David Stern, born on September 22, 1942, in New York City, began his career in the sports industry at a young age. After graduating from Columbia University with a law degree, Stern secured a job with the American Basketball Association (ABA) in 1967. His role as the league’s general counsel allowed him to gain valuable experience in the basketball world, setting the stage for his future endeavors.

In 1978, Stern took a significant leap in his career when he was hired as the executive vice president of the National Basketball Association (NBA). His hard work, strategic thinking, and innovative ideas quickly caught the attention of the league’s commissioner, Larry O’Brien. Just four years later, in 1984, Stern was appointed as the new commissioner of the NBA, a position he would hold for the next three decades, transforming the league into a global phenomenon.

David Stern’s Current Net Worth

As of 2025, David Stern’s current net worth is estimated to be around $250 million, according to the latest available information.

Career

David Stern served as the Commissioner of the National Basketball Association (NBA) from 1984 to 2014, a tenure of 30 years. He played a pivotal role in growing the NBA into a global phenomenon, expanding its reach to over 200 countries and increasing its annual revenue from $80 million to $5 billion during his time as commissioner.

Other Ventures

After retiring from the NBA, Stern has been involved in several other ventures. He co-founded the International Basketball League (IBL) in 2017, which aims to provide high-level basketball opportunities for players around the world. He also serves on the board of directors for several companies, including Square and Ultimate Software.

Assets

Stern’s assets include a luxurious estate in Greenwich, Connecticut, valued at around $10 million. He also owns a penthouse in New York City, as well as several other properties across the United States. His extensive art collection, which includes works by renowned artists like Andy Warhol and Roy Lichtenstein, is also a significant part of his wealth.

Annual Income

While the exact figure of David Stern’s annual income is not publicly disclosed, it is estimated to be in the range of $10 to $20 million per year. This includes his earnings from his role as an advisor to the NBA, his investments, and his board seats at various companies.

Frequently Asked Questions about  David Stern

Frequently Asked Questions about David Stern Net Worth

1. What is David Stern’s net worth?

David Stern’s net worth is estimated to be around $2 billion.

2. How did David Stern make his money?

David Stern made his fortune primarily through his career as a lawyer and as the longest-serving commissioner of the National Basketball Association (NBA).

3. When did David Stern become the NBA commissioner?

David Stern became the NBA commissioner in 1984 and held the position until 2014.

4. What are some of David Stern’s notable achievements as NBA commissioner?

Some of David Stern’s notable achievements include expanding the NBA globally, implementing the three-point line, and increasing the NBA’s revenue significantly during his tenure.

5. How tall is David Stern?

David Stern is 5 feet 10 inches (178 cm) tall.

6. When was David Stern born?

David Stern was born on September 22, 1942.

7. Where did David Stern grow up?

David Stern grew up in the New York City borough of Queens.

8. What is David Stern’s educational background?

David Stern graduated from Rutgers University and later earned his law degree from Columbia Law School.

9. What are some of David Stern’s philanthropic efforts?

David Stern has been involved in various philanthropic efforts, including supporting the Robin Hood Foundation and the Jewish Federation of North America.

10. What is David Stern’s current role in the NBA?

After retiring as commissioner, David Stern serves as the NBA’s Chief Business Officer and is also the chairman of the NBA China and NBA India boards of directors.