Adam Silver’s net Worth And Biography. Net Worth: Est. $40 million

Adam Silver is a well-known American attorney, businessman, and sports executive. He is the commissioner of the NBA, aside from that he is a film producer and lawyer.

Adam Silver illustrated biography

Adam Silver illustrated biography

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1. Introduction

Adam Silver is the current commissioner of the NBA, taking over in 2014 after the departure of David Stern.

Under Silver’s leadership, the league has expanded both financially and globally, particularly in China.

He gained attention in 2014 for his handling of the Donald Sterling controversy.

Silver also oversees other basketball leagues and initiatives, such as the WNBA and NBA Africa.

Adam Silver shacking hands with lebron james

2. Adam Silver’s Early life and career

Silver grew up in a Jewish-American home. His father, Edward Silver (1921-2004), was a labor law specialist and senior partner at the legal firm Proskauer Rose.

Silver grew raised in Rye, New York, a northern Westchester County suburb of New York City. He graduated from Rye High School in 1980.

Silver attended Duke University after graduating from high school.

He was a part of the Phi Delta Theta fraternity and earned a Bachelor of Arts in political science in 1984. From 1984 to 1985, he used to work as a legislative aide to Les AuCoin, a member of the United States House of Representatives.

Silver then attended the University of Chicago Law School, where he earned his J.D. in 1988.

Adam Silver in the university studying law

Silver worked as a law clerk for Judge Kimba Wood of the United States District Court for the Southern District of New York after graduating from law school.

He then worked as an associate at Cravath, Swaine & Moore.

3. Adam Silver’s Rise to fame and significant achievements

Silver began his NBA career as the league’s Deputy Commissioner and Chief Operating Officer.

He held these posts for eight years before becoming commissioner;

the transition was simple because there were no other candidates for the position because of his deputy title.

During his tenure as deputy commissioner, he was responsible for negotiating the league’s last three collective bargaining contracts with the National Basketball Players Association, establishing a partnership with Turner Broadcasting to manage the NBA’s digital assets, establishing NBA China, and developing the NBA and WNBA Development League.

He was integral in several excellent accomplishments, all of which point to his future success as commissioner.

While working for NBA Entertainment, he was the executive producer of the IMAX film Michael Jordan to the Max and the documentary Whatever Happened to Michael Ray.

michael jordan portrait

He has worked on the production teams for Like Mike and The Year of the Yao.

Sports Business Journal selected Silver as the number one most influential person in sports in 2016.

On February 1, 2014, the NBA Board of Governors unanimously chose Silver as Commissioner.

Silver is the CEO of a global sports and media company centred on four professional sports leagues: the National Basketball Association, the Women’s National Basketball Association, the NBA G League, and the NBA 2K League.

He is committed to growing basketball globally, embracing innovation and new technologies, enhancing transparency, and using basketball to gather people and promote health and fitness.

Silver was voted Executive of the Decade by SportsBusiness Journal and is ranked first on the publication’s annual list of the 50 Most Influential People in Sports Business. 

He was also named to TIME’s List of the 100 Most Influential People, Fortune’s List of the World’s 50 Greatest Leaders, and Bloomberg Businessweek’s List of the 50 people who defined global business.

Silver has also been voted Sports Executive of the Year at the Sports Business Awards and Sports Illustrated’s Executive of the Year.

Before becoming commissioner, he was the NBA’s Deputy Commissioner and Chief Operating Officer for around eight years.

He was instrumental in the negotiation of three collective bargaining contracts with the National Basketball Players Association, the development of the WNBA, NBA G League, NBA 2K League, and Basketball Africa League, the partnership with Turner Broadcasting to control or manage the NBA’s digital assets, and the formation of NBA China.

Silver was President and COO of NBA Entertainment for more than eight years before becoming the league’s second-in-command.

Silver has held the posts of Senior Vice President and COO of NBA Entertainment, NBA Chief of Staff, and Special Assistant to the commissioner since entering the league in 1992.

Silver was named to Duke University’s Board of Trustees in 2015 and awarded the University of Chicago Law School’s Distinguished Alumnus Award in 2016.

He is also a part of the Council on Foreign Relations and The Business Council and the Vice-Chairman of the Lustgarten Pancreatic Cancer Foundation’s Board of Directors.

Before joining the NBA, Silver worked as a litigation associate at Cravath, Swaine & Moore in New York, focusing on media and antitrust disputes.

He also worked as a law clerk for New York City Federal District Court Judge Kimba Wood.

Silver earned a bachelor’s degree from Duke University and a law degree from the University of Chicago.

Sports Business Journal honored him with “Executive of the Year” in 2015. In 2016, Sports Business Journal ranked Silver number one on their list of the most “Influential People in Sports Business.”

Silver is on Duke University’s Board of Trustees.

He received the “Distinguished Alumnus Award” from the University of Chicago Law School in 2016. Since Silver became NBA commissioner, the league has expanded internationally and monetarily.

4. Adam Silver’s net worth

Adam Silver’s net worth is estimated to be $40 million by Celebrity Net Worth. His yearly salary is projected to be $10 million per year.

Adam Silver is projected to have earned $100 million in salary from the league alone and bonuses for reaching other career milestones.

Silver’s automotive collection includes high-end vehicles such as BMW, Ferrari, Mustang, Lamborghini, and a superbike.

Adam Silver's net worth, money background

Many people needed clarification about what to anticipate from the late David Stern’s replacement when he took office in February 2014.

Stern had been the league’s commissioner for three decades.

However, it must be stated that under Adam Silver’s leadership, not only has the league thrived, but it has also become much more profitable.

The league is now valued at approximately $90 billion, with the average team worth approximately $3 billion.

The Golden State Warriors, with an estimated value of $7.56 billion, are the most profitable franchise.

5. Personal life

Silver was born into a Jewish-American family, and his father, Edward Silver, was also a lawyer. According to publications, Adam Silver was born on April 25, 1962.

He is a lawyer and businessman from the United States.

He currently serves as the National Basketball Association’s (NBA) commissioner.

He has served in this capacity since February 1, 2014.

Silver has been married to Maggie, his wife, since 2015.

She is an interior designer. She lives in New York. Her personal information has not been revealed.

Silver and Grise tied the knot in 2015. They are the parents of two girls.

The eldest was born in April 2017, and the younger in May 2020.

Adam Silver and Maggie Grise appear to be in a happy relationship.

During a discussion, the NBA commissioner conveyed his affection for her, expressing what she meant to him and how he saw the relationship between them.

In an interview with Today, Silver stated: “Took my breath away,” Silver said. “You know, I got lost. … Yeah, in a good way.”

Adam keeps his social media accounts private and tweets via the official NBA account. Twitter (@NBA) / NBA

He compelled Donald Sterling to sell the Los Angeles Clippers in 2014 after he was heard making racial remarks. He later barred him from all NBA events for the rest of his life.

6. Conclusion

Adam Silver is a man with grand ambitions. Adam is a highly enthusiastic person with a strong desire, mission, and principles. He has dedicated his life to advancing in the league and pushing the NBA to grow.

Adam Silver blue and green portrait

Silver formerly served as president and Chief Operating Officer of NBA Entertainment, senior VP and Chief Operating Officer of NBA Entertainment, NBA chief of staff, and special assistant to the commissioner.

Adam Silver blue and red portrait