Daniel Snyder is an American successful businessman who is renowned for being the owner of the Washington Commanders, an American football team belonging to the National Football League (NFL). He bought the team, then known as the Washington Redskins, from Jack Kent Cooke’s estate in 1999. He also became the prime financier of Tom Cruise‘s production company. He was the executive producer of the 2008 movie “Valkyrie”. In 2005, he was inducted into the “Greater Washington Jewish Sports Hall of Fame“. At the time of writing, his net worth is estimated to have $4.9 Billion.
What is Daniel Snyder Famous For?
- Daniel Snyder is a businessman, entrepreneur, and investor.
- He is known for being the owner of the Washington Commanders, an American football team belonging to the National Football League (NFL).
Who are Daniel Snyder’s Parents?
Daniel was born with the full name of Daniel Marc Snyder on November 23, 1964. He is from Silver Spring, Maryland, the USA. He holds American nationality and his ethnicity is American-White. He is the son of Arlette (mother) and Gerald Seymour “Gerry” Snyder (father). His father was a freelance writer who wrote for United Press International and National Geographic. He has a sister named Michele with whom he grew up. His present age is 57 as of 2021.
About his educational qualification, he attended ‘Hillandale Elementary School‘ in Silver Spring, Maryland. At age 12, he moved to a small-town Henley-on-Thames, and went to a private school for two years after he came back to the US to live with his grandmother in Queens, New York. He then moved back to Maryland, where he attended ‘Charles W. Woodward High School‘. His father was a freelance writer who wrote for United Press International and National Geographic. He dropped out of the ‘University of Maryland, College Park‘ to run his business of leasing jets to college students to fly to sporting events.
How did Daniel Snyder start his career?
- His career began after he founded a wallboard advertising (the sale of advertisements placed on boards inside buildings) company with his sister, Michele in 1989. They concentrated on wallboards in doctors’ offices (where there was a captive audience) and colleges. The company was named Snyder Communications LP.
- The company became successful and it expanded its geography from colleges and doctors’ offices to hospital maternity areas, private daycare centers, fixed-base operations (FBO), or private aircraft lounges in major airports throughout the country.
- In an initial public offering for SNC in September 1996, he became the youngest-ever CEO of a New York Stock Exchange-listed company at the age of 32.
- He continued to expand the company aggressively through a string of acquisitions, including Arnold Communications in 1997. By 1998, the company had over 12,000 employees.
- In April 2000, Snyder Communications was sold to the French advertising and marketing services group Havas in an all-stock transaction valued at in excess of US$2 billion, the largest transaction in the history of the advertising/market industry.
- After that, he purchased the Washington Redskins in May 1999 along with Jack Kent Cooke Stadium (now FedExField).
- He has been on six NFL committees, including appointments to the Broadcast Committee, the Business Ventures Committee, the Digital Media Committee, the International Committee, the Stadium Committee, and the Hall of Fame Committee.
- He is also a member of the Board of Trustees of the Pro Football Hall of Fame.
- From 2007 to 2012, he also owned Dick Clark Productions.
Who is Daniel Snyder’s Wife?
Daniel Snyder is a married man. He married his former fashion model Tanya Ivey in the year 1994. She is a national spokesperson for breast cancer awareness and was named co-CEO of the Washington Football Team in 2021. They have three children. Currently, the family is living in Alexandria, VA. His sexual orientation is straight.
Daniel is also active in charity work. He contributed $1 million to help the victims of the September 11 attacks and donated $600,000 to help victims of Hurricane Katrina. He paid shipping costs for charitable food shipments to aid those affected by the 2004 tsunami in Indonesia and Thailand. He founded the Washington Redskins Charitable Foundation in 2000.
In addition, he formed the Washington Redskins Original Americans Foundation to provide opportunities and resources to aid Tribal communities in 2014. He also supported Children’s National Hospital, the National Center for Missing and Exploited Children (NCMEC), and other organizations. In May 2014, Snyder and his wife Tanya received the Charles B. Wang International Children’s Award from the NCMEC. Recently, in March 2022, he donated $300,000 to several humanitarian aid organizations for people affected by the 2022 Russian invasion of Ukraine.
What is Daniel Snyder’s Net Worth in 2022?
Daniel Snyder is a multi-talented man who has made a net worth of $4.9 Billion throughout his business career which is his main source of wealth. He is living a lavish lifestyle right now.
Daniel started his investing career with his sister. Initially, they invested $35,000 and started their own business. In 1992, the company expanded into telemarketing with a focus on the yet-untapped immigrant market. Snyder Communications’ revenues rose from $2.7 million in 1991 to $4.1 million in 1992 and $9 million in 1993. By 1998, the company had over 12,000 employees and $1 billion in annual revenues. In April 2000, Snyder Communications was sold to the French advertising and marketing services group Havas in an all-stock transaction valued at in excess of US$2 billion, the largest transaction in the history of the advertising/market industry. At that time, his personal share of the proceeds was estimated to be US$300 million.
He purchased the Washington Redskins, along with Jack Kent Cooke Stadium (now FedExField) for $800 million following the death of previous owner Jack Kent Cooke. The deal was financed largely through borrowed money, including $340 million borrowed from Société Générale and $155 million debt assumed on the stadium. After he became the owner, the team’s annual revenue increased from more than $100 million a year when Snyder took over the team in 1999 to around $245 million by 2005.
In addition, Daniel owned expansion rights to an Arena Football League team for the Washington, D.C. market before the 2009 demise of the original league. He purchased the rights to the team for $750 million in 1999. In 2005, he bought 12% of the stock of amusement park operator Six Flags through his private equity company RedZone Capital. He also purchased radio stations in the mid-Atlantic region and broadcast coverage of Washington Redskins games on all of his stations. He owns a private plane, a Bombardier BD-700 Global Express XRS.
Daniel Snyder Height and Weight
Daniel Snyder is a handsome man with the standing height of 1.85 m or 185 cm or 5 ft 9 in. His body weight consist of 89 KG. In 2001, Snyder had surgery to remove a cancerous thyroid gland. His hair color is salt and pepper whereas his eye color is brown. He also wears a glass frame which suits him well. He has got an average body type.
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