Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#442 Haim Saban $4.23B

Random fact: Has written music under the pseudonym Kussa Mahchi.

Overview

Saban is chief executive officer of Saban Capital Group, a closely held Los Angeles-based investment company. He owns stakes of broadcasters in Israel, Asia and the United States, and sold a 49.5 percent stake in children's television venture Fox Family Worldwide, home of the Power Rangers, for about $1.5 billion in 2001.

As of May 27, 2017:
Last change +$1.67M (+0.0%)
YTD change +$196M (+4.9%)
Industry Entertainment
Biggest asset Cash
Citizenship United States
Age 72
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Haim Saban's net worth of $4.23B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Much of Saban's fortune is held in cash and other assets, most of it from the sale of a 49.5 percent stake in children's television venture Fox Family Worldwide for $1.5 billion in 2001. He also owns stakes in publicly traded Israeli and Indonesian media companies and investment vehicle Saban Capital Acquisition, according to company filings. He controls the shares through affiliates of his closely held Los Angeles-based investment company Saban Capital Group.

He owns 8 percent of closely held Spanish-language broadcaster Univision Communications, according to data compiled by Bloomberg, which is valued using a Dec. 31, 2016 valuation reported by researcher KDP Investment Advisors. His real estate holdings are valued using the market value of the properties disclosed by Saban Capital Group's website as of March 2017 and discounted to reflect a typical leverage level among U.S. commercial property investors, according to December 2016 discussions with a Californian property broker who asked not to be identified because the assets are private. Brand manager Saban Brands is valued using information from Edgar Baum, a Toronto-based director at consultancy Strata Insights.

The value of his cash investments is based on an analysis of share sales and purchases, dividends, market performance, taxes and charitable contributions.

Biography

Birthdate: 10/15/1944
Family: Married, 4 children

Haim Saban was born in Egypt on Oct. 15, 1944 to a Jewish-Egyptian family that fled the country in 1956 over fears of anti-Semitism. Because of his family's precarious situation, Saban was sent to a boarding school. He was expelled for misbehavior.

Saban served in the Israeli Defense Forces and entertained troops during the Six-Day and Yom Kippur Wars. Soon after, he founded a concert promotion company that failed during the 1970s economic downturn in Israel. This prompted Saban to leave for Paris in 1975, where he started a record company and began representing musicians and selling their work to cartoon shows in exchange for royalties.

He moved to Los Angeles in 1983 and ten years later brought the Japanese television program "Mighty Morphin Power Rangers" to the United States. The show became an instant success and made Saban a billionaire when Walt Disney acquired the franchise in 2001. He headed a consortium that bought Spanish-language broadcaster Univision for $14 billion in 2007. His private equity company, Saban Capital Group, has also acquired hundreds of millions of dollars of properties in Los Angeles that it leases to the government.

Saban donates to various Israeli causes, including $13 million he spent to found a Middle East peace think tank associated with the Brookings Institution in 2002. He's a friend of former U.S. President Bill Clinton and has donated millions to the Clinton Foundation.

Milestones
  • 1944 Haim Saban is born in Alexandria, Egypt.
  • 1975 Starts a record company in Paris after economic hardship in Israel.
  • 1983 Moves to Los Angeles to pursue production companies for licensing deals.
  • 1988 Founds Saban Entertainment, a multi-faceted entertainment company.
  • 2001 Sells Fox Family Worldwide to Walt Disney, collecting $1.7 billion.
  • 2003 Buys ProSiebenSat.1, a German TV channel. Sells stake four years later.
  • 2007 Acquires Univision Communications from Jerrold Perenchio.
  • 2014 Said to weigh sale of Univision. Asking price: $20 billion.