Terry Semel Net Worth

Table of Contents

Category	Information
Net Worth	$300 million
Salary	Peak of $1 million annually
Birthdate	February 24, 1943
Birthplace	Brooklyn, New York City
Gender	Male
Height	Not available
Profession	American Corporate Executive
Nationality	American

What is Terry Semel’s Net Worth?

Terry Semel, an American corporate executive, has a net worth of $300 million. Semel served as the chairman and CEO of Yahoo! from 2001 to 2007. Before his tenure at Yahoo!, he had a successful career at Warner Bros., holding various executive positions.

Highlights

– Terry Semel has a net worth of $300 million.

– He served as the chairman and CEO of Yahoo! from 2001 to 2007.

– Semel spent 24 years at Warner Bros. before joining Yahoo!

– He was involved in failed negotiations to buy Google and Facebook.

Early Life

Terry Semel was born on February 24, 1943, in Brooklyn, New York City. He grew up in the Bay Terrace neighborhood of Queens. His parents, Mildred and Ben Semel, were Jewish. His mother was an executive at a bus company, and his father designed women’s coats.

Semel attended Long Island University Brooklyn, where he earned his Bachelor of Science degree in accounting.

Career

Semel started his career at Warner Bros. as a trainee in 1965. He later worked for Cinema Center Films and Disney before returning to Warner Bros. in various executive roles. In 1981, he became the company’s president and COO. In 1994, he became the co-chairman and co-CEO of Warner Bros. and Warner Music Group.

In 2001, Semel joined Yahoo! as chairman and CEO. He played a significant role in the company’s controversial decision to provide confidential information to the Chinese government. He also made unsuccessful attempts to acquire Google and Facebook.

Personal Life

Terry Semel has been married twice. He first married Maryann Soloway in 1966, and they had a son named Eric before divorcing in 1974. Semel then married Jane Bovingdon in 1977, and they have three daughters named Courtenay, Lily, and Kate. Semel currently resides in a nursing facility to receive care for his Alzheimer’s disease.

Net Worth Over Time

Terry Semel’s net worth has fluctuated throughout his career. In 2001, when he joined Yahoo!, he was granted stock options worth $110 million. Between 2003 and 2006, he netted $450 million from these stock options. However, his stock-purchase strategy caused Yahoo!’s value to decline.

Components of Net Worth

Terry Semel’s net worth is primarily composed of his earnings as a corporate executive. During his time at Warner Bros., he received a salary of $1 million annually, along with bonuses and stock options. At Yahoo!, he received stock options worth $110 million as part of his initial compensation package. These investments, however, had a negative impact on Yahoo!’s value.

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