Terry Semel Net Worth is$300 Million
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Profession: Entrepreneur, Businessperson
Date of Birth: Feb 24, 1943
Ethnicity: Jewish people
Country: United States of America
Terry Semel net worth: Terry Semel's net worth is $300 million dollars. Born in Brooklyn, New York, Terry Semel graduated from Long Island University, where he earned a degree in Accounting. In 2001, he began working for Yahoo after they offered him $110 million worth of shares in the corporation in order for him to leave his position as an executive at Warner Bros. and join the company. He served as CEO until 2007. While with Yahoo, he purchased additional shares, and increased the value of the company, thereby turning a hefty profit. This strategy ended up backfiring, however, when Yahoo's value began to plummet. His salary was only $1, but his stock options amounted to almost $70 million, and he had in fact made almost $500 million while with the company. The shareholders, who were now losing money, were not pleased that he was, in effect, still profiting. See also: Marissa Mayer Net Worth
Terry Semel (born on February 24, 1943 in Brooklyn, New York, U.S.A.) is an American corporate executive who was the chairman and CEO of Yahoo! Incorporated. Previously, Semel spent 24 years at Warner Bros., where he served as chairman and co-chief executive officer. In June 2007, Semel resigned as CEO due in part to pressure from shareholders' dissatisfaction over Semel's compensation (in 2006 - salary $1, stock options worth $70 million) and performance. Semel had earned over $500 million in his tenure at Yahoo, while Yahoo's stock appreciated at 40% per year. In the same period, Yahoo's closest competitor, Google, saw stock growth of about 55% per year.
Semel's father was a women's coat designer and his mother was a bus company executive. He was raised in Bay Terrace, a community in Bayside, Queens. He was the middle child and has two sisters. At the age of 23, he graduated from Long Island University in Brooklyn with a B.S. degree in accounting.
In April 2001, Semel was granted stock options with an SEC Fair Value of over $110 million as a bonus to join Yahoo. On March 10, 2004 Semel was granted options to purchase Yahoo stock worth $120 million at an exercise price of $41.70 ( the low closing price for 2004 was $41.65). Within a month that stock was trading at $56.00, making him a profit of $50 million on that grant alone. Between 2003 and 2006 he netted $450 million as a result of exercising options and selling stock. On March 7, 2007 he held stock and unexercised options with a value of $350 million, which he was granted as compensation. During June 2006, Terry Semel's annual salary was reduced to one dollar, in exchange for millions of stock options in Yahoo. His previous annual salary was US$600,000.
Over the past three years Semel sold 18.1 million of his stock options for a gain of $450 million. He maintains another 18.6 million unexercised stock options.
As CEO, Semel approved Yahoo!'s cooperation with Chinese officials to release previously

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Terry Semel Latest News

Former Yahoo! CEO Terry Semel -- Unloads Malibu Estate for $13 Million Under Asking Price

Terry Semel-- the former CEO of Yahoo!-- really, really, really wanted to sell off his giant Malibu estate ... so much so, he was willing to knock $13 MILLION off the asking price, TMZ has learned. Ba...
Posted: August 13, 2012, 7:30 am

Is Malibu turning into the Larry Ellison beach club?

Former Yahoo Inc. Chief Executive Terry Semel and his wife, Jane, have sold their spot to Oracle Corp. CEO Larry Ellison, who already has eight other houses along Carbon Beach. The couple, who had mos...
Posted: October 2, 2012, 12:31 pm

Yahoo's Last Great Comeback Killed The Company

As Yahoo's board flails about trying to figure out a way to please angry shareholders, we decided to reach out to a former executive from Yahoo's last great era - back when Terry Semel was still haile...
Posted: November 2, 2011, 8:50 pm
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