Peter Chernin Net Worth 2021 | Film Producer, Businessperson, Investor | Net Worth Records

Businessman

Overview

NET WORTH

$400M

EDUCATION

University of California, Berkeley

Industry

Media

ZODIAC SIGN

Gemini

Citizenship

United States

BIRTH DATE

May 29, 1951 (age 69)

PETER CHERNIN

Peter Chernin is an American entertainment and media executive who has a net worth of $400 million. Peter Chernin was born in Harrison, New York in 1951 and received his B.A. in English Literature from the University of California, Berkeley. Peter Chernin Net Worth is $400 million.

Peter Chernin Net Worth Summary

100% Overall

Peter Chernin Net Worth is $400 million.

33%
Cash Money
33%
Private Asset
34%
Public Asset

PETER CHERNIN Basic Information

Name

Peter Chernin

Nick Name

Chernin

Date of Birth / Age

May 29, 1951 (age 69)

Zodiac Sign

Gemini

Source of Wealth / Profession

Salary / Winnings

$389,852

Sponsors

N/A

Email

N/A

PETER CHERNIN Personal Information

Present Address

United States

Language

English

Nationality /Citizenship/ Country

United States

PETER CHERNIN Body Features & Measurements

Height

6’2’’

Eye Color

Black

Hair Color

Brown

Weight: KG/lbs

79 kg

Shoe Size

N/A

Body Type

N/A

PETER CHERNIN Family Information

Father’s Name

Herbert Chernin

Mothers Name

Mary Chernin

Brother & Sister's

N/A

Marital Status / Married

Married

Children

3

Relatives

N/A

PETER CHERNIN Education Qualifications

School Name

N/A

College Name

University of California, Berkeley

University Name

University of California, Berkeley

PETER CHERNIN Career Information

PETER CHERNIN Social Networks, Web Links

Peter Chernin Net Worth

Who Is PETER CHERNIN

Peter Chernin is an American entertainment and media executive who has a net worth of $400 million. Peter Chernin was born in Harrison, New York in 1951 and received his B.A. in English Literature from the University of California, Berkeley. Peter Chernin is one of the most powerful media and entertainment executives in the world. He served as President and COO of News Corporation from 1996-2009 where he headed Twentieth Century Fox Filmed Entertainment as well as Fox Broadcasting Company. During his time running Fox, the studio produced the two top-grossing movies of all time, "Titanic" and "Avatar". Under Peter Chernin, Fox's broadcast and cable groups experienced tremendous growth. He was instrumental in Fox's expansion into sports broadcasting. Under his tenure, Fox's network schedule grew from two nights of original programming per week to seven. Peter Chernin is currently the Chairman and CEO of The Chernin Group. The firm invests, manages and operates businesses in the media-specifically content for film and television as well as technology and media. In 2013, Chernin led a group which made $500 million bid for the streaming video website Hulu. He sits on the Boards of American Express, Pandora, and Twitter. Peter Chernin and his wife Megan have three grown children.
In 2016, The Chernin Group bought a 50% stake in Barstool Sports for $10-15 million. By 2018 he had invested a total of $25 million to increase his stake to 60%. In January 2020, Penn National Gaming bought a 36% stake in Barstool at a valuation of $450 million. Chernin's stake after the transaction was reduced from 60% to 36%.


Peter Chernin' Family :

Peter was born on May 29, 1951, and he was born in Harrison, New York. His mother’s name is Son Chernin, and his father’s name is Herbert Chernin. His father was Jewish, and he was raised in Unitarian


Peter Chernin' Education:

He has earned his B.A. degree in English literature, and he received this degree from the University of California, Berkeley. Peter attended the University of California, Berkeley and graduated with a degree in English literature. After school, he slowly worked his way into the business world, starting off as an associate publicity director at St. Martin’s Press and then an editor at Warner Brooks.


Peter Chernin' Career in Finance:

Peter joined the Fox in the year 1989, and he transitioned from Lorimar Film Entertainment. He served as the President and Chief Operating Officer there. Peter has also served as an executive vice president of programming and marketing for the Showtime/The Movie Channel. Before this, he was the vice president of Development and Product at the David Gerber Company. He also began with his career in publishing as the associate publicity director of the St. Martin’s Press, and later, he became an editor of the Warner Books.
Before starting with TCG, he served as the president and the COO of News Corporation and the Chairman and CEO of Fox Group from the year 1996 to 2009. He was responsible for overseeing the diversified global operation in the five continents, and it included the production and distribution fo the film and TV programming.
During his two-decade tenure with the company, he gained an immense reputation as an executive, and he was known to have a unique mastery of the creative as well as the corporate sides of the entertainment business. He also headed the Twentieth Century Fox Filmed Entertainment. His leadership in Twentieth Century Fox Filmed Entertainment was responsible for the production of two top-grossing movies of all the time which are Titanic and Avatar.
The News Corporation cable network also experienced explosive growth during his tenure, and it went from zero to 400 million cable subscribers in less than ten years. But later in 2009, it was rumored that he was going to leave the position at News Corp., and this would happen when his contract would expire. It was also rumored that he would be replaced by the media executive of the company, James Murdoch, who is the youngest son of Rupert Murdoch. On June 4, 2009, it was reported that Carey was now his successor at this position.
Peter was later approached in October 2010 by Tribune to be Chairman of the board of CEO, and he then dismissed that he was interested in any this kind of opportunity.
After he left the News Corp, he has been Chairman of TCG, which is his own company, and TCG’s current biggest asset is Chernin Entertainment. It is an entertainment production company with a majority stake in the CA Media. He also has investments in many USA based technology companies, which include Pandora, FullScreen, Tumblr, Flipboard, and Barstool Sports.


Peter Chernin' Net Worth Details & History:

Jn 1996 Chernin moved to become the CEO and president of News Corporation, one of the world’s largest media companies, and he helped develop the company to spread over five continents, and is responsible for helping the company transition into digital space. He started to become known for his prowess in both the corporate and creative side of the company, which included helping improve Twentieth Century Fox and the Fox Broadcasting Company. Under his leadership, Fox would create two of the highest grossing films of all time – “Titanic” and “Avatar”. He also helped Fox become the number one supplier to all television networks. In less than 10 years he lead News Corporation in gaining more than 400 million cable subscribers, and owns many of the biggest channels; these include National Geographic, SPEED, Fox News Channel, and FX. In 2009, it was rumoured that he would be leaving the company when his contract expired, and the rumor proved to be true, as he left the company to pursue other ventures, but with a very healthy net worth.

During this time, he was approached by several other companies, but instead went on to create his own The Chernin Group or TCG. The company would help invest in a lot of popular media and technology companies; these include Tumblr, Pandora, and Flipboard. They also have a production company entitled Chernin Entertainment, which helped produce “Rise of the Planet of the Apes”, “Oblivion” and “The Heat”.

In 2010, TCG expanded to create CA Media, which aims to help build businesses in Asia. It has invested in mixed martial arts promoter Legend Fighting Championship, and then partnered with AT&T. Investing in Tumblr followed, but which was eventually sold to Yahoo for $1.1 billion. Aside from that, a few of their latest projects include the acquisition of Crunchyroll, and putting a stake in Barstool Sports. Chemin’s net worth has benefited from these successful projects over several years.

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