Norman Pattiz Net Worth

Norman Pattiz Net Worth: $350 Million

Highlights

Norman Pattiz was an American executive and businessman who had a net worth of $350 million at the time of his death. He was the founder of Westwood One, formerly known as Dial Global, Inc. Pattiz was a prominent figure in the radio industry and made significant contributions throughout his career. Here are some highlights of his life and accomplishments.

Early Life

Norman Pattiz was born on January 18, 1943, in Los Angeles, California. He attended Hamilton High School and graduated in 1961. His passion for the world of radio began to develop during his early years, leading him to pursue a career in the industry.

Career

Pattiz started his career in the sales department at KCOP-TV 13 in Hollywood from 1970 to 1974. In 1976, he founded Westwood One, a radio syndication company that eventually grew to become America’s largest radio network and one of the world’s leading media companies. The company held exclusive radio rights for various sporting events and distributed shows hosted by renowned personalities.

Throughout his career, Pattiz expanded his influence in the industry by acquiring other radio stations and networks, such as Mutual Broadcasting System and NBC Radio Network. He took Westwood One public in 1984 and remained involved with the company even after stepping down as Chairman of the Board in 2010. Westwood One merged with Dial Global in 2011, further solidifying its standing in the radio industry.

In addition to his work with Westwood One, Pattiz held positions in various educational institutions and organizations. He served on the Broadcasting Board of Governors (BBG) from 2000 to 2006 and played a crucial role in creating the U.S. government’s Arabic-language radio and TV services for the Middle East countries. He was involved in numerous advisory councils and boards, contributing his expertise to the field of communication and international relations.

Personal Life

Norman Pattiz was married to Mary Turner, a radio personality and chairman of the board of the Betty Ford Center. The couple resided in Beverly Hills and Santa Barbara, California. Pattiz also had a deep dedication to public service and served as a reserve deputy in the Los Angeles County Sheriff’s Department. He was actively involved in philanthropy and supported various educational and youth-related initiatives.

Net Worth Over Time

Norman Pattiz’s net worth grew significantly throughout his career in the radio industry. As the founder of Westwood One and his involvement in various ventures and acquisitions, he amassed a fortune of $350 million. His entrepreneurial success and contributions to the industry solidified his position among the wealthiest individuals in the United States.

Components of Net Worth

The majority of Norman Pattiz’s net worth came from his ownership and leadership of Westwood One, a successful radio syndication company. The company held exclusive rights to broadcast major sporting events, which further contributed to its financial success. Pattiz’s involvement in other businesses, such as his founding of Courtside Entertainment Group and PodcastOne, also added to his net worth.

Furthermore, his astute investments in real estate, including properties in Beverly Hills and Montecito, California, played a role in diversifying his wealth. Pattiz’s net worth was a result of his entrepreneurial ventures, industry expertise, and strategic financial decisions.

In conclusion, Norman Pattiz was a highly successful American executive and businessman. As the founder of Westwood One and his involvement in various ventures, he accumulated a net worth of $350 million. Throughout his career, he made significant contributions to the radio industry and held positions in esteemed organizations. His entrepreneurial success and commitment to public service left a lasting impact on the media landscape. Norman Pattiz’s net worth reflects his accomplishments and financial acumen.

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