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Friday, March 05, 2021
Fri, Mar 5th, 2021
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Sterling, Donald — Donald T
Chief Executive
Donald T. Sterling Corp.
THE LATEST: Real estate heavyweight Sterling owns more than 160 apartment buildings in Los Angeles and is the former owner of the Los Angeles Clippers. He and wife Shelly were No. 13 on the Business Journal's Wealthiest Angeleno list in 2019 with an estimated net worth of $5 billion.
BACKGROUND: A Chicago native, Sterling trained as a lawyer before moving to Los Angeles and turning to real estate in the 1960s. He bought the San Diego Clippers in 1981 and moved the basketball team to L.A. three years later. He sold the team to former Microsoft Corp. chief Steve Ballmer in 2014 in a deal driven by the National Basketball Association after a tape of Sterling using racial epithets became public. In 2016, he settled with the NBA, after claiming that the league and Shelly conspired to sell the team. Sterling and Shelly have been married for six decades although they have been separated for years.
YEARS ON THE LA500: 5
Return to the 2020 edition of the LA500.
