Emilio Azcárraga Net Worth

Net Worth	$ 990,000,000
Real name	Emilio Fernando Azcárraga Jean III
Source of Wealth	Business investments
Profession	Businessman, Owner of Televisa
Spouse/Partner	Sharon Fastlicht Kurian
Date of Birth	Feb 21, 1968
Zodiac	Pisces
Age	55
Gender	Male
Height	163 cm / 5 ft 4 inch
Nationality	Mexican

Biography

Emilio Azcárraga Jean is a Mexican businessman famous for owning and managing one of the biggest Mexican media companies - Televisa.

As of 2023, his net worth is estimated at $990 million. Before 2020, his net worth was estimated at $1.2B.

Early life

Emilio Azcárraga Jean was born on February 21, 1968, in Mexico City, Mexico. He is the son of Nadine Jean and Emilio Azcárraga Milmo, who founded Televisa, the largest Spanish media company worldwide.

Azcárraga Jean was raised in a wealthy family, so he attended the University of Notre Dame in Indiana, graduating with a BSc in finance and economics. After graduating, he stayed in the United States for a while but ultimately decided to move back to Mexico and work in Televisa.

He started his career as a news reporter in the news division before switching to producing. As a result, he learned a lot about Mexico’s political status, which would be a great advantage for him later in life.

Career

In 1997, his father, Emilio Azcárraga Milmo, passed away in a tragic plane crash, and he took over the company after being appointed CEO of Televisa. At the time of his father’s death, he was 28 years old, and a fair share of the public had severe doubts about whether he could walk in his father’s footprints.

Luckily, since he spent time working in the company as a reporter and producer, he managed to take control quickly and develop the company even further.

Azcárraga showed his leadership skills by expanding to new markets, such as launching numerous new telenovelas, reality shows, and other ventures that were ‘revolutionary’ for the Mexican media then.

In addition, while he was CEO, Televisa became the largest producer of Spanish-language media worldwide, which helped the company to expand to all of Latin America, the US, and Europe. Hence, Azcárraga proved his capabilities of taking risks which paid off massively, and Televisa is considered the most prominent Spanish language media to this day.

Azcárraga's success at Televisa earned him numerous accolades, including being named one of the "World's Most Powerful People" by Forbes magazine. He was also recognized for his philanthropic efforts, particularly in the areas of education and healthcare. Azcárraga established the Azcárraga Foundation, which provides scholarships and support to students in Mexico and Latin America.

Besides his involvement in media, he also had his share of involvement in politics. He openly supported several Mexican political candidates, including Vicente Fox, Mexico’s president, in 2000. Even though he is one of the most popular moguls in the media industry, the public considers his involvement in politics as controversial, criticizing him for using his position to influence public opinion.

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However, with the internet coming to rise, the numbers in Televisa were dropping year by year, causing severe damage due to declining advertising revenue. In 2017, Emilio Azcárraga stepped down from his CEO role but remained a chair board member. By the end of 2018, his net worth was estimated at $1.2 billion. Still, after an unfortunate drop in advertisement requests and several bad decisions, his current net worth is estimated at $990 million, which caused his name to stop appearing at the top of the list of Mexico’s wealthiest business people.^[1]

Personal life

Emilio married his first wife, Alejandra de Cima Aldrete, in 1999, but they split up in 2002, soon after Alejandra was diagnosed with cancer. She later moved to Germany, remarried, and had two children, but then divorced again.^[2]

In 2004, Emilio married Sharon Fastlicht Kurian when she was 24, and he was 36 years old. They met at a concert in 2002 and have been together ever since. They have three children together: Emilio, Hannah, and Mauricio Azcárraga Fastlicht, all born and raised in Miami, Florida.^[3]

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Azcárraga is also passionate about philanthropy, and he has established the Azcárraga Foundation, which provides scholarships and support to students in Mexico and Latin America. He is also a supporter of several other charitable organizations, including the National Council of Science and Technology and the Mexican Red Cross.

Despite his busy schedule and high-profile position, Azcárraga makes time for his family and is known to be a devoted husband and father. He has spoken publicly about the importance of family and the role that his family plays in his life. Azcárraga is also an avid traveler known to take trips worldwide with his family.

Conclusion

Emilio Azcárraga Jean, a Mexican businessman and owner of Grupo Televisa, was considered one of the richest men in Mexico for a long time until 2020, when he lost one-fifth of his wealth.

He is considered one of the people that tailored Spanish TV broadcasting as we know it today and has managed to further develop the company his father started.

As of 2023, his net worth is estimated at $990 million. Before 2020, his net worth was estimated at $1.2B.

References