How did Daniel Snyder make his money?
Daniel Snyder was born on November 23, 1965, in Silver Springs, Maryland. Daniel Snyder grew up in Maryland, where his father was a freelance writer for Associated Press and National Geographic. Snyder’s first job was at B. Dalton Bookseller when he was fourteen years old. Daniel Snyder attempted to start a business with his father…
Daniel Snyder was born on November 23, 1965, in Silver Springs, Maryland. Daniel Snyder grew up in Maryland, where his father was a freelance writer for Associated Press and National Geographic. Snyder’s first job was at B. Dalton Bookseller when he was fourteen years old. Daniel Snyder attempted to start a business with his father when he was seventeen. They collaborated to sell bus-trip packages to Washington Capitals hockey fans. The company failed.
Snyder dropped out of the University of Maryland during his freshman year in order to launch his first successful business. Daniel Snyder specialized in the college market, leasing jets to transport students on spring break to Fort Lauderdale and the Caribbean. Snyder later sought a partnership with real estate developer Mortimer Zuckerman. The New York Daily News is co-published by Fred Drasner and Zuckerman. They made a three-million-dollar investment in Snyder’s magazine “Campus USA.” After three years, “Campus USA” was forced to close due to a lack of paid advertising. When “Campus USA” failed, Snyder shifted his focus to wall boards, an advertising venture aimed at specific demographics. Snyder had the support of Zuckerman and Drasner once more.
How did Daniel Snyder make his money?
Snyder sold the company to French firm Havas for $2.1 billion in stock in 2000 after taking it public in 1996. Daniel Snyder paid $750 million for the NFL’s Washington DC franchise in 1999, borrowing $350 million to do so; it is now worth $4.2 billion.
