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Jerry Perenchio Net Worth

Emmy Wallin

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Jerry Perenchio Net Worth

What is Jerry Perenchio’s net worth? 

Net Worth:$2.7 Billion
Age:86
Born:December 20, 1930 - May 23, 2017
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:2021

Introduction  

Jerry Perenchio was an American billionaire businessman and philanthropist.

Perenchio was at one time the chairman and chief executive officer of Univision. He passed away on the 23rd of May, 2017. 

At his time of passing, Jerry Perenchio’s net worth was estimated to be roughly $2.7 billion. 

 

Early Life 

Jerry Perenchio was born on the 20th of December, 1930, in California.

He was the grandson of Italian immigrants Giovanni Batiste Perenchio and Madeline D’Adda. His grandfather established the Fresno Grape Exchange. 

Perenchio was raised in Fresno until the age of 15, when he was sent to Black Foxe Military Institute in Los Angeles for three-and-a-half years, graduating in 1949. He then financed his own way through college, first with a series of odd jobs and then by establishing a small company – Party Management. 

 

Career 

In 1971, Perenchio co-promoted the World Heavyweight bout aka ‘Fight of the Century’ between Muhammad Ali and Joe Frazier at Madison Square Garden.

He also produced the ‘Battle of the Sexes’ which was a tennis match between Billie Jean King and Bobbie Briggs, and was a producer of popular shows like ‘The Jeffersons’ and ‘Diff’rent Strokes.’

Perenchio united with ‘All in the Family producer Norman Lear to form Embassy Communications. In 1986, they sold Embassy to Coca-Cola for $485 million. That’s the same as $1.2 billion in today’s dollars.

He took his share of the windfall and reinvested in television. Alongside his media partners, he bought the Spanish channel Univision for $550 million in 1992. At the time of his death in 2017, Jerry’s 16% stake in Univision was worth $1.3 billion.

Perenchio was a longtime Republican donor. He was a major philanthropist, and he has supported numerous causes. In 2010, he donated $4.8 million to the UCLA Foundation 

At his time of passing, Jerry Perenchio’s net worth was estimated to be roughly $2.7 billion. 

 

How Does Jerry Perenchio Spend His Money?

Jerry Perenchio spent his money on real estate and on charity work. 

 

Jerry Perenchio’s Former Homes

In 1986, Perenchio purchased an estate in LA’s Bel-Air neighborhood. The estate, which is called “Chartwell”, was famous for being used in the opening credits of the television series “The Beverly Hillbillies”. The same year, Ron and Nancy Reagan moved into a house next door. Several months after his death, the estate was listed for $350 million. 

 

Jerry Perenchio’s Charity Work

Throughout his life, he has spent a fortune helping different charities and organizations. 

 

Highlights

Here are some of the best highlights of Jerry Perenchio’s career:

  • Chairman and chief executive officer of Univision
  • Perenchio joined MCA in the Band and Act Department (1958)

 

3 Life Lessons from Jerry Perenchio  

Now that you know all about Jerry Perenchio’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him: 

 

1. Do It 

Do what you have always done, and you’ll get what you have always got.

 

2. The Journey 

Focus on the journey, not the destination.

 

3. Fight 

You may have to fight a battle more than once to win it. 

 

Summary 

Jerry Perenchio was an American entertainment executive.

Perenchio was best known for being the CEO of Univision. Univision was the largest Spanish network in the US. He was also the former agent for Marlon Brando and Elizabeth Taylor, among other stars.

He produced several sports events including the ‘Battle of the Sexes’ tennis match between Billie Jean King and Bobbie Briggs, and the ‘Fight of the Century’ between Muhammad Ali and Joe Frazier.

At his time of passing, Jerry Perenchio’s net worth was estimated to be roughly $2.7 billion. 

What do you think about Jerry Perenchio’s net worth? Leave a comment below. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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