Daniel Snyder is a famous American businessman. He is most renowned as the majority owner of Washington Redskins, American Football team. Daniel Snyder is well-known as the main investor in Red Zebra Broadcasting via Redskins Radio ESPN. Daniel Snyder made a fortune after selling Snyder Communications. Continue reading to find the estimated net worth of Daniel Snyder as of 2018.
Early Life & Biography:
Daniel Snyder (Daniel Marc Snyder) was born on 23rd November 1964 in Silver Spring, Maryland, the US. His Jewish parents were Arlette (née Amsellem) and Gerald Seymour ‘Gerry’ Snyder. Daniel’s father worked for National Geographic and United Press International as a freelance writer.
Daniel Snyder studied from Hillandale Elementary School in Silver Spring in Maryland. At age 12, he moved to Henley-on-Thames and studied at a private school. After two years, he lived with his grandmother in Queens, New York, USA. The next year, Daniel Snyder graduated from Charles W. Woodward High School, Rockville, Maryland. Daniel Snyder quit his studies at the University of Maryland, College Park, at age 20.
In 1994, Daniel Snyder and Tanya Ivey, a former fashion model from Atlanta, got married. The couple has three children. Now, Tanya is the spokesperson for Breast Cancer Awareness.
Career, Awards & Nomination:
Daniel Snyder with his friend commenced his first successful business from his parent’s bedroom and several telephone lines. Daniel and his friend made US$1 million leasing jets to fly college students during spring break. Students could visit Fort Lauderdale and the Caribbean.
In 1989, Daniel Snyder and his sister established ‘Snyder Communications,’ an advertising Company. The siblings expanded Snyder Communications Company both physically and business-wise. The business offered included call centers, field sales, outsourced marketing, proprietary product sampling, information sponsored displays, telemarketing, and others. Snyder Communications went public (September 1996). During IPO, Daniel Snyder, aged 32, was the youngest CEO of a New York Stock Exchange listed Company. Daniel Snyder sold Snyder Communications Company to Havas, the French firm, for $2.5 billion (2000).
In May 1999, Daniel Snyder bought Washington Redskins spending $800 million (highest transaction in Sport’s history). After his ownership, the annual revenue jumped from $100 million to almost $245 million (2007). The Redskins earned the highest gross salary in (NFL) from sponsorship of Companies (Anheuser-Busch, Coca-Cola, and Sprint). Daniel Snyder made a deal of $207 million with FedEx for naming rights of the stadium. Although Daniel financially succeeded, the Redskins lost fans because of their poor performance.
In 2005, Daniel Snyder was introduced as a member of the Greater Washington Jewish Sports Hall of Fame.
Net Worth & Earnings:
The net worth of Dan Snyder is $2.3 billion. Daniel and his sister founded and owned Snyder Communications and expanded it physically and business-wise. It went public and got listed in the New York Stock Exchange. It was sold for $2.5 billion to a French firm and added to Daniel Snyder’s net worth. His sources of income include major ownership of Washington Redskins; primary investor in Red Zebra Broadcast via Redskins Radio ESPN and ownership of Dick Clark Productions.
Daniel Snyder owns a Bombardier BD-700 Global Express XRS with the Redskin helmet on the tail having no. N904DS. This corporate jet is kept hanger at Dulles International Airport.