Who is Dan Snyder?
He is a billionaire from the USA and founder of Snyder Communications. He was born in November 1964. His first business was leasing jets to fly college students to spring break in Fort Lauderdale and the Caribbean. He is married to Tanya Snyder. They have 3 children.
Snyder Communications was founded in 1988 by Snyder and his sister Michelle Snyder. He had just dropped out of the University of Maryland at the age of 20. The company is active in marketing services. Such as Direct Marketing, database marketing, product sampling, and call centers.
The company was stock listed on the New York Stock Exchange in 1996. It was making Snyder the youngest CEO on the NYSE. In 2000 the company was purchased by Havas Advertising for US$ 2 billion.
Washington Red Skins
The Washington Redskins are a professional American football team based in Washington. The NFL team has a large fan base. The team president is Bruce Allen. Snyder often visits Redskin games.
In 1999 Snyder purchased the shares of the Washington Redskins for US$ 800 million. In 2003 he sold 35% of the shares for US$ 500 million.
According to Forbes, the value of the Redskins is now around US$ 3.5 billion. Snyder’s 65% of the shares is then worth more than US$ 2 billion.
There is some controversy about the Native American’s name. But Snyder refused to change the name.
Red Zebra Broadcasting
He also owned Red Zebra Broadcasting. The station’s programming content focused on the Washington Redskins football franchise. In 2018 it sold all its stations and stopped its activities.
Dan Snyder Net Worth
The net worth of team owner Daniel Marc Snyder is more than US$ 2 billion.