(Celebrity Net Worth) David Stern net worth and salary: David Stern was an American lawyer and professional sports commissioner who had a net worth of $135 million at the time of his death. David Stern died on January 1st, 2020 at the age of 77. 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.
David Stern was born on September 22, 1942 in Manhattan, New York. He became Commissioner in 1984 and retired from the position in 2014. David also served 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.
Stern announced his retirement from the NBA on February 1st, 2014. He was succeeded by protege Adam Silver. Stern was elected to the Naismaith Memorial Basketball Hall of Fame on February 14, 2014.
David was married to Dianne Bock Stern from 1963 until his death in 2020. They lived in Scarsdale, New York and have two sons.
David Stern Salary
What was David Stern's annual salary when he served as commissioner of the NBA? $20 million
