Ari Emanuel Net Worth
Ari Emanuel Net Worth and salary: Ari Emanuel is an American talent agent who has a net worth of $450 million. Ari Emanuel was born March 29, 1961 in Chicago, Illinois. He is best known as the co-CEO of William Morris Endeavor-IMG (WME-IMG), an entertainment and media agency. He was a founding partner of the Endeavor Agency and was instrumental in its June 2009 merger with the William Morris Agency and 2013 acquisition of IMG. In April 2009, Emanuel's firm Endeavor agreed to combine forces with its rival William Morris, an 111-year-old agency with a stellar reputation. The move, swiftly approved by the Federal Trade Commission, created a new super-agency of sorts, which boasted a client list of more than 1,000 of the world's most famous and talented actors, writers, musicians, directors and producers. This move posed a threat to the market dominance of Creative Artists Agency (CAA), a corporate beast founded by the legendary Michael Ovitz in the mid '70s, which has in recent times become so big and so successful that it overshadowed every other player in Hollywood. Interestingly, Emanuel began his entertainment industry career as an agent trainee at CAA. Ari Emanuel is widely considered a prominent talent agent, a beloved personality and even an inspiration. In fact, he was the inspiration for the character "Ari", played by Jeremy Piven, on the HBO series Entourage. When the company acquired IMG for $2.4 billion in 2013, it did so with the backing of private equity firm Silver Lake. After the acquisition was completed, Silver Lake was given a 51% stake in the new mega-agency. Emmanuel and his partners were left with 47%. It's generally believed that Emmanuel owns around 15% of the company with partner Patrick Whitesell owning 10%. The estimated current value of WME is conservatively $4 billion. At that valuation, Ari's 15% equity alone is worth $600 million before taxes. When Silver Lake invested, Ari and Patrick were also given 10-year employment contracts that pay annual base salaries of $10 million.
Real Estate Assets: In 20015, Ari spent $9.8 million to buy a home in Los Angeles which he still owns but is not his primary residence. In 2015, Ari spent $16.55 million on a property in the Brentwood neighborhood of Los Angeles. In 2018 he spent $11.5 million to buy his neighbor's home to create a 1.25 acre compound.
|Net Worth:||$450 Million|
|Date of Birth:||Mar 29, 1961 (58 years old)|
|Profession:||Businessperson, Talent agent|
|Nationality:||United States of America|