| Net Worth: | $3 Billion |
|---|---|
| Date of Birth: | October 15, 1944 (79 years old) |
| Gender: | Male |
| Profession: | Media proprietor, Film Score Composer, Television producer, Screenwriter, Businessperson, Financier, Musician, Film Producer |
| Nationality: | United States of America |
What Is Haim Saban’s Net Worth?
Haim Saban is an Egyptian-born Israeli-American television and media proprietor who has a net worth of $3 billion. Moreover, Haim has already contributed close to $1 billion to philanthropic organizations.
Haim Saban amassed money in the television and media industries as the founder of the television production company Saban Entertainment.
In addition to writing the themes for various children’s television programs, such as “Inspector Gadget” and “He-Man,” he also created the Western adaptations of Japanese cartoons like “Power Rangers” and “VR Troopers.”
Saban achieved his first great hit with the children’s television series “Mighty Morphin Power Rangers” in the early 1990s. The Power Rangers’ intellectual property rights were sold by Haim to Hasbro in 2019 for $522 million.
Fox Family Channel, a joint venture between Haim and News Corp., was sold to Disney in 2005 for $5.3 billion, while Saban and a group of private equity investors purchased Univision in 2007 for $13.7 billion, acquiring a share that is currently worth $600 million.
Saban Music Group, which Haim founded in 2019, focuses on “global performers, notably those from South America, the creation of new artists, and acquisitions of existing enterprises.” 2017 saw the addition of a star for Haim to the Hollywood Walk of Fame.
Childhood
Haim Saban was born on October 15, 1944, in Alexandria, Egypt. He is from an Egyptian Jewish family, and in 1956, they moved to Israel.
Haim’s parents enrolled him in a Youth Aliyah boarding school, but after he was expelled, he started going to night classes. There, the principal informed him, “You’re not cut out for academic studies; you’re cut out for generating money.” The Israel Defense Forces later employed Saban.
Career
Haim’s musical career began in 1966 when he joined the band The Lions of Judah (Ha’arayot) as their manager and bassist. The group toured England to play nightclubs in London in 1969 after David Watts from The Tornados joined. The Lions of Judah performed on “Colour Me Pop” on the BBC in July 1969 after being signed by Polydor Records there.
Saban shifted his attention to music promotion after the group arrived back in Israel. In 1983, Haim immigrated to the US and quickly established a reputation for writing music for children’s television programs with Shuki Levy. The duo has contributed music to the films “Dragon Quest,” “Inspector Gadget,” “She-Ra: Princess of Power,” and “He-Man and the Masters of the Universe.”
Although a decade earlier, a number of composers asserted they were the authors of some of that music, a 2008 report on portfolio.com noted that Haim was awarded credit for 3,700 compositions at the time. He was faced with a $1 million lawsuit by ten separate songwriters, and he wrote in the article, “We agreed to $10,000 each person.
They were aware that they had no case. They were entirely mistaken.” Haim established Saban Entertainment in 1988, and since then, he has produced more than 70 films, including “Digimon: Digital Monsters,” “A.L.F.,” “Sweet Valley High,” “Mystic Knights of Tir Na Nog,” and “Power Rangers.”
Fox Kids Worldwide was created in 1996 as a result of the merger of Saban Entertainment and Fox Children’s Network, which was controlled by News Corporation. When Haim and News Corporation sold Fox Children’s Network to The Walt Disney Company in 2001 for $5.3 billion, Saban made about $1.6 billion in profit.
ProSiebenSat.1 Media, owned by Kirch Media Group and which developed to be the country’s largest commercial TV broadcaster, was purchased by a consortium led by Haim in 2003 for a majority interest.
When acquiring their controlling interest in the company in 2003, Saban and the consortium paid 7.5 euros per share; when selling it to Permira and KKR in 2007, they received 22.40 euros per share.
For $13.7 billion, Saban Capital Group and a group of investors that included Thomas H. Lee Partners and Texas Pacific Group bought Univision in 2006. Saban Capital Group paid $13.7 billion for Univision in 2006, along with a group of investors that included Thomas H. Lee Partners and Texas Pacific Group.
The investing companies Searchlight Capital Partners and ForgeLight LLC purchased a 64% stake from them in Univision in 2020. With regard to his decision to start the Saban Music Group in 2019, Haim stated, “One of my greatest passions in life has always been music, which constantly inspires, shapes, and motivates me.
I’m reentering the music industry with great enthusiasm, not just as a businessman but also as someone who is passionate about the art, committed to the advancement of international musicians, and eager to offer top-notch entertainment.”
Relationship
After getting married to Cheryl Lynn Flor in 1987, Haim welcomed Tanya and Ness into his family in 1991 and 1989, respectively. Ness followed in his parents’ footsteps and also became a producer; Cheryl is a producer and a screenwriter. Tifanie Christun and Heidi Lenhart, the kids of Cheryl’s marriage to Ray Lenhart, also have Saban as a stepfather.
Heidi is a well-known actress who is most known for playing Jenny Garrison in the teen sitcom “California Dreams” in the 1990s. Tifanie is a voice actress. The American Democratic Party has received numerous donations from Haim, and in 2007, he and Steven Spielberg co-hosted a fundraiser for Hillary Clinton that raised more than $850,000.
Charity Works
Almost $47 million in donations from Haim and Cheryl to Children’s Hospital Los Angeles and $11 million to the Saban Free Clinic (formerly the Los Angeles Free Clinic).
The Saban Center for Middle East Policy was founded in Washington, D.C., thanks to a $13 million investment from Saban in 2002 (along with the prospect of more funding).
In order to complete the Soroka Medical Center in Israel, he donated $14 million in 2007. The facility went on to open the Saban Pediatric Medical Center in 2008 and the Saban Birth and Maternity Center in 2009.
The Sabans gave the Academy of Motion Pictures Museum $50 million in 2018. The Sabans gave $420 million to 1,000 causes and organizations in 2019 while also encouraging other millionaires to do the same.
Along with the American-Israel Public Affairs Committee, Haim has funded the Saban National Political Leadership Training Seminar.
The goal of the Saban National Political Leadership Training Seminar was to educate student activists in pro-Israel activism so that they may “organize for legislative and electoral effect over the next school year” and “prepare for obstacles and opportunities on their campuses.”
Real Estate
Over time, Saban acquired three parcels totaling about six acres in the Beverly Park district of Beverly Hills, California. He then ordered the construction of a home, a pool, and sports facilities. According to the publication, the property had an assessed value of $26.7 million.
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