Ed Snider Net Worth

Net Worth: $2.5 Billion
  • Source of Wealth:

    Comcast Spectacor
  • Age:

  • Birth Place:

    Washington D.C.
  • Marital Status:

    Married (Lin Spivak)
  • Full Name:

    Edward M. "Ed" Snider
  • Nationality:

    United States
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About Edward M. "Ed" Snider

American businessman Ed Snider has an estimated net worth of $2.5 billion in 2012. Snider is known to be the Chairman of Comcast Spectacor, a sports and entertainment company based in Philadelphia. Comcast Spectacor currently owns the Wells Fargo Center,  Global Spectrum, Comcast SportsNet and National Hockey League's the Philadelphia Flyers. He is the previous owner of the National Basketball Association's the Philadelphia 76ers.

Edward M. Snider was born on January 6, 1933 in Washington, D.C. After graduating from  the University of Maryland, he became a partner in a recording company Edge Ltd. When the company was sold, he became one of the owners of the Philadelphia Eagles where he owned 7% stake. Currently, Ed Snider is married to Lin Spivak with whom he has six children named Craig, Jay, Lindy, Tina, Sarena, and Samuel.

It was in 1974 when Spectacor was formed and became the holding company for Spectrum and the Flyers. Under his direction, Spectacor was able to acquire more companies. Later on, he sold Spectacor's 66% stake to Comcast which led to the creation of Comcast Spectacor. Together with the Philadelphia Phillies, Comcast Spectacor formed the Comcast SportsNet in 1996. Comcast SportsNet then bought the Philadelphia 76ers.