David Zaslav Net Worth 2024

What is David Zaslav’s Net Worth and Salary?

David Zaslav is a media govt who has a net worth of $400 million. David Zaslav serves because the CEO and president of Warner Bros. Discovery, the corporate shaped from the 2022 merger of Discovery and WarnerMedia. Previously, he was the CEO and president of Discovery, the place he oversaw a shift from academic programming to actuality tv via networks like HGTV, TLC, Animal Planet, Food Network and the Oprah Winfrey Network. As CEO of Warner Bros. Discovery, Zaslav oversees Warner Brothers movie and TV studio, HBO, CNN, TNT and TBS, along with the beforehand talked about actuality networks.

More just lately, Zaslav has obtained robust criticism for his enterprise practices over time, together with his mass-removal of titles from the streaming service Max and his behavior of canceling practically completed initiatives in an effort to get tax write-offs.

Salary

David first began working for John Malone’s media conglomerate, Discovery, in 2006. Between 2006 and the top of 2022, David earned $750 million in compensation. Today David Zaslav’s base wage is $3.1 million, however with inventory grants and bonuses his annual whole comp might be considerably greater. For instance:

Discovery went public in 2008. Therefore, in 2009 filings confirmed he earned $11.7 million within the earlier 12 months. Over the subsequent 12 months he earned $42.6 million.

In 2014 David earned a wage of $152 million from Discovery Communications. That made him the highest-paid company govt on the planet that 12 months.

In 2018 he earned $129.4 million.

In 2021 David Zaslav’s whole compensation got here to $246.6 million. The overwhelming majority of that compensation was a $203 million inventory choice grant.

In 2022 he earned $39 million. That was broken-out as:

• $3.1 million base wage
• $12 million inventory awards
• $1.4 million inventory choices
• $21.8 million “non-equity incentive plan comp” (aka bonus)
• $925,489 “different” compensation

Early Life and Education

David Zaslav was born on January 15, 1960 within the Brooklyn borough of New York City right into a Jewish family. He is of Ukrainian and Polish heritage. When he was eight, he moved together with his family to Ramapo, New York, the place he went to Ramapo High School. Zaslav went on to attend Binghamton University, the place he earned his Bachelor of Science diploma in 1982. He then went to the Boston University School of Law, incomes his JD with honors in 1985. Zaslav started his profession as an legal professional with LeBoeuf, Lamb, Lieby and MacRae.

NBCUniversal

In 1989, Zaslav joined NBC. He grew to become president of the Cable and Domestic TV and New Media Distribution arm, the place he oversaw content material distribution and negotiated for cable and satellite tv for pc carriage of NBCUniversal networks. Zaslav was additionally answerable for overseeing numerous NBCUniversal channels, together with Bravo, A&E, Telemundo, the History Channel, and National Geographic. Additionally, he was instrumental within the creation and launch of the information networks CNBC and MSNBC.

Discovery

In late 2006, Zaslav succeeded Judith McHale as CEO of Discovery. At the corporate, he oversaw the event and launch of assorted new networks, together with OWN, Velocity, and Planet Green, and labored to shift programming extra towards actuality tv and away from education-based content material. Under Zaslav’s management, Discovery went public in 2008 and have become a Fortune 500 firm in 2014. In 2018, the corporate acquired Scripps Networks Interactive.

Warner Bros. Discovery

In the spring of 2022, Zaslav oversaw the merger of Discovery and WarnerMedia into Warner Bros. Discovery. He obtained an govt compensation bundle that included a $3 million annual wage with an annual $22 million bonus, plus a contract extension with inventory choices valued at $190 million. Zaslav quickly  got here underneath fireplace for his enterprise practices as head of Warner Bros. Discovery, significantly his choice to drastically cut back the content material library on the corporate’s streaming service HBO Max, later rebranded as Max, so he might get tax write-offs. Moreover, he canceled initiatives that have been practically completed, reminiscent of “Batgirl” and “Scoob! Holiday Haunt.” The whole accounted loss got here near $25 billion off Warner Bros. Discovery’s market cap.

Zaslav garnered extra criticism when he appointed Chris Licht as CEO of CNN with out interviewing any inside candidates. Licht went on to try to make CNN extra palatable to conservatives within the US; he was in the end fired in mid-2023. Zaslav continued to attract the ire of the general public when he oversaw main cuts to the community Turner Classic Movies. In response, such filmmakers as Martin Scorsese and Steven Spielberg met with Zaslav to be assured of TCM’s safety.

Other Appointments

Among his different appointments, Zaslav sits on quite a few boards, together with these of Sirius XM, Grupo Televisa, the Paley Center for Media, Syracuse University, and the USC Shoah Foundation. He additionally chairs the Auschwitz: The Past is Present Committee, which promotes Holocaust consciousness.

Honors and Awards

In 2012, Zaslav was given the Steven J. Ross Humanitarian Award by the United Jewish Appeal Federation of New York. Two years later, he obtained the Fred Dressler Leadership Award from Syracuse University’s S. I. Newhouse School of Public Communications. In 2017, Zaslav was inducted into the Cable Hall of Fame, and in 2022 was named one in every of Time’s “100 Most Influential People.”

Personal Life and Real Estate

David met his future spouse Pam in highschool. Today they’ve three kids, Alison, Jamie, and Jordon. The family has a number of houses across the nation.

In 2010 the Zaslavs paid $25 million for Conan O’Brien’s seven-bedroom Central Park West duplex

In December 2012 they paid $24.65 million for a 7,000 square-foot residence in East Hampton. The eight bed room mansion sits on 1.7 oceanfront acres.

In January 2020 they paid $16 million for a mansion in Beverly Hills. The property of producer Robert Evans was the vendor. Evans purchased the house within the Nineteen Sixties for $290,000. He named it “Woodland.” In the Eighties, following a drug trafficking conviction and a profession downturn, Evans was compelled him to promote the house, however with the assistance of mates like Jack Nicholson, just a few years later Robert re-acquired the house and proceeded to reside their till his demise in late 2019.

In May 2021 The Zaslavs listed their 6,750 sq. foot Greenwich Village townhome for $18 million. They purchased the unit in 2016 for $11.8 million.