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Let’s take a closer look at Sepp Blatter and the path that led to his current level of wealth.
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Sepp Blatter Net Worth
|Date of Birth:
|Mar 10, 1936
Joseph “Sepp” Blatter, a former Swiss professional football boss, has a net worth of $40 million. His tenure as FIFA president from 1998 to 2015, which was highlighted by a corruption scandal and a six-year FIFA suspension, is largely responsible for his notoriety. Blatter began his career in marketing and public relations before being named FIFA general secretary in 1981. As president, Sepp significantly enhanced the FIFA World Cup’s financial performance.
Sepp was also blamed for creating an unfair FIFA World Cup bidding procedure. Due to the tremendous amount of money that nations may earn by hosting the World Cup, numerous countries were eager to win the bid by whatever means necessary. Blatter, purportedly sensing this desperation, transformed the entire bidding process into a fraudulent farce.
Sepp Blatter made $6 million a year at FIFA. For example, he allegedly received a $12 million bonus after the 2014 World Cup in Brazil. Additionally, he was permitted to live in a luxurious Zurich apartment at FIFA’s expense.
Sepp Blatter’s Early Life
Blatter received a degree in commerce and economics from the University of Lausanne. In his younger years, he was an enthusiastic amateur football player and played center-forward for FC Sierre.
In addition to German, he was fluent in French, English, Italian, and Spanish, and he had a career as a journalist, to begin with.
Sepp Blatter’s Career
In succession, he was the chairman of a local tourist organization, secretary-general of the Swiss Ice Hockey Federation, and director of a watch manufacturer. He also participated in the 1972 Olympics in Munich and the 1976 Olympics in Montreal.
Blatter was appointed FIFA’s director of technical affairs in 1975. In 1981, he was appointed the organization’s secretary-general, and on June 8, 1998, he was elected president, replacing Joo Havelange.
Blatter removed himself from any appearance of impropriety, avoided associating himself with discredited FIFA officials, and refused to assume moral responsibility for their acts during the early stages of his term.
Despite what appeared to be incriminating evidence, he was exonerated and re-elected president in 2002 after a FIFA commercial partner folded in 2001.
Blatter ran unopposed for the term in 2007 and 2011, despite allegations that South Africa paid $10 million to acquire the 2010 World Cup hosting rights.
In 2011, charges of bribery and fraud were made over the awarding of the 2018 and 2022 World Cup finals to Russia and Qatar, respectively.
Outside the realm of sports, FIFA was viewed by many as a profit-driven corporation with only a passing interest in the welfare of football. From 2011 to 2014, it was estimated that the federation generated $5.7 billion in revenue, mostly from global sponsorships and media rights.
Blatter’s term at FIFA saw the addition of new global football events, including the Club World Cup, Women’s World Cup, beach football, and futsal (indoor football).
He fostered global relationships with powerful individuals, particularly in Asia and Africa, where he extended his power base and lavished members in those regions with attention and FIFA funds.
The U.S. Federal Bureau of Investigation (FBI) and Swiss agents raided a Zurich hotel on May 27, 2015, prior to FIFA’s annual convention, and arrested seven FIFA executives, charging them with organized crime and money laundering. The U.S. Justice Department indicted seven other officials and sports marketers for offenses spanning twenty-four years.
In the worldwide probe involving $150 million in bribes and kickbacks, it was also disclosed that four additional officers and two companies have previously pled guilty. Blatter was re-elected by a two-thirds majority of FIFA’s 209-member body two days after the arrests, despite a narrow two-thirds majority vote.
As the corruption scandal and public fury over Blatter’s re-election intensified in the days that followed, Blatter called for a special session of the FIFA Congress and swore to quit once his successor was elected.
After launching more investigations into Blatter in October 2015, FIFA’s ethics committee suspended him for 90 days and named Issa Hayatou acting president. Two months later, Blatter was convicted of ethical infractions and given an eight-year suspension from all football-related activity.
In February 2016, FIFA’s appeals committee lowered the suspension to six years after he appealed the verdict. In December, this judgment was upheld by the Court of Arbitration for Sport.
Sepp Blatter’s Personal Life
Blatter married Liliane Biner initially. They divorced after having Corinne. Blatter married Helmut Kaeser’s daughter, Barbara. Barbara died from surgery complications during their 10-year marriage.
Blatter dated Corinne’s Polish friend Ilona Boguska until 2002.
Sepp Blatter married dolphin trainer Graziella Bianca on December 23, 2002. 2004 saw their split. In 2014, he married Linda Barras.