Jamie Salter
Born1962 or 1963 (age 60–61)[1]
Toronto, Ontario, Canada
OccupationBusinessman
Known forFounder, chairman and CEO of Authentic Brands Group
Children4 sons

Jamie Salter (born 1962/1963) is a Canadian billionaire businessman. He is the founder, chairman and CEO of Authentic Brands Group, an American brand development and licensing company in New York City. Before establishing Authentic Brands Group, he was the CEO of Hilco Consumer Capital.[2]

Early life and education

Salter is a native of Toronto, Canada.[3][4] He attended high school in California and then studied business at Long Beach State University, before transferring to Carleton University in Ottawa, Canada.[4]

Career

Salter began his career marketing sporting goods during the 1980s.[3] In 1992, he co-founded the snowboard manufacturer Ride Inc., which became publicly traded on the Nasdaq in 1994. Salter stepped down as the company's CEO in 1996.[3] He subsequently worked with several other sporting goods companies prior to joining his next major venture, Hilco Consumer Capital.[3]

Salter is the co-founder of Hilco Consumer Capital, the private equity unit of Hilco Trading LLC, which he helped start in December 2006.[5] He left Hilco in 2010 to start his own company, Authentic Brands Group. The company acquires rights to brand names and owns the rights to dead celebrities such as Marilyn Monroe, Michael Jackson, Muhammad Ali and Elvis Presley.[6] Within six years, he grew it into a $1.5 billion company and earned a reputation as a brand expert.[6]

In November 2021, after a funding round valued the company at $9.5 billion, Salter's net worth was estimated at US$1.1 billion.[1]

Personal life

Salter has four sons, who all work for Authentic Brands Group.[1] His son Corey Salter is the company's chief operating officer.[1]

He lives in a luxury condo building in the Chelsea district of New York City, and he has a Canadian vacation home in Muskoka, Ontario.[7]

References

  1. 1 2 3 4 Debter, Lauren (23 November 2021). "Authentic Brands Founder Mints A Billion-Dollar Fortune From Reviving Faded Labels". Forbes. Retrieved 23 June 2022.
  2. ↑ Covert, James (16 January 2010). "Hilco CEO heads for the hills". New York Post. Retrieved 25 September 2017.
  3. 1 2 3 4 Daly, John (26 April 2012). "Toronto native Jamie Salter rebrands Marilyn Monroe". The Globe and Mail. Retrieved 23 October 2017.
  4. 1 2 "Jamie Salter, Toronto Entrepreneur, Oversees Marilyn Monroe Brand". HuffPost News. 24 May 2011. Retrieved 23 June 2022.
  5. ↑ Yue, Lorene (15 January 2010). "Hilco Consumer Capital CEO resigning". Crain's Chicago Business. Retrieved 25 September 2017.
  6. 1 2 Fickenscher, Lisa; Kosman, Josh (28 November 2016). "Meet the man making millions off dead people". New York Post. Retrieved 25 September 2017.
  7. ↑ Rogers, Taylor Nicole (23 September 2020). "Meet the CEO behind the company that owns the rights to all your favorite bankrupt brands and dead celebrities, from Forever 21 to Marilyn Monroe". Business Insider. Retrieved 23 June 2022.


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