David Robinson Net Worth | Celebrity Net Worth
What is David Robinson’s Net Worth?
David Robinson is a retired American professional basketball player who has a net worth of $200 million. He played center for the San Antonio Spurs throughout his career, from 1989 to 2003. During his career, he was a 10-time NBA All-Star, a two-time NBA Champion, and the 1995 NBA MVP. Additionally, Robinson was part of the gold-winning Olympic US national basketball teams in 1992 and 1996. Robinson earned his nickname “The Admiral” thanks to his time in the US Navy.
During his playing career, David Robinson earned over $116 million in salary. His peak salary was $14.8 million which he earned in the 1998-1999 season.
private equity careers
Robinson is also famous for having an incredibly successful career outside the NBA. Since retiring, Robinson has launched two private equity funds. The first fund, Admiral Capital, raised $115 million since its launch in 2007. That fund eventually acquired real estate assets worth $350 million. He launched his second fund in 2015 with the goal of raising $175 million to reinvest in real estate. As if all that isn’t impressive enough, Robinson chooses to donate 10% of the profits of his fund to various charities. In fact, he has been extremely active in supporting the kids inside the city for many years.
Early life and collegiate career
David Robinson was born on August 6, 1965, in Key West, Florida, the second child of Freda and Ambrose. Due to his father’s service in the US Navy, Robinson moved frequently with his family as a youth. They eventually settled in Woodbridge, Virginia, where Robinson excelled in both education and sports. He attended Osbourne Park High School in Manassas. During his senior year, Robinson experienced massive growth, growing to 6’6″. Despite not playing organized basketball, he was drafted into his school’s basketball team, and earned full field and all district honors.
After graduating from high school in 1983, Robinson chose to enroll at the US Naval Academy. There, he played on the basketball team and majored in mathematics. By the start of his sophomore year, Robinson had grown to 7′, preventing him from serving in any US naval craft. He became what many consider to be the greatest basketball player in Naval Academy history, winning both the Naismith and Wooden awards as a senior. After his graduation, Robinson became a civil engineering officer at Naval Submarine Base Kings Bay in Georgia.
Start with the San Antonio Spurs
In 1989, Robinson signed a contract with the San Antonio Spurs. Immediately, he made history with the biggest single-season turnaround in NBA history up to that point, bringing the floundering team—which had a franchise-worst record of 21–61 last season—to a record 56–26. In addition, he helped take the Spurs to the second round of the Western Conference playoffs. For his incredible contributions, Robinson was unanimously named NBA Rookie of the Year. The Spurs will make the playoffs for the next seven consecutive seasons. During this time, Robinson was engaged in a duel with Shaquille O’Neill for the NBA scoring title; They eventually won it against the Lakers with 71 points in a single game.
Robinson’s success continued into 1995, when he won the NBA MVP Trophy. The following year, he was named one of the 50 best players in NBA history. However, he was yet to win the NBA Championship title. Robinson’s dreams of winning that honor were again thwarted in 1997 when he suffered a back injury during the preseason. After returning to the court in December, he broke his leg in a home game and missed the rest of the regular season. Despite a poor 20–62 record, the Spurs won the NBA Draft Lottery, with the team selecting superstar player Tim Duncan.
With Duncan on the team, the Spurs finished the 1998–99 season with an NBA-best 37–13 record, and advanced to the NBA playoffs. The Spurs easily won the first three rounds of the playoffs, beating the Minnesota Timberwolves, Los Angeles Lakers and Portland Trail Blazers with a combined 11–1 record. As a result, the Spurs made it to the NBA Finals for the first time in franchise history. Thanks to the combined power of Robinson and Duncan, the team won the championship title in five games over the New York Knicks. Robinson and Duncan were nicknamed “The Twin Towers” for their achievement.
During the final years of his playing career, Robinson struggled with back injuries. As a result he announced his retirement after the 2002–03 season. In the end, Robinson managed to go out with a bang: That final season, he and the Spurs won their second NBA Championship title in six games over the New Jersey Nets. In the final game, Robinson recorded 13 points and 17 rebounds to secure the win. With Duncan, he shared Sports Illustrated magazine’s Sportsman of the Year award for 2003.
Beyond the NBA, Robinson was a part of the US national basketball teams at the 1988, 1992, and 1996 Summer Olympic Games. With the team in 1988, he won a bronze medal. In Barcelona in 1992, he won gold as part of the legendary “Dream Team”, which included Patrick Ewing, Larry Bird, Scotty Pippen, Michael Jordan, Magic Johnson and Charles Barkley. It was the first US Olympic team to feature active NBA players. Robinson and the US team again won gold at the 1996 Olympic Games in Atlanta.
Personal life and professional endeavors
In 1991, Robinson married Valerie Hoggt; Together, they have three sons named David Jr., Corey and Justin. Corey played football at Notre Dame, while Justin played basketball at Duke and later signed to Erst Liga’s Mornar Bar.
On the business front, Robinson founded the private, non-profit Carver Academy in San Antonio, which works to provide opportunities for children from inside the city. The school became a public charter school in 2012. Additionally, Robinson formed Admiral Capital Group with partner Daniel Basichis in 2008. A private equity firm, the group was created to provide additional financial support to Carver Academy. Its portfolio, valued at over $100 million, includes upscale hotels and office buildings across the country. Robinson is also a co-owner of a Jaguar Land Rover dealership in San Juan, Texas.
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