Dan Snyder Net Worth
Dan Snyder net worth: Dan Snyder is an American billionaire who has an estimated net worth of $1.7 billion dollars. He is currently the owner of the Washington Redskins and a primary investor in Red Zebra Broadcasting, which is home to the Redskins Radio ESPN. He also owns Dick Clark Productions, among other media outlets. His ten-year tenure as owner of the Redskins has been largely unsuccessful which has led to considerable backlash. Dan Snyder was born on November 23, 1964 in Silver Spring, Maryland. He moved to England to attend private school at the age of 12, but at 14 he returned to the United States. Upon graduating from high school, he attended the University of Maryland but dropped out at the age of 20 to start running his own business leasing jets to fly college students to spring break in Florida and the Caribbean. In 1989, Snyder and his sister founded Snyder Communications, a wallboard advertising company. The business was a great success and the brother and sister grew the company organically through acquisitions. They expanded the business to all aspects of outsourced marketing, proprietary product sampling, sponsored information displays, call centers, field sales, and telemarketing. In an initial public coffering in September 1996, Daniel Snyder became the youngest ever CEO of a New York Stock Exchange listed company at the age of 32. In May 1999, Snyder purchased the Washington Redskins for $800 Million, which at the time was the most expensive transaction in sporting history. Since Snyder became owner, annual revenue increased from $100 million to around $245 million, and in 2007, the Redskins were the highest grossing team in the NFL primarily because of the sponsorship arrangements with Anheuser-Busch, Coca-Cola, and Sprint and the $207 million deal with FedEx to gain naming rights. While financially he has been a success, he has received a considerable backlash due the team's losing record since Snyder purchased the team. The Redskins have also gone through eight head coaches in 14 seasons. Under Snyder, the Redskins have also sued season ticket holders who were unable to pay during the 2008-2009 recession, and in 2009 Snyder banned all signs from Fed-Ex Field; this was so ill received that he later lifted the ban. Snyder is married to Tanya Snyder, a former fashion model from Atlanta and the couple have three children.