David Jay Pecker is an American publishing executive and businessman, who was the CEO of American Media until August 2020. He was the publisher of Men’s Fitness, Muscle and Fitness, Flex, Fit Pregnancy, Shape, and Star. He was also the publisher of National Enquirer, Sun, Weekly World News, and Globe. Let’s delve into his career and how he accumulated his wealth.
How much is David Pecker net worth? How does he make his money?
David Jay Pecker, an American publishing executive and businessman, has a net worth of approximately $11 million. His salary in most years is $1.75 million, which can increase to $3 or $4 million with various bonuses. He lives in a home in Boca Raton, Florida, which was purchased in 2015 for $2.82 million.
Pecker started working at Price Waterhouse as an accountant after graduating from college. He later went on to become vice president and controller of CBS’s magazine division after joining the accounting department. Pecker continued on after CBS sold its magazine division through a leveraged buyout, eventually rising to the position of CEO at Hachette Filipacchi Media U.S.
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He left Hachette in 1999 and gathered funds to acquire American Media, Inc. (AMI), the publisher of publications including Shape, Star, Men’s Fitness, Flex, Fit Pregnancy, and Muscle & Fitness. Supermarket tabloids including the National Enquirer, Star, Sun, Weekly World News, and Globe are owned by AMI as well.
Pecker oversaw a number of magazines and tabloids while serving as chairman and CEO of AMI. He declared in 2019 that a few of AMI’s tabloids, such as the National Enquirer, Globe, and National Examiner, would be sold.
David Pecker Controversy and Trump Connection
Pecker was involved in a “catch and kill” operation in 2018, which sparked criticism. Purchasing exclusive rights to articles that could potentially humiliate his friend, Donald Trump, during the latter’s 2016 presidential campaign, was the goal of this effort.
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The intention was to stop these rumors from spreading and possibly hurting Trump’s campaign. Following extensive media coverage of his meetings with President Trump, Pecker announced his resignation from Postmedia Network Canada Corp. in August 2018.
David Pecker Early Life: who are his parents? Education, ethnicity, and nationality
David Pecker was born on September 24, 1951, in the Bronx, New York City. As of now, he is 72 years old. His father was a bricklayer who passed away when Pecker was 16 years old. To support his mother, Pecker started bookkeeping for local businesses in New Rochelle, New York, and the Bronx.
David graduated from New Rochelle High School in 1969 and later attended Pace University, where he graduated in 1973. He is of Jewish descent. He holds American nationality.
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