, which merged with Ticketmaster in 2010 after much government scrutiny, and today is valued at nearly $15 billion. Fourteen years ago, Forbes listed Sillerman on its list of the 400 richest individuals at number 375 with a net worth of $975 million.
With famed DJ “Cousin” Bruce Morrow, he bought a pair of upstate New York radio stations, then began acquiring a series of radio frequencies and TV stations on the East Coast and Atlanta. In 1985, he partnered with Carl Hirsch’s Legacy Broadcasting to acquire radio stations in Los Angeles, Denver, Detroit, Minneapolis, Washington DC, Houston, Philadelphia and New York. The company merged with a unit of Westinghouse Broadcasting in 1989 in a transaction worth a then-record $727 million.
At that point, the renamed SFX Entertainment held on to a pair of small concert promoters, eventually turning the company into the world’s largest producer and presenter of live entertainment, selling the company to Clear Channel for $4 billion in 2000.
Does this mean we can enjoy real music now?
He looks like he’s at GWAR concert.