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| education = University of Pennsylvania [[Wharton School of the University of Pennsylvania|(Wharton School)]] 1978; [[Columbia University Law School]] 1981
| education = University of Pennsylvania [[Wharton School of the University of Pennsylvania|(Wharton School)]] 1978; [[Columbia University Law School]] 1981
}}
}}
'''Paul Wachter''' is an American businessman and investment advisor whose clients include [[Arnold Schwarzenegger]],<ref name="ESPN 5.26.15">{{cite web|last1=Bergeron|first1=Elena|title=Very smart player|url=http://espn.go.com/nba/story/_/id/9840201/lebron-james-most-powerful-active-athlete-entrepreneur-sports-espn-magazine|website=ESPN.com|publisher=ESPN|accessdate=26 May 2015|ref=ESPN}}</ref> [[LeBron James]],<ref name="ESPN 5.26.15" /> [[Bono]],<ref>{{cite web|title=Career Advice from the Advisor to Lebron, Schwarzenegger, and Jimmy Iovine|url=https://www.berklee.edu/news/ice-paul-wachter|author=Rob Hochschild|publisher=[[Berklee]]|accessdate=12 May 2016}}</ref> [[Beats Electronics LLC]] co-founder [[Jimmy Iovine]],<ref name="WaPo June 2014">{{cite news|last1=Sullivan|first1=Gail|title=Report: LeBron James set for $30 million profit on Apple-Beats deal|url=http://www.washingtonpost.com/news/morning-mix/wp/2014/06/12/report-lebron-james-set-for-30-million-profit-on-apple-beats-deal/|accessdate=27 May 2015|work=The Washington Post|publisher=The Washington Post|date=12 June 2014|ref=Washington Post}}</ref> and [[Tom Werner]], Chairman of the [[Boston Red Sox]] and the [[Liverpool Football Club]].<ref name="ESPN 5.26.15" /> He has played a role in high-profile investment deals including the 2002 acquisition of the Boston Red Sox by [[New England Sports Ventures]] (now [[Fenway Sports Group]])<ref name="WSJ April 2011">{{cite news|last1=Futterman|first1=Matthew|title=LeBron James, Fenway in Deal|url=https://www.wsj.com/articles/SB10001424052748703280904576246640754493456|accessdate=27 May 2015|work=The Wall Street Journal|publisher=The Wall Street Journal|date=7 April 2011|ref=WSJ}}</ref><ref name="Fortune April 2011">{{cite news|last1=Roberts|first1=Daniel|title=LeBron's Liverpool deal: A sign of what's to come|url=http://archive.fortune.com/2011/04/13/news/companies/lebron_liverpool_fenway_marketing.fortune/index.htm|accessdate=27 May 2015|work=Fortune|publisher=Fortune|date=13 April 2011|ref=Fortune}}</ref> and the 2014 sale of Beats Electronics to [[Apple Inc.|Apple]].<ref name="BI April 2015">{{cite news|last1=Tweedie|first1=Steven|title=The story of how Jimmy Iovine helped Apple strike a deal for HBO Now |url=http://www.businessinsider.com/jimmy-iovine-helped-apple-strike-deal-for-hbo-now-2015-4#ixzz3ZVcoeECq|accessdate=27 May 2015|work=Business Insider|publisher=Business Insider|date=7 April 2015|ref=Business Insider}}</ref> Along with LeBron James, Wachter is among the executive producers of the [[Starz]] scripted series, ''Survivor’s Remorse''.<ref name="Hollywood Reporter 10.14">{{cite news|last1=O'Connell|first1=Michael|title=Starz Hands 'Survivor's Remorse' a Speedy Renewal|url=http://www.hollywoodreporter.com/live-feed/starz-hands-survivors-remorse-a-739949|accessdate=27 May 2015|work=The Hollywood Reporter|publisher=The Hollywood Reporter|date=10 October 2014|ref=The Hollywood Reporter}}</ref>
'''Paul Wachter''' is an American businessman and investment advisor whose clients include [[Arnold Schwarzenegger]],<ref name="ESPN 5.26.15">{{cite web|last1=Bergeron|first1=Elena|title=Very smart player|url=http://espn.go.com/nba/story/_/id/9840201/lebron-james-most-powerful-active-athlete-entrepreneur-sports-espn-magazine|website=ESPN.com|publisher=ESPN|accessdate=26 May 2015|ref=ESPN}}</ref> [[LeBron James]],<ref name="ESPN 5.26.15" /> [[Bono]],<ref>{{cite web|title=Career Advice from the Advisor to Lebron, Schwarzenegger, and Jimmy Iovine|url=https://www.berklee.edu/news/ice-paul-wachter|author=Rob Hochschild|publisher=[[Berklee]]|accessdate=12 May 2016}}</ref> [[Beats Electronics LLC]] co-founder [[Jimmy Iovine]],<ref name="WaPo June 2014">{{cite news|last1=Sullivan|first1=Gail|title=Report: LeBron James set for $30 million profit on Apple-Beats deal|url=http://www.washingtonpost.com/news/morning-mix/wp/2014/06/12/report-lebron-james-set-for-30-million-profit-on-apple-beats-deal/|accessdate=27 May 2015|work=The Washington Post|publisher=The Washington Post|date=12 June 2014|ref=Washington Post}}</ref> and [[Tom Werner]], Chairman of the [[Boston Red Sox]] and the [[Liverpool Football Club]].<ref name="ESPN 5.26.15" /> He has played a leading role in high-profile investment deals including the 2002 acquisition of the Boston Red Sox by [[New England Sports Ventures]] (now [[Fenway Sports Group]])<ref name="WSJ April 2011">{{cite news|last1=Futterman|first1=Matthew|title=LeBron James, Fenway in Deal|url=https://www.wsj.com/articles/SB10001424052748703280904576246640754493456|accessdate=27 May 2015|work=The Wall Street Journal|publisher=The Wall Street Journal|date=7 April 2011|ref=WSJ}}</ref><ref name="Fortune April 2011">{{cite news|last1=Roberts|first1=Daniel|title=LeBron's Liverpool deal: A sign of what's to come|url=http://archive.fortune.com/2011/04/13/news/companies/lebron_liverpool_fenway_marketing.fortune/index.htm|accessdate=27 May 2015|work=Fortune|publisher=Fortune|date=13 April 2011|ref=Fortune}}</ref> and was a member of the board of Beats Electronics since 2008 until its sale to [[Apple Inc.|Apple]].<ref name="BI April 2015">{{cite news|last1=Tweedie|first1=Steven|title=The story of how Jimmy Iovine helped Apple strike a deal for HBO Now |url=http://www.businessinsider.com/jimmy-iovine-helped-apple-strike-deal-for-hbo-now-2015-4#ixzz3ZVcoeECq|accessdate=27 May 2015|work=Business Insider|publisher=Business Insider|date=7 April 2015|ref=Business Insider}}</ref> Along with LeBron James, Wachter is among the executive producers of the [[Starz]] scripted series, ''Survivor’s Remorse''.<ref name="Hollywood Reporter 10.14">{{cite news|last1=O'Connell|first1=Michael|title=Starz Hands 'Survivor's Remorse' a Speedy Renewal|url=http://www.hollywoodreporter.com/live-feed/starz-hands-survivors-remorse-a-739949|accessdate=27 May 2015|work=The Hollywood Reporter|publisher=The Hollywood Reporter|date=10 October 2014|ref=The Hollywood Reporter}}</ref>


==Education==
==Education==

Revision as of 21:49, 3 May 2017

Paul Wachter
Born1956 (age 60-61)
NationalityUSA
EducationUniversity of Pennsylvania (Wharton School) 1978; Columbia University Law School 1981
SpouseLiza Wachter

Paul Wachter is an American businessman and investment advisor whose clients include Arnold Schwarzenegger,[1] LeBron James,[1] Bono,[2] Beats Electronics LLC co-founder Jimmy Iovine,[3] and Tom Werner, Chairman of the Boston Red Sox and the Liverpool Football Club.[1] He has played a leading role in high-profile investment deals including the 2002 acquisition of the Boston Red Sox by New England Sports Ventures (now Fenway Sports Group)[4][5] and was a member of the board of Beats Electronics since 2008 until its sale to Apple.[6] Along with LeBron James, Wachter is among the executive producers of the Starz scripted series, Survivor’s Remorse.[7]

Education

Wachter is a 1981 graduate of Columbia University Law School, where he was a James Kent Scholar and a Harlan Fiske Stone Scholar.[8] He graduated magna cum laude and Beta Gamma Sigma from the Wharton School of the University of Pennsylvania in 1978.[8]

Career

Wachter is founder and CEO of financial and asset management advisory firm Main Street Advisors.[8] The company was founded in 1997.[8] Previously, Wachter was an investment banker for Schroder & Co. Incorporated, Kidder, Peabody & Co. and Bear, Stearns & Company.[8][9]

In 2002, Wachter advised John W. Henry and Tom Werner on the New England Sports Ventures’ acquisition of the Boston Red Sox.[4][5] Henry was principal owner and Werner was executive chairman. In 2001, New England Sports Ventures changed its name to Fenway Sports Group.[10]

Wachter has been LeBron James' financial advisor since 2004.[1] He “routinely connects James with business heavyweights” such as Warren Buffett[1] and has helped James “ink various investment and partnership deals".[9] He negotiated James' notable lifetime Nike deal.[11][12][13] In 2011, which has been reported to reach a lifetime total of over $1 billion.[14] Wachter conceived of a deal between James and Fenway Sports Group, which gave James a minority interest in the FSG-owned soccer club Liverpool.[1]

In 2004, then-California governor Arnold Schwarzenegger appointed Wachter to the University of California Board of Regents.[8] Wachter has known Schwarzenegger since the late 1970s and has managed his investments.[9][15] He acted as an advisor and strategist to Schwarzenegger’s 2003 and 2006 campaigns and transition teams.[8]

Wachter is also associated with other investments such as the TPG Growth fund.[16]

Boards

Wachter has served on Time Warner’s board of directors since 2010 and was on the board of Beats Electronics.[8][9] He is Chairman of the Board of the After School All-Stars[17] and served on the American Skiing Company’s board from 1996 to 2008.[8]

Wachter also serves on the boards of Virgin America, Haworth Marketing and Media Company and Content Partners, LLC.[18][19]

References

  1. ^ a b c d e f Bergeron, Elena. "Very smart player". ESPN.com. ESPN. Retrieved 26 May 2015.
  2. ^ Rob Hochschild. "Career Advice from the Advisor to Lebron, Schwarzenegger, and Jimmy Iovine". Berklee. Retrieved 12 May 2016.
  3. ^ Sullivan, Gail (12 June 2014). "Report: LeBron James set for $30 million profit on Apple-Beats deal". The Washington Post. The Washington Post. Retrieved 27 May 2015.
  4. ^ a b Futterman, Matthew (7 April 2011). "LeBron James, Fenway in Deal". The Wall Street Journal. The Wall Street Journal. Retrieved 27 May 2015.
  5. ^ a b Roberts, Daniel (13 April 2011). "LeBron's Liverpool deal: A sign of what's to come". Fortune. Fortune. Retrieved 27 May 2015.
  6. ^ Tweedie, Steven (7 April 2015). "The story of how Jimmy Iovine helped Apple strike a deal for HBO Now". Business Insider. Business Insider. Retrieved 27 May 2015.
  7. ^ O'Connell, Michael (10 October 2014). "Starz Hands 'Survivor's Remorse' a Speedy Renewal". The Hollywood Reporter. The Hollywood Reporter. Retrieved 27 May 2015.
  8. ^ a b c d e f g h i "Regent Paul D. Wachter". University of California. University of California. Archived from the original on 1 October 2013. Retrieved 27 May 2015. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  9. ^ a b c d Farrell, Maureen (18 July 2014). "Why Time Warner Might Sell: A Board with Lots of Mega-Deal Makers". MoneyBeat. The Wall Street Journal. Retrieved 27 May 2015.
  10. ^ "NESV becomes Fenway Sports Group". Boston.com. Boston.com. 22 March 2011. Retrieved 27 May 2015.
  11. ^ "LeBron James's Nike deal may be worth more than $1 billion". Sports Illustrated. 17 May 2016.
  12. ^ Darren Rovell (8 December 2015). "LeBron James signs lifetime Nike deal". ESPN.
  13. ^ "The man behind LeBron's lifetime deal with Nike". ESPN. 8 December 2015.
  14. ^ Scott Davis (December 9, 2015). "We're getting a better idea of how much LeBron James' new deal with Nike is worth, and it sounds like a monster". Business Insider.
  15. ^ Cieply, Michael; Cohn, Gary; Eller, Claudia; Vincent, Roger (10 August 2003). "Schwarzenegger Built a Vast Business Empire". Los Angeles Times. Los Angeles Times. Retrieved 27 May 2015.
  16. ^ de la Merced, Michael J. (26 April 2015). "At TPG, a Low-Profile Fund's Diversity Thrives". DealBook. The New York Times. Retrieved 27 May 2015.
  17. ^ "Paul D. Wachter". After School All-Stars. After School All-Stars. Retrieved 27 May 2015.
  18. ^ "VIRGIN AMERICA EXPANDS BOARD OF DIRECTORS WITH APPOINTMENT OF JENNIFER VOGEL AND PAUL WACHTER". Virgin America. Retrieved 14 August 2015.
  19. ^ "Paul D. Wachter". Time Warner. Retrieved 8 August 2016.
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