Robert Sarver
| Robert Sarver | |
|---|---|
| Born | 1961 (age 55–56) |
| Nationality | United States |
| Occupation | Businessman Real Estate investor |
| Known for | Owner of Phoenix Suns Owner of RCD Mallorca President of Western Alliance Bancorporation Owner of Southwest Value Partners |
| Net worth | US$400 million (2016) |
| Spouse(s) | Penny Sanders |
| Children | Max Sarver Jake Sarver Zach Sarver |
| Parent(s) | Irene and Jack Sarver |
Sarver was born to a Jewish family in Tucson, the son of Irene and Jack Sarver. His father was a prominent Tucson businessman, banker and hotel developer (the elder Sarver built the Aztec Inn, the Plaza International Hotel (now an Aloft Hotel) at Speedway and Campbell in Tucson in the early 1970s, built and operated the Tucson area Howard Johnson's locations, and headed a local savings and loan). Jack Sarver died of a heart attack in 1979; Robert Sarver would eventually donate to his alma mater, the University of Arizona, funds to its heart research center, which in 1998 was renamed the Sarver Heart Center in honor of his father. At age 16, he went to work for his father's company, American Savings and Loan. Sarver is a 1979 graduate of Sabino High School in Tucson and a 1982 graduate of the University of Arizona with a bachelor's degree in business administration. In 1983, Sarver became a certified public accountant.
In 1984, Sarver founded the National Bank of Tucson (which he expanded statewide and change the name to the National Bank of Arizona). In 1990, he co-founded the real estate company Southwest Value Partners with Millard Seldin. In 1994, he sold the National Bank of Arizona, then the largest independent bank in the state, to Zions Bancorporation. In 1995, Southwest Value Partners purchased the Emerald Plaza in San Diego. In 1995, he acquired Grossmont Bank, one of San Diego's largest community banks. Grossmont was also sold to Zions Bancorporation in 1997. In 2004, his jointly owned real estate firm, Southwest Value Partners, sold the Emerald Plaza and two other San Diego office buildings to Santa Ana real estate firm, Triple Net Properties, for $274.5 million. In 1998, he led Zions Bancorporation's acquisition of Sumitomo Bank of California. In 2003, he became chairman, president, and CEO of Western Alliance Bancorporation.
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