Adan silver Net Worth : $40 million. Adam Silver is an American Businessman, sports executive, and lawyer with a net worth of $40 million. He is the current National Basketball Association(NBA) commissioner.
On April 25, 1962, Adam silver was born and raised in Rue, New York, by Edward Silver and Melba Silver. Edward’s father was a lawyer and senior partner at Proskauer Rose and specialized in labor law.
He had an interest in New York Knicks at a very young age. He attended Rye High School and graduated in 1980, after which he enrolled at Duke University.
In 1984, he graduated with a Bachelor’s Degree of Arts in political science. he worked as a Legislative aid in the U.S House of Representatives, after which he attended the University of Chicago Law School and graduated with a J.D degree in the year 1988.
Silver worked for Judge Kimba Wood of the U.S. District Court for the Southern District of New York as a clerk, after which he worked as an associate in the law firm Cravath, Swaine, and Moore.
Adam Silver Net Worth, & career
|Net Worth:||$40 Million|
|Date of Birth:||Apr 25, 1962 (60 years old)|
|Place of Birth:||New York City|
|Height:||6 ft 2 in (1.9 m)|
|Profession:||Film Producer, Businessperson, Television producer, Lawyer, Commissioner of the NBA|
|Nationality:||United States of America|
In 1992, Silver joined the NBA, where he was the Deputy Commissioner and Chief Operating Officer for eight years. The position gave him the opportunity to be part of the negotiation of the league’s last three collective bargaining agreements with the National Basketball Players Association, the development of the WNBA league, the development of the NBA Development League, the creation of NBA China, and the partnership with Turner Broadcasting for them to manage the NBA’s digital assets.
He also had the opportunity to hold the positions of Senior VP & COO of NBA Entertainment, NBA Chief of Staff, and Special Assistant to the Commissioner. With NBA Entertainment, he served as executive producer on the following;
- IMAX movie “Michael Jordan to the Max.”
- The documentary “Whatever Happened to Michael Ray?” (2000),
- The film “Like Mike” (2002)
David Stern, the NBA Commissioner in 2012, endorsed Silver as the next NBA commissioner after announcing he would resign on February 1, 2014.
So, in 2014, Adam Silver succeeded David Stern in becoming the NBA commissioner. As he resumed office, he had his first test where he had to handle the racist remarks the owner of the Donald Sterling clippers made.
Clippers made racist comments to his girlfriend, which was caught on tape, after which Silver and the NBA banned Sterling from NBA events for life and forced him to sell the team, which was a great punishment for the owner of a sports team.
Silver solved other incidents like a tweet by the General Manager of Houston Rockets, Darl Morey, who favored the Hong Kong protests. The tweet caused an issue between the NBA and China, and China decided to cut ties with NBA. Silver ruled in support of Morey, saying he had freedom of speech and the right to express himself.
Silver has been recognized gravely and won many awards in the sports industry. In 2015, Sports Business Journal named him Executive of the year, one of Time’s 100 Most Influential People, and one of Fortune’s 50 Greatest Leaders that year.
In 2016, Sports Business Journal ranked him no.1 on their list of 50 most influential people in sports.
In 2015, Silver got married to his wife, Maggie. They gave birth to two daughters. He is on the Board of Trustees for Duke University and won the 2016 Distinguished Alumnus Award from the University of Chicago Law School. He is also on the board of the Lustgarten Pancreatic Cancer Foundation.
Salary and Contract
Adam Silver’s salary for the year amounts to $10 million. In June of 2018, the NBA extended the contract of Adam Silber to the 2023-2024 seasons. At the end of the agreement, he’ll have made a total of 100 million dollars in wages as a player for the league. There are also likely rewards for achieving certain milestones and goals for revenue or expansion.
As of December 20, 2022, Adam Silver has a net worth of $40,000. His position as an NBA commissioner has helped him become extremely wealthy. But Silver is much more concerned with the revenues the NBA generates.
In addition, he ensures that his team owners and players are on good terms with one another and that they have their points of view aligned. Silver is highly respected in the world of sports and is one of the primary reasons this NBA is as popular as it is now.