Paul David Wachter is an American businessman and investment adviser whose clients include Arnold Schwarzenegger, LeBron James, U2 frontman Bono, Beats by Dre co-founder Jimmy Iovine, and Tom Werner, Chairman of the Boston Red Sox and the Liverpool Football Club. 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) and was a member of the board of Beats Electronics since 2008 and led the negotiation of the Beats sale to Apple. Along with LeBron James, Wachter is among the executive producers of the Starz scripted series, Survivor's Remorse.
Video Paul Wachter
Education
Wachter is a graduate of Riverdale Country School in The Bronx, New York. In 1978, he graduated magna cum laude and Beta Gamma Sigma from the Wharton School of the University of Pennsylvania, and in 1981, he earned his juris doctor from Columbia University Law School, where he was a James Kent Scholar and a Harlan Fiske Stone Scholar.
Maps Paul Wachter
Career
Wachter is founder and CEO of financial and asset management advisory firm Main Street Advisors. The company was founded in 1997. Previously, Wachter was an investment banker for Schroder & Co. Incorporated, Kidder, Peabody & Co. and Bear, Stearns & Company.
In 2002, Wachter advised John W. Henry and Tom Werner on the New England Sports Ventures' acquisition of the Boston Red Sox. Henry was principal owner and Werner was executive chairman. In 2001, New England Sports Ventures changed its name to Fenway Sports Group.
Wachter has been LeBron James' financial advisor since 2004. He "routinely connects James with business heavyweights" such as Warren Buffett and has helped James "ink various investment and partnership deals". He negotiated James' notable lifetime Nike deal in 2015, which has been reported to reach a lifetime total of over $1 billion. Wachter conceived of a deal between James and Fenway Sports Group, which gave James a minority interest in the FSG-owned soccer club Liverpool.
In 2004, then-California governor Arnold Schwarzenegger appointed Wachter to the University of California Board of Regents. Wachter has known Schwarzenegger since the late 1970s and has managed his investments. He acted as an advisor and strategist to Schwarzenegger's 2003 and 2006 campaigns and transition teams. Wachter was also the trustee for Schwarzenegger's blind trust during Schwarzenegger's time as Governor and is a senior financial advisor for the former Governor.
Wachter is also associated with other investments such as the TPG Growth fund, the Beverly Hilton, Waldorf Astoria Beverly Hills, Blaze Pizza, and other properties.
Boards
Wachter has served on Time Warner's board of directors since 2010 and was on the board of Beats Electronics from the beginning of the company until its purchase by Apple in 2014. He and also served on the board of Beats Music. He is Chairman of the Board of the After School All-Stars and served on the American Skiing Company's board from 1996 to 2008.
Wachter also serves on the boards of Virgin America, Haworth Marketing and Media Company and Content Partners, LLC.
Personal life
On May 31, 1987, Wachter married Liza Atkins in a Jewish ceremony at the Bel-Air Bay Club in Los Angeles.
References
Source of the article : Wikipedia
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