5 Things You Didn’t Know About Daniel SnyderJuly 23, 2020
The prolific American businessman holds strong to his roots in entrepreneurship and his community impact. While he is well known for his business endeavors, there is much more to Daniel Snyder than his financial success.
He comes from a literary upbringing.
Daniel Snyder was born in Silver Spring, Maryland in 1964. Being raised so close to Washington, D.C. fostered in him a personal connection to the city that he has carried with him through the course of his career. His father was a freelance writer for National Geographic and other acclaimed publications. When Daniel was 12 years old, his father took a writing assignment that moved their family to a small town outside of London. There he was able to receive a private education until returning to his humble beginnings in the U.S at the age of 14. His first job was at the B. Walton bookstore in his local mall. Working there he had the ability to read many books on business during his shifts, which planted the seed for a long career of professional endeavors. Before dropping out of University of Maryland College Park he pioneered a short-lived college journal called Campus USA, his first attempt in the media industry. Snyder’s father mentored him through the process, helping him navigate the editorial aspects. Despite the failure of the magazine, Daniel discovered his proficiencies in marketing and networking during the process.
His entrepreneurial spirit began at a very young age.
At the age of 17, Snyder hatched his first business venture- a travel-package service aimed at college-aged spring breakers. The concept was unsuccessful, but paved the way for his following pursuit. His next venture focused on utilizing private jets to chauffeur college students to athletic events. His success in this newly found niche catapulted him into a life of achievement.
Daniel then founded Snyder Communications Inc. alongside his sister, Michelle Snyder in 1988. Focusing on outsourced marketing, this company saw exponential growth leading to an Initial Public Offering in 1996 that generated over $130 million in value. This officially rendered Daniel Snyder as the Youngest CEO of a New York Stock Exchange listed company, at the age of 32. The company was eventually acquired by Havas advertising, in a deal worth an exceeding $2 billion. This transaction was considered to be the largest in the marketing industry, earning Snyder an estimated $300 million.
He and his wife are both Cancer survivors.
Both Daniel and his wife, Tanya Snyder, have survived cancer diagnoses. Daniel privately underwent surgery to have a cancerous thyroid removed in 2001. He has since made a full recovery. Seven years later, in 2008, his wife Tanya was diagnosed with breast cancer. After surgical intervention, she successfully defeated her disease. She credits the triumph to early detection, which inspired her to begin a movement to raise awareness on the importance of regular health exams. With Daniel’s support, she utilized her platform to become the spokesperson of the NFL’s “A Crucial Catch” initiative. She is credited with beginning the tradition of wearing pink during October games, an idea she brought with her from similar efforts her sorority used in 1999, almost 10 years before her own diagnosis. By 2012, 32 NFL teams participated by gearing up with cleats, socks, and even mouth guards. The following year, Tanya Snyder was recognized as American Cancer Society’s “Mother of the Year” of 2013.
He has made substantial charitable contributions to local communities.
A huge part of Daniel Snyder’s role in the ownership of the Washington Redskins is community enrichment. Through the Redskins Foundation, which he founded with his wife in 2000, they have been able to contribute $29 million back into the Washing D.C. community. The foundation is focused on educating youth through literacy, health, and personal development programs. It is estimated that these programs impact at least 180,000 people each year. In local high schools the foundation has renovated football fields, funded bus trips to college fairs, and brought NFL players in to speak about their life experiences. They also work to instill in others the importance of volunteer work on a local level.
With a recent initiative they call “Huddle for 100”, the foundation calls for people to pledge 100 minutes of community service in their area. This program has greatly benefited local organizations such as Boys & Girls Club, Capital Area Food Bank, United Way, and USO, which supports American service members. Snyder not only founded the foundation, but is also a member of the Leadership Council. The council boasts a roster of influential and powerful business leaders from companies such as PepsiCo, FedEx Cooperation, and Bank of America. However, Daniel Snyder made sure to include leaders from esteemed charitable sectors, such as the Kellar Family Foundation, Inova Center for Personal Health, and Youth Entrepreneurs.
However, he does enjoy the fruits of his labor.
Snyder has recently drawn a lot of attention from financial media sources such as Forbes, not only for his accomplishments, but for his assets. The most notable of his purchases is his $180 million superyacht, the Feadship Lady S. With a length of 305 feet, this yacht barely makes the cut for the “NFL Owners Superyacht Club” requirements. However, this vessel has one thing that created internet buzz unlike other luxury yachts. On board is a two-deck high IMAX Theatre, with seating for 12. It cost an estimated $3 million to install. The yacht also has a helicopter pad and predictably, a football facility. When traveling by air, Snyder uses his Bombardier BD-700 Global Express private jet. With a net worth of $2.6 billion dollars, Daniel Snyder can afford to balance his luxuries with his immense philanthropic benefactions.