Ari Emanuel Net Worth 2024

What is Ari Emanuel’s Net Worth and Salary?

Ari Emanuel is an American expertise agent who has a net worth of $450 million. Ari Emanuel is best-known for being the co-CEO of William Morris Endeavor-IMG (WME-IMG), an leisure and media company. Ari was the inspiration for the character “Ari”, performed by Jeremy Piven, on the HBO sequence Entourage.

Stock Holdings

According to Endeavor’s IPO prospectus launched in April 2021, Ari and his colleague Patrick Whitesell collectively personal 37.6 million shares within the firm out of 430 million complete. At the time the prospectus was launched, the value per share was pegged at $24. At that stage, each Whitesell and Emanuel would have paper web worths of round $450 million.

2021 Compensation

An SEC submitting made in March 2022 revealed that in 2021 Ari earned $308 million in complete compensation. Of that complete, $4 million was base wage, $10 million was a money bonus and the rest was made up of inventory choices.

The wage complete made Ari the third highest-paid government of a public firm in 2021. The solely executives who earned extra have been the co-CEOs of the personal fairness agency KKR, who every earned north of $500 million.

Early Life

Ari Emanuel was born March 29, 1961 in Chicago, Illinois. He was raised in suburban Wilmette, Illinois. He has two brothers and an adopted sister named Shoshana. His brother Rahm Emanuel is the previous mayor of Chicago. His different brother is famed bioethicist Ezekiel Emanuel.

Their father, Dr. Benjamin Emanuel, is a pediatrician who was energetic within the Irgun, a hardline Zionist militant group whose actions in Mandatory Palestine throughout the ’30s and ’40s led to its classification of a terrorist group by British authorities. His mom, Marsha Emanuel, was a civil rights activist and the proprietor of a Chicago-area rock and roll membership and used to take Ari to marches in opposition to the Vietnam War whereas he was rising up. Ari was recognized as each hyperactive and dyslexic as a baby and his mom spent many hours serving to him learn to learn. He graduated from New Trier High School after which Macalester College in St. Paul, Minnesota, the place he was roommates with director Peter Berg of “Friday Night Lights” fame.

Career

Emanuel started his leisure trade profession as an agent trainee at CAA. Over time he rose the ranks at ICM Partners the place he ultimately grew to become a accomplice. In 1995, Ari and a bunch of fellow ICM tv brokers hatched a plan to type their very own company. The plan was found by ICM Chairman Jeff Berg who fired the 4 brokers on the spot. On March 30, 1995 the 4 launched Endeavor.

They quickly represented a high roster of expertise together with stars like Adam Sandler, Hank Azaria, Ben Affleck, Christian Bale, Matt Damon, Sacha Baron Cohen, Kevin James and David Spade.

In April 2009, Emanuel orchestrated Endeavor’s takeover of rival William Morris, an 111-year-old company with a stellar status. The transfer, swiftly authorized by the Federal Trade Commission, created a brand new super-agency of kinds, which boasted a consumer checklist of greater than 1,000 of the world’s most well-known and proficient actors, writers, musicians, administrators and producers. The newly-formed William Morris Endeavor immediately posed a menace to the market dominance of Creative Artists Agency (CAA), a company beast based by the legendary Michael Ovitz within the mid ’70s, which had in latest occasions turn into so massive and so profitable that it overshadowed each different participant in Hollywood.

In 2013 Endeavor acquired IMG for $2.4 billion. The acquisition was financed with the backing of personal fairness agency Silver Lake. After the acquisition was accomplished, Silver Lake was given a 51% stake within the new mega-agency. Emmanuel and his companions have been left with 47%.

The estimated present worth of WME-IMG is conservatively $10 billion. At that valuation, Ari and Patrick each personal stakes value round $450 million. When Silver Lake invested, Ari and Patrick have been additionally given 10-year employment contracts that pay annual base salaries of $10 million.

An SEC submitting revealed that in 2017 Ari offered $160 million value of his Endeavor fairness.

In 2013, it was revealed that Emanuel was sad with an interview finished of him along with his two brothers carried out by NBC anchor Brian Williams. He was reportedly not happy with the “tone” of the interview. His lawyer despatched a letter to NBC over the problem. Emanuel and Whitesell have each been named to Fortune’s Businessperson of the Year checklist. In 2013, Fortune referred to as him “one of many largest weapons within the consolidating leisure enterprise.” Since September 2007, Ari has served as a member of Live Nation Entertainment board of administrators.

Personal Life

Emanuel is married to Sarah Hardwick Addington and the couple has three sons collectively. Emanuel gained widespread media consideration in July 2006 when he referred to as on Hollywood to blacklist Mel Gibson attributable to Gibson’s anti-Semitic remarks throughout his DUI arrest.

Emanuel is an energetic fundraiser for the Democratic celebration and donated $2,7000 to Hillary Clinton within the 2016 U.S. presidential election.

Emanuel has been energetic in artwork philanthropy and has lengthy been on the board of trustees of P.S. Arts, a Los Angeles-based nonprofit that works to convey artwork education schemes to Southern California faculties. He additionally helped the Museum of Contemporary Art in Los Angeles set up MOCAtv, a devoted YouTube artwork channel. In 2012, he joined the museum’s board

Real Estate Assets

In 2015, Ari spent $9.8 million to purchase a house in Los Angeles which he nonetheless owns however shouldn’t be his main residence. That identical yr Ari spent $16.55 million on a property within the Brentwood neighborhood of Los Angeles. In 2018 he spent $11.5 million to purchase his neighbor’s property, within the hopes of making what would have been an unbelievable, 1.25-acre compound. For no matter purpose Ari deserted the compound plans and ended up promoting the primary Brentwood home for $19.4 million. A pleasant win that was sadly worn out when he offered the second home for $6.5 million, a roughly $4 million loss.

In October 2020 Ari spent $27.5 million on a house in Beverly Hills, California. The vendor was Edward Slatkin who owns a number of boutique motels, together with the side-by-side Santa Monica properties Shutters on the Beach and Hotel Casa del Mar. Slatkin initially listed the house for $36 million.