Net Worth $80 Million
Pat Riley is the team President of the Miami Heat in the NBA and has an estimated net worth of $80 million.Pat Riley made his fortune as head coach,team president and his years as a basketball player.
Born Patrick James Riley on March 20, 1945 in Schenectady, New York. As a student at the University of Kentucky, Riley participated in both basketball and football, playing professionally with the San Diego Rockets and Los Angeles Lakers. He helped the latter win the NBA title in 1972 before retiring from play in 1976.
Riley returned to the Lakers as an assistant coach in 1980, leading the team to the NBA Finals as head coach in 1983, 1984 and 1986. Riley and his Lakers won the championship title in 1982, 1985, 1987 and 1988, becoming the second all-time winningest coach in NBA history behind Lenny Wilkens.
In 1990, amid rumors of player mistreatment and anger problems, Riley stepped down as coach of the Lakers. Despite this, he was named NBA Coach of the Year. After a brief stint as an NBC commentator, Riley became head coach for the New York Knicks in 1991. He was named Coach of the Year in 1993 and took the team to the NBA Finals in 1994.
In 1995, Riley resigned his post at the Knicks and became head coach and general manager of the Miami Heat, where he was named Coach of the Year again in 1997. After stepping down as coach for several years to concentrate on his general manager duties, he resumed coaching in 2005 with an all-star team. After a rough season with the Miami Heat, Riley officially retired from coaching in 2008. He still remains the president of the team.