Barry Diller Net Worth 2024

What is Barry Diller’s Net Worth and Salary?

Barry Diller is an American businessman who has a net worth of $5 billion. He earned his fortune because the founder, Chairman, and Senior Executive of IAC/InterActiveCorp (IAC). Previously he was a highly-successful media government at Paramount Studios, and he helped created the Fox Broadcasting Company and USA Broadcasting.

A self-made man, Barry’s wonderful negotiation abilities helped him make his means up on the earth of enterprise, thus buying the nickname “Diller Killer,” as he at all times obtained what he needed. Diller produced the 2014 movie “Top Five” and the 2017 documentary miniseries “Five Came Back,” and in 1990, the Directors Guild of America introduced him with an Honorary Life Member Award. The American Academy of Achievement honored Barry with a Golden Plate Award in 1992, and he was inducted into the Television Hall of Fame two years later. In 2020, he was ranked #278 on “Forbes” journal’s listing of the richest individuals in America.

Early Life

Barry Diller was born Barry Charles Diller on February 2, 1942, in San Francisco, California. He grew up in a Jewish family with mom Reva and father Michael (an actual property developer). Barry attended Beverly Hills High School, and after commencement, he enrolled on the University of California, Los Angeles (UCLA), however he dropped out after just a few weeks.

William Morris

Diller’s profession started within the William Morris Agency’s mailroom, and he used the chance to scour the corporate’s archives and study concerning the leisure trade. Barry later labored as an assistant to the West Coast head of ABC, Elton Rule, who took Diller to New York City when he was promoted to the president of the community in 1964.

ABC

After being put in command of negotiating the rights for ABC to broadcast function movies, Barry was promoted in 1965, turning into Vice President of Development. He is credited with creating the ABC Movie of the Week, which began the pattern of flicks being made completely for TV.

Paramount Pictures

Diller grew to become the Chairman and CEO of Paramount Pictures Corporation in 1974, and through his decade with the corporate, Paramount produced a number of hits, together with “Laverne & Shirley,” “Cheers,” “Taxi,” “Grease,” “Saturday Night Fever,” and the primary two movies within the “Indiana Jones” franchise. He labored at twentieth Century Fox from 1984 to 1992, serving because the Chairman and CEO, and he was answerable for launching the Fox community and greenlighting “The Simpsons” and “Married… with Children.”

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InterActiveCorp

After quitting his job at twentieth Century Fox, Barry purchased a $25 million stake within the QVC community, and he tried to purchase Paramount Communications, however he misplaced out to Viacom. He left QVC in 1995, then acquired the rights to the USA Network and the Home Shopping Network after buying the property of Silver King Broadcasting. Diller later offered the USA Network to Vivendi, and Silver King Broadcasting ultimately grew to become generally known as InterActiveCorp (IAC). IAC later included corporations reminiscent of HomeAdvisor, Citysearch, CollegeHumor, UrbanSpoon, and Tinder. In 2005, Diller grew to become the Chairman of Expedia whereas serving because the Chairman and CEO of IAC, and he left his place as CEO of IAC in 2010 to change into the corporate’s senior government. Barry joined the board of Coca-Cola in 2002, and he adopted go well with with MGM Resorts International in 2020 after IAC purchased an enormous stake (near $1 billion) within the firm.

Diller invested within the streaming service Aereo in 2012, however the firm was shut down in 2014 as a result of the Supreme Court dominated that it violated copyright legal guidelines. In 2013, he started co-producing Broadway reveals with Scott Rudin (the primary producer to win an EGOT – Emmy, Grammy, Oscar, and Tony), reminiscent of “West Side Story,” “To Kill A Mockingbird,” “Carousel,” and “Three Tall Woman.” IAC Films has backed a number of Rudin-produced motion pictures, together with “Lady Bird,” “Eighth Grade,” and “Uncut Gems.” In 2019, Expedia’s CEO stepped down, so Barry and Vice Chairman Peter Kern needed to take over day-to-day operations in early 2020. During the COVID-19 pandemic, the shares of Expedia and plenty of different journey corporations plummeted, and in April 2020, Diller introduced that Expedia wasn’t bringing in income and would want to scale back spending, presumably reducing annual promoting prices from $5 billion to beneath $1 billion.

Personal Life

Barry married famed clothier Diane von Fürstenberg on February 2, 2001, and have become stepfather to Diane’s grownup kids, Princess Tatiana and Prince Alexander, from her marriage to Prince Egon von Fürstenberg. According to a 2001 article in “New York Magazine,” earlier than his marriage to von Fürstenberg, Diller “lived most of his grownup life as a kind of brazenly homosexual man.” Barry is a Democrat, and in 2016, he hosted a “Conversation and Dinner with Hillary Clinton” occasion at his house. He co-chaired the fundraiser with Michael Eisner, the previous CEO of Disney, and tickets went for $100,000 per couple. Barry and Diane launched the Diller-von Fürstenberg Family Foundation in 1999 to “positively impression the world by enhancing individuals’s lives and strengthening communities.” In 2011, the inspiration donated $20 million towards the completion of Manhattan’s High Line park undertaking. Diller gave a $30 million donation to the Hollywood Fund in 2012, and in 2015, he and von Fürstenberg gave $113 million to assist fund a floating public park/efficiency area on a Hudson River pier.

Real Estate

In February 2020, Barry and Diane paid $4.3 million for a 2,711 sq. foot house in Beverly Hills. The 3-bedroom, 4-bathroom home is subsequent door to the house the couple has lived in for years, which sits on practically three acres of land.