$3.9 billion
unchanged
Saban carved out his fortune from humble beginnings as a supplier of music for television into one of Hollywood’s most successful producers and distributors – launching Saban Entertainment in 1988. He struck gold with “Mighty Morphin Power Rangers” and later co-founded Fox Family Worldwide, merging his business into the larger entertainment conglomerate. In 2001, he sold the company to The Walt Disney Co. for more than $5 billion. Since then, he’s diversified through Saban Capital Group and Saban Ventures, investing in both early- and late-stage companies, and built up a substantial U.S. real estate portfolio under Saban Real Estate. Today his fortune sits steady, anchored in property holdings, music and film ventures, and a board seat at Universal Music Group. Charitable Giving: At 80, Saban keeps a lower profile in entertainment but remains active in philanthropy and politics. He’s donated roughly $500 million to charities across Los Angeles, the U.S. and abroad. Together with his wife Cheryl, he was once named Variety’s Philanthropists of the Year. A loyal Democratic fundraiser and outspoken advocate for Israel, Saban remains active as a political fundraiser. World Traveler: Saban was born in Alexandria, Egypt, and raised in Israel before making his way to France and eventually Los Angeles.
