Amos Barr Hostetter, Jr. Net WorthReal Name: Amos Barr Hostetter, Jr.
Date of Birth: 01/12/1937
Place of Birth: New Jersey
2017 Net Worth: $3.1 Billion
Profession: Chairman of Pilot House Associates, former Co-owner of Continental Cablevision
Amos, Amos Hostetter, Junior Biography
Amos Barr Hostetter, Jr. was born in January of 1937 in New Jersey. His father was a well-known trader at Commodities Corporation. Hostetter attended Pingry High School and graduated in the Class of 1954. He then attended Amherst College and graduated with a BA degree in economics in 958. He then attended Harvard University, where he received his MBA in 1961.
Hostetter and his frat brother, Irving Grousebeck, borrowed $1,500 to start up Continental Cablevision in Ohio. From this humble beginning, Hostetter’s cable company later became one of the largest private cable companies in the US. In 1996, Hostetter sold this company for $11 billion to US West in 1996. Hostetter repurchased the company and after changing its name to MediaOne, he later resold it to AT&T for $58 billion in cash and stock, as well as a seat on the board of directors. Hostetter was now working mostly through his business; Pilot House Ventures, his investment vehicle, as well as his billion dollar endowed Barr Foundation, which he operates from Lewis Wharf in Boston. The Barr foundation has donated millions to Boston area museums and other nonprofits with a special focus on energy efficiency, environmental matters, and educational efforts. Hostetter and his wife are very passionate about fighting climate change and have donated millions towards its cause, while urging their other billionaire friends to do the same. Hostetter is also currently a Life Trustee at Amherst College, his Alma matter, as well as having the honor of serving as the former chairman of C-Span.
Hostetter purchased the Second Harrison Gray Otis House on Mount Vernon Street in Boston in 2003 for a cool $12 million. Hostetter and his wife, Barbara, are well-known in and around the Boston area for their generous donations as well as for their historic home. Hostetter has a current net worth of $3.1 billion and shows no signs of slowing down or retiring completely.