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The purchase price Sarver made back in 1992 to buy the Suns was $400 million. His father, Jack was a famous Tucson banker and hotel developer. Portion of franchise's value attributable to its brand. Penny and Robert Sarver met in 21991, in Scottsdale, Arizona; they dated for five years before they tied the knot on November 2, 1996. Robert Sarver possesses nearly $800,000,000 net worth as of 2022. He expanded the bank statewide and also changed its name to the National Bank of Arizona. Together, they share three kids named Maax, Zach, and Jake. Also, he led Western Alliance Bancorporation as CEO and was instrumental in Zions purchase of the Sumitomo Bank of California. A lifelong basketball fan, Robert purchased the Phoenix Suns with a group of investors in 2004 for $400 million. Phoenix Suns and Mercury owner Robert Sarver attends Game Two of the 2021 WNBA Finals at Footprint Center on October 13, 2021 in Phoenix, Arizona. Must Read:- MacKenzie Scott Net Worth, Source Of Income, Charity Involvements! Pin. Most Significant Milestones In Robert Sarver's Net Worth. An example of data being processed may be a unique identifier stored in a cookie. In addition, Sarver received a one-year suspension from the NBA for his behavior. The Emerald Plaza and other two office buildings were sold to Santa Ana real estate firm by his real estate company in 2004. NBA: Adam Silver must remove Suns owner Robert Sarver, group says - Yahoo! - Gain full access to our premium content, - Browse free from up to 5 devices at once. The incident happened in 2014. Robert started working for his fathers company named American Savings and Loan when he was 16. 2023 Celebrity Net Worth / All Rights Reserved. Robert Sarver Net Worth, Biography, Age, Wife, Height, Weight, and many more details can be checked on this page. Robert Sarver is selling the Phoenix Suns and Mercury. . Phoenix Suns and Mercury owner Robert Sarver attends the 2021 WNBA Finals in Phoenix, October 2021. . He purchased the WNBA team in 2004.