Adam Silver is the current commissioner of the National Basketball Association, aka the NBA. A lawyer and sports executive, Silver is the fifth commissioner in the NBA’s history. Having held the position since 2014, he has led the league through some of its most turbulent times, achieving much in his nine years in charge. However, this is just a small part of Silver’s professional life, and having spent close to 31 years in the business, he has accumulated a net worth of $40 million.
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Silver has received a lot of recognition for his work in the sports industry. He is considered to be one of the most influential people in sports. Winning several awards, including Executive of the Year on numerous occasions. Since starting his reign, the NBA has posted record-breaking profits, made it through the COVID-19 pandemic, and been propelled to new heights.
Summary of Adam Silver’s net worth
According to the information received from numerous websites including celebritynetworth.com, Adam Silver’s net worth can be broken down as follows:
| Overall Net Worth | $40 million |
| Salary | $10 million |
| Investments | Undisclosed |
| Properties and Other Assets | $8.5 million |
| Age | 61 |
| Height | 1.9 m (6ft 3 inches) |
| Weight | 85 kg |
Adam Silver’s investments and his journey to becoming Commissioner of the NBA
Adam Silver was born into a Jewish-American family on the 25th of April, 1962. Like his father, Edward Silver, Adam hoped of becoming a lawyer. So, he completed his Bachelor of Arts in political science at Duke University before getting his law degree at the University of Chicago Law School. He then joined the law firm Cravath, Swaine & Moore as an associate.
However, a life in law wasn’t his calling, and in 1992, he joined the NBA where he held several positions before becoming deputy commissioner in 2006. He served as President and COO of NBA Entertainment, NBA Chief of Staff, and assistant to the commissioner.
His time with NBA Entertainment is most notable, seeing as he worked on numerous projects. From his work as executive producer of the IMAX movie Michael Jordan to the Max to numerous projects including a documentary, Whatever Happened to Michael Ray, and other productions such as Like Mike, and The Year of the Yao.
He was also integral in his role as deputy commissioner in negotiating the league’s last three collective bargaining agreements with the National Basketball Player’s Association, the development of the WNBA, and the NBA G League, the league’s partnership with Turner Broadcasting to manage its digital assets, as well as the establishment of NBA China.
It’s official: Adam Silver succeeds David Stern as #NBA Commissioner pic.twitter.com/B2tuuZVZv9
— NBA (@NBA) February 1, 2014
After six years of service as deputy commissioner, in 2012, David Stern endorsed Silver as his successor. After Stern stepped down in 2014, Silver was unanimously approved by the NBA owners to succeed him. And, while nothing much is known about his investments outside the NBA, his commissionership has led to what have been some of the most fruitful years in league history.
Adam Silver’s salary as Commissioner of the NBA
As per several reports, upon taking up the role of NBA Commissioner, Adam Silver has had a fixed annual salary of $10 million per year. In addition to this, Silver probably earns bonuses based on revenue/expansion goals and for achieving various milestones.
He has not seen a hike since his ascension in 2014, but his contract was renewed in 2018. It is now set to run through the 2023-2024 season, expiring on his 10th year in charge. This means that he would have earned a whopping $100 million throughout his commissionership, and will likely continue to earn more after he renews his contract with the NBA once again.
What cars and properties does Adam Silver own?
Like most people, a fair share of Adam Silver’s $40 million net worth is in his various assets. That being said, not much is known about the NBA commissioner’s lifestyle. However, websites like thesportslite.com have shed some light on this. In addition to his $10 million salary, Silver reportedly owns several luxury vehicles. This includes a slew of cars like a BMW, Ferrari, Mustang, Lamborghini, and even a Superbike.
While the exact models of the aforementioned vehicles are unknown, the approximate value of his vehicular assets could be somewhere in the range of $1.5 million. However, fast cars and motorcycles aren’t the only assets Silver has in his portfolio. As he is a millionaire, he also has some properties in his name.
According to trendnetworth.com, Adam Silver has several apartments and houses. And, if reports are to be believed, he has them spread across the country, with properties in New York, California, and Las Vegas. The estimated value of said properties is around $7 million, making the total value of his assets $8.5 million.
Adam Silver’s net worth
With close to three decades of experience as a lawyer, businessman, and sports executive, Adam Silver has amassed for himself quite a fortune. Several reports confirm that the NBA Commissioner’s net worth currently stands at around $40 million. Taking into account his salary and his known assets, the bulk of his net worth likely lies in his other ventures and investments.
Unfortunately, these ventures and investments remain undisclosed. But, one can assume they are valued at $20 million, seeing as his salary and assets only contribute a similar amount to his net worth.
NBA commissioner Adam Silver earns 10m per year.
— Nick (@nickchu1993) March 26, 2020
Meanwhile, Silever’s work with the NBA continues to astound those around him, and his contributions to the league are highly appreciated. However, this has led many to believe he could step out of the NBA spotlight and head for greener pastures. But, while there have been links to the CEO post of Disney, Silver maintains his love for his current job. And, if the impressive work continues, his net worth is sure to rise as well.
