Haim Saban
Overview
- Source of Wealth
- TV network, investments
- Industry
- Media & Entertainment
- Residence
- Beverly Hills, California
- Education
- High School (Diploma)
- Marital Status
- Married
- Children
- 4
Biography
Haim Saban turned his success with children's TV show "Mighty Morphin Power Rangers" into Fox Family Channel, a joint venture with News Corp.
Saban, who repurchased Power Rangers back in 2010, sold it for a second time in 2018, this time to Hasbro in a $522 million deal.
Saban and a group of private equity investors purchased Spanish language TV Network Univision Communications for $13.7 billion in 2007.
In February 2020, Univision agreed to sell a majority stake for an undisclosed price to two firms: Searchlight Capital Partners and ForgeLight LLC.
The Sabans, who have given $230 million to various organizations and initiatives, pledged $50 million to the forthcoming Academy Museum of Motion Pictures in 2017.
About
Born in Egypt to Jewish parents, Saban moved with his family to Tel Aviv when he was a child and lived in a one-room flat.
While serving in the Israeli army, Saban landed a booking for his band, but he didn't have a band or play an instrument, so he founded a band on the spot.