Name
Donald Sterling
Donald Sterling
Beverly Hills, California
Bachelor of Arts/Science, California State Los Angeles | Doctor of Jurisprudence, Southwestern Law School
United States
8
real estate, Self Made
$3,600,000,000
597
1
#597 Billionaires 2019
#215 Forbes 400 2018
The Chicago native, born Donald Tokowitz to Jewish immigrants, built a fortune largely by buying down-at-the-heels apartment buildings in Los Angeles.Donald Sterling bought the Clippers in 1981 for $12.5 million when the team was based in San Diego. Three years later he moved it to Los Angeles. His wife Shelly sold the team in 2014 for $2 billion after Donald ignited a firestorm when a tape of his racist remarks to then-mistress surfaced.He owns a swath of apartments in L.A.'s Westside and Koreatown, as well as the Beverly Hills Plaza Hotel.In 2006, he was sued by the Department of Justice on the charge of refusing to rent to African-Americans.
The $2 billion sale of the LA Clippers to ex-Microsoft CEO Ballmer was the highest price paid for any team in NBA, until Fertitta bought Rockets for $2.2 billion.Following Sterling's racist remarks, UCLA rejected his $3 million pledge to support basic kidney research at the school's Division of Nephrology.
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