15. Donald & Rochelle Sterling

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15. Donald & Rochelle Sterling

Net Worth: $5.9 B

LAST YEAR: $5.4 B
CHANGE: 9.3%
AGE: Donald, 88; Rochelle 87
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Real estate, professional basketball

THE MONEY: Donald Sterling’s wealth can be broken down largely into two buckets: basketball and real estate. In 2014, Sterling sold the Los Angeles Clippers basketball team to former Microsoft Corp. chief executive Steve Ballmer. He was forced to sell after making racist remarks. Since the 1960s, Sterling has acquired hundreds of apartment buildings in Los Angeles, whose value has been boosted by rising rents.

THE BUZZ: In 2016, Donald Sterling settled a suit with the National Basketball Association after claiming the league and his wife, Rochelle “Shelly” Sterling, conspired to sell the Clippers. In 2015, a judge ruled that Donald Sterling’s friend, V. Stiviano, must return $2.6 million worth of gifts that Donald Sterling hadn’t received Rochelle Sterling’s consent to give. Sterling was also ordered to pay $17.3 million to Robyn Cohen, an actress who sued over the lack of an adequate fire detection system in the Sterling-owned apartment building that she lived in.

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