Getting To Know The Real Dan Snyder: A Self-Made Man
Daniel Snyder is the current owner of the Washington Redskins American football team.
His commitment and business acumen led to the Redskins becoming the second most valuable franchise in the National Football League.
The Redskins is the highest grossing team in the NFL, earning nearly 350 million US dollars in revenue just in the 2009 season.
The Redskins would not be in such position if not for Snyder's wise business decisions like selling the rights to name the Redskins' Jack Kent Cook Stadium to FedEx and by increasing sponsorship revenues.
At this time, the Redskins team's value is close to two billion; roughly 100% more than what it was worth when Snyder bought it and became its owner in 1999.
Snyder is already a self-made man years before he became the owner of the Redskins.
Amazingly, he became the youngest head honcho of a company quoted in the New York Stock Exchange.
This happened in 1996 after the initial public offering of his marketing firm.
He was thirty-two then.
Despite being a University of Maryland dropout, Daniel Snyder already made his first million by the age of 20 by selling trip packages and leasing jets to college students who wanted to travel to spring break destinations in Florida and the Caribbean.
Snyder did not come from an affluent family, and to cut down on capital costs he transformed his parent's bedroom into a makeshift home office.
By 1988 at the age of 23 he established a marketing company which he named Snyder Communications.
The company is into advertising and marketing.
The company is best known for their creative advertising ventures like WallBoards and for handing out product samples in daycare centers.
The business was so successful that Snyder was able to purchase his first jet in 1991.
His age then - twenty-six, an age where most of us are still wondering if we chose the right course in college.
Through the years, the company experienced accelerated growth through a string of acquisitions.
At the turn of the second millennium, Snyder sold the company to a Havas, a global advertising and communications services group and the second biggest of its kind in France, so that he can give full attention to his new acquisition, the Redskins.
Havas purchased SNC for $2 billion.
Just before the French company took over, the equity value of Snyder's advertising company was only $1.
3 billion.
Daniel Snyder also owns a string of business unrelated to football.
Apart from Red Zebra Media Company, he also bought Johnny Rockets chain of restaurants and Dick Clark productions.
His commitment and business acumen led to the Redskins becoming the second most valuable franchise in the National Football League.
The Redskins is the highest grossing team in the NFL, earning nearly 350 million US dollars in revenue just in the 2009 season.
The Redskins would not be in such position if not for Snyder's wise business decisions like selling the rights to name the Redskins' Jack Kent Cook Stadium to FedEx and by increasing sponsorship revenues.
At this time, the Redskins team's value is close to two billion; roughly 100% more than what it was worth when Snyder bought it and became its owner in 1999.
Snyder is already a self-made man years before he became the owner of the Redskins.
Amazingly, he became the youngest head honcho of a company quoted in the New York Stock Exchange.
This happened in 1996 after the initial public offering of his marketing firm.
He was thirty-two then.
Despite being a University of Maryland dropout, Daniel Snyder already made his first million by the age of 20 by selling trip packages and leasing jets to college students who wanted to travel to spring break destinations in Florida and the Caribbean.
Snyder did not come from an affluent family, and to cut down on capital costs he transformed his parent's bedroom into a makeshift home office.
By 1988 at the age of 23 he established a marketing company which he named Snyder Communications.
The company is into advertising and marketing.
The company is best known for their creative advertising ventures like WallBoards and for handing out product samples in daycare centers.
The business was so successful that Snyder was able to purchase his first jet in 1991.
His age then - twenty-six, an age where most of us are still wondering if we chose the right course in college.
Through the years, the company experienced accelerated growth through a string of acquisitions.
At the turn of the second millennium, Snyder sold the company to a Havas, a global advertising and communications services group and the second biggest of its kind in France, so that he can give full attention to his new acquisition, the Redskins.
Havas purchased SNC for $2 billion.
Just before the French company took over, the equity value of Snyder's advertising company was only $1.
3 billion.
Daniel Snyder also owns a string of business unrelated to football.
Apart from Red Zebra Media Company, he also bought Johnny Rockets chain of restaurants and Dick Clark productions.