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Robert Sarver is a businessman, co-founder of Southwest Value Partners, a real estate development company, and the RCD Mallorca, Phoenix Mercury, and Phoenix Suns.
He is a successful man who has always believed in himself even after facing several downfalls and controversies in life but never gave on to his work.
|Date Of Birth
|October 31, 1961
|Irene and Jack Sarver
|60 years old
|Max, Jake, and Zach
|$ 800 million
Robert Sarver Early Life
Robert Sarver was born to Irene and Jack Sarver in Tucson, Arizona, on October 31, 1961, and he belongs to a Jew family. Robert Sarver’s zodiac sign is Scorpio, and he is 60 years of age at present.
Jack was a well-known Tucson businessman, banker, and hotel developer (in the early 1970s, the elder Sarver built the Aztec Inn, the Plaza International Hotel (now an Aloft Hotel) at Speedway and Campbell in Tucson, built and operated the Tucson area Howard Johnson’s locations, and headed local savings and loan).
Jack died in 1979 due to a heart attack, and Robert would later donate money to his alma school, the University of Arizona’s heart research facility, which was renamed the Sarver Heart Center in his father’s honor in 1998.
Robert Sarvar started working for his father’s company, American Savings & Loan, when he was 16.
Robert received a degree of bachelor in business administration (BBA) from the University of Arizona in 1982 after graduating from Tucson’s Sabino High School in 1979. In 1983, Robert Sarver became a certified public accountant.
Robert Sarver Career
According to Tucson Citizen, Robert Sarvar launched the National Bank of Tucson in 1984. Later, he expanded statewide and changed the name to the National Bank of Arizona.
In 1994, Robert Sarvar sold the National Bank of Arizona to Zions Bancorporation, the state’s largest independent bank at the time. Robert bought Grossmont Bank, one of San Diego’s major community banks, in 1995.
In 1997, Zions Bancorporation purchased Grossmont. Robert Sarvar oversaw Zions Bancorporation’s purchase of Sumitomo Bank of California in 1998. He was named chairman of Western Alliance Bancorporation in 2003.
Robert Sarvar and Millard Seldin co-founded the real estate firm Southwest Value Partners in 1990. Southwest Value Partners bought the Emerald Plaza in San Diego in 1995.
His jointly owned real estate firm, Southwest Value Partners, sold the Emerald Plaza and two additional San Diego office buildings to Triple Net Properties of Santa Ana for $274.5 million in 2004.
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In 2004, Robert Sarvar paid $401 million for the Phoenix Suns. Following his purchase of the team, Robert Sarvar made extensive upgrades to the arena’s infrastructure, resulting in one of the most environmentally-friendly stadiums in American sports.
The Suns have reached the NBA finals for the first time since 1993. However, despite outstanding performance from their young core, the Suns were defeated 4-2 by the Bucks.
The Suns, established by Robert Sarver, general manager James Jones, and coach Monty Williams, have quickly developed into one of the NBA’s strongest franchises.
In 2004, Robert Sarvar also bought the Phoenix Mercury, a Women’s National Basketball Association (WNBA) team. The Mercury was one of the original eight clubs formed when the WNBA was founded in 1997.
They are presently one of just three teams left in the current 12-team league (along with the New York Liberty and Los Angeles Sparks).
Furthermore, just five of the current WNBA’s twelve teams have the same majority owner as their NBA counterparts (Indiana Fever, Minnesota Lynx, New York Liberty, Phoenix Mercury, & Washington Mystics).
The Mercury have won three WNBA championships (2007, 2009, and 2014) and four conference crowns under his ownership, including the 2020-2021 season (2007, 2009, 2014, 2021)
Robert Sarvar offered £20 million for control of the Scottish football club Rangers Football Club in January 2015, after a proposal of £18 million had been rejected a few weeks before. His second offer was likewise turned down, and he gave up his attempt to purchase Rangers.
Finally, however, Robert Sarvar paid €20 million to buy the RCD Mallorca football team in the Spanish second division.
Robert Sarver Personal Life
Robert Sarvar was married to Penny Sanders in 1996, and she is a Kansas City, Missouri native. They together have three sons: Max, Jake, and Zach. Max was born in 1997, Jake in 1999, and Max in 2001. They reside in Paradise Valley, Arizona.
What Is Robert Sarver Net Worth?
There is presently no information on his earnings available. However, based on our analysis, his estimated net worth is around $ 800 million or could be a bit above.
Nonetheless, Robert Sarvar is a successful business, which means he might make a stronger income for his living than ordinary people.
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Robert Sarver Social Media
Robert Sarvar doesn’t look active on social media platforms like Facebook, Instagram, and Twitter. Perhaps, he could be using at least one of those sites to connect with his people but with some other username.