John Malone Net Worth

John C. Malone Net Worth

Real Name: John C. Malone
Date of Birth: 03/07/1941
Place of Birth: Milford, Connecticut

2019 Net Worth: $7.3 Billion
2018 Earnings:

Profession: Chairman of Liberty Media, former CEO of Tele-Communications Inc.

John Malone Biography

John Malone was born in Milford, Connecticut in 1941. He graduated from Yale University with a Bachelor’s degree in Electrical Engineering and Economics. Malone graduated from John Hopkins University in 1964 with a Master’s degree in Industrial Management. Malone also received a Master’s degree in Electrical Engineering from Bell Labs in 1965, then a Ph.D. from John Hopkins in Operations Research in 1967.

Malone was the CEO of the media and cable giant Tele-Communications Inc. (TCI) from 1973 until 1996. Although he shuns the media limelight, when it comes to business dealings, he has been referred to as Darth Vader for his harsh, no-nonsense, demanding style. He was the interim CEO of Liberty Media and now serves as Chairman. Malone shows no sign of slowing down as Liberty Global agreed in February of 2013 to buy Virgin Media for $16 million, and has since taken control of the satellite radio company Sirius XM Radio. Liberty Media has stakes in Nextel, Sprint, Barnes & Noble, Discovery Communications, Live Nation, as well as a professional baseball team, the Atlanta Braves. He attempted a takeover of Time Warner Cable in early 2014 but lost the bid to Comcast.

Malone is now the largest individual private landowner in the US as of 2011, surpassing Ted Turner. He owns more than 2 million acres of land, mainly in the state of Maine, but also in Texas, New Hampshire, Wyoming, New Mexico, Maryland and Colorado. He is the owner of Silver Spur Ranch in Wyoming, the Bell Rancho and TO Ranch in New Mexico, and several more ranches in Colorado. His real estate holdings are not only domestic ones; he also owns Humewood Castle in Ireland.

Although he is a very wealthy man, Malone lives a fairly modest lifestyle and often takes family vacations with friends in tow, in an RV. With a current net worth of $7.3 billion, and no signs of retiring, Malone is on track to become one of the wealthiest businessmen of all time.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: