, t-shirts, sleeveless shirts, indoor sunglasses in public, etc. Some years later, David Stern got credits for spreading style trends into NBA stars.
David Stern declared that he would retire from commissioner rank in 2012. In 2014, he took full retirement from the National Basketball Association, but he was still in the NBA as an emeritus commissioner.
Biography of David Stern
|Full Name||David Joel Stern|
|Professional Name||David Stern|
|Date of Birth||22 September 1942|
|Place of Birth||Manhattan, New York City, United States|
|Date of Death||1 January 2020|
|Place of Death||Manhattan, New York City, United States|
|Height||5 feet 9 inch|
|Wife Name||Dianne Back|
|Profession||Businessman executive, Lawyer|
|Net Worth||$135 million|
The early life of David Stern
On 22 September 1942, David Stern was born in Manhattan, New York City, United States. Though his birthplace is New York, he spent his childhood in Teaneck, New Jersey. In addition, David was born into a Jewish family.
David Stern’s father, William Stern (1918 – 1980), had a Jewish delicatessen located in Manhattan’s neighborhood, Chelsea. On the other hand, his mother, Anna (1918 – 1990), was a homemaker. In addition, David Stern had two siblings.
David Stern was a massive fan of the New York Knicks, and he considered Carl Braun, a hero. Moreover, David Stern took part in games with his father at Madison Square Garden.
Furthermore, David Stern played basketball for a while during his adulthood. But later, he stopped playing after having a severe right knee injury while playing at a New York Lawyers League game.
David Stern completed his high school at Teaneck High School. Later, he started going to Rutgers University and completed his graduation in History in 1963. Additionally, in 1966, David Stern received a J.D. from Columbia University’s Law School.
Death of David Stern
On 12 December 2019, David had several surgeries because of a brain hemorrhage. Later on 1 January 2020, at the age of 77, he died in Manhattan. The 2019 – 20 season’s NBA teams wore black bands on their jerseys in remembrance of David Stern.
David Stern spent almost 30 years, from 1984 to 2014, at the National Basketball Association as an executive. During his career, he led 6 teams, where Charlotte’s the New Orleans Hornets was one of the teams.
Former sports commissioner of the National Basketball Association (NBA), David Stern, worked as an executive for 30 years. He died on 1 January 2020 at the age of 77. After David Stern’s death in February, Adam Silver became the next commissioner of the NBA.
David Stern was the Commissioner of the National Basketball Association (NBA). Moreover, he has a long 30 years of history with the NBA. So, for giving an extended service to the organization, David Stern was inducted in 2014 to the Naismith Memorial Basketball Hall of Fame.
- https://careers.nba.com/executive/david-stern/ — David Stern NBA Career
- https://www.crunchbase.com/person/david-stern-3 — David Stern Crunchbase Professional Information
- https://www.bloomberg.com/profile/person/5659254 — David Stern Bloomberg Personal Profile
- https://www.imdb.com/name/nm0827668/ — David Stern IMDb
- https://www.nba.com/news/david-stern-passes-away-77 — David Stern Death News NBA