Biography & Net Worth Of Joseph Sepp Blatter

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Biography & Net Worth Of Joseph Sepp Blatter

Joseph "Sepp" Blatter is a retired Swiss football administrator who was the eighth President of the FIFA from 1998 to 2015. He is currently serving a six-year ban from participating in FIFA activities.

Early Life

Josef Blatter was born on March 10th of 1936 in Visp, Valais, Switzerland. After studying in the small city of Saint Maurice, Blatter attended the University of Lausanne. During his university years, Sepp studied business and economics, earning degrees in both subjects before embarking on a business career.

Career

Although Blatter would later become one of the most important sporting figures in the world, he started his career with a wide range of business positions. During this early period, Sepp became experienced in fields such as public relations, tourism, and more. His first foray into the sporting world began not with soccer, but ice hockey. He once held the position of general secretary of the Swiss Ice Hockey Federation. In addition, he spent his early career as Director of Sports Timing and Relations for Longines S.A, a Swiss luxury watchmaker. In 1972 and 1976, he also helped organize the Olympic Games.

Sepp began his journey with FIFA in 1975, acting as technical director for six years. In 1981, he moved up the ranks and became general secretary. 17 years later, Blatter was elected as FIFA president for the first time. From that point onward, Sepp reigned over FIFA virtually unopposed by any other presidential candidate. Despite this, he was not always a popular figure within the organization, and by the end of his tenure, only a relatively small portion of FIFA members actually supported him.

In fact, Blatter's presidency was controversial from the very beginning. In 1998, it was alleged that Sepp's election had been the result of bribery, backroom dealings, and financial irregularities. Two high-ranking FIFA members later claimed that they had been offered $100,000 to vote for Blatter.

In 2011, Blatter ran for a fourth consecutive term as FIFA president. During this period, Sepp was being investigated by the FIFA ethics committee for allegations of bribery. After a number of other potential candidates dropped out of the race, Blatter ran unopposed in 2011 and obviously won. He was immediately criticized for not postponing the elections so that new candidates could join the race. In response, Blatter stated that he would not run for a fifth term.

In 2015, Sepp ran for the FIFA presidency once again, pursuing a fifth consecutive term. This time, he ran against Prince Ali bin Hussein, although neither candidate received enough votes to win the election. Prince Ali then withdrew, making Blatter the winner by default. Just days later, Sepp was forced to resign amidst heated pressure related to a corruption scandal that had been brewing for years. He was later forced to resign from FIFA completely, and in 2016 he was banned for eight years from the organization (although this was later reduced to six years).

Net Worth

Joseph "Sepp" Blatter is a retired Swiss professional football executive who has a net worth of $40 million. He is best known for serving as the President of FIFA from 1998 to 2015, a tenure that ended in a corruption scandal and a six-year ban from FIFA. Starting his career in business and public relations, Blatter first joined the leadership of FIFA after becoming general secretary in 1981. During his time as president, Sepp increased the financial performance of the FIFA World Cup significantly.

It has been alleged that Blatter was involved in crimes such as bribery and money laundering. In addition, Sepp was accused of turning the bidding process for the FIFA World Cup into an unfair practice. Because of the incredible revenue that nations can earn from hosting the World Cup, many were desperate to win the bid by any means process. It is alleged that Blatter recognized this desperation and transformed the entire bidding process into a corrupt farce.