What is Philip Anschutz’s Net Worth?
| net worth: | $11 billion |
|---|---|
| age: | 84 |
| date of birth: | December 28, 1939 |
| gender: | male |
| high: | unknown |
| country of origin: | USA |
| Source of wealth: | merchant |
| Last updated: | July 29, 2024 |
introduce
Philip Anschutz is an American billionaire businessman.
Anschutz owns or controls companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas, and music.
In 2004, he acquired the parent company of the Daily Newspaper Group.
As of July 2024, Philip Anschutz’s net worth is estimated to be approximately $11 billion.
early life
Philip Frederick Anschutz was born on December 28, 1939 in Kansas.
Anschutz is the son of Marian and Frederick Benjamin Anschutz. His father was an oil tycoon and land investor.
His grandfather, an ethnic German immigrant from Russia, founded the Farmers National Bank in Russell.
He grew up in Russell, Kan. He was a 1957 graduate of Wichita East High School.
In 1961, he received a bachelor’s degree in business administration from the University of Kansas, where he was a member of the Sigma Chi fraternity.
Profession
When Philip Anschutz was born, he was already one of the richest men in the United States; his father was an oil tycoon and land investor.
After graduating from high school, Anschutz received a bachelor’s degree in business administration from the University of Kansas in 1961.
In 1970, he acquired one of the largest agricultural companies in the United States. Bowman Farmpriced at $10 million.
The following year, he purchased nine million acres of land on the Utah-Wyoming border and used them to create the Anschutz Ranch.
However, in 1978, oil was discovered in the area, and Anschutz sold the rights to Mobil Oil for $500 million.
Land, Oil and Petroleum
After the discovery of oil, Anschutz purchased land in the western United States, becoming one of the largest landowners in the country.
In 1984, Philip Anschutz acquired Rio Grande Industries and four years later, the Southern Pacific Railroad.
After the Southern Pacific and Union Pacific merged in 1996, Anschutz became vice chairman of Union Pacific.
Around the same time, he became a director of Forest Oil Corporation, a director and chairman of Qwest, and a director of Pacific Energy Partners.
In 2001, the Bush administration supported Anschutz’s rights to drill for oil in Montana, where Native Americans wanted to preserve petroglyphs.
Fortunately, a year later, Anschutz abandoned its drilling plans and donated its lease to the National Trust for Historic Preservation.
Anschutz left Qwest in 2006 and acquired Xanterra Parks and Resorts two years later, followed by the Oklahoma Publishing Company.
Like Elon Musk in the oil and railroad sectors, Philip Anschutz has amassed billions of dollars through his business ventures.
He even branched out into the entertainment industry, owning multiple American football teams during his career.
Sports and other careers
In addition to owning the Coachella music festival, Anschutz also owns some of the richest football teams in the United States.
As one of the founders of Major League Soccer, Philip Anschutz has owned the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, D.C. United and Houston Dynamo.
However, he came to own the Galaxy after selling off shares in most other teams he previously controlled.
Anschutz also financed the distribution of Christian-themed films, including The Chronicles of Narnia: The Lion, the Witch and the Wardrobe.
Anschutz also invested in Clarity Media Group, which includes newspapers The Oklahoman and Washington Examiner.
Anschutz has since registered the “Examiner” trademark in more than 60 cities across the United States.
He also has investments in the Oil and Gas Clearinghouse and NRC Broadcasting, which owns radio stations in Colorado.
In 2008, he acquired LightEdge Solutions, and in 2011, Oklahoma Publishing Company.
In addition, Anschutz is active in politics and has donated to conservative think tanks such as the Federalist Society and the Heritage Foundation.
Most recently, it was discovered that he donated $75,000 to the Attorneys General Association just days after Roe v. Wade was overturned.
Although he said he did not support overturning the law, he was criticized for the timing of his donation.
As of July 2024, Philip Anschutz’s net worth is estimated to be approximately $11 billion.
How does Philip Anschutz spend his money?
Philip Anschutz spent some of the money on real estate and other purchases in Colorado.
Philip Anschutz’s Home
Anschutz owns a beautiful house in Denver, Colorado.
Philip Anschutz’s other purchases
Anschutz owns stakes in the Los Angeles Lakers and Los Angeles Kings as well as arenas including the Staples Center, the O2 Arena and the Home Depot Center.
emphasize
Here are some highlights from Philip Anschutz’s career:
- Circle A Drilling (1961)
- Periodicals and newspapers (2004)
Philip Anschutz Quotes
“The number of properties like Broadmoor will decrease significantly over time. They will prosper best if owned by a family with stewardship values rather than treating them as ordinary assets.” – Philip Anschutz
“I saw speculation in the media early on that I was a rail fan. I’m not. This is not a hobby. This is a full-time job and a very serious job. We are keeping this railway running.” – Philip Anschutz
“I definitely had an interest in business very early on. Even though I didn’t understand it at 10, when you see what can be done and what the possibilities are, you want to be a part of it. You want to own it.” – Philip Anschutz
“We are fortunate to employ a wide range of diverse talent across our company, and they all matter to us – they are judged solely on the quality of their work performance; we do not tolerate discrimination of any kind.” – Philip Anschutz
“There’s no magic. We own 100% of venues around the world and parts of businesses around the world. We own 100% of sports teams and parts of sports teams. There’s no magic here.” – Philip Anschutz
3 Important Lessons from Philip Anschutz
Now that you know Philip Anschutz’s net worth and how he achieved his success, let’s look at some lessons we can learn from him:
1. Sidelines
There is no benefit in standing aside all the time.
2. The Real Thing
People want to do something real. They want to go horseback riding, fishing, shooting, or walking on the beach to find nesting turtles.
3. Adversity
Adversity is a considerable advantage—as long as you use it as an advantage—because it helps you do things you never thought you could do.
Frequently Asked Questions
How much is Philip Anschutz worth?
Philip Anschutz’s net worth is estimated to be $11 billion.
How old is Philip Anschutz?
Philip Anschutz was born on December 28, 1939 and is 84 years old.
How tall is Philip Anschutz?
Philip Anschutz’s height is not known.
Summary
Philip Anschutz is an American entrepreneur born in Russell, Kansas.
Anschutz is the founder of Quest Communications and former owner of Union Pacific Railroad.
His media empire includes newspaper publishing company Clarity Media Group, movie theater chains Regal Entertainment Group and Anschutz Film Group.
As of July 2024, Philip Anschutz’s net worth is estimated to be approximately $11 billion.
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Categories: Net Worth
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