David Stern Net Worth 2020,Professional Career and Net Worth
David Stern Net Worth – David Stern is the former commissioner of the National Basketball Association (NBA) who started as an outside counsel, joined the NBA in 1978 as General Counsel and later became the league’s Executive Vice President.
He became Commissioner in 1984 and is often credited for increasing the popularity of the NBA.
David Stern Net Worth
David Stern is an American lawyer and professional sports commissioner who has a net worth of $135 million. David Stern was born on September 22, 1942 in Manhattan, New York. He is most widely known for being the former Commissioner of the National Basketball Association.
David is widely considered responsible for dramatically increasing the popularity of basketball over the course of his tenure. He became Commissioner in 1984 and retired from the position in 204.
David also serves on the Board of Trustees for Columbia University. Over his 30 year tenure as commissioner, Stern transformed the National Basketball Association into a hugely popular global sensation and profit engine.
During the 1982-83 season, the NBA’s total revenues were a paltry $118 million. In 2013, league revenues topped $5 billion. In 2016, league revenues topped $8 billion. Back in 1983, the Sacramento Kings sold for $10.5 million, in May 2013, the same team sold for $534 million.
When Stern took over, the NBA playoffs were on only shown on tape delay (of course there also was no internet to spoil the outcome). Today nearly every game is televised live in 215 countries.
Stern is also famous for dealing with several NBA lockouts when the league and its players could not agree on salary compromises. David is married to Dianne Bock Stern and together they live in Scarsdale, New York with their two sons.
Stern announced his retirement from the NBA on February 1st, 2014. He was succeeded by protoge Adam Silver. Stern was elected to the Naismaith Memorial Basketball Hall of Fame on February 14, 2014.