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Haim Saban
#1318

Haim Saban

Source of wealth: TV network, investments

Net Worth

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Biography

Haim Saban turned his success with children's TV show "Mighty Morphin Power Rangers" into Fox Family Channel, a joint venture with News Corp.

Saban, who repurchased Power Rangers back in 2010, sold it for a second time in 2018, this time to Hasbro in a $522 million deal.

Saban and a group of private equity investors purchased Spanish language TV Network Univision Communications for $13.7 billion in 2007.

In February 2020, Univision agreed to sell a majority stake for an undisclosed price to two firms: Searchlight Capital Partners and ForgeLight LLC.

The Sabans, who have given $230 million to various organizations and initiatives, pledged $50 million to the forthcoming Academy Museum of Motion Pictures in 2017.

Financial Assets

Financial assets information not available.

The Great Lie of Mega-Fortunes: The Case of Haim Saban

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Haim Saban, linked to Media & Entertainment and 'TV network, investments', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 23 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 1.5 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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