What is Tom Werner net worth?
|Net worth||$700 million|
|Full name||Thomas Charles Werner|
|Date of Birth||April 12, 1950|
|Occupation||television producer and businessman|
Tom Werner net worth 2023: Thomas Charles Werner is an American television producer and businessman. Through his investment in Fenway Sports Group, he is currently chairman of both Liverpool Football Club and the Boston Red Sox. Tom Werner net worth is $700 million.
Tom Werner was born on April 12, 1950 in in New York City, United Sates. He was educated at St. Bernard’s School in Manhattan, The Hotchkiss School in Lakeville, Connecticut, and graduated from Harvard University in 1971.
In 1973, Werner entered television by working for ABC-TV. In 1975, he became the Director of East Coast Prime Time Development. Werner was promoted to senior vice president of the prime-time development department in 1979. While at ABC, Werner was involved in the development of Mork & Mindy, Bosom Buddies, Soap, and Taxi.
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Werner left the network in 1980 and co-founded The Carsey-Werner Company with Marcy Carsey the same year. In this capacity he served as executive producer of such television programs as The Cosby Show, A Different World, Roseanne, 3rd Rock from the Sun and That 70s Show, and Grounded for Life. In 1996, Werner was inducted into the Television Hall of Fame.
In 2000, Werner, Carsey, and longtime partner Caryn Mandabach joined Oprah Winfrey to start Oxygen, a 24-hour cable channel which catered to the lifestyle and entertainment interests of the “millennial woman”. In 2007, NBC Universal purchased the network for $925 million, and in 2017 it was rebranded as a multiplatform site with a focus on true-crime programming for women.
Werner’s entry into sports team ownership came when he and 14 other Southern California-based investors purchased the San Diego Padres from McDonald’s heiress Joan Kroc for US $75 million on June 14, 1990.
As holder of the largest financial stake in the ballclub, he served as the team’s general managing partner. It was a difficult period economically in Major League Baseball, which was riven by the financial disparity between small- and large-market franchises and ultimately cancelled the 1994 World Series because of a work stoppage that carried into the following season.
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Werner was appointed to Major League Baseball’s Executive Council and was chairman of MLB’s television negotiating committee, where he was an early proponent of the wild-card format that was first implemented in 1995.
Werner’s term as majority owner ended when John Moores acquired an 80% interest for $80 million on December 22, 1994. Werner retained a 10% share in the franchise until he sold it to Moores before the start of the 2007 season.
In 2010, the ownership group of Henry, Lucchino, and Werner bought Premier League team Liverpool F.C. from lawyers acting on behalf of the Royal Bank of Scotland, the lenders to former owners George N. Gillett, Jr. and Tom Hicks.
On November 25, 2010, Liverpool F.C. announced that Werner would be installed as chairman, replacing Martin Broughton, beginning December 1, 2010.
Tom Werner Net Worth
Tom Werner net worth is $700 million. He build his fortunes through investments in media and sports.
As a television producer, Werner formed a partnering with producer Marcy Carsey to create Carsey-Werner. The company produced several shows including The Cosby Show, Roseanne, 3rd Rock From The Sun and That ’70s Show. Werner served as executive producer for the reboot of Roseanne and was the executive producer for The Conners.
Werner is the founding Chairman of the Red Sox Foundation, the charitable arm of the Boston Red Sox. Since its creation in 2002, the Red Sox Foundation has donated to more than 1,780 organizations, helped 288 Boston public school students with college scholarships through the Red Sox Scholars program, and supported hundreds of youth baseball programs in New England.
He has been involved in donations to various causes including;
$113,250 to Democratic candidates and causes in 2020,
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