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Donald Sterling

Donald Sterling

D. Sterling
0.96% | + $41.46M
$4.37 B ₹ 39,723 Cr
Real Time Net Worth #954 Ranking as of 21 Feb 2026 By Forbes

More on Donald Sterling

Gender

Male

Age

91Y

Country

United States

Born On

April, 1934

Deceased

No

Relationship Status

Married

Children

3

Education

Southwestern Law School - Juris Doctor

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Real Estate)

Primary Organization

Sterling Properties

Titles

Owner

Sources of Wealth

Los Angeles Clippers Sale, Real Estate

Industry

Real Estate, Sports

About Donald Sterling


D onald Sterling is an American billionaire attorney and real estate magnate who is best known as the controversial former owner of the National Basketball Association's Los Angeles Clippers. The son of Jewish immigrants, he built his fortune by acquiring a vast portfolio of apartment buildings across Los Angeles, becoming one of the city's largest residential landlords.

In 1981, he bought the San Diego Clippers for a modest sum and later moved the team to Los Angeles. His long tenure as the team's owner was marked by a notorious reputation for frugality and a consistent lack of on-field success. His ownership came to an infamous end in 2014 when he was banned for life from the NBA after recordings of him making racist remarks were made public. The ensuing scandal forced the sale of the team, which was purchased by Steve Ballmer for a record $2 billion, a transaction that massively increased Sterling's net worth.

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Quick Reads


  • A Los Angeles real estate tycoon and the former owner of the NBA's Los Angeles Clippers.
  • Was banned for life from the NBA in 2014 for making racist remarks.
  • Was forced to sell the Clippers, which Steve Ballmer bought for a record $2 billion.
  • Made his initial fortune by acquiring a large portfolio of apartment buildings in L.A.
  • His tenure as an NBA owner was famously unsuccessful and controversial.

Early Life and Background


Donald Sterling (born Donald Tokowitz) is an American businessman, lawyer, and former owner of the Los Angeles Clippers (NBA). Born in Chicago in 1934 to Russian immigrant parents, his family moved to the low-income Boyle Heights area of Los Angeles when he was young. Sterling attended Theodore Roosevelt High School.

He earned a B.A. from California State University, Los Angeles, and a Juris Doctorate (J.D.) law degree from Southwestern Law School in 1960. In 1959, he and his wife changed their surname to Sterling (from Tokowitz) for perceived financial benefits. He began his career as a divorce and personal injury attorney in 1961, using his earnings to methodically acquire real estate.

Career Journey of Donald Sterling


Donald Sterling's career is primarily defined by his real estate holdings. He became the largest residential landlord in Los Angeles by methodically buying down-at-the-heels properties and holding them, rarely selling his assets. He renamed several large apartment buildings as Sterling Towers, reflecting his focus on personal branding in real estate.

In 1981, he bought the San Diego Clippers for $12.5 million, relocating them to Los Angeles in 1984. His 33-year ownership tenure was plagued by mismanagement, frugality, and controversy (including discrimination and sexual harassment lawsuits). The end came in 2014 when he was caught on tape making racist comments, leading to a lifetime ban from the NBA and a forced sale of the Clippers (which sold for a record $2 billion). His multi-billion dollar net worth (estimated at $4.4 billion in 2025) is secured by the colossal, appreciating value of his private real estate portfolio.

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Donald Sterling's Timeline


1959 (December):

Formally changes his surname to Sterling from Tokowitz (Personal Milestone).

1961:

Starts his career as a divorce and personal injury attorney (Career Start).

1981:

Purchases the San Diego Clippers for $12.5 million (Sports Acquisition).

2014:

Caught on tape making racist comments; receives a lifetime ban from the NBA; Clppers are forcibly sold for $2 billion (Final Crisis/Exit).

Ongoing:

Remains the owner of his multi-billion dollar real estate portfolio (Financial Status).

Major Business Ventures and Investments


Donald Sterling's wealth is concentrated in his vast, privately held real estate portfolio in Los Angeles, which he continues to own and manage.

  • Los Angeles Residential Real Estate (Largest Residential Landlord): The core source of his fortune, owning hundreds of apartment buildings and commercial properties (e.g., Sterling Towers and the Beverly Hills Plaza Hotel).
  • Los Angeles Clippers (Former Owner): The NBA franchise he was forced to sell for $2 billion in 2014.
  • Legal and Real Estate Focus: His success is built on his legal acumen and his strategy of long-term hold of commercial and residential assets in Los Angeles.
  • Private Management: His wealth is managed privately by his family trusts.

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Philanthropy and Social Impact


Donald Sterling's social impact is predominantly negative and controversial, marked by a long history of racial discrimination lawsuits in his real estate practices and the high-profile public scandal of 2014. The forced sale of the Clippers, while controversial in its mechanism, was viewed as a major victory for corporate ethical responsibility in sports.

His structural contribution is tied to his role as a major landlord in Los Angeles, though his business practices were notoriously problematic and led to significant legal challenges.

Fashion, Style, and Lifestyle


Donald Sterling maintains the extravagant, high-profile style of a controversial Los Angeles real estate mogul. His attire is consistently formal and high-quality, favoring expensive suits. His aesthetic is defined by his commitment to his personal brand and his massive, largely unseen, real estate portfolio.

His luxury is the immense security and financial power derived from his multi-billion dollar real estate holdings. His life is defined by his commitment to asset accumulation and his decades-long entanglement in high-profile legal and ethical controversies.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He changed his surname to Sterling for perceived financial benefits.
  • He is the largest residential landlord in Los Angeles.
  • He received a lifetime ban from the NBA in 2014.
  • He was forced to sell the Los Angeles Clippers for $2 billion (after purchasing them for $12.5 million).
  • His fortune is tied to his method of buying down-at-the-heels apartment buildings and almost never selling them.
  • He was known for being a notoriously erratic and frugal owner of the Clippers.
  • His net worth is estimated at $4.4 billion (2025 estimate).

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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