Jerry Perenchio Net Worth
Jerry Perenchio net worth: Jerry Perenchio was a California-born entertainment executive who had a net worth of $2.7 billion dollars. Jerry Perenchio was most widely recognized as the former CEO of Univision, the largest Spanish network in the US. He was also the former agent for Marlon Brando and Elizabeth Taylor, among other stars. He produced many monumental sports events including the "Battle of the Sexes" tennis match between Billie Jean King and Bobbie Briggs, and the 1971 "Fight of the Century" between Muhammed Ali and Joe Frazier He was born Andrew Jerrold Perenchio on December 20, 1930 in California. Jerry was a very young and talented young man when he went to Los Angeles to pursue a career as Hollywood talent agent. Working for MCA is where he landed the opportunity to represent movie stars as Marlon Brando and Elizabeth Taylor. He not only represented A-listers, but also co-promoted the 1971 World Heavyweight bout aka "Fight of the Century" between Muhammad Ali and Joe Frazier at Madison Square Garden. Furthermore, he produced the "Battle of the Sexes" tennis match between Billie Jean King and Bobbie Briggs, and was a producer of popular shows like "The Jeffersons" and "Diff'rent Strokes." Parenchio united with "All in the Family" producer Norman Lear to form Embassy Communications, which they eventually sold to Coca-Cola for $485 million in 1985. Next, he made a wise move reinvesting those earnings in television. Along with two Latin American media partners, Perenchio bought Univision for $550 million in 1992, and up until his death he held a 16% stake worth an estimated $1.3 billion. He was a longtime Republican donor and was a big-time backer of Mitt Romney in the 2012 presidential election. As a great philanthropist, he has supported numerous causes. He donated $4.8 million to the UCLA Foundation in 2010 and $1 million to the Los Angeles Opera in 2011. Jerry Perenchio died on May 23, 2017 at the age of 86.