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Adam Silver is one of the most influential and respected figures in the world of sports and business. He is the fifth and current commissioner of the National Basketball Association (NBA), a position he has held since 2014. In this article, we will explore his salary, net worth, career, education, political views, partner, family, and other interesting facts about his life and achievements.
Salary and Net Worth
According to trusted sources, including Forbes and Celebrity Net Worth, Adam Silver’s net worth is estimated to be around $50 million as of 2023. His primary source of income is his salary as the commissioner of the NBA, which is reportedly around $10 million per year. He also owns a small stake in the NBA’s ownership group.
Silver’s net worth has increased significantly since he became the commissioner of the NBA, as he has overseen a period of unprecedented growth and expansion for the league. Under his leadership, the NBA has secured lucrative broadcast rights deals, corporate sponsorships, and international partnerships, especially in China. He has also been praised for his progressive and innovative approach to addressing social issues, such as racial justice, mental health, and sports betting.
Career
Silver joined the NBA in 1992 as a special assistant to then-commissioner David Stern. He rose through the ranks of the league, holding various positions such as chief of staff, senior vice president and COO of NBA Entertainment, and deputy commissioner and COO. He was instrumental in developing and managing several key initiatives for the NBA, such as the creation of the WNBA, the NBA Development League, NBA China, and the digital partnership with Turner Broadcasting.
In October 2012, Stern announced his retirement and endorsed Silver as his successor. Silver was unanimously elected by the NBA Board of Governors as the new commissioner, effective February 1, 2014. Since then, Silver has made a significant impact on the league and the sport of basketball. Some of his notable achievements include:
- Forcing Donald Sterling to sell the Los Angeles Clippers and banning him for life from the NBA after he made racist remarks in 2014.
- Negotiating new collective bargaining agreements with the players’ union in 2014 and 2016, ensuring labor peace and stability for the league.
- Supporting players’ rights to express their opinions on social and political issues, such as Black Lives Matter, gun violence, and Donald Trump.
- Leading the league’s response to the COVID-19 pandemic, creating a “bubble” environment in Orlando to resume and complete the 2019-20 season safely and successfully.
- Launching the NBA 2K League in 2018, the first official esports league operated by a U.S. professional sports league.
- Expanding the global reach and popularity of the NBA, especially in emerging markets such as Africa, India, and Latin America.
Education
Silver attended Rye High School in New York and graduated in 1980. He then went to Duke University, where he majored in political science and was a member of the Phi Delta Theta fraternity. He graduated in 1984 with a Bachelor of Arts degree. He then worked as a legislative aide for Les AuCoin, a member of the U.S. House of Representatives.
Silver then pursued his law degree at the University of Chicago Law School, graduating in 1988 with a J.D. degree. He then worked as a law clerk for Judge Kimba Wood of the U.S. District Court for the Southern District of New York. He then joined Cravath, Swaine & Moore as an associate.
Political Views
Silver has not publicly endorsed any political party or candidate, but he has expressed his views on various issues that affect the NBA and society at large. He has been vocal about supporting players’ rights to freedom of expression and social activism. He has also advocated for legalized sports betting as a way to increase fan engagement and generate revenue for the league.
Silver has also faced some challenges and controversies regarding his political views. In 2019, he faced backlash from China after he defended Daryl Morey’s tweet supporting Hong Kong protesters. Silver said that he supported Morey’s right to free speech while also acknowledging China’s right to react. He also faced criticism from some fans and politicians for not taking a stronger stance against China’s human rights violations.
In 2020, Silver faced pressure from some players who wanted to boycott games after the police shooting of Jacob Blake in Wisconsin. Silver supported players’ decision to protest but also urged them to resume playing as a way to use their platform for positive change. He also worked with players’ union to create a social justice coalition that would focus on issues such as voting rights, criminal justice reform, and racial equality.
Partner
Silver is married to Maggie Grise since 2015. Grise is an interior designer who runs her own firm called Maggie Grise Design. She specializes in residential projects that combine classic elegance with modern functionality.
Silver and Grise met through mutual friends in New York City in 2008. They dated for several years before getting engaged in 2014. They tied the knot in a private ceremony in New York in May 2015. They have two daughters together, Louise Burns Silver, born in 2017, and another daughter, born in 2020. The name of their second daughter has not been revealed to the public.
Silver and Grise are very private about their personal life and rarely share pictures of their family on social media. They live in a penthouse apartment in Tribeca, Manhattan, that they bought for $6.75 million in 2014.
Family
Silver was born into a Jewish-American family in Rye, New York, on April 25, 1962. His parents, Edward Silver and Melba Silver were both lawyers. His father specialized in labor law and was a senior partner at Proskauer Rose. His mother was also a partner at the same firm and focused on corporate law.
Silver has four siblings, two brothers and two sisters. His older brother Erik Silver is a lawyer and a partner at WilmerHale. His younger brother Owen Silver is a doctor and an associate professor of medicine at Harvard Medical School. His older sister Ann Silver is a lawyer and a partner at Simpson Thacher & Bartlett. His younger sister Emily Silver is also a lawyer and a former assistant district attorney in Manhattan.
Silver has always had a close relationship with his family. He credits his parents for shaping his character and career. He also considers his siblings as his best friends and mentors.
Bio
Here is a brief bio of Adam Silver:
| Name | Adam Silver |
|---|---|
| Date of birth | April 25, 1962 |
| Place of birth | Rye, New York |
| Age | 61 |
| Height | 6 feet 3 inches |
| Weight | 80 kg |
| Nationality | American |
| Ethnicity | White |
| Religion | Jewish |
| Education | Duke University (BA), University of Chicago Law School (JD) |
| Occupation | Lawyer, sports executive |
| Position | Commissioner of the NBA |
| Salary | $10 million per year |
| Net worth | $50 million |
| Spouse | Maggie Grise |
| Children | Two daughters |
Conclusion
Adam Silver is one of the most influential and respected figures in the world of sports and business. He is the fifth and current commissioner of the NBA, a position he has held since 2014. He has led the league to unprecedented growth and expansion, while also addressing social issues with progressive and innovative solutions. He is married to Maggie Grise, an interior designer, and they have two daughters together. He has a net worth of $50 million and a salary of $10 million per year.
Most Asked Questions and Answers
Here are some of the most asked questions and answers about Adam Silver:
Q: How did Adam Silver become commissioner?
A: Adam Silver became commissioner after his predecessor and mentor David Stern retired in 2014. He was unanimously elected by the NBA Board of Governors as the new commissioner, effective February 1, 2014.
Q: What is Adam Silver’s salary?
A: Adam Silver’s salary is reportedly around $10 million per year as the commissioner of the NBA.
Q: What is Adam Silver’s net worth?
A: Adam Silver’s net worth is estimated to be around $50 million as of 2023. His primary source of income is his salary as the commissioner of the NBA, but he also owns a small stake in the NBA’s ownership group.
Q: Who is Adam Silver’s wife?
A: Adam Silver’s wife is Maggie Grise, an interior designer who runs her own firm called Maggie Grise Design. They got married in 2015 and have two daughters together.
Q: How many children does Adam Silver have?
A: Adam Silver has two daughters with his wife Maggie Grise. Their first daughter Louise Burns Silver was born in 2017, and their second daughter was born in 2020. The name of their second daughter has not been revealed to the public.
Q: Where does Adam Silver live?
A: Adam Silver lives in a penthouse apartment in Tribeca, Manhattan, that he bought for $6.75 million in 2014.
Q: What are Adam Silver’s political views?
A: Adam Silver has not publicly endorsed any political party or candidate, but he has expressed his views on various issues that affect the NBA and society at large. He has supported players’ rights to freedom of expression and social activism, as well as advocated for legalized sports betting as a way to increase fan engagement and generate revenue for the league.
Q: What are some of Adam Silver’s achievements as commissioner?
A: Some of Adam Silver’s achievements as commissioner include:
Forcing Donald Sterling to sell the Los Angeles Clippers and banning him for life from the NBA after he made racist remarks in 2014
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