Norman Pattiz Net Worth 2024

What was Norman Pattiz’s net worth?

Norman Pattiz was an American govt who had a net worth of $350 million on the time of his demise. Norman Pattiz earned his fortune because the founding father of Westwood One, previously often called Dial Global, Inc. The firm is likely one of the largest radio organizations on this planet. He based Westwood One in 1976. He stepped down from his place as CEO in 1994, and from his place as Chairman of the Board in 2010.

In addition to his work with Westwood One, he was on the Broadcasting Board of Governors (BBG) from 2000-2006. He served because the chairman of BBG’s Middle East committee. He is a former Regent of the University of California, a former President of the Broadcast Education Association, and serves on the Council on Foreign Relations and the Pacific Council on International Policy. He can be the Director of the Office of Foreign Relations of the Los Angeles Sheriff’s Department, and serves on the Region 1, Homeland Security Advisory Council. He was inducted into the Radio Hall of Fame in 2009. Norman Pattiz owned four Lakers court side seats and was a fixture at almost each dwelling sport.

Norman Pattiz died on December 4, 2022 on the age of 79.

Early Life

Pattiz was born on January 18, 1943 in Los Angeles, California. He attended Hamilton High School and graduated in 1961.

Westwood One

Pattiz labored within the gross sales division at KCOP-TV 13 in Hollywood from 1970 to 1974. He based Westwood One, a radio syndication firm, in 1976. The community grew to turn into America’s largest radio community and one of many world’s main media firms. It grew to become the chief firm in dwell recordings and live performance recordings for radio. By 1982, he was distributing his radio exhibits through satellite tv for pc by an association with an organization in Culver City. The firm held many unique radio rights for sporting occasions organized by the National Football league, the Olympic Games, the NCAA basketball event, and the Masters, amongst others.

In 1984, he took Westwood One public. With the cash raised by the IPO, he bought Mutual Broadcasting System the next yr after which NBC Radio Network in 1987. Throughout the late Nineteen Eighties, he bought three extra radio stations to make his firm even bigger. Control of the corporate shifted within the early Nineteen Nineties, although he remained a serious shareholder. He was not succeeded as chairman till August of 2010 when Mark Stone took over. However, he remained concerned as a marketing consultant for the corporate. Westwood One introduced its merger with Dial Global in August of 2011. Some of essentially the most notable radio personalities distributed by Westwood One embody Don and Mike, Phil Valentine, Dennis Miller, Jim Bohannon, Billy Bush, Drew Pinsky, Adam Carolla, Joe Scarborough, and Kevin and Bean, amongst others.

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Pattiz had a variety of positions in numerous instructional establishments and different organizations. He joined the board of regents of the University of California in 2001 and served as chair of the Board of Regents Oversight Committee of the Department of Energy Laboratories. He was reappointed to a second twelve yr time period on the board of regents in 2014. He was additionally chairman of the board of Lawrence Livermore and Los Alamos National Security LLC. Additionally, he was on the board of the USC Annenberg School of Communication and Journalism. He was president of the Broadcast Education Association and was on the Council of Foreign Relations and Pacific Council on International Policy.

President Clinton appointed Pattiz to the United States Broadcasting Board of Governors which oversees all U.S. non-military worldwide broadcast providers in 2000. He was reappointed to the place by President Bush in 2002. He was additionally chairman of BBG’s Middle East Committee. While in that place, he helped create the U.S. authorities’s Arabic-language radio and TV providers which broadcast to the 22 Middle East international locations.

In 2009, Pattiz was inducted into the National Radio Hall of Fame. He additionally acquired the Giants of Broadcasting Award from the Library of American Broadcasting. In 2010, he based Courtside Entertainment group and have become the corporate’s CEO. In October of 2012, he based Launchpad, which then grew to become PodcastOne in February of 2013. In 2017, he labored with the Los Angeles Lakers and Jay Mohr to develop the “America’s Lakers Podcast with Jay Mohr.” He was impressed to create the podcast as he had been a lifelong Lakers fan.

Personal Life and Death

Pattiz was married to Mary Turner. Turner was additionally a radio character and was the chairman of the board of the Betty Ford Center. They resided in Beverly Hills and Santa Barbara, California. Outside of his work in radio, he additionally served as a reserve deputy within the Los Angeles County Sheriff’s Department. Additionally, he was a member of the Region 1 Homeland Security Advisory Council. He was a benefactor of the Academy of Music at Hamilton High School and was on the board of the Sheriff’s Youth Foundation.

Later in his life, Pattiz was concerned in some sexual harassment scandals. Quite a few recordings got here out through which Pattiz might be heard making feedback of a sexual nature whereas in his place as a board member of the University of California. Several workers of the University of California got here ahead to say that Pattiz had made them uncomfortable within the office. He finally stepped down from the place on the finish of 2017 after the University of California Student Association referred to as for his dismissal.

Norman died in December of 2022 on the age of 79. The Norman J. Pattiz Concert Hall on the campus of Hamilton High School is called in his honor.

Real Estate

For over twenty years Norman owned a home in Beverly Hills that was previously owned by David Geffen, and earlier than that Marlo Thomas. Norman offered this dwelling in October 2006 for $18.5 million.

He additionally owned a house in Montecito, California which he offered in November 2019 for $9.5 million. Here is a video of Pattiz’s former Montecito property: