By Florence Gaitho on April 4 2014
Barry Diller Net Worth : $2.4 Billion
Barry Diller is an American online media magnate, who has an estimated net worth of $2.4 billion. Forbes has currently ranked him as the 258th richest person in the United States, and the 731st richest person in the world. He serves as the Chairman and Senior Executive of Expedia Inc. and IAC/InterActiveCorp. He is also the media executive, who’s responsible for the development of USA Broadcasting and Fox Broadcasting Company.
Diller was born on 2nd February, 1942 in San Francisco, California to a Jewish family. His career started in the William Morris Agency’s mailroom. This was soon after dropping out of UCLA. He was then employed by Elton Rule as an assistant, and was later placed in-charge of negotiating broadcast rights to feature films. In 1965, he was promoted to the position of Vice-President of Development, whereby he developed the ABC movie of the Week.
From 1974 to 1984, Diller held the position of Chairman and CEO of Paramount Pictures Corporation. From October 1984 to 1992, he served as Chairman and CEO of Fox Inc., which is the parent company of 20th Century Fox and Fox Broadcasting Company. In 1992, Diller quit 20th Century Fox and acquired a stake in QVC teleshopping network worth $25 million. He then launched a bid to acquire Paramount Communications, but unfortunately lost it to Viacom. In 1995, he resigned from QVC.
Since 2002, Diller has been on Coca-Cola’s board. According to a report that was made by The New York Times on October 26th, 2006, Diller was “the highest-paid executive of the 2005 fiscal year, with a total compensation package in excess of $295 million. This 72-year old billionaire owns the world’s largest sailing yacht, which is 92.92 meters long. He is married to Diane Von Furstenberg, with whom he has two children – Alexander Von Furstenberg and Tatiana von Furstenberg.
Florence Gaitho is a Kenyan Citizen and saying that she likes writing would be an understatement. She is a passionate writer and writing has always been her first love. Florence studied at Mount Kenya University, where she attained a Bachelor of Arts Degree. She has been a professional web content/blog/article writer since 2011, and has written articles on diverse fields.