What is Jim Kennedy’s net worth?
| net worth: | $8.2 billion |
|---|---|
| age: | 76 |
| date of birth: | November 29, 1947 |
| gender: | male |
| high: | unknown |
| country of origin: | USA |
| Source of wealth: | Media Director |
| Last updated: | August 2, 2024 |
introduce
Jim Kennedy is an American media executive and current chairman of Cox Enterprises.
The conglomerate was founded by his grandfather, James M. Cox. Kennedy began his career in 1972 and has worked in a number of media roles.
He subsequently held a number of positions in the newspaper industry, including production assistant, reporter, copy editor, advertising salesman, and business manager.
Jim Kennedy’s net worth is estimated to be around $8.2 billion.
early life
James “Jim” Cox Kennedy was born on November 29, 1947 in Honolulu.
Kennedy was the son of Barbara Cox Anthony and airline executive Stanley C. Kennedy II.
His maternal grandfather is James M. Cox, the 46th and 48th governor of Ohio, a newspaper publisher and broadcaster. He received a bachelor’s degree in business administration from the University of Denver in 1970.
In 2003, he received an honorary Doctor of Humane Letters degree from Kennesaw State University.
Profession
James C. Kennedy started working for Cox Enterprises in 1972 as a newspaper production assistant and subsequently worked as a reporter, copy editor and advertising salesman.
Kennedy’s dedication and versatility soon brought him to the spotlight, and in 1979 he became president of Grand Junction Newspapers, Inc.
Unlike Rupert Murdoch, who founded his own media company, Jim Kennedy inherited his interest in Cox Enterprises from his mother.
In 1986, he was named executive vice president of Cox Enterprises, and his impact on the company earned him the title of “the new guy” in the industry.
He was inducted into the Georgia Technology Association’s Technology Hall of Fame in 2016 for his contributions to the newspaper industry.
The pinnacle of success
In 2004, he was honored by the Georgia State University J. Mack Robinson College of Business Hall of Fame for his contributions to the state.
A 2015 Forbes magazine profile titled “This Billionaire Knows the Secret to Saving the Family Business” highlighted his success in his career.
Two years later, in 2017, he was ranked the 105th richest person in the world and the 37th richest person in the United States.
He is the richest man in Georgia and has amassed a fortune to the point of being a billionaire.
Kennedy is one of the richest men in the world, joining the ranks of wealthy industrialists along with Jack Ma and Phil Knight.
Become a Philanthropist of the Year
In addition to his financial success, Kennedy is a recognized philanthropist, having been named “Philanthropist of the Year” in 2003 by the Association of Fundraising Professionals.
In honor of Jim’s dedication to education, the Jim Kennedy Scholarship Fund was established and donated $10 million to the University of Denver in 2008.
His foundation provides $40,000 scholarships each year to the children of 10 full-time Cox Enterprises employees who have a GPA of at least 2.50.
Kennedy also contributes to the community through various foundations and serves on the boards of the PATH Foundation, Ducks Unlimited and the Atlanta Progress Council.
In 2008, he established the James F. Kennedy Endowed Professorship in Waterfowl and Wetland Conservation at Mississippi State University.
Despite his extraordinary success, Kennedy remains down-to-earth, emphasizing the importance of sustainable development and has been a guest speaker at Fortune magazine’s “Green Brainstorm.”
Facing health challenges
Kennedy’s life has not been easy, and in 2014 he faced a personal health crisis when he was diagnosed with prostate cancer.
After his diagnosis, he actively supported campaigns to raise awareness of men’s health and successfully raised nearly $2 million for the Movember Foundation.
He achieved this with the help of Cox Enterprises and became cancer free while continuing to promote health screening for early detection.
In 2015, he demonstrated his ongoing commitment to health by announcing a major $25 million gift to Emory University for prostate cancer research.
Like entrepreneur Bershan Shaw and ice hockey player Saku Koivu, Kennedy also beat cancer and continues to live successfully.
Family roots and heritage
James C. Kennedy has a strong family connection to Cox Enterprises, stemming from his maternal grandfather, James M. Cox, who served as the 46th and 48th Governor of Ohio.
This laid the foundation for the family’s involvement in media and business and was also the starting point of its family media empire.
His sister, Blair Parry-Okeden, inherited an equal share of Cox Enterprises from her mother, Barbara Cox Anthony.
Kennedy also had a particular love for the University of Denver, where he served as a member of the school’s board of trustees.
He is actively involved in wildlife conservation and has established endowed chairs and centers in various institutions.
He is not without controversy
Kennedy was involved in a dispute over public rights of way over a Montana river that he owned, which generated considerable controversy in the media.
The National Wetlands Trust presented him with the 2014 National Blue-winged Teal Award in recognition of his contributions to the conservation of the country’s natural resources.
His career is an inspiring story for aspiring business leaders who started from the bottom and worked their way up in their organizations.
He inherited a 25% stake in Cox Enterprises from his mother in 2007, but by then he already knew the company inside out.
Jim Kennedy Net Worth
Jim Kennedy’s net worth is estimated to be around $8.2 billion.
emphasize
Here are some highlights from Jim Kennedy’s career:
- Current Chairman of Cox Enterprises
- He donated $3.1 million to establish an endowed university chair in wetland and waterfowl conservation at Colorado State University (2016)
Jim Kennedy’s Favorite Quotes
“I’m still chairman of the company. I’m there most of the time. The newspaper business is under tremendous pressure and is struggling. Newspapers need to figure out how to survive in a world of electronic news. They need to be able to monetize all the content they produce, which is now available for free.” – Jim Kennedy
“The impact on TV and radio is less significant. If you look at the ratings for radio and TV, they’re still very good, but the more ways people can get their news, entertainment or information, the more segmented the market becomes.” – Jim Kennedy
“My mother was very much into the outdoors, and she instilled that in me. When I came to Colorado, I enjoyed — and I don’t want to sound too cliché — the grandeur of the West, whether it was hunting, fishing, hiking or skiing, and I thought, ‘This is awesome.'” – Jim Kennedy
“I’m lucky that all three of my kids hunt to some degree. I’m a pure bowhunter who only hunts with traditional gear, so I spend a lot of time hunting but don’t get a lot.” – Jim Kennedy
“Cox has a tradition of embracing technology and challenging the status quo. We will continue to do so. I am personally excited to see how technology can improve not only the business, but also the way we approach and improve sustainability and healthcare.” – Jim Kennedy
3 Life Lessons from Jim Kennedy
Now that you know about Jim Kennedy’s net worth and how he achieved his success; let’s look at some lessons we can learn from him:
1. Stick with it
Stick to the vision and strategy.
2. Make it work
Make things work, and if they fail, keep trying.
3. Stop worrying
If your brain power is drained by constant worrying, then you won’t have the energy to solve real problems.
Frequently Asked Questions
How much is Jim Kennedy worth?
Jim Kennedy’s net worth is estimated at $8.2 billion.
How old is Jim Kennedy?
Jim Kennedy was born on November 29, 1947 and is 76 years old.
How tall was Jim Kennedy?
Jim Kennedy’s height is not known.
Summary
Jim Kennedy is an American media executive who started out working at Cox Newspapers.
After serving as president of the Grand Junction Property Group in Grand Junction, Colorado,
Today, he is chairman of Cox Enterprises, the Atlanta-based company that controls the third-largest cable operator in the U.S.
Jim Kennedy’s net worth is estimated to be around $8.2 billion.
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Categories: Net Worth
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