Wasserman Casey Worth: Casey Wasserman is the former owner of the Los Angeles Avengers, a former Arena League football franchise, and an American entertainment and sports agent. It’s estimated that Casey Wasserman’s net worth is $400 million.
It was in Los Angeles in 1974 that Casey Wasserman was born. Son of Lynn Wasserman, a well-known socialite in Los Angeles, and her ex-husband Jack Myers. In honour of his famed agency grandfather Lew Wasserman, Casey Wasserman adopted his mother’s maiden name when his parents split.
In Political Science, Casey Wasserman received a Bachelor of Arts degree from UCLA. Lew Wasserman, MCA’s executive director, claims to be his biggest mentor. From the time Casey was a youngster until the elder Wasserman’s death in 2002, the two would eat breakfast together every Saturday and Sunday.
AFL franchise rights cost Casey around $5 million in 1998, making Casey the youngest person to own a professional sports team in the history of sports. Waterman Media Group is a sports marketing and talent management firm founded by Casey Wasserman in that year. Lew Wasserman and his wife Edie started the Wasserman Foundation, a philanthropic organisation, in 1952. Wasserman serves as the Foundation’s President and CEO.
Casey Wasserman Early life
On July 7th, 1974, Casey Wasserman was born in Los Angeles, CA. Lynne Wasserman and Jack Myers, a Los Angeles socialite and philanthropist, are his parents. Because his parents divorced while he was a child, he was forced to use the surname of his mother. He later said that his biggest teacher in life was his grandfather, Lew Wasserman.
A few years before his death in 2002, Casey recalled in an interview how he had breakfast with him practically every morning up until then. Casey accumulated a wealth of knowledge during their time together that has served him well throughout his life.
As a political science major, Casey attended the University of California, Los Angeles. His first job out of college was in investment banking.
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Casey Wasserman Personal life
It has been revealed that Casey is married to Laura Ziffren and that he serves as CEO of the Wasserman Foundation, which was created by his grandpa in 1952 and focuses on charitable endeavours.
He also serves on two of the Motion Picture and Television Fund’s three boards of directors. The next year, Wasserman co-chaired a fundraiser for Hillary Clinton’s presidential campaign, advocating for Los Angeles to bid for the 2024 Summer Olympics.
Casey Wasserman Net Worth
As of 4 December 2020, Casey Wasserman’s estimated Net Worth was $2.83 Million USD. Over the past seven years, Mr. Wasserman has sold more than $807,666 worth of Activision Blizzard Inc (ATVI) shares. Activision Blizzard Inc. pays him an additional $344,934 as an Independent Director.
Casey Wise put his Beverly Hills mansion on the market for $125 million in October of last year. There are three acres of land on which he erected the 18,000 square-foot house. His grandfather owned two of the properties. From the estate of Frank Sinatra, the third lot was purchased. Casey demolished the existing structures on all three parcels and replaced them with a single mega-mansion. Located on three acres, the mansion boasts an 85-foot infinity pool and enough for up to 30 vehicles. David Geffen, the music billionaire, bought the mansion in June 2020 for $68 million.
Casey spent $23 million on a Beverly Hills property in August 2020.
Casey Wasserman Career
Los Angeles Avengers were purchased by Wasserman in 1998. He paid about $5 million for the franchise rights and was elected head of the league despite his youth.
A pioneering national television contract, and the league’s collective bargaining agreement with its players were negotiated in 2002 by his administration. As of Saturday, April 18, 2009, Wasserman informed the de facto commissioner of the Arena Football League via email that the Los Angeles Avengers had decided to discontinue their affiliation with the league.
Even back in 1998, Wasserman started a sports marketing and talent management agency named Wasserman (then known as Wasserman Media Group), and he is still CEO. In 2016, the Wasserman Media Group relaunched as “Team Wass” and dropped the name “Wasserman.”
Los Angeles Mayor Eric Garcetti tapped Casey Wasserman to spearhead the city’s Olympic bid in 2014. This year, Paris was chosen to host the Summer Olympics in 2024, while Los Angeles was selected for the Summer Olympics in 2028 by the International Olympic Committee.
According to reports, Wasserman wrote to IOC President Thomas Bach pushing him to change Rule 50, which stipulates; “No type of demonstration or political, religious and racial propaganda is authorized in any Olympic sites or venues or other locations”.
He said in his letter to the IOC that being anti-racist is not political, and asked that the rules that underpin Rule 50 of the Olympic Charter be changed so that anti-racist activism can take place on the Olympic stage.
Wasserman is also quite active in the philanthropic community. The Los Angeles Police Foundation receives considerable funding from the Wasserman Foundation (LAPF). As a board member of Activision Blizzard since 2015, Wasserman serves on the Nominating and Corporate Governance Committee as one of three members of the committee.
CEO Bobby Kotick was accused by The Wall Street Journal in November 2021 of hiding sexual abuse reports, including allegations of rape, from his employees. The Board has been criticized for its continued support of Kotick.