Facts of Todd Wagner
|Full Name||Todd R Wagner|
|Birth Name||Todd R. Wagner|
|Birth City||Gary, Indiana|
|Birth Country||United States of America|
|Education||Merrillville High School, Indiana University, University of Virginia|
|Date of Birth||August 2,1960|
Todd R. Wagner is a famous American entrepreneur and film producer who is widely known as the co-founder of Broadcast.com. He, however, is also renowned as the CEO and founder of a company named Charity Network that raises and organize regular fundraising.
The 59-years-old Todd is also the co-owner of 2929 Entertainment along with American investor and businessman Mark Cuban with many other entertainment companies. Todd still continues to invest and nurture the start-ups in the Dallas Mavericks.
Todd Wagner Net Worth Is In Billions
To be exact, Todd started his entrepreneur and business career in 1995 after he launched AudioNet with Mark Cuban. The company is the platform for broadcasting live sports events and radio stations over the internet.
Todd was the CEO of the company, and with hard work and dedication, their company grew at a high level and later expanded its services, including business service and corporate events.
While talking about Todd Wagner’s net worth in 2019, he is a self-made billionaire. The Richest reported that his net worth in 2019 is $1.2 billion, whereas Celebrity Net Worth claim it as $1.5 billion.
As of September 2019, Forbes reported that his net worth is $1.8 billion. The business ventures and entrepreneurship are his main income sources. He joined the billionaire ranks after selling a video portal Broadcast.com to Yahoo back in 1999.
Todd is the co-chairman and founding partner of Content Partners LLC. INC reported that the average start-up founder earns an annual salary of $100 thousand. As he is a self-made billionaire and investing in billions, his salary is in millions.
Assets, Shares, And Charities
As mentioned above, Todd joined billionaire ranks in 1999 after he sold video portal Broadcast.com to Yahoo. The sale was made for $5.7 million. The deal did not just benefit Todd and his partner, Mark, but also their 300 employees. Their employees became millionaires.
Todd safeguarded his shares against the dot-com bubble’s huge burst with put options. After their investment became successful, they continued investing together in ventures like AXS TV, Magnolia Pictures, and Landmark Theaters.
The entrepreneur founded and is currently running an online fundraising platform Charity Network that has raised over $200 million for the charity since it started in 2014.
Path To Billionaire
The former CEO of AudioNet, Todd graduated from the University of Virginia earning his J.D. and later got enrolled at the Indiana University. His professional career as a lawyer and CPA started in Dallas, Texas with being engaged in numerous national firms.
Todd’s entrepreneur career started in 1995 when he teamed up with the Indiana alum and future owner of Dallas Mavericks Mark Cuban. They launched a company together that broadcast live sports and radio stations over the internet.
Todd first worked as a CEO of AudioNet which was later converted to Broadcast.com. The share climbed to 249% on an opening day. Four years later, Yahoo! Purchased the Broadcast.com for the worth of $5.7 billion. Even it was sold, Todd stayed in the company until 2000.
In the following year, he launched his own organization named the Todd Wagner Foundation that has numerous sub-programs. The Dallas After School All-Stars dedicates on providing technology, academy programs, and sports or the inner-city children.
Todd and his business partner, Mark own and operate the Wagner/Cuban Companies, 2929 Productions, that have put together two Oscar-nominated movies; Enron: The Smartest Guys in the Room and Good Night, and Good Luck.
Todd also owns a stake in the companies like The Weinstein Company, Lions Gate Entertainment, and Cuban’s Dallas Mavericks.
Lavish Mansion And Lifestyle
The billionaire co-owns a lavish mansion in Palm Harbor, Florida where champions like Thomas, Harold Varner III, Daniel Berger, Bud Cauley, and Patrick Rodgers stayed for the Valspar Championship.
The large house, which spreads up to 40,000 square feet, used to be the house of Matt Geiger when the house was only 20,000 square feet.
(Fun Fact: The scenes of the movie The Punisher was filmed there.)
As per The Tampa Bay Times, Todd purchased the house back in 2011 and later bought around $1.5 million in renovations. He also spent $400 thousand just only to build a privacy wall to surround the complex.
While describing his feelings on being a billionaire, Todd explained that the emotion is just like winning a lottery.
Living A Low-Key Profile Married Life With Wife
The secretive Todd is a married man and is living a healthy relationship with wife Kari Wagner. Sources have reported that Todd and Kari tied the knot a long ago and is living a blissful life together.
The Billionaire Was Born In Indiana
Todd R. Wagner was born on 2nd August 1960, and is 59 years old, as of 2019. He was born in Gary, Indiana, the United States of America. He is of American nationality and belongs to the white ethnicity.
Todd completed his high school education from Merrillville High School and later joined and graduated from Indiana University in 1983.
He studied law at the University of Virginia and then moved to Dallas, Texas where he became a licensed CPA. He worked in a couple of national firms like Strauss, Hopkins & Sutter, Gump, and Akin.