Ari Emanuel is best known as the co-CEO of the entertainment and media agency William Morris Endeavor-IMG (WME-IMG). In the HBO series Entourage, Jeremy Piven plays Ari, a character based on Ari.
Ari Emanuel 2021 Compensation
Ari received $308 million in total remuneration in 2021, according to an SEC report released in March 2022. $4 million of that total was base salary, $10 million was a cash bonus, and the rest was stock options. In 2021, Ari was the third-highest-paid public firm executive. Only the co-CEOs of KKR, a private equity firm, earned more than $500 million each in compensation.
Ari Emanuel Early Life
Ari Emanuel was born on March 29, 1961, in Chicago, Illinois, United States. He grew up in the Wilmette, Illinois suburbs. Shoshana, his adoptive sister, is one of his three siblings. Chicago’s former mayor, Rahm Emanuel, is his brother. A bioethicist known for his work, Ezekiel Emanuel is his older brother.
When they were growing up, Benjamin Emanuel was an active member of the Irgun, an ultra-conservative Zionist militant organisation that British authorities labelled a terrorist organisation because of its operations in Mandatory Palestine in the 1930s and 1940s.
While growing up, his mother Marsha Emanuel took him to anti-Vietnam War marches with her as a civil rights activist and the proprietor of a rock and roll club in Chicago. When Ari was a kid, his mother spent many hours working with him on his reading skills because he was identified as both hyperactive and dyslexic. He attended Macalester College in St. Paul, Minnesota, where he shared a dorm with “Friday Night Lights” director Peter Berg.
Ari Emanuel Stock Holdings
IPO prospectus released in April 2021 said that Ari and Patrick Whitesell possess 37.6 million shares of Endeavor out of the company’s total 430 million. Price per share was at $24 when the prospectus was first released. That would make Whitesell and Emanuel worth $450 million on paper.
Ari Emanuel Career
CAA’s agent training programme is where Emanuel got his start in the entertainment world. As his career progressed, he was promoted to partner at ICM Partners. ICM television agents formed their own firm in 1995, led by Ari and a group of other ICM agents.
When ICM Chairman Jeff Berg learned about the plot, he immediately dismissed the four agents involved. Endeavor was launched on March 30, 1995, by the four of them. Their client list quickly expanded to include names like Adam Sandler, Hank Azaria, Christian Bale, Matt Damon and Sacha Baron Cohen as well as Ben Affleck and Ben Affleck’s son Ben Affleck.
Emanuel orchestrated Endeavor’s acquisition of William Morris, a 111-year-old agency with a superb reputation, in April 2009. Almost immediately, the Federal Trade Commission gave its blessing to the merger, which formed a new super-agency with more than 1,000 of the world’s most famous and accomplished actors, artists,
directors and producers on its roster as clients. Creative Artists Agency (CAA), founded in the mid-1970s by the renowned Michael Ovitz and now so large and profitable that it dwarfed every other player in Hollywood, was immediately threatened by the newly formed William Morris Endeavor, a corporate beast launched by him in the mid-1970s.
The acquisition of IMG by Endeavor for $2.4 billion took place in 2013. Silver Lake, a private equity firm, provided financing for the acquisition. When Silver Lake completed the acquisition of the new mega-agency, it received a 51 percent interest in the company. Only 47 percent of Emmanuel and his co-workers were left.
WME-IMG has a conservative $10 billion market value right now. Ari and Patrick each have an interest worth $450 million at this pricing. Ari and Patrick were granted 10-year job contracts with yearly base salaries of $10 million by Silver Lake when they invested.
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Ari sold $160 million in Endeavor shares in 2017, according to an SEC filing. In 2013, it was discovered that Emanuel was dissatisfied with an interview Brian Williams had with him and his two brothers. He was said to be unhappy with the interview’s “tone.” In response to this, NBC received a letter from his attorney.
They have both been included on Fortune’s list of Business Persons of the Year. For the first time, Fortune referred to him as “one of the most powerful guns in the consolidation of the entertainment world.” Ari has been a board member of Live Nation Entertainment since September 2007.
Ari Emanuel Personal Life
Sarah Hardwick Addington, Emanuel’s wife, is the mother of his three sons. After Mel Gibson’s anti-Semitic comments following a DUI arrest in 2006, Emanuel earned enormous media attention by urging Hollywood to blacklist the actor. As a Democratic Party fundraiser, Emanuel made a $27,000 donation to Hillary Clinton’s presidential campaign in 2016.
The Los Angeles-based nonprofit P.S. Arts, which works to bring art education programmes to Southern California schools, has had Emanuel on its board of trustees for many years. In addition, he worked with the Los Angeles Museum of Contemporary Art to launch MOCAtv, a YouTube channel dedicated to contemporary art. A member of the museum’s board since 2012,
Ari Emanuel Real Estate Assets
It was in 2015 when Ari spent $9.8 million on a Los Angeles mansion that he still owns, but which he no longer lives in. A home in Brentwood, Los Angeles, cost Ari $16.55 million the same year. A year later, he shelled out $11.5 million to buy his neighbor’s land in order to build a 1.25-acre estate that he had envisioned.
It’s unclear why Ari decided to sell the first Brentwood home for $19.4 million instead of building his dream estate. When he sold the second house for $6.5 million, which he lost $4 million on, he had made a good profit. Ari paid $27.5 million in Beverly Hills, California, on a house in October 2020.
In addition to Shutters on the Beach and Hotel Casa del Mar in Santa Monica, Edward Slatkin owns other boutique hotels. It was previously listed for $36 million by Slatkin.
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