Billionaire Profile
Donald Sterling
Global Rank
#977

Image: Michael Saechang | CC BY-SA 2.0 | via Wikimedia Commons

Donald Sterling

CEO, Real estate
UNITED STATES
Real-Time Net Worth
$4.368B
Estimated based on Real estate stock value as of April 20, 2026
0% (24h)
Age
91
Source
Real estate
Industry
Diversified
Citizenship
UNITED STATES

Biography

Donald Sterling, born Donald Tokowitz on April 26, 1934, is an American businessman and former attorney. He amassed a fortune primarily through real estate investments in the Los Angeles area, including a large portfolio of apartment buildings and the Beverly Hills Plaza Hotel. Sterling is best known for his ownership of the Los Angeles Clippers from 1981 to 2014, a tenure marked by both success and controversy. His career began as a lawyer, transitioning into real estate and becoming one of the largest property owners in Southern California. Sterling's business acumen allowed him to build a substantial real estate empire, acquiring properties and strategically managing his investments. His time as the Clippers owner ended in 2014 after racist remarks he made were made public, leading to a lifetime ban from the NBA and the forced sale of the team. Despite the controversies, Sterling's net worth remains significant, a testament to his successful career in real estate.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Donald Samuel Tokowitz was born on April 26, 1934, in Chicago, Illinois, to Jewish immigrants. When he was two years old, his family moved to Boyle Heights in Los Angeles. He graduated from Theodore Roosevelt High School in 1952, where he was class president and involved in gymnastics. He then studied at California State University, Los Angeles, graduating in 1956, and later attended Southwestern University School of Law, graduating in 1960.

Rise to Success

Sterling began his career as a divorce and personal injury attorney in 1961. However, his biggest ventures were in real estate. His initial purchase of a 26-unit apartment building in Beverly Hills marked the beginning of his extensive property acquisitions. He went on to purchase the Lesser Towers, which he renamed the Sterling Towers, and later, the California Bank Building, which became Sterling Plaza. Sterling built a large real estate empire in Los Angeles.

Key Business Strategies

Sterling's strategy involved acquiring undervalued properties and strategically managing them, eventually building a vast real estate portfolio across Los Angeles, especially in the Westside and Koreatown. He was known for his focus on acquiring apartment buildings. He also purchased the Los Angeles Clippers in 1981 for $12.5 million and later sold it for $2 billion.

Philanthropy

Through The Donald T. Sterling Charitable Foundation, Sterling supports various charities focused on poverty, homelessness, education, and literacy. Special emphasis is directed to programs benefiting at-risk children and families located in greater Los Angeles and southern California. His foundation has made grants to numerous community groups and schools.

Career Milestones

1952

Graduated from Theodore Roosevelt High School

Sterling was a member of the gymnastics team and class president.

1956

Graduated from California State University, Los Angeles

Received a Bachelor of Arts degree.

1960

Graduated from Southwestern University School of Law

Obtained a Juris Doctor degree.

1961

Began career as a divorce and personal injury attorney

Built an independent legal practice.

1960s

Started real estate investments

Purchased a 26-unit apartment building in Beverly Hills.

1981

Purchased the San Diego Clippers

Began his career in sports ownership.

2014

Banned from the NBA

Ban and forced sale of the Los Angeles Clippers following racist remarks.

Philanthropy & Social Impact

Children and Families

Donald T. Sterling Charitable Foundation

Undisclosed

Supports nonprofit organizations and events involved with issues of poverty, homelessness, education, and literacy, with an emphasis on programs for at-risk children and families in greater Los Angeles and Southern California.

Medical Research

UCLA Kidney Research

$3M

Sterling pledged $3 million to UCLA for kidney research.

Controversies & Challenges

2006

Housing Discrimination Lawsuit

Sued by the Department of Justice for refusing to rent to African-Americans.

2014

Racist Remarks and NBA Ban

Made racist comments that led to a lifetime ban from the NBA and the forced sale of the Los Angeles Clippers.