An American businessman, sports executive, and lawyer, Adam Silver’s net worth as of February 2023 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.
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 February 2023 is a staggering $40 million. here are some quick facts about the Commissioner of the NBA.
|Full Name||Adam Silver|
|Celebrated Name||Adam Silver|
|Net Worth||$40 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.|
|Education||Rye High School, Duke University, University of Chicago Law School|
|Sibling||Erik Silver, Owen Silver, Ann Silver, Emily Geier|
|Spouse||Maggie Grise (m. 2015-Present)|
|Kids||Louise Burns Silver|
|Eye Color||Dark Brown|
|Profession||Commissioner of NBA, Lawyer, Businessperson, Film Producer, Television Producer|
|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||February 2023|
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.
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.
Net Worth of Adam Silver in Different Currencies
Adam Silver’s net worth as of February 2023 is a staggering $40 million. Here is a diversified look at Adam Silver’s net worth in different currencies, including cryptocurrency BitCoin.
|Pound Sterling||£34.37 Million|
|Australian Dollar||A$58.27 Million|
|Canadian Dollar||C$52.40 Million|
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.
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.
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 February 2023, 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.
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.