Let’s Know the Net Worth of Noted Businessman David Pecker Net Worth

This article is about David Pecker Net Worth and some other essential details related to his life. Read more on this topic.

Full Name	David Jay Pecker
Date of Birth	September 24, 1951
Profession	Businessman
Spouse	Karen Balan
Education	Pace University

David Pecker Net Worth

David Pecker is a successful businessman from America with a net worth of $11 million. He holds the position of Chairman and CEO of American Media Inc. He does not own the company but is in the position of chairman. Pecker also publishes many magazines, including National Enquirer, Sun, Star, Men’s Fitness, Globe and many more.

Pecker was also involved in controversy related to buying negative stories in 2018. The stories were about his friend Donald Trump. However, the stories were prevented from becoming public during the presidential campaign in 2016. Pecker also worked in the CBS magazine division. He was also the CEO of Hachette Filipacchi Media U.S., A media agency that publishes Trump Style magazine. Pecker and Trump became close friends, and both met at Trump Tower in 2014.

Pecker promised Trump that he would prevent any allegation against Trump through the National Enquirer. Pecker was also involved in uncovering the relationship of Jeff Bezos with Lauren Sanchez. Although people are trying to learn more about these allegations, there are few details.

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Personal Life of Pecker

Pecker was born on September 24, 1951, in The Bronx, New York City. He is of Jewish descent. His father was a bricklayer who passed away in 1967. Pecker was only 16 years old at the time of his father’s death. Pecker started the job as a bookkeeper to provide financial support to his mother. He completed his graduation from Pace University.

After graduation, Pecker began working as an accountant at Price Waterhouse. He joined the accounting department at CBS’s magazine division. Later, he became vice president and comptroller. CBS sold its magazine division in a leveraged buyout to its manager. Peter Diamandis was the manager at that time. Later, Diamandis sold the magazine to Hachette Filipacchi Medias. He left Hachette and raised the capital from Thomas H. Lee Partners and Evercore Partners to buy American Media, Inc. (AMI).

Pecker also published many magazines when he was a chairman and chief executive officer of AMI. He announced that he dropped AMI’s tabloids and sold the National Enquirer, Globe and National Examiner to Hudson News. Pecker tied the knot with Karen Balan in 1987.

Relation with Donald Trump

Pecker introduces himself as a close friend of Trump. Pecker supported Trump when he was involved in a run for President in 2000. They met in 2014 at Trump Tower and offered Trump that he would remove all the allegations against him.

Peker and AMI had to face an investigation for using catch-and-kill payments. AMI purchased exclusive rights to stories that could damage Trump’s 2016 campaign for President and refused to publish them. Such a tactic represents illegal and undeclared “in-kind” campaign donations under Federal Election Commission rules.

Pecker and Jeff Bezos

The National Enquirer, owned by Pecker, published about a romantic relationship between Jeff Bezos and Lauren in 2019. Lauren was a live-in partner at that time. They published the text messages and love notes. Bezos was surprised and investigated how their messages got placed on paper. In the next month, Bezos accused the National Enquirer of extortion for releasing the intimate pictures of Bezos. But Pecker denied the criminal accusation by hiring an attorney. Bezos demanded that the images published by AMI be withheld.       

Both AMI and Manhattan prosecutors launched reviews of the accusations. If there are law violations by the AMI, it will constitute such an immunity agreement. The immunity agreement included that the company reached out to prosecutors in 2018 after the paper agreed to “Catch and Kill.” It was a story on behalf of Donald Trump. A journalist said that he received similar demands.

Pecker had to face various struggles related to his personal and professional life. He owned multiple publications and held an important position in the media houses. His hard work and sincerity helped him to lift himself to that level. He always tries to maintain a cordial relationship with others.

Relations with Various Magazines

Pecker was the publisher of various popular magazines, including Men’s Fitness, Muscle and Fitness, Flex, Fit Pregnancy, Shape and Star. He also published in the National Enquirer, Sun, Weekly World News, and Globe. His publication, National Enquirer, is an American tabloid newspaper that was founded in 1926. However, the newspaper has changed in the last few years.

His other publication, Sun, was a supermarket tabloid owned by American media. Its publication was stopped after July 2, 2012. Globe is also another supermarket tabloid in Boca Raton, Florida. It covers celebrities, human interests, and politics.

About David Pecker

David Pecker has been a successful businessman. He has published many reputed newspapers and owns the American media. The net worth of Pecker has been an essential topic of discussion.

David had to enter into some controversies after being a friend of Trump.

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