Estimated Net Worth: $3.4 Billion
About Haim Saban
Haim Saban, born on October 15, 1944, in Alexandria, Egypt, is an American record, film, and television producer. He is widely recognized as the founder of Saban Entertainment, a prominent television production company known for producing popular children’s films and TV shows such as “Power Rangers”, “Inspector Gadget”, and “X-Men”. Saban’s career has spanned several decades since the mid-1960s.
According to credible sources, his net worth is estimated at an impressive $3.4 billion as of late 2016, a testament to his successful ventures in the entertainment and music industries.
Haim Saban and His Career
Growing up in an Egyptian-Jewish family, Saban initially moved to Tel Aviv, Israel. He faced challenges in his youth, eventually getting expelled from a boarding school before matriculating from a night school.
Saban’s professional journey began in 1966 when he played bass for the rock band “The Lions of Judah (Ha’arayot)”, and also operated as the band’s manager. This marked the start of his prosperous career. He then went on a tour through England and subsequently signed a contract with Polydor Records. Despite limited success, this period laid the foundation for his future endeavors as a record producer.
Upon moving to France, he co-founded a record label with Shuki Levy, where they catered to notable artists including Mike Brant and Noam Kaniel. His expertise in composing soundtracks for children’s series further solidified his prominence in the industry.
In 1988, Saban relocated to the USA and founded Saban Entertainment productions. This led to several successful productions in the 1990s, such as “The Karate Kid”, “V.R. Troopers”, and “Power Rangers”. Subsequently, his company merged with Fox Children’s Productions, forming Fox Kids Worldwide. In 2001, the company was acquired by The Walt Disney Company for $5.3 billion, adding significantly to Saban’s wealth.
In 2003, Saban acquired ProSiebenSat.1 Media, a German media conglomerate with five television channels, further expanding his influence in the media industry. His business acumen was further demonstrated in 2006 when he acquired Univision Communications, the largest Spanish-language media company in the USA.
Personal Life and Philanthropy
Outside of his professional pursuits, Haim Saban married Cheryl Lynn Flor Saban in 1987. The couple has two children and also adopted two others. They currently reside in Beverly Hills, California. Saban is known for his active involvement in politics, particularly for his support of Hillary Clinton in the 2016 election. Moreover, he is recognized as a generous philanthropist, contributing to charitable organizations such as the Soroka Medical Center.
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