Peter Chernin Net Worth
Peter Chernin net worth: Peter Chernin is an American entertainment and media executive who has a net worth of $400 million. Peter Chernin was born in Harrison, New York in 1951 and received his B.A. in English Literature from the University of California, Berkeley. Peter Chernin is one of the most powerful media and entertainment executives in the world. He served as President and COO of News Corporation from 1996-2009 where he headed Twentieth Century Fox Filmed Entertainment as well as Fox Broadcasting Company. During his time running Fox, the studio produced the two top-grossing movies of all time, "Titanic" and "Avatar". Under Peter Chernin, Fox's broadcast and cable groups experienced tremendous growth. He was instrumental in Fox's expansion into sports broadcasting. Under his tenure, Fox's network schedule grew from two nights of original programming per week to seven. Peter Chernin is currently the Chairman and CEO of The Chernin Group. The firm invests, manages and operates businesses in the media-specifically content for film and television as well as technology and media. In 2013, Chernin led a group which made $500 million bid for the streaming video website Hulu. He sits on the Boards of American Express, Pandora, and Twitter. Peter Chernin and his wife Megan have three grown children.
In 2016, The Chernin Group bought a 50% stake in Barstool Sports for $10-15 million. By 2018 he had invested a total of $25 million to increase his stake to 60%. In January 2020, Penn National Gaming bought a 36% stake in Barstool at a valuation of $450 million. Chernin's stake after the transaction was reduced from 60% to 36%.
|Net Worth:||$400 Million|
|Date of Birth:||May 29, 1951 (70 years old)|
|Profession:||Film Producer, Television producer, Businessperson, Investor|
|Nationality:||United States of America|