Everything you don’t actually need to know about the economics of Succession

Succession's financial plotline(s) about Waystar Royco is explained, including its worth, shareholders, and control structure. Learn more on FT Alphaville.

April 23, 2023 . 6:09 PM

1 min read

Waystar Royco is worth around $80bn and is a large media conglomerate publicly listed on the NYSE.
Waystar is run through three tiers of control: shareholders, board of executives, and holding company.
Significant shareholders include the Roy family with 36%, Jack 'the Ulsterman' with 4%, and Maesbury Capital represented by Stewy but ultimately controlled by Sandy and his daughter Sandi.
The Roy kids' real estate investments and Kendall's divorce may have affected their stake in Waystar.
Logan attempted to buy growth-y streaming platform GoJo run by Lukas Matsson, but instead GoJo tries to buy Waystar.