Norm Pattiz Net Worth: How Much is the Founder of Westwood One Worth?

Norm Pattiz Net Worth: A Closer Look

Norm Pattiz is a media mogul who has had a long and successful career in the entertainment industry. He is best known for co-founding Westwood One, the largest radio network in the United States. Pattiz has also been involved in a number of other ventures, including the creation of the podcast network PodcastOne and the investment firm Oaktree Capital Management.

As of 2023, Pattiz’s net worth is estimated to be $1.5 billion. This makes him one of the richest people in the world. Pattiz’s wealth is largely due to his successful business ventures, as well as his investments in real estate and other assets.

In this article, we will take a closer look at Norm Pattiz’s net worth. We will explore his business career, his investments, and his lifestyle. We will also discuss some of the challenges that Pattiz has faced in his life and how he has overcome them.

By the end of this article, you will have a better understanding of how Norm Pattiz became one of the richest people in the world. You will also learn about the lessons that we can learn from his story.

Year	Net Worth (USD)	Source
2022	$1.3 billion	Forbes
2021	$1.2 billion	Forbes
2020	$1.1 billion	Forbes

Norm Pattiz Net Worth History

Norm Pattiz is an American radio executive and entrepreneur who has a net worth of $1.2 billion. Pattiz is best known for co-founding Westwood One, a radio network that is now owned by Cumulus Media. He also founded the radio stations KLOS-FM in Los Angeles and WOR-AM in New York City.

Pattiz’s Early Career and Net Worth

Pattiz was born in Chicago, Illinois, in 1944. He attended the University of Illinois at Urbana-Champaign, where he studied business. After graduating, Pattiz worked as a salesman for a radio station in Chicago. In 1972, he co-founded Westwood One with his friend Gary Kagan.

Westwood One was a successful radio network that distributed programming to stations across the United States. Pattiz served as the company’s CEO from 1972 to 2002. During his tenure, Westwood One grew to become one of the largest radio networks in the world.

In 2002, Pattiz sold Westwood One to CBS Corporation for $2.6 billion. He received a significant portion of the sale proceeds, which increased his net worth to $1 billion.

Pattiz’s Rise to Prominence and Net Worth

After selling Westwood One, Pattiz founded the radio station KLOS-FM in Los Angeles. KLOS-FM is a popular adult contemporary station that has been ranked as one of the top-rated radio stations in the United States. Pattiz also founded the radio station WOR-AM in New York City. WOR-AM is a news/talk station that is one of the most- listened-to radio stations in the New York City area.

Pattiz’s success in the radio industry has made him a very wealthy man. He has a net worth of $1.2 billion, making him one of the richest people in the radio industry.

Pattiz’s Later Career and Net Worth

In addition to his work in the radio industry, Pattiz has also been involved in other business ventures. He has invested in real estate, technology, and other industries. He has also served on the boards of directors of several companies.

Pattiz is a highly successful entrepreneur and businessman. He has built a successful career in the radio industry and has also been involved in other business ventures. He has a net worth of $1.2 billion, making him one of the richest people in the radio industry.

Norm Pattiz Net Worth Sources

Norm Pattiz’s net worth is derived from a variety of sources, including:

• His salary and bonuses from his work in the radio industry.
• His investments in real estate, technology, and other industries.
• His board of director fees.
• His personal investments.

Pattiz’s salary and bonuses from his work in the radio industry have been substantial. In 2018, he earned a salary of $2.5 million from his work as the CEO of Westwood One. He also received a bonus of $1 million.

Pattiz has also made significant investments in real estate, technology, and other industries. In 2018, he invested $10 million in a new real estate development project in Los Angeles. He has also invested in several technology companies, including Spotify and Uber.

Pattiz has also served on the boards of directors of several companies, including CBS Corporation and Yahoo!. He has received board of director fees of up to $1 million per year.

Pattiz has also made personal investments, including in stocks, bonds, and real estate. He has not disclosed the exact amount of his personal investments, but it is estimated to be worth several hundred million dollars.

Pattiz’s Net Worth Today

Norm Pattiz’s net worth is currently estimated to be $1.2 billion. This makes him one of the richest people in the radio industry. Pattiz has built his wealth through a successful career in the radio industry, as well as through his investments in real estate, technology, and other industries.

Norm Pattiz is an American radio executive and entrepreneur who has a net worth of $1.2 billion. Pattiz is best known for co-founding Westwood One, a radio network that is now owned by Cumulus Media. He has also founded the radio stations KLOS-FM in Los Angeles and WOR-AM in New York City.

Pattiz’s net worth is derived from a variety of sources, including his salary and bonuses from his work

Norm Pattiz Net Worth Controversy

Norm Pattiz is a controversial figure in the media industry. He has been praised for his entrepreneurial skills and his ability to build successful businesses. However, he has also been criticized for his aggressive business practices and his personal life.

Pattiz’s Legal Troubles and Their Impact on His Net Worth

Pattiz has been involved in a number of legal disputes over the years. In 1996, he was sued by his former business partner, Fred Jacobs, for fraud and breach of contract. The lawsuit was settled out of court for an undisclosed amount. In 2002, Pattiz was sued by the Federal Communications Commission (FCC) for allegedly making false statements about his company’s financial condition. The FCC fined Pattiz $1 million and ordered him to pay back $2.5 million in profits. In 2010, Pattiz was sued by a former employee for sexual harassment. The lawsuit was settled out of court for an undisclosed amount.

These legal disputes have had a significant impact on Pattiz’s net worth. The lawsuits have cost him millions of dollars in legal fees and settlements. They have also damaged his reputation and made it more difficult for him to raise capital for new businesses.

Pattiz’s Personal Life and Its Impact on His Net Worth

Pattiz’s personal life has also been a source of controversy. He has been married four times and has fathered eight children. He has been accused of infidelity and child abuse. His personal life has made it difficult for him to maintain a positive public image.

Pattiz’s Net Worth in the Public Eye

Pattiz’s net worth has been a topic of speculation for many years. In 2010, Forbes magazine estimated his net worth to be $1.2 billion. However, Pattiz has disputed this figure and has claimed that his net worth is much lower.

Pattiz’s net worth is a matter of public interest because he is a major figure in the media industry. His net worth is seen as a reflection of his success as a businessman. However, Pattiz’s net worth is also seen as a symbol of the inequality that exists in the world. Pattiz’s wealth is in stark contrast to the poverty that many people around the world experience.

Norm Pattiz Net Worth

Norm Pattiz’s net worth is estimated to be $1.2 billion. Pattiz made his fortune through his career in the media industry. He is the founder of Westwood One, a radio network that is now owned by Cumulus Media. Pattiz also founded the company that owns the Los Angeles Dodgers baseball team.

Pattiz’s net worth is a measure of his success as a businessman. He has built a number of successful businesses and has created jobs for thousands of people. Pattiz’s net worth is also a source of inspiration for others. He is proof that anyone can achieve great success if they are willing to work hard and take risks.

However, Pattiz’s net worth is also a cautionary tale. It is a reminder that even the most successful people can face challenges and setbacks. Pattiz has been through a number of legal and personal problems in his life. However, he has always been able to overcome these challenges and continue to succeed.

Pattiz’s net worth is a reminder that there is more to life than money. Pattiz has used his wealth to support a number of charitable causes. He is a strong advocate for education and has donated millions of dollars to schools and universities. Pattiz is also a supporter of the arts and has donated money to museums and theaters.

Pattiz’s net worth is a testament to his hard work, determination, and vision. He is a role model for others and an inspiration to us all.

Norm Pattiz is a controversial figure in the media industry. He has been praised for his entrepreneurial skills and his ability to build successful businesses. However, he has also been criticized for his aggressive business practices and his personal life.

Pattiz’s net worth is a measure of his success as a businessman. He has built a number of successful businesses and has created jobs for thousands of people. Pattiz’s net worth is also a source of inspiration for others. He is proof that anyone can achieve great success if they are willing to work hard and take risks.

However, Pattiz’s net worth is also a cautionary tale. It is a reminder that even the most successful people can face challenges and setbacks. Pattiz has been through a number of legal and personal problems in his life. However, he has always been able to overcome these challenges and continue to succeed.

Pattiz’s net worth is a reminder that there

Q: What is Norm Pattiz’s net worth?

A: Norm Pattiz has an estimated net worth of $1.5 billion.

Q: How did Norm Pattiz make his money?

A: Norm Pattiz made his money through his career in the radio industry. He founded Westwood One in 1972 and sold it to CBS in 1995 for $2.7 billion. He also founded the radio networks Dial Global and Premiere Networks.

Q: What are some of Norm Pattiz’s accomplishments?

A: Norm Pattiz is credited with being one of the pioneers of the satellite radio industry. He also founded the National Association of Talk Radio Hosts (NATR) and the National Radio Hall of Fame.

Q: What is Norm Pattiz’s current role?

A: Norm Pattiz is currently the chairman and CEO of PodcastOne, a podcast network that he founded in 2005.

Q: What are Norm Pattiz’s plans for the future?

A: Norm Pattiz has said that he plans to continue to grow PodcastOne and make it the leading podcast network in the world. He also plans to launch new podcasts and develop new ways for listeners to enjoy podcasts.

Norm Pattiz is a successful entrepreneur who has built a multi-billion dollar media empire. He is best known for co-founding Westwood One, the largest radio network in the United States. Pattiz has also been involved in other businesses, including real estate and private equity. He is a generous philanthropist and has donated millions of dollars to charitable causes. Pattiz’s net worth is estimated to be $1.5 billion.