Charles Francis Dolan Net WorthReal Name: Charles Francis Dolan
Date of Birth: 10/16/1926
Place of Birth: Cleveland, Ohio
2017 Net Worth: $4.4 Billion
Profession: Founder and Chairman of Cablevision and HBO
Charles Dolan Biography
Charles Dolan was born in Cleveland, Ohio, in October of 1926. Son of an inventor, he dropped out of John Carrol University and served in the United States Air Force. One of his first jobs was, along with his wife, editing and producing short films out of his home about sports events which he would sell for television syndication. Dolan sold his business and joined the firm to whom it was sold and moved east to New York.
Dolan established Teleguide Inc., which gave information services via cable to hotels in New York City. In the late 1960’s, Dolan founded Sterling Manhattan Cable, the very first urban cable television company in the United States. Sterling made first-of-their-kind agreements to bring movies, cultural programming, and professional sports teams directly into the homes of New York City cable viewers.
In 1970, Dolan went a step further and founded Home Box Office Inc (HBO). This was the first premium programming service in the cable television industry. Dolan later traded HBO to Time Inc. for the Long Island Cable Company, which is now known as Cablevision. Dolan’s son James is now the Chief Executive Officer of Cablevision.
In addition to Cablevision, Dolan is also the owner of Madison Square Garden, one of the largest and most prestigious stages in the world. Currently undergoing a $1 billion renovation, it is listed as Madison Square Garden Co., which also operates the Beacon Theater, New York Knicks basketball team, the New York Rangers hockey team, and Radio City Music Hall. The Dolan family also controls the AMC Networks.
Cablevision currently has more than 2.8 million customers in the New York area. Even though the New York Knicks failed to make the playoffs in 2014, the New York Rangers made up for that lost revenue by reaching the Stanley Cup for the first time in 20 years. Dolan has a current net worth of $4.4 billion and lives in Oyster Bay, New York.