Philippe Dauman is a notable name in the American business, especially in the media industry, where he has held prominent positions. A major share of the financial success that he boasts of can be traced back to the successful performance of Viacom Inc. where he ascended the echelons to the position of president and CEO between 2006 and 2016. His input in terms of decision-making and the provision of direction during this period was key to the expansion and profitability of the company, and he advanced his earnings through executive compensation, stock options, and bonuses.
So, do you want to know his net worth? We are happy to share Philippe Dauman net worth. Here, we also profile his biodata, early life, and career as President and CEO of Viacom.
Biodata
| Full Name | Philippe Pierre Dauman |
| Date of Birth | March 1, 1954 |
| Age | 70 Years |
| Birth of Place | New York City, USA |
| Nationality | American |
| Gender | Male |
| Spouse | Deborah Ross |
| Children | Philippe Jr. and Alexandre |
| Profession | Entrepreneur |
| Philippe Dauman Net Worth | $360 Million |
Who is Philippe Dauman?
Philippe Dauman is an American businessman best known for serving as the president and CEO of Viacom from September 2006 until May 2016.
Born in New York City on March 1, 1954, his father was a Life magazine photographer and Holocaust survivor. Dauman excelled academically, achieving a perfect score on the SAT at age 13. He graduated from Yale University and Columbia University School of Law.
Dauman had an intimate relationship with Redstone, the chairman of Viacom. In addition to being the CEO, he held several management positions at Viacom, including responsibilities at Paramount Pictures, Showtime Networks, and Simon & Schuster.
Lynda Weinman Net Worth 2024: Biodata, Early Life, Career, Social Media
Career
After graduating from Yale and Columbia Law School, Dauman started his career as a corporate lawyer at Shearman & Sterling in New York City. This foundation of law would come in handy as far as his future engagements were concerned.
In 1986, he had an influential run in meeting and befriending Sumner Redstone. It was so because he was representing a client who was doing business with Redstone, and the two hit it off quickly.
In this capacity, Dauman became a close confidante of Redstone and was instrumental in acquiring the media firm Viacom in 1987. This marked the beginning of their close working relationship.
He joined Viacom as Deputy General Counsel and quickly rose through the ranks, becoming Senior Vice President and General Counsel in 1993. He was instrumental in Viacom’s acquisition of Paramount Pictures in 1994.
Dauman influence grew, and he eventually oversaw key Viacom divisions like Paramount Pictures, Showtime Networks, and Simon & Schuster.
In 2006, he was appointed as President and CEO of Viacom. He presided over significant expansion at Viacom and was not without his fair share of management and strategic blunders in the fast-changing media market.
Dauman tenure was also characterized by some controversies, some of which include shareholders displeasure with executives salaries and how the firm tackled digital media.
The most threatening threat, however, manifested in a hard-knock rivalry showdown in which Shari Redstone, the daughter of Sumner Redstone, publicly announced warfare on Viacom leadership and the family trust. The fight for leadership culminated in Dauman leaving the company in 2016.
He was awarded a severance package worth $93 million. This included a salary of $3.6 million, stock awards worth $13.8 million, option awards priced at $7.5 million, non-equity incentives amounting to $9.7 million, and $58.4 million of other compensation – this compensation does include his severance payment.
After leaving Viacom, Dauman focused on investment activities through his firm, PPD Management. He and his wife, Deborah, also are engaged in philanthropic activities as directors of the Philippe & Deborah Dauman Family Foundation.
Philippe Dauman Net Worth
As of 2024, Philippe Dauman net worth is estimated to be $360 million. This figure is based on reported shares in various companies, including Viacom, Blockbuster, and Lafarge North America.
2006 was Philippe Dauman most active year for acquiring shares, with 89 total transactions. His most active month in acquiring stocks was August.
2003 was Dauman most active year for disposing of shares, totaling 139 transactions. Dauman most active month for disposing of stocks was November. 2013 saw Dauman pay a total of $55,829,795.97 for 2,362,834 shares; this is the most they’ve acquired in one year. In 2013, Dauman cashed out on 3,583,768 shares for a total of $141,140,779.66, their largest year based on trade value.
He used to own units in Class B Common Stock but no longer holds any shares there. From 2006 to 2016, he acquired a total of 7,351,962 shares in Viacom Inc. at a cost of $113,910,749.12. Philippe also disposed of a total of 7,351,962 shares of Viacom Inc., equalling $457,630,554.74.
Philippe Dauman owns 3,274 units of CBS Class B common stock, which is worth $33,165.62. He used to own units in Class B common stock but no longer holds any shares. He acquired a total of 1,177,474 shares in VIACOM INC at a cost of $35,885,865.00. Dauman also disposed of a total of 1,186,800 shares of VIACOM INC, equalling $47,979,838.00.
Philippe Dauman owns 4,540 units of Class A Common Stock and acquired 1,546 shares in BLOCKBUSTER INC. in 2003.
Philippe Dauman used to own units in Common Stock but no longer holds any shares. They acquired a total of 6,000 shares in LAFARGE NORTH AMERICA INC for $214,002.50 and Dauman also disposed of a total of 6,000 shares of LAFARGE NORTH AMERICA INC, equalling $418,680.00.
Also Read: Yuri Milner Net Worth 2024
Real Estate
The Daumans acquired an East Hampton residence for $1 million in 1988. Presently, that asset is valued at approximately $5-6 million. In June 2014, they purchased a house in Palm Beach, Florida, for $23 million. That house is now valued at about $65 million.
Philippe Dauman Family
Philippe Dauman father was Henri Dauman, a renowned photographer known for his work with Life magazine. Henri was a Holocaust survivor who emigrated from France to the United States in the 1950s. He captured many iconic moments of the 20th century, including portraits of celebrities and scenes from the Civil Rights Movement.
Moreover, Philippe Dauman is married to Deborah Ross Dauman. They were married in September 1977 in an Episcopalian church. They have two sons, Philippe Jr. and Alexandre.
Philanthropy
Deborah and Philippe are known for their philanthropic work through The Philippe & Deborah Dauman Foundation, established in 2000. The foundation supports various causes, including education, healthcare, and the arts.
It primarily funds organizations in the areas of education and health. Some of their grantees include the KIPP Foundation (a network of charter schools) and various health-related organizations. You can find more information about their grants on websites like Instrumentl and Cause IQ.
In 2009, Philippe Dauman and Viacom partnered with the Bill & Melinda Gates Foundation to launch the “Get Schooled” initiative. This program aimed to combat high school dropout rates in the United States. Dauman even hosted a “Get Schooled” education conference to promote the cause.
Dauman has served on the board of directors of the KIPP Foundation and has been involved with other organizations like the Academy of Motion Picture Arts and Sciences.
You Might Also Like