Haim Saban Net Worth & Biography
|Popular Name:||Haim Saban|
|Real Name:||Haim Saban|
|Birth Date:||October 15, 1944|
|Birth Place:||Alexandria, Egypt|
|Spouse(s):||Cheryl Flor (m. 1987)|
|Profession:||Businessman, Entrepreneur, Investor, Philanthropist|
|Net Worth:||$4 Billion|
Haim Saban is an Israeli-American businessman and film producer, who also happens to be the owner of Saban Entertainment. He is probably most famed for being the creator of the popular Power Rangers franchise, which has spawned many spin-offs and sequels, and many other animated series originating from both America and Japan. An intelligent entrepreneur with interests in financial services, entertainment, and media, Haim is ranked as the 232nd richest person in America by Forbes magazine. He headed up consortiums that acquired the broadcasters Univision Communications and ProSiebenSat.1 Media. The following reading contains everything that there is to know concerning the life and success story of this world-renown producer.
Early Life: Family, Childhood, Education
He was born on October 15, 1944, in Alexandria, Egypt. Theirs was an Egyptian-Jewish family that immigrated to Israel in 1956 along with most of the Egyptian Jewish community.
Saban was sent to a Youth Aliyah boarding school, from which he was expelled for being a troublemaker. He subsequently enrolled in a night high school.
He served as a soldier in the Israel Defense Forces, before switching his career path to become an entrepreneur.
Professional Life: Entrepreneurial Career
Chairman and chief executive officer Haim Saban is a worldwide pioneer and influential figure in the entertainment industry. He leads Saban Capital Group LLC as its chairman and chief executive officer.
A native of Alexandria, Egypt, Mr. Saban moved to Israel at the age of 12 where he later built the country’s premier tour promotion business.
In 1975, he relocated to France and opened an independent record company that soon propelled to the top of the European labels industry, registering a sales record of more than 18 million copies over a period of eight years.
In 1983, he moved to Los Angeles and established a chain of recording studios that swiftly became the top supplier of music for television. His foray into television began 5 years after he entered the United States. He formed Saban Entertainment, an intercontinental television, production, distribution, and marketing company. The company produced several hits, including The X-Men™ and countless other shows and products built around Marvel Comics characters. Perhaps most notably, under his guidance, Saban Entertainment introduced to the United States the Mighty Morphin Power Rangers™ — a phenomenon that is one of the top-selling boys’ toy brands in the US to this day.
In 1995, CEO Saban merged his company with Fox Kids Network, a company belonging to Rupert Murdoch, creating a fully-integrated entertainment business that combined Saban Entertainment’s content and promotional capabilities with Fox Broadcasting’s network distribution.
In 1997, the Saban-Fox partnership purchased the Fox Family Channel, a fully distributed cable network that was viewed in over 81 million homes. This partnership was solidified under the Fox Family Worldwide banner comprising Fox Kids International Network, Saban Entertainment, the Fox Kids Network, and the Fox Family Channel, a European-based company with satellite and cable networks reaching 50+ countries in Europe and the Middle East.
Mr. Saban and Mr. Murdoch sold Fox Family to The Walt Disney Company in October 2001. The deal, fronted by Mr. Saban, was registered as the largest cash transaction steered by a single person in the history of Hollywood.
Shortly thereafter, Haim Saban established the Saban Capital Group. This company, in 2003, led a group of investors that purchased a controlling stake in ProSiebenSat.1 Media, the largest broadcasting group in Germany. Mr. Saban served as Chairman of the Supervisory Board of ProSiebenSat.1 Media. Saban Capital Group sold the group’s controlling stake in the Media Company to private equity companies KKR and Permira in 2007.
In 2005, Saban Capital teamed with Arkin Communications and Apax Partners to acquire a controlling interest in Bezeq The Israel Telecommunication Corp., Ltd. Two years later, Saban Capital collaborated with a group of investors to purchase Univision Communications Inc., the foremost Spanish-language media company in America.
Achievements: Awards & Honors
In March 2017, CEO Haim Saban was honored with the 2,605th star on the Hollywood Walk of Fame. He merited this honor due to his accomplishment in television.
Mr. Saban and his family are on BusinessWeek’s list of the top 50 most generous philanthropists in the United States, in recognition of the philanthropic efforts of the businessman.
Personal Life: Wife, Children, Residence, Philanthropy
Haim Saban resides in Beverly Hills, California. He is happily married to Cheryl Lynn Saban. They have two children together. He also has two stepchildren, Heidi and Tifanie.
His passionate devotion to the political and philanthropic arenas reflects his wide breadth of interests as well as his commitment to a strong relationship between Israel and the United States.
Mr. Saban and his wife Cheryl established the Saban Family Foundation in 1999, which supports several; causes, including children’s medical and education programs. Beneficiaries of Saban’s kindness include Soroka Children’s Hospital in Israel, the United Friends of the Children, William Jefferson Clinton Foundation, the Friends of the Israel Defense Forces, the Children’s Hospital of Los Angeles, American Israel Education Foundation, the Motion Picture and Television Fund, and the John Wayne Cancer Institute.
In 2002, Mr. Saban established the Saban Center for Middle East Policy at the Brookings Institution. Today, he chairs its International Advisory Council and continues to be contributory in several beneficial ways.
Haim Saban Net Worth: Salary, Income Sources, Assets
CEO Haim Saban’s net worth of $4 billion has all been earned from his occupation as a television and media proprietor. This Egyptian-born Israeli-American entrepreneur makes his fortune in the media industry as the founder and chairman of the globally-acclaimed television production company called Saban Entertainment.
Asides from his involution in film production, Mr. Saban has also worked as a musician as well. He has composed theme songs for numerous children’s television series including “He-Man” and “Inspector Gadget”. He mostly spends his wealth doing charity. Saban and his wife are said to have donated a portion of their fortune to philanthropic causes, including over $15 million donation to the Soroka Medical Center in Israel, $11 million to the Saban Free Clinic, and another $47 million to Children’s Hospital Los Angeles