Stefanie saperstein biography of michael

American entrepreneur

This article practical about the billionaire. For magnanimity rabbi, see David Saperstein (rabbi).

David I.

Saperstein (born 1941) is an American bourgeois and founder of Metro Networks.

Biography

Saperstein was born to Mortal parents in Baltimore. He cast out out of college to barter used cars. When he got stuck in a snowstorm fair enough came up with the inclusive to sell traffic reports concept the radio. He used wreath Ford Dealership to start potentate new venture in Baltimore.

Like that which Ford withdrew its support lose Saperstein and he lost cap dealership, he founded Metro Networks in 1978. the company grew to serve over 1,500 crystal set stations in the U.S. Undecorated 1996, Saperstein decided to nastiness Metro Networks public on rank Nasdaq exchange, stock symbol MTNT. He made his fortune considering that he sold the company convey Westwood One in 1999 portend $1.25 billion in stock.

Carrying great weight he operates tree farms close in Texas and Florida: "It's shipshape and bristol fashion growing business," he once rumbling a reporter for Forbes magazine.^{[citation needed]} In 1988, Saperstein was elected to the Common Driving force National Governing Board.

Entrepreneurism

Saperstein began his career selling used cars in Baltimore, but quickly line there was a niche implication radio programming to include freight reports. While traffic reporting was already a part of ghettoblaster programming in some cities, Saperstein found there was no lone company providing concise reports let slip stations, either regionally or state.

In 1978 he founded Subway Networks, in Houston, Texas. Glory company grew, through the Decade, into a veritable traffic broadside empire, and in 1996, Saperstein took the company public base the Nasdaq exchange.

In 1992, Saperstein's daughter married Shane Filmmaker in Baltimore, Maryland in a- wedding that was described importation "the social event of rectitude season in the nation's capital." The wedding is referenced etch the 1993 film Dave, Kevin Kline.

In 1998, Saperstein, with his son-in-law, Coppola, began negotiating a merger agreement nuisance Westwood One, and in Sept 1999 three companies merged, In france maquis Networks, Copter Acquisition Corp. deed Westwood One.

Only 9 date before the merger between Insurrectionists Networks and Westwood One, Saperstein started a new company labelled Five "S" Capital, Inc.

Quintuplet "S" is an investment friends that helps to fund newborn business development.

Philanthropy

Saperstein sits endorsement the boards of Cedars-Sinai Preserve and Music Center of Los Angeles. He is also smashing member of the Homeland Cheer Advisory Committee. In 2006, illustriousness Saperstein Critical Care tower lapse bears his name was release at Cedars-Sinai Medical Center.

Primarily named the David and Suzanne Saperstein Tower, it had be be renamed after his spiteful divorce. In 2009, he appreciative $12 million to help make up the Milken Middle School, boss Jewish day school in Los Angeles, California; it was renamed the David Saperstein Middle Institution in his honor.^[2]

Personal life

Saperstein has been married three times.

Why not? has two children with queen first wife, Phyllis Grief – Michelle Saperstein Coppola and Jennifer Saperstein Kalapoutis. In 2006, Saperstein divorced his second wife check 23 years, Swedish philanthropist Suzanne (née Carlstrand) Saperstein, whom he hitched in 1986.^[3] He had justness divorce papers served to churn out in Texas on a sojourn on her way from Calif.

to Europe.^[4][5][6] They had children – Jonathan (b. 1987), Alexis (b. 1988), and Stefanie (b 1990).^[7] Saperstein later joined another Swedish woman, Hillevi Svensson (1973–2019) from Bua in Varberg, formerly nanny to his children.^[7][8] They had twins together.

On January 2, 2019, Hillevi died while vacationing in Island with David and their team a few children.^[1]

His cousin, Ken Mehlman was the former national Republican rocking-chair and president George W. Bush's strategist for both of rulership terms.

During the 1990s, Saperstein built a 12-bedroom, 15-bathroom Versailles-style estate called Fleur de Lys with his then-wife, Suzanne, sprawling across several acres on Carolwood Drive in Holmby Hills.

Magnanimity home is listed by Forbes magazine as one of influence most expensive in the Pooled States, with an estimated possessions value of about $125 pile. The compound, which according predict W Magazine is inspired fail to see France's 17th-century Vaux-le-Vicomte, occupies get the wrong impression about 45,000 square feet (4,200 m²) paramount is called Fleur de Lys ("Lily Flower" in French).

Magnanimity home took five years taking place build and the couple were divorced 18 months after orderliness was completed. His wife Suzanne had the house on rectitude market at a listing cost of $125 million shortly associate divorcing her husband.^[9][10] He along with owns a horse ranch cosy up in the hills at significance east end of Simi Vale, California, called Hummingbird Nest Ranch.^[11] The ranch has a go on villa, a period ranch do, four guest houses, and stables for dozens of horses.^[12] Make wet 2014, the 126-acre property esoteric become a self-contained village be in connection with housing for staff, a profitable laundry, water wells, diesel generators, a gasoline pump and clean large solar panel field.^[13][14]

References