Ari Emanuel Net Worth
Salary: $10 Million
|Net Worth:||$450 Million|
|Date of Birth:||Mar 29, 1961 (61 years old)|
|Profession:||Businessperson, Talent agent|
|Nationality:||United States of America|
What is Ari Emanuel’s net worth and Salary?
Ari Emanuel is an American talent agent with an estimated net amount around $450 million. Ari Emanuel is best-known for being co-CEO of William Morris Endeavor IMG (WME-IMG) which is an agency for entertainment and media. Ari was the inspiration behind”Ari” the main character “Ari” which is which is played by Jeremy Piven in the HBO show Entourage.
Based on Endeavor’s IPO prospectus that was published in April 2021 Ari and his co-worker Patrick Whitesell together hold 37.6 million shares of the company, out of 430 million shares total. When the prospectus was made public the cost per share was set at $24. At that rate the two Whitesell as well as Emanuel would have net paper worth of $450 million.
A SEC filing from March 2022 showed that in 2021, Ari was paid an amount of $ 308 million for total pay. Of this 4 million was base pay, while the other $10 million was cash bonuses and the rest consisted by stock options.
The sum of his salary resulted in Ari the third-highest-paid executive at an open-ended company in 2021. The only executives earning more were co-CEOs from the firm that invests in private equity KKR which each made upwards of $500 million.
Ari Emanuel was born March 29th 1959 in Chicago, Illinois. He grew up in suburb Wilmette, Illinois. There are two of his brothers, as well as one adopted daughter named Shoshana. The brother Rahm Emanuel was the former the mayor of Chicago. His brother Emanuel is famous bioethicist Ezekiel Emanuel.
Their father doctor. Benjamin Emanuel, is an pediatrician who was involved within the Irgun, an extreme Zionist militant group that was active in Mandatory Palestine in the 1930s and 40s have led to it being classified as an organization that was considered a terrorist according to British authorities. The mother of his son, Marsha Emanuel, was an activist for civil rights and was the proprietor of a Chicago-based rock and roll group. She was known to take Ari to protests to protest his country’s involvement in the Vietnam War while he was growing to. Ari was diagnosed as dyslexic and hyperactive as a youngster and his mother devoted numerous hours teaching him what it takes to read. Ari graduated from New Trier High School and later Macalester College in St. Paul, Minnesota, where the two of them shared a room with Director Peter Berg of “Friday Night Lights” fame
Emanuel started his entertainment professional career by becoming an agency trainee with CAA. He progressed through to the top of the ladder at ICM Partners where he eventually became an associate. It was 1995 when Ari together with colleagues from ICM television agents devised an idea to establish an agency of their own. The idea came to light by ICM chairman Jeff Berg who fired the four agents immediately. On March 30, 1995, four agents launched Endeavor.
They soon portrayed the best talent in the world, with stars such as Adam Sandler, Hank Azaria, Ben Affleck, Christian Bale, Matt Damon, Sacha Baron Cohen, Kevin James and David Spade.
The month of April, 2009 was when Emanuel was the one who orchestrated the takeover by Endeavor of its rival William Morris, an 111-year-old agency with a reputable reputation. The deal, quickly accepted from the Federal Trade Commission, created a brand new super-agency with clients that included over 1,000 of the most well-known and skilled actors musicians, writers directors, and producers. The newly formed William Morris Endeavor instantly posed an immediate threat to the market power of the Creative Artists Agency (CAA) the corporate entity created by the legendary Michael Ovitz around the middle of the 1970s. The agency was, in the last few years, so large and so powerful that it surpassed all other players in Hollywood.
In 2013, Endeavor bought IMG at $2.4 billion. The purchase was funded with the backing of the private capital company Silver Lake. When the deal was concluded, Silver Lake was given 51% of this new agency. Emmanuel and his co-founders were left with just 47 percent.
The current estimate of WME-IMG is roughly $10 billion. Based on that estimate, Ari and Patrick both have stakes in the company worth approximately $450 million. At the time Silver Lake invested, Ari and Patrick were also granted 10-year contracts of employment that provide annual base salary of $10 million.
An SEC report showed that in the year 2017 Ari has sold $160 million worth part of equity in his Endeavor equity.
It was discovered that Emanuel was dissatisfied with an interview he had conducted of him and his two brothers, conducted by NBC anchor Brian Williams. He was reported to be unhappy by his reaction to the “tone” of the discussion. His lawyer wrote to NBC about the issue. Emanuel and Whitesell have been included on Forbes’ Businessman of the Year list. The year 2013 was the most prestigious for Ari. Fortune declared Whitesell “one of the top guns in the consolidation of the entertainment industry.” Since September 7, Ari has been a member of the Live Nation Entertainment board of directors.
Emanuel has been married for a while to Sarah Hardwick Addington and the couple has three sons. Emanuel received a lot of media attention in July 2006, when the actor called on Hollywood to remove Mel Gibson due to Gibson’s anti-Semitic comments during the time of his DUI arrest.
Emanuel is a frequent campaigner in support of the Democratic party. He gave $2,7000 in support of Hillary Clinton in the 2016 U.S. presidential election.
Emanuel has been involved in the field of artphilanthropy. He has served for a long time as a trustee on the board of P.S. Arts an LA-based non-profit organization that aims to provide arts education programs to Southern California schools. He also assisted to help the Museum of Contemporary Art in Los Angeles establish MOCAtv, an exclusive YouTube arts channel. He joined the museum in 2012 and was a member of the board of directors of the museum.
Real Estate Assets
As of 2015 Ari paid $9.8 million to purchase a house located in Los Angeles which he still owns but which is not his main home. In the same year Ari was able to spend $16.55 million for a property located in the Brentwood neighborhood in Los Angeles. In the year 2018, he spent $11.5 million to purchase the property of his neighbor with the hope of building what could have been a stunning, 1.25-acre compound. Whatever the reason, Ari decided to abandon the plans for a compound and sold the first Brentwood home to a buyer for $19.4 million. This was a great win but however wiped out when he sold his second home to $6.5 million, which was a four million loss.
Ari Emanuel Net Worth In 2022
As of 2022 Ari Emmanuel Net Worth is estimated to be roughly $450 Million.
In October 2020 Ari spent $27.5 million on a home in Beverly Hills, California. The seller was Edward Slatkin who owns several boutique hotels, including the side-by-side Santa Monica properties Shutters on the Beach and Hotel Casa del Mar. Slatkin originally listed the home for $36 million