Billionaire Profile
Donald Sterling
Global Rank
#926

Image: Public domain | via Wikimedia Commons

Donald Sterling

CEO, Donald T. Sterling Corp.
US
Real-Time Net Worth
$4.4B
As of December 2025
Age
91
Source
Real estate
Industry
real-estate
Citizenship
US

Biography

Donald Sterling is a prominent figure in the real estate industry, known for building a substantial portfolio of properties in Los Angeles. Born on April 26, 1934, Sterling's career began in law before transitioning into real estate, where he amassed significant wealth. His net worth is estimated at $4.4 billion, stemming from his extensive real estate holdings. Sterling gained further recognition as the owner of the Los Angeles Clippers from 1981 to 2014. However, his tenure was marked by both success and controversy, including a lifetime ban from the NBA. Despite the controversies, Sterling remains a notable figure in Los Angeles real estate.

Wealth Over Time

In-Depth Profile

Early Life

Donald Sterling, born Donald Tokowitz on April 26, 1934, in Chicago, Illinois. His family moved to Los Angeles when he was two years old. He attended Theodore Roosevelt High School and later California State University, Los Angeles. Sterling earned a law degree from Southwestern University School of Law in 1960. He changed his name from Tokowitz to Sterling in 1959.

Rise to Success

Sterling began his career as a divorce and personal injury attorney in 1961. His significant ventures started in real estate with the purchase of a 26-unit apartment building in Beverly Hills. Over time, he acquired numerous properties, including the Sterling Towers and Sterling Plaza. In 1981, he bought the San Diego Clippers for $12.5 million. Sterling moved the team to Los Angeles in 1984 despite opposition.

Key Business Strategies

Sterling's real estate strategy involved buying apartment buildings. He acquired properties in Los Angeles, particularly in the Westside and Koreatown areas. Sterling was known for his hands-on approach. His ownership of the Clippers, though controversial, increased the team's value over time.

Philanthropy

Through the Donald T. Sterling Charitable Foundation, Sterling supports charities focused on poverty, homelessness, and education. However, Forbes gave him a low philanthropy score. In 1991, Sterling invited Israel's championship basketball team, Maccabi Tel Aviv, to play the Clippers in two exhibition games, promising to donate the proceeds from the games to the Maccabi Tel Aviv Sports Organization to help fund its youth programs.

Career Milestones

1961

Began Law Practice

Started his career as a divorce and personal injury attorney.

1960s

Real Estate Investments

Purchased apartment buildings in Beverly Hills and other areas.

1981

Acquired the San Diego Clippers

Purchased the NBA team for $12.5 million.

2014

Banned from NBA

Received a lifetime ban from the NBA after making racist comments.

2014

Sold the Los Angeles Clippers

Sold the team to Steve Ballmer for $2 billion.

Philanthropy & Social Impact

Charity

Donald T. Sterling Charitable Foundation

Undisclosed

Supports charities focused on poverty, homelessness, and education

Controversies & Challenges

2014

Racist Remarks

Made racist remarks that led to a lifetime ban from the NBA.

2006

Housing Discrimination Lawsuit

Sued by the U.S. Department of Justice for housing discrimination.