Julius Genachowski’s Asset/ Net Worth Collection
Julius Genachowski, who is 58 years old, is a Lawyer with a net worth of $2.5 Million. Genachowski’s income is mostly derived from his success as a lawyer. He is from Massachusetts. When Vivendi purchased Universal properties in 2003, he received at least $2.5 million.
Genachowski supervised over 1700 staff, an agency budget of approximately $400 million a year, and universal-service and other services disbursing roughly $10 billion annually as FCC CEO.
According to Form 4 filed with the SEC, Julius has made over four trades of Mastercard stock since 2020. He most recently exercised 15,000 shares of M.A. stock worth $75,000 on February 11, 2021. The largest trade he’s ever made was exercising 30,000 shares of Mastercard stock on November 19, 2020, for a total value of more than $150,000. Julius has traded approximately 2,696 units every 12 days on average since 2014. He still owns at least 67,622 shares of Mastercard stock as of February 11, 2021.
Julius Genachowski’s occupation
Julius Genachowski worked for the Select Committee on the Iran-Contra Affair and then-U.S. Representative Chuck Schumer. He was employed as a senior legal advisor by FCC Chairman Reed Hundt in 1994, and he served as chief counsel from 1996 to 1997.
Genachowski was IAC/Chief InterActiveCorp’s of Business Operations and Barry Diller‘s Office of the Chairperson, and the executive responsible for creating Fox Broadcasting Company and USA Broadcasting. Previously, he served on the boards of Expedia, Hotels.com, and Ticketmaster.
The businessman co-founded LaunchBox Digital and Rock Creek Ventures, a Special Advisor at General Atlantic, and served on the boards of The Motley Fool, Web.com, Mark Ecko Enterprises, and Beliefnet. He was named to the JackBe Board of Directors in April 2006.
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The chief counselor served on the Board of Common Sense Media, a leading group dedicated to improving children’s and families’ media lives, and the Advisory Board of Environmental Entrepreneurs (E2). He also assisted in establishing the New Resource Fund, the country’s first commercial green bank.
Tenure as FCC Chairman
Julius Genachowski was unanimously approved as FCC Chairman by the United States Senate on June 25, 2009. “A New FCC” was named one of Wired’s “Top 7 Disruptions of the Year”. After Genachowski announced plans to develop the country’s first national broadband policy, reallocate spectrum from over-the-air T.V. broadcasters to meet the demand for wireless use, and pursue legislation to protect Internet freedom and transparency.
According to Genachowski’s opinion piece, wireless providers increased their investment in wireless infrastructure by more than 60% between 2009 and 2013, and the United States led the world in the deployment and adoption of 4G/LTE mobile broadband. Similar claims were made in an ITIF report. However, the results were later called into doubt by several media outlets. Before 2008, Businessweek referred to the United States as a “wireless backwater,” while Genachowski lauded the telecommunications industry for “America’s supremacy in mobile” in 2009.
In terms of wired broadband, the Genachowski FCC reported that networks capable of 100 megabits per second passed less than 20% of U.S. homes in 2009 and more than 80% in 2012, putting the U.S. at the top of the world terms of broadband infrastructure deployment. This followed cable providers’ announcements of upgrade plans in 2008.
According to Genachowski’s opinion piece, American companies deployed more fiber optic cable for high-speed broadband in 2011 and 2012 than any other country except China and more than all European countries combined.
On March 22, 2013, Genachowski declared his resignation. On March 22, 2013, Genachowski announced his resignation.
Julius Genachowski’s Relationship Detail
Julius Genachowski was previously married to Martha Raddatz in 1991. Martha is an American reporter with ABC News. President Barack Obama also attended their wedding. She was also previously married to Ben Bradlee Jr., and Julius was her second husband. The couple had a son together named Jake Genachowski, who is 22 years old. They separated after six years in 1997.
The Lawyer married Rachel Goslins, an American arts administrator and documentary film director and producer, in 2001. They have two children together, named Lilah, nine, and Aaron, who is seven years old.
Julius Genachowski’s Early life
Julius Genachowski, the son of Adele and Azriel Genachowski, was born in Brookline, Massachusetts, and grew up in Great Neck, New York. He studied and went to yeshiva in Israel. He enrolled in Columbia College of Columbia University as a pre-med student but graduated with a magna cum laude Bachelor of Arts in History (1985).
The 58-year-old was the Editor of the Columbia Daily Spectator. After working in Washington, D.C. for former New York Congressman Chuck Schumer, he attended Harvard Law School and got a Juris Doctor (1991), also known as magna cum laude. He was a Notes Editor at the Harvard Law Review when his classmate Barack Obama was president.
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