How much is Bill Rasmussen Worth?

Bill Rasmussen’s net worth is $600 Million

Bill Rasmussen’s Biography

William F. Rasmussen, born in 1933 in Chicago, Illinois USA, is an entrepreneur best known as the founder, first president and CEO of ESPN network.

According to sources, Rasmussen has acquired a net worth of over $600 million as of mid-2016, largely through his involvement in ESPN, as well as through other media and internet ventures.

Bill Rasmussen Net Worth $600 Million

Rasmussen attended DePauw University in Greencastle, Indiana, earning his BA degree in Economics and obtained an MBA from Rutgers University in New Brunswick, New Jersey.

Before founding ESPN, Rasmussen worked as a radio sports broadcaster at WTTT in Amherst, MA, and at WHYN-TV and WWLP-TV in Springfield, MA.

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His involvement as the sports director and later the news director at Channel 22 led to his employment by the New England Whalers ice hockey team as communications director in 1974.

In 1978, Rasmussen came up with the idea of an all-sports cable TV network, which later evolved into ESPN with an initial investment of $9,000. This marked the beginning of his journey to success.

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Rasmussen’s significant contributions include creating a sports news television program called “Sports Center” and securing the rights to broadcast their “March Madness” college basketball coverage.

In 1984, Rasmussen sold ESPN to ABC, and the following year it was purchased by Capital Cities Communications. ESPN has been owned by The Walt Disney Company since 1996.

After selling ESPN, Rasmussen continued his involvement in the media and launched College Fanz Sports Network in 2007, an online sports community representing over 14,000 colleges.