In this success post, we are going to share the story of Donald Newhouse, an American billionaire heir, and business magnate.
He owns Advance Publications, founded by his late father in the year 1922, whose properties include the Conde Nast, dozens of newspapers across the U.S., cable company Bright House Networks, and a controlling stake in Discovery Communications.
According to Forbes, he has an estimated net worth of $15 billion. He resides in New York City.
Donald Newhouse early life
Donald father, Samuel Irving Newhouse Sr, was born on the Lower East Side of Manhattan and began the family media business. His mother, Mitzi Epstein, was an art of patron and philanthropist who grew up in an upper-middle-class family on the Upper West Side, the daughter of a silk tie importer.
Some of the facts about Donald Newhouse
1. He is the 116th richest man in the world.
Donald , at the age of 86, has a net worth of $11 billion, according to the Forbes 2019. This makes him the 100th richest billionaire across the globe. In the U.S., he is the 47th richest person.
2. He presides over newspapers in more than 25 U.S. cities.
After his father’s death, Donald and his brother, also named Samuel, took control of the S.I media empire. Advance Publications owns Conde Nast, the magazine that Samuel presides over, as well as newspapers, cable televisions, and some other entertainment outlets.
3. He helped fund a humanities centre at Wellesley College.
Donald and his wife, Susan, donated a large sum to Wellesley College, her alma mater, in the year 2004. The college used it to establish the Susan and Donald Newhouse Centre for the Humanities. The Centre hosts artists, fellows, and speakers.
4. He is the wealthiest resident of New Jersey.
As of March 16, Donald is the wealthiest resident of the state of New Jersey, according to the NJ.com. David Tepper, the owner of Appaloosa Management, was the richest resident before he moved to Miami.
Donald Newhouse philanthropy
In the month of January 2020, Donald Newhouse donated $100 million to the S.I Newhouse School of Public Communications at his Alma Mater Syracuse University. The communications school is named after his father, Samuel Irving Newhouse Sr.
Donald Newhouse Net Worth
Donald’s net worth has been estimated to be around $11.3 billion.
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