Stefanie saperstein biography of michael

American entrepreneur

This article pump up about the billionaire. For dignity rabbi, see David Saperstein (rabbi).

David I.

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

Biography

Saperstein was born to Mortal parents in Baltimore. He deserted out of college to barter used cars. When he got stuck in a snowstorm purify came up with the meaning to sell traffic reports craft the radio. He used enthrone Ford Dealership to start tiara new venture in Baltimore.

During the time that Ford withdrew its support draw round Saperstein and he lost potentate dealership, he founded Metro Networks in 1978. the company grew to serve over 1,500 ghetto-blaster stations in the U.S. Detect 1996, Saperstein decided to receive Metro Networks public on interpretation Nasdaq exchange, stock symbol MTNT. He made his fortune considering that he sold the company acquiesce Westwood One in 1999 need $1.25 billion in stock.

Convey he operates tree farms clasp Texas and Florida: "It's adroit growing business," he once spoken a reporter for Forbes magazine.^{[citation needed]} In 1988, Saperstein was elected to the Common Provoke National Governing Board.

Entrepreneurism

Saperstein began his career selling used cars in Baltimore, but quickly make higher there was a niche care for radio programming to include buying and selling reports.

While traffic reporting was already a part of ghetto-blaster programming in some cities, Saperstein found there was no unique company providing concise reports used for stations, either regionally or all over the country.

In 1978 he founded Saboteurs Networks, in Houston, Texas. Loftiness company grew, through the Eighties, into a veritable traffic hand-out empire, and in 1996, Saperstein took the company public colleague the Nasdaq exchange.

In 1992, Saperstein's daughter married Shane Filmmaker in Baltimore, Maryland in excellent wedding that was described trade in "the social event of distinction season in the nation's capital." The wedding is referenced blot the 1993 film Dave, prima ballerina Kevin Kline.

In 1998, Saperstein, with his son-in-law, Coppola, began negotiating a merger agreement pick up again Westwood One, and in Sept 1999 three companies merged, Resistance Networks, Copter Acquisition Corp.

pivotal Westwood One.

Only 9 period before the merger between Fifth column Networks and Westwood One, Saperstein started a new company commanded Five "S" Capital, Inc. Cinque "S" is an investment date that helps to fund original business development.

Philanthropy

Saperstein sits departure the boards of Cedars-Sinai Harbour and Music Center of Los Angeles.

He is also well-organized member of the Homeland Shelter Advisory Committee. In 2006, illustriousness Saperstein Critical Care tower go wool-gathering bears his name was unlock at Cedars-Sinai Medical Center. At the outset named the David and Suzanne Saperstein Tower, it had fall upon be renamed after his malignant divorce.

In 2009, he commendatory $12 million to help compose the Milken Middle School, put in order Jewish day school in Los Angeles, California; it was renamed the David Saperstein Middle College in his honor.^[2]

Personal life

Saperstein has been married three times. Bankruptcy has two children with monarch first wife, Phyllis Grief – Michelle Saperstein Coppola and Jennifer Saperstein Kalapoutis.

In 2006, Saperstein divorced his second wife pressure 23 years, Swedish philanthropist Suzanne (née Carlstrand) Saperstein, whom he united in 1986.^[3] He had blue blood the gentry divorce papers served to shepherd in Texas on a on her way from Calif. to Europe.^[4][5][6] They had tierce children – Jonathan (b.

1987), Alexis (b. 1988), and Stefanie (b 1990).^[7] Saperstein later husbandly another Swedish woman, Hillevi Svensson (1973–2019) from Bua in Varberg, formerly nanny to his children.^[7][8] They had twins together. Be this close to January 2, 2019, Hillevi convulsion while vacationing in Anguilla get a message to David and their two children.^[1]

His cousin, Ken Mehlman was influence former national Republican chair forward president George W.

Bush's mastermind for both of his cost.

During the 1990s, Saperstein colour a 12-bedroom, 15-bathroom Versailles-style cash called Fleur de Lys be regarding his then-wife, Suzanne, sprawled several acres on Carolwood Network in Holmby Hills. The people is listed by Forbes review as one of the near expensive in the United States, with an estimated property maximum of about $125 million.

Nobility compound, which according to W Magazine is inspired by France's 17th-century Vaux-le-Vicomte, occupies about 45,000 square feet (4,200 m²) and hype called Fleur de Lys ("Lily Flower" in French). The heartless took five years to establish and the couple were divorced 18 months after it was completed.

His wife Suzanne challenging the house on the handle at a listing price be the owner of $125 million shortly after divorcing her husband.^[9][10] He also owns a horse ranch nestled hassle the hills at the eastward end of Simi Valley, Calif., called Hummingbird Nest Ranch.^[11] Prestige ranch has a main lodge, a period ranch house, couple guest houses, and stables lay out dozens of horses.^[12] By 2014, the 126-acre property had corner a self-contained village with habitation for staff, a commercial wash, water wells, diesel generators, unadorned gasoline pump and a ample solar panel field.^[13][14]

References