Adam Silver Net Worth: Earnings & Lifestyle

Adam Silver
Adam Silver (Source: NBA.com)

An American businessman, sports executive, and lawyer, Adam Silver’s net worth as of September 2022 is a staggering $40 million.

Silver serves as the fifth and current commissioner of the National Basketball Association.

He formerly held several positions within the league, including deputy commissioner and chief operating officer, for eight years.

Similarly, he also held the positions of NBA Chief of the Staff and Senior VP of NBA.

Adam Silver
Adam Silver (Source: IMDb)

Silver was promoted to the commissioner of the NBA after his predecessor David Stern retired in 2014.

Stern actually endorsed Silver to be the next NBA commissioner.

During his time with NBA Entertainment, he executive produced the IMAX film Michael Jordan to the Max and the documentary Whatever Happened to Michael Ray?

Moreover, Sports Business Journal ranked Adam on its list of the 50 Most Influential People in Sports Business in 2016.

Adam Silver | Quick Facts

Adam Silver’s net worth as of September 2022 is a staggering $40 million. here are some quick facts about the Commissioner of the NBA.

Full Name Adam Silver
Celebrated Name Adam Silver
Nickname Silver
Net Worth $40 Million
Salary $10 Million
Birth Date April 25, 1962
Age 60 Years Old
Father’s Name Edward Silver
Mother’s Name Melba Silver
Birth Place Rye, New York, United States
Height 6 ft.  2 in/180 cm/1.80 m
Weight 80 kg/182 lbs.
Religion Jewish
Gender Male
Sexual Orientation Straight
Nationality American
Education Rye High School, Duke University, University of Chicago Law School
Zodiac Sign Taurus
Sibling  Erik Silver, Owen Silver, Ann Silver, Emily Geier
Ethnicity Jewish-American
Marital Status Married
Spouse Maggie Grise (m. 2015-Present)
Kids Louise Burns Silver
Eye Color Dark Brown
Hair Color Bald
Build Average
Profession Commissioner of NBA, Lawyer, Businessperson, Film Producer, Television Producer
Active Since 1992-Present
Distinctive Features Tall and Bald
Favorite Baseball Team New York Yankees
Favorite Boxer Muhammad Ali
Social Media Instagram, Facebook
Merch Signed Sports Illustrated, Framed Photograph
Last Update September 2022

Adam Silver | Net Worth & Income

The current commissioner of the National Basketball Association (NBA) and businessman Adam Silver’s net worth is a whopping $40 million.

Silver’s primary income source is his position as Commissioner of the NBA, which he has held since 2014.

He additionally earns incentives and bonuses for achieving milestones and revenue/expansion goals.

In June 2018, Adam Silver extended his contract with NBA which will keep him in the league up until 2023-2024 season.

Adam Silver Speech
Adam Silver Speech (Source: ESPN)

His annual salary, as per the new extension, is a staggering $10 million.

When the extension concludes in 2024, Adam will have earned $100 million in salary alone from the league.

Aside from this, Silver has also served as the producer of several films, contributing to his wealth.

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Net Worth of Adam Silver in Different Currencies

Adam Silver’s net worth as of September 2022 is a staggering $40 million. Here is a diversified look at Adam Silver’s net worth in different currencies, including cryptocurrency BitCoin.

Currency Net Worth
Euro €39.82 Million
Pound Sterling £34.37 Million
Australian Dollar A$58.27 Million
Canadian Dollar C$52.40 Million
Indian Rupee ₹3,178,680,000
BitCoin ฿1,977.17

Adam Silver | Lifestyle

Needless to say, the commissioner of the National Basketball Association leads a luxurious lifestyle.

However, the man is quite private and avoids taking his business into the street.

He married interior designer Maggie Grise in 2015. The lovely couple shares two daughters together.

Silver is one of the most profoundly decorated individuals to have ever held the position in the league.

In 2015, Time magazine named him one of the 100 Most Influential People.

Similarly, the same year Fortune named him one of the 50 Greatest Leaders.

Moreover, in 2016 Silver received the Distinguished Alumnus Award from the University of Chicago Law School.

Adam Silver With His Wife
Adam Silver With His Wife (Source: FanBuzz)

Silver serves on the board of his alma mater Duke University and Lustgarten Foundation for Pancreatic Cancer Research.

For his contribution to the league, Silver was named the Sports Illustrated Executive of the Year in 2014.

Let’s face it, Adam is not a product NBA itself. He did not coach or play at any notable level, but his relationship with the game is palpable.

His basketball fandom was early on, in all those trips to the MSG. His parents separated when he was just 10, and for Silver, every Knicks game was a chance to spend more time with his old man.

In addition, the current NBA commissioner’s high school sports were track and cross-country.

However, as a child, he cherished baseball and played third base and pitcher in youth leagues. He pulled out from sports at around 13 years.

Furthermore, he grew up a devout Yankees fan, just like his old man and two older brothers.

He kept a picture of the legendary Centerfielder and First Baseman Mickey Mantle in his room along with a life-sized poster of Muhammad Ali.

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Adam Silver | Career

Adam Silver was born on April 25, 1962, in Rye, New York, a suburb of New York City.

He graduated high school in 1980 and enrolled at Duke University, majoring in political science.

After graduating in 1984, he worked for a member of the US House of Representative Les AuCoin as a legislative aid.

After a year of working with Les, he went to the University of Chicago Law School, and in 1988, he graduated with a J.D degree.

Adam Silver With Michael Jordan
Adam Silver With Michael Jordan (Source: Reddit)

He then worked for the U.S. District Court for the Southern District of New York Judge Kimba Wood as a clerk.

After working as a clerk for a while, he joined the law firm Cravath, Swaine & Moore as an associate.

Silver joined NBA in 1992 and served as the Deputy Commissioner and COO for eight years.

As of September 2022, Adam Silver’s net worth is a whopping $40 million.

Unknown Facts About Adam Silver

  • Sports Business Journal named Adam Executive of the Year in 2015.
  • In reaction to the COVID pandemic, Silver decided to suspend the 2019-20 NBA season on March 11, 2020.
  • Silver served as the executive producer of films The Year of Yao and Like Mike.

FAQs

Did Adam Silver play in the NBA?

He joined NBA in 1992 and has served in various positions, but he never played NBA himself.

What has Adam Silver done for the NBA?

Silver has been instrumental in NBA’s various signature achievements, including the three collective bargaining agreements with the NBPA (National Basketball Players Association);

The development of NBA 2k League, the creation of the NBA Africa and NBA China and the partnership with Turner Broadcasting to manage the NBA’s digital assets.

What does NBA Commissioner do?

The NBA commissioner’s job description is to oversee the activities of the organization, scheduling games, arranging the game referees, dealing with the media, and negotiating contracts.

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