Introduction:
Shelly Sterling, the wife of former LA Clippers owner Donald Sterling gained notoriety in 2014 after her husband’s racist remarks were made public. Since then, the pair’s reputation and net worth have declined drastically. However, despite the controversy surrounding the Sterlings, Shelly has continued to be a prominent figure in the sports world and her net worth remains substantial. In this blog post, we will be discussing the shocking net worth of Shelly Sterling.
Section 1: Early Life and Career
Shelly Sterling was born Shelly Green in 1934 in California. She attended Beverly Hills High School and later got her degree from a local college. After graduation, she became a court clerk at the Los Angeles Municipal Court. Shelly later worked as a real estate agent and made a name for herself in the industry.
Section 2: Marriage to Donald Sterling
Shelly and Donald Sterling were married in 1955. Donald had already made a fortune in real estate, and the couple continued to expand their business ventures throughout their marriage.
Section 3: The Clippers Acquisition
In 1981, the Sterlings purchased the San Diego Clippers basketball team for $12.5 million and make the move to LA in 1984. They sold the team in 2014 for $2 billion, nearly 160 times their original purchase price.
Section 4: Donald Sterling’s Controversy and Sale of the Clippers
In 2014, Donald Sterling was caught on tape making racist comments about black people. The backlash was swift, and the NBA banned him for life and forced the sale of the Clippers, which was later handled by Shelly.
Section 5: Shelly’s Legal Battles
After the sale of the Clippers, Shelly became embroiled in multiple legal battles with her husband over the sale proceeds. Her legal battles have been largely unsuccessful, and she has been ordered to pay back nearly $3 million in legal fees.
Section 6: Shelly’s Real Estate Portfolio
In addition to the Clippers sale, Shelly has a substantial real estate portfolio consisting of luxury properties throughout California.
Section 7: Shelly’s Net Worth
Despite her legal battles and declining public image, Shelly Sterling’s net worth still remains substantial. As of 2021, her net worth is estimated to be around $2.9 billion.
Section 8: Shelly’s Philanthropic Ventures
Shelly and her late husband were well-known philanthropists, donating millions to various organizations and charitable causes throughout their lifetime.
Conclusion:
Shelly Sterling’s net worth may be shocking, but it is a testament to her successful career in real estate and ownership of the Clippers. Despite the controversies surrounding the Sterlings, Shelly’s philanthropic ventures show that she is committed to giving back and improving her community.
FAQs:
1. How much did the Sterlings sell the Clippers for? – $2 billion.
2. What was the controversy surrounding Donald Sterling? – He was caught on tape making racist comments about black people.
3. How much was Shelly Sterling ordered to pay in legal fees? – Nearly $3 million.
4. What is Shelly Sterling’s net worth? – As of 2021, it is estimated to be around $2.9 billion.
5. What kind of philanthropic ventures has Shelly Sterling been involved in? – She and her late husband donated millions to various organizations and charitable causes.