Richard Rosenblatt Net Worth

Richard Rosenblatt Net Worth is
$100 Million

Richard Rosenblatt Bio/Wiki, Net Worth, Married 2018

Richard Rosenblatt (born 1969) is a serial entrepreneur as well as the Co Founder, Chairman and CEO of Demand Media. He’s constructed, managed, and sold over $1.3 billion of Internet media businesses. Rosenblatt wasn’t among those identified in the suit. Spitzer accused the business of installing marketing software without notifying unsuspecting consumers. Intermix admitted this was part of an old practice put in place by previous direction, but insisted the firm no longer installed applications without first notifying a customer they were doing thus. The case against Intermix was afterwards settled for a pecuniary amount, though there is no admission of guilt. The creator and former CEO of Intermix Media Inc., Brad Greenspan, was fined $750,000 as part of an arrangement with Spitzer to stop the investigation against him. In 2006, Greenspan filed suit against Intermix, claiming the executives and managers, Rosenblatt among them, withheld vital info to investors about the possible earnings generated by the selling of Intermix to News Corp. Greenspan expressly said the deal deceived investors by not including the growth potential of MySpace.com in the agreed upon sales amount. Critics pointed out that during the period of the deal News Corp’s purchase of Intermix was still considered a fiscally risky proposal. Additionally damaging his claims was the very fact that Greenspan was requested to step down as CEO when the business have been under investigation by the SEC as well as the shares had dropped to an awkward low. The case was dismissed on Friday, 6 October 2006, when Judge Carolyn Kuhl decided that investors of Intermix Media, Inc. had been lawfully notified prior to voting on the trade. The case continues to be pending.

Richard Rosenblatt Net Worth $100 Million Dollars



Known for movies