Adam Silver Net Worth 2020, Biography, Education and Career.
Adam Silver Net Worth 2020 – You would not pick out Adam Silver from a crowd for any reason, judging by his physical attributes. The man, however, has made himself of global reckoning in the sports he never played but was fond of while he grew up in Rye, New York.
A corporate lawyer and legal luminary by profession, Adam Silver decided to swap the courtroom for the boardroom as he today has become the National Basketball Association (NBA) number one man – Commissioner of the NBA – having joined the league in 1992.
Adam Silver Net Worth
As of 2020, Adam Silver has an estimated net worth of $40 million. He has made most of his fortune with his career as a lawyer and working as existing Commissioner of NBA.
Initially, he functioned as law assistant and as a litigation subordinate in Cravath, Swaine, & Moore, identified as a law association in New York. But in the year 1992, his earnings increased when he initiated functioning for the NBA.
He initiated his career through the NBA as Special Assistant to the Commissioner, post he rose by ranks, turning as NBA Chief of Staff, post as Senior Vice President of Entertainment, and lastly as President of NBA Entertainment.
Moreover, he too stayed as a producer of many NBA-associated biopics and even specials, like the one “Michael Jordan to the Max.”
Silver was born in Rye, New York on April 25, 1962. He was born to parents Edward and Melba Silver into a Jewish-American family. Throughout his childhood years, he grew up in the suburb of Rye in Westchester County.
Additionally, he was the fan of New York Knicks growing up. Adam is of American nationality. Furthermore, there is no information available about his ethnic background at present. Adam has two brothers: Owen, Erik and two sisters, Emily and Ann.
Growing up, Silver attended Rye High School, in New York before proceeding for college at Duke University and graduated in 1984 with a Bachelor of Arts degree.
He started working in Capitol Hill for U.S. Congressman Les AuCoin as an office aide immediate after his graduation and quit after two to obtain a law degree – which he did in 1988 from the University of Chicago Law School.
Although a “subdued” basketball fan as he likes to describe his passion for the sports, he never really thought he will end up in basketball management (even though he was a die-hard New York Knicks fan as a child).
Before he found himself in the NBA, Adam Silver worked a corporate lawyer in New York. He worked with Cravath, Swaine & Moore as a litigation associate before serving Judge Kimba Wood, a US Federal judge, as a law clerk.
Silver joined the National Basketball Association (NBA) in 1992 and has since served in several positions as he progressed in the career.
He started off as special assistant to David Stern, who was the then-Commissioner of the NBA, then he became the association’s chief of staff before being promoted to senior vice president (and subsequently, president) and chief operating officer (COO) of NBA Entertainment.
In July 2006, Silver became NBA’s deputy commissioner and held the position for eight years.
He was, however, anointed by his boss, David Stern as his successor on October 25, 2012, when the latter made the announcement that he would retire in February 2014.
And three months on as Commissioner, Silver faced his biggest test yet at the helm. The media carried a report about the Los Angeles Clippers owner, Donald Sterling and his racist’s comments about individuals in the league.
The video was met with widespread condemnation from all, especially, from interests within the Association.
As all watched to see what the position of the NBA would be on the matter and how they would respond, Adam Silver struck a decisive blow. On April 29, 2014, he banned Sterling from associating with the NBA and all its concerns, for life.
He was also stopped from attending any games in any arena as well. Silver went ahead to impose a $2.5 million fine on the Clippers which would make that go down in history as the worst punishment meted out to a sports owner ever.
With this, his reputation grew like wildfire across the world of sports as a no-nonsense manager. He earned many plaudits for his bravery in taking a once and for all stance against all types of racism in basketball and world sports by extension.