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Marv Albert Net Worth

# Marv Albert Net Worth: A Closer Look at the Wealth of an American Sportscaster

## Summary

In this article, we will delve into the net worth of Marv Albert, an American sportscaster known as the “voice of the New York Knicks.” With a net worth of $25 million, Marv has made a name for himself as a basketball commentator, working for Turner Sports and calling NBA games until his retirement in 2021. Aside from basketball, he has also commentated on various other sports, including hockey, football, boxing, tennis, and horse racing. We will explore Marv’s early life, his career milestones, and even touch on controversy and real estate ventures.

## Marv Albert’s Net Worth

Marv Albert, the legendary American sportscaster, boasts a net worth of $25 million. He is widely recognized as the “voice of the New York Knicks,” having served as their commentator for 37 years. During his tenure, he became known for his catchphrase, “Yes!,” which he enthusiastically shouted when a team scored. Beyond basketball, Albert has commentated on numerous other sports, including hockey, football, boxing, tennis, and horse racing. This diverse range of expertise has contributed to his impressive wealth.

## Early Life and Education

Marv Albert, originally named Marvin Philip Aufrichtig, was born on June 12, 1941, in Brooklyn, New York. Raised in a Jewish family of grocers, he attended the Newhouse School of Public Communications at Syracuse University. Marv gained early experience as the voice of the AAA Syracuse Chiefs before transferring to New York University, where he graduated in 1965.

## Career Achievements

Albert’s career in the sports industry began as a ball boy for the New York Knicks. He called his first Knicks game in 1963 for WCBS Radio, filling in for Marty Glickman. Glickman served as Marv’s mentor and paved the way for him to become the iconic “voice of the New York Knicks” in 1967. Marv Albert held this position for an impressive 37 years, until his controversial departure in 2004. Despite his exit, the Albert family’s connection with the Knicks remained intact, as Marv’s son Kenny eventually took on the role of play-by-play announcer from 2009 onwards.

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Throughout his career, Marv Albert has associated with NBC, where he called almost every NBA Finals from 1990 to 2002. In 1999, he became the lead play-by-play announcer for NBA games on TNT. Following NBC’s loss of broadcasting rights for NBA games in 2002, TNT became Albert’s primary source of work. His association with TNT lasted until 2021 when he called his final game during the 2021 NBA Eastern Conference Finals. In addition to NBA and TNT, Albert has also worked with the New Jersey Nets on the YES Network, CBS Network, and NBA TV.

Albert’s expertise extends beyond basketball, as he has commentated on a wide range of sports, including the New York Rangers of the NHL. His impressive portfolio includes commentating on eight Super Bowls, numerous NBA Finals and Stanley Cup Finals, two World Series in the 80s, and the Wimbledon Tennis Championships. The Albert family has a notable presence in the world of sports commentary, as Marv’s three brothers are also play-by-play commentators.

## Medical Issues and Controversy

In 2002, Marv Albert faced medical challenges following a limo accident in which he and fellow commentator Mike Fratello were injured. Albert suffered facial lacerations, a concussion, and a sprained ankle, resulting in his absence from several games.

Controversy also surrounded Albert’s career in 1997 when he faced sexual assault allegations from a woman named Vanessa Perhach. The incident involved allegations of sexual harassment and biting after an argument in a hotel room. DNA testing confirmed the incident, and additional women came forward during the subsequent trial, claiming to have experienced similar harassment and biting from Albert. While vehemently denying these allegations, Marv Albert eventually pleaded guilty to misdemeanor assault, with the sodomy charge being dropped. He received a 12-month suspended prison sentence. This controversy led to his termination from NBC, ending a 20-year partnership. However, two years later, NBC rehired Albert in the same role once the dust had settled.

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## Real Estate Ventures

Marv Albert’s financial success is evident in his real estate ventures. In 2014, he listed his New York City home, a 3,553-square-foot residence, for $16.5 million. This represented a significant profit margin, as Albert had originally purchased the apartment in 1996 for $2.393 million. The residence featured a 1,500-square-foot terrace with its own irrigation system and retractable awning, along with marble countertops and stunning city views. Later that year, he sold the property for nearly $15 million. In 2016, Albert acquired a four-bedroom penthouse in Tribeca for $10.3 million. This 4,410-square-foot residence came with over 600 square feet of outdoor space and boasted luxurious amenities such as a roof deck, swimming pool with cabanas, and a gym.

## Conclusion

Marv Albert’s net worth of $25 million is a testament to his remarkable career as an American sportscaster. With his distinct voice and catchphrase, he has become an iconic figure in the world of basketball commentary. Beyond basketball, he has showcased his talent in various other sports, leaving a lasting impact on the industry. Despite facing controversy and setbacks, Albert’s contributions to the field of sports commentary remain undeniable. His real estate ventures further highlight his financial success. Marv Albert has undoubtedly made a significant mark on the sports industry and solidified his place among the wealthiest celebrities.

## Frequently Asked Questions

**Q: What is Marv Albert’s net worth?**
A: Marv Albert’s net worth is estimated to be $25 million.

**Q: When did Marv Albert retire from his role as a basketball commentator?**
A: Marv Albert retired from his role as a basketball commentator at the end of the 2020-2021 season.

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**Q: Has Marv Albert commentated on sports other than basketball?**
A: Yes, Marv Albert has commentated on various sports, including hockey, football, boxing, tennis, and horse racing.

**Q: What led to Marv Albert’s termination from NBC?**
A: Marv Albert’s termination from NBC was a result of sexual assault allegations made against him in 1997. However, he was rehired by NBC two years later.

**Q: What real estate ventures has Marv Albert pursued?**
A: Marv Albert has been involved in real estate, including the sale of a New York City residence and the purchase of a penthouse in Tribeca.

## Final Thoughts

Marv Albert’s net worth of $25 million reflects his extraordinary career as an American sportscaster. From his iconic role as the “voice of the New York Knicks” to his expertise in various other sports, he has left an indelible mark on the industry. Despite facing controversies and setbacks, Albert’s contributions to sports commentary can never be overlooked. His real estate ventures further demonstrate his financial success. Marv Albert’s legacy as a legendary sportscaster and his impressive wealth position him among the richest celebrities.

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