Philip Anschutz Net Worth

Philip Fredrick Anschutz Net Worth

Real Name: Philip Fredrick Anschutz
Date of Birth: 12/28/1939
Place of Birth: Russell, Kansas

2019 Net Worth: $11 Billion
2018 Earnings:

Profession: Entrepreneur, Investor

Philip Anschutz Biography

Philip Anschutz was born in 1939 in Russell, Kansas. His father was an oil tycoon and land investor. Anschutz’s great grandfather, who had emigrated from Russia, started Farmers State Bank in Russell, Kansas. Anschutz grew up in the Wichita, Russell, and Hays, Kansas, where he was a neighbor of Bob Dole. Anschutz attended the University of Kansas and graduated with a Bachelor’s degree in Business.

Anschutz bought one of the largest farming corporations, Baughman Farms, in 1970 for $10 million. The next year he bought 9 million acres along the Wyoming/Utah border. This produced his first fortune in the oil business in the early 1980’s. He named this property the Anschutz Ranch and with its 1 billion barrel oil pocket, it quickly became the largest oil field discovery in the United States since 1968. Anschutz sold a partial interest in his ranch to Mobil Oil in 1982 for $500 million. For several years after this, Anschutz was Colorado’s only billionaire. He has since bought a great deal more land in other Western states and now owns more land than almost any other private citizen in America.

Anschutz then bought telecommunications companies, railroads, and went into the entertainment business. He bought the Rio Grande Railroad holding company and 4 years later, the Southern Pacific Railroad. He has been the Director for Pacific Energy Partners as well as served on the boards of the American Petroleum Institute and the National Petroleum Council. Anschutz bought Xanterra Parks and Resorts in 2008 as well as the Oklahoma Publishing Company, and Pike’s Peak Railway in Colorado Springs.

Anschutz is a reclusive billionaire who avoids the limelight and publicity. He has given only two interviews since 1979 and none at all since the mid 1980’s. He has a net worth of $11 billion and more projects in the pipeline such as the acquisition of the Oklahoma Publishing Company.

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