|Net Worth:||$400 Million|
|Date of Birth:||May 29, 1951 (71 years old)|
|Profession:||Film Producer, Television producer, Businessperson, Investor|
|Nationality:||United States of America|
What is Peter Chernin’s net worth? How does Peter Chernin make his money? Below is the current net worth of Peter Chernin and how Peter Chernin makes his money.
What is Peter Chernin’s Net Worth?
Peter Chernin is an American entertainment businessman and investor who has a net worth of $400 million. He is the CEO and chairman of The Chernin Group (TCG), which he founded in 2010. The Chernin Group operates, manages, and invests in businesses in the media, entertainment, and technology sectors.
Peter Chernin was born in Harrison, New York on May 29, 1951. His parent was Herbert and Mary. Although his father was Jewish, he was raised in the Unitarian faith. Peter attended the University of California, Berkeley where he graduated with a bachelor’s degree in English literature.
Chernin served as president and chief operating officer when he joined Fox from Lorimar Film Entertainment in 1989. Chernin was the vice president of Development and Production at the David Gerber Company.
His career first began in publishing, first as associate publicity director of St. Martin’s Press and later as an editor for Warner Books. From 1996 to 2009, he served as president and chief operating officer of News Corporation and chairman and CEO of the Fox Group.
Chernin got a reputation as an executive with a unique mastery of both the corporate and creative sides of the entertainment business. He headed both 20th Century Fox Filmed Entertainment and, earlier, the Fox Broadcasting company.
The Fox television network became the top network in the 18-49 demographic during his tenure, while Fox’s cable programming amassed over 400 million subscribers in less than a decade.
News Corporation’s cable network group experienced explosive growth during Chernin’s tenure – going from 0 to more than 400 million cable subscribers in less than a decade. The Wall Street Journal reported on 24 February 2009, that Peter Chernin made the decision to leave News Corporation after 20 years, to pursue independent entrepreneurial ventures.
Chase Carey took Chernin’s position on 4 June 2009. Chernin has been the chairman of his own company, The Chernin Group (TCG). “Rise of the Planet of the Apes was the company’s first featured film which was released in August 2011.
Chernin Entertainment produced Parental Guidance, a comedy starring Billy Crystal and Bete Midler, which was released in December 2012, the sci-fi thriller from Joseph Kosinski, Oblivion, starring Tom Cruise, and The Heat, starring Melissa McCarthy and Sandra Bullock.CA Media acquired a 49 percent stake in Endemol India with the goal of making it the leading TV, film and digital content production company in Indiain April 2012.
That same month and year, Chernin sold a minority stake of TCG to strategic investment partners Providence Equity Partners, a leading private equity firm, and other private investors. Chernin made a bid of around $500 million for Hulu, an online video streaming service in April 2013. In 2018, Chernin founded TCG Capital Management along with Jesse Jacobs and Mike Kerns.
Chernin married Megan Brody in 1980. They have three children together.
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