Daniel Snyder Net Worth, Achievements, Career & Personal Life

Daniel Snyder Net Worth  $2.3 Billion

This is the life and success story of Daniel Snyder, an American entrepreneur, and investor who is the majority owner of the American football team Washington Redskins (now known as Washington Commanders).

He has also been the majority owner and chairman of Pro-Football, Inc. which is a franchise of the National Football League’s Washington Redskins.

Daniel was age 20 when he established his first business venture, Snyder Communications, which eventually went on to grow into success.

Since the start of his career in business, this businessman has invested in many ventures and venue-based businesses such as Red Zebra Broadcasting, FedExField Stadium, Circle.com Inc., and Red Zone Capital Management Co.

He is also deeply concerned with philanthropy and has supported many causes in addition to founding a number of charitable organizations.

In 2005, he was inducted into the Greater Washington Jewish Sports Hall of Fame. More details are in the article below.

Early Life: Childhood, Education

He was born Daniel Marc Snyder to Jewish couple Gerald Seymour and Arlette Snyder on November 23, 1964, in Maryland, the United States. His only sibling is his sister named Michele.

His father worked for National Geographic and United Press International as a freelance writer.

For his primary studies, Daniel attended Hillandale Elementary School in Silver Spring, Maryland.

At age 12, he moved to a small town near London, Henley-on-Thames, and attended a private school there for two years before returning to the United States to live with his grandmother in Queens, New York.

He then moved back to Maryland, where he completed his secondary education at Charles W. Woodward High School. After that, he enrolled in the University of Maryland but later dropped out to manage his business of leasing jets to undergraduates to fly to sporting events. The turnover from this endeavor was in the millions.

Professional Life: Business Career

In 1989, Daniel and his sister, Michele, formed a wallboard advertising company which they named Snyder Communications LP.

In the space of three years, the company had seen several expansions and was recording high annual revenues. In 1996, Daniel was named the youngest-ever chief executive officer of a New York Stock Exchange-listed company. Snyder Communications grew further and was able to diversify through a string of acquisitions.

It was later sold to the French marketing services group Havas in the year 2000 for the sum of $2 billion, making it the most expensive purchase in the advertising history industry.

In May 1999, Daniel paid $800 million to gain the football team Redskins and their Jack Kent Cooke Stadium (now renamed FedExField). It was the largest transaction in the history of sports-team acquisitions at the time.

Daniel has served as the director of the board at McLeodUSA Inc. since September 2002. He has been the Chairman Emeritus of inVentiv Health Incorporated since 2006 after its separation from Snyder Communications.

He has also served as the board chairman of Radio, Television & Communication Federal Credit Union.

In 2005, through his private equity company RedZone Capital, Mr. Snyder owned 12 percent stocks of Six Flags, an amusement park operator. He later became the chairman of the enterprise.

In April 2009, Six Flags was delisted from the New York Stock Exchange list as it had less than the minimum required market capitalization.

Daniel and his partner lost their positions, and he lost the entire venture finally. While this was happening, Red Zebra Broadcasting introduced three sports radio stations collectively known as Triple X ESPN Radio.

Daniel Snyder became the prime financier of Tom Cruise’s film production company and served as the executive producer of the movie Valkyrie (2008).

A group of firms acquired his Dick Clark Productions studio which he purchased in 2007 for $175 million in 2012.

Philanthropic Works

Renowned for his activities concerned with philanthropy, Daniel has spent a sizable portion of his wealth on various charitable works over the last two decades. He has donated to the 9/11 victims, Hurricane Katrina relief efforts, the 2004 tsunami, and Hurricane Matthew.

In 2000, in the Washington, D.C. area, he laid the foundations of the Washington Redskins Charitable Foundation which still stands to date.

He is a devoted supporter of Youth For Tomorrow. This organization, founded by former Redskins head coach Joe Gibbs, presented Daniel with its ‘Distinguished Leader Award’ in April 2010.

In 2014, he started the Washington Redskins Original Americans Foundation in his bid to aid the progress of Tribal communities.

He advocates for several other organizations within the United States, including the National Center for Missing and Exploited Children (NCMEC) and Washington’s Children’s Hospital.

In 2014, the National Center for Missing and Exploited Children presented him and his wife with the ‘Charles B. Wang International Children’s Award’.

Personal Life: Wife, Children, Private Interests

In 1994, Daniel tied the knot with the former fashion model Tanya Ivey. Their marriage has produced two daughters and a son. The entire family resides in Washington, D.C. where most of Daniel’s businesses are located.

The billionaire businessman is the owner of a Bombardier BD-700 Global Express XRS jet. It is parked at Dulles International Airport and its tail has a Redskin helmet. On February 1, 2019, the Los Angeles Times featured his second yacht with an IMAX theater.

Dan Snyder Net Worth: Salary, Assets, Income Sources

Though he has never published his earnings from any of his businesses and investments, Dan Snyder has a net worth of 2.3 billion dollars as of the time of this writing.

He is probably most famous for being the owner and executive chair of the Washington Redskins, which is one of his major income providers.

Additionally, he earns from his investment in Red Zebra Broadcasting, and his current financial standing easily ranks him as one of the wealthiest sports team owners in the United States.

Snyder was barely 20 years old when he and his sister founded the advertising company Snyder Communications and worked very hard to grow the company organically through acquisitions and significant expansions to all aspects of outsourced marketing, telemarketing, field sales, call centers, proprietary product sampling, and sponsored information displays.

When the company went public in September 1996, Mr. Snyder, 32 years old by then, was named the youngest chief executive officer of a New York Stock Exchange-listed company (in testament to his remarkable success at a young age).

While financially successful in his life, Daniel Snyder remembers his roots and stays close to the community, carrying out social and philanthropic works that benefit society’s underprivileged.