|Net Worth:||$40 Million|
|Date of Birth:||April 25, 1962 (61 years old)|
|Height:||6 ft 2 in (1.9 m)|
|Profession:||Film Producer, Businessperson, Television producer, Lawyer, Commissioner of the NBA|
|Nationality:||United States of America|
What is Adam Silver’s Net Worth?
Adam Silver is an American entrepreneur, lawyer, and sports executive who has a net worth of $40 million. Adam Silver is the fifth and the present commissioner of the National Basketball Association (NBA).
Adam Silver was born in Rye, New York, a suburb of New York City, on April 25, 1962. He continued his schooling at Duke University, majoring in political science, after graduating from Rye High School in 1980.
He worked as Les AuCoin’s legislative assistant for a year after receiving his undergraduate degree in 1984. AuCoin was a member of the US House of Representatives. After that, he proceeded to the University of Chicago Law School, where he eventually graduated in 1988 with a J.D.
After graduating from law school, Silver was employed as a clerk by Judge Kimba Wood of the U.S. District Court for the Southern District of New York. Then, as an associate, he joined the legal company Cravath, Swaine & Moore.
Silver started working for the NBA as its Deputy Commissioner and Chief Operating Officer in 1992, beginning an eight-year employment. In that role, he worked on initiatives including the WNBA league’s development, the NBA Development League, NBA China, and the collaboration with Turner Broadcasting to have them take care of the NBA’s digital assets.
Additionally, he participated in the discussions that led to the last three collective bargaining agreements between the league and the National Basketball Players Association. He also held the positions of Chief of Staff for the NBA, Senior Vice President and COO of NBA Entertainment, and Special Assistant to the Commissioner.
While working for NBA Entertainment, Silver executive produced the movies “Like Mike” (2002), “Year of the Yao,” the documentary “Whatever Happened to Michael Ray?,” and the IMAX feature “Michael Jordan to the Max.”
David Stern, the current commissioner of the NBA, supported Adam Silver to succeed him after he stated he would step down from his position on February 1 of 2014. Adam Silver assumed his new role in October 2012.
The racist remarks made by Clippers owner Donald Sterling forced Adam Silver to deal with his first serious hurdle as league commissioner before the end of April 2014. Sterling was caught on camera saying some really offensive things to his girlfriend.
After the recording was made public, Silver and the NBA swiftly announced that Sterling would no longer be permitted to attend any NBA events. Silver and the NBA also stated that they would take whatever steps were required to force Silver to sell the team.
This was among the heaviest penalties ever imposed on the owner of a major sports organization. Daryl Morey’s tweet from 2019 supporting the protesters in Hong Kong is one of the several notable incidents that Silver handled while serving as commissioner.
The tweet sparked debates on politics and the NBA’s relationship with China. China’s response to Morey’s article was negative and gave some indication that they would decide to break off their relationship with the NBA.
In contrast, Silver reacted in Morey’s favor and asserted that he had the freedom of expression and the right to express himself.
Silver had received various honors and awards from the sports industry. He came in #1 on the 2016 list of the 50 Most Influential People in the Sports Business published by Sports Business Journal.
In addition to being named Executive of the Year by Sports Business Journal, he was also named to Time’s list of the 100 Most Influential People and Fortune’s list of the 50 Greatest Leaders in 2015. He was named Executive of the Year in Sports Illustrated’s 2014 honors.
Silver and his wife, Maggie got hitched in 2015 and as a result of that, they had a daughter. He received the University of Chicago Law School’s 2016 Distinguished Alumnus Award in addition to his position on the board of trustees at Duke University. The Lustgarten Foundation for Pancreatic Cancer also counts him as a board member.
Silver receives an annual salary of $10 million. In order to cover the 2023–2024 season, Adam Silver’s NBA contract was extended in June 2018. By the end of that contract, the league will have paid him a salary of exactly $100 million. He most likely gets bonuses as well for hitting certain targets for revenue and growth.
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