What is Adam Silver's Net Worth?
Name: Adam Silver
Born: April 26th, 1962
Adam Silver currently has a net worth of an estimated:
Adam Silver, who has worked for the NBA (National Basketball Association) for over 20 years, was unanimously selected by the NBA Board of Governors to succeed David Stern as the Commissioner of the League. Silver's first official day on the job was February 1st, 2014.
Silver, who was born on April 26th, 1962, graduated from Duke University in 1984. Silver decided to continue his education at the University of Chicago, where he earned his law degree in 1988.
Silver worked as a law clerk and a lawyer before joining the NBA in 1992. Prior to being named Commissioner, Silver filled the following positions with the league:
-special assistant to the Commissioner
-NBA Chief of Staff
-Senior Vice President of NBA Entertainment
-President of NBA Entertainment
-NBA Deputy Commissioner/Chief Operating Officer
Adam Silver served as David Stern's "right hand man" (deputy commissioner) for nearly eight years. Silver reportedly earned the admiration of owners during the 2011 lockout, as he helped to craft a deal that put the league's finances back in order. Silver is seen as most as being a capable and calm negotiator, which is in many ways the complete opposite of the more fiery David Stern.
David Stern has left the NBA in very good shape. The league's brand is in excellent shape, and there are a number of exceptional superstars (namely LeBron James and Kevin Durant) who are going to lead the NBA into the next decade.
One of Silver's biggest goals will likely be to make the league's 30 teams even more profitable through the continued expansion of league revenues and enhanced cost certainty. The league (or the players) will be able to opt out of the current collecting bargaining agreement after the 2016-17 season, and many people believe that Silver and the owners may push for a hard salary cap at that time.
David Stern was reportedly earning over $20 million per year in his last years as Commissioner. Silver likely won't earn that for now, but I would guess that his salary will be in the $7-$10 million/year range to start (just a wild guess as these numbers aren't generally made public).
As mentioned, Silver has been with the NBA for over 20 years and has done very well for himself - I'd be confident putting his current net worth in the $15-$20 million range.
Adam Silver is worth 194 times more than the median US household
If Adam Silver sold everything that they owned, they could fund the United States' deficit spending for 0 days.
Note: Net Worth changes calculated at 4 pm EST daily
The net worth pages are strictly for entertainment purposes only. The information on these pages is based on speculation and shouldn't be construed as being accurate in any way.