FINANCE | 2022 LA500
Chairman & Chief Executive Saban Capital Group The Egyptian-born Saban moved to Los Angeles in 1983 and launched a chain of recording studios that became the top supplier of music for television productions. He formed Saban Entertainment in 1988 and in 1993, launched the “Mighty Morphin Power Rangers” franchise. Saban merged his company with Rupert Murdoch’s Fox Kids Network, creating a fully integrated entertainment company that was sold to the Walt Disney Co. in 2001 for over $5 billion. Saban donated $1 million to the American Israel Public Affairs Committee super PAC in April, the super PAC’s largest donation from an individual to date.