Net Worth & Profile
Philip Anschutz Biography and Net Worth
Philip Frederick Anschutz is a wealthy businessman from the United States. He owns or oversees a wide range of businesses.
Who is Philip Anschutz?
Philip Frederick Anschutz is a wealthy businessman from the United States. He owns or oversees a wide range of businesses. Energy, railroads, real estate, sports, newspapers, movies, theaters, arenas, and music are among them.
Bio Data
| Name | Philip Anschutz |
| Gender | Male |
| Date of Birth | Dec 28, 1939 |
| Age | 83 years old |
| Place of Birth | Russell |
| Profession | Businessperson, Financier, Entrepreneur |
| Nationality | United States of America |
| Net worth | $13 Billion |
Biography
Anschutz was born in Russell, Kansas, to Marian and Frederick Benjamin Anschutz. His father made investments in ranches and, later, in oil drilling. Carl Anschutz, his grandpa, immigrated from Russia and founded a bank.
Anschutz grew up in Russel, and he also lived in Wichita and Hays, Kansas, He graduated from high school in Wichita in 1957 and earned a business degree from the University of Kansas in 1961, where he was a member of the Sigma Chi Fraternity.
Career
Anschutz took charge of his father’s oil-drilling business, scoring big in Wyoming and amassing extensive land holdings in 1961. His acquisitions, including Baughman Farms in Kansas and millions of acres on the Wyoming-Utah border, led to a major oil find, ranking him among the top 100 US landowners.
In 1984, he ventured into railroads by acquiring Rio Grande Industries. Overseeing the Southern Pacific Railroad purchase and its merger with Union Pacific, he ascended to vice chairman. Anschutz also held positions on boards in the oil industry.
Establishing Qwest Communications in 1996, covering 14 states, it faced complications and was later acquired by CenturyLink in 2010.
Anschutz’s prime investments center on sports and entertainment, primarily through Anschutz Entertainment Group (AEG), a global player. He owns the Coachella Festival, Walden Media, Regal Entertainment Group, and the Broadmoor Hotel. Anschutz played a pivotal role in Major League Soccer, owning teams like Chicago Fire and Colorado Rapids. He also owns the NHL’s Los Angeles Kings and NBA’s Los Angeles Lakers, along with major venues like Staples Center and O2 Arena.
Anschutz holds stakes in publications like the Oklahoman and the San Francisco Examiner. He established the Washington Examiner in 2005 and the Baltimore Examiner in 2006. He’s invested in NRC Broadcasting, LightEdge Solutions, and Wyoming Power Company for a wind power project.
A devout conservative Christian, Anschutz supports anti-abortion and anti-LGBTQ+ causes. He contributed to right-wing organizations and conservative campaigns during the 2016 elections.
Net Worth
Philip Anschutz is an American entrepreneur who has an estimated net worth of $13 billion and has maintained billionaire status since 1982. His wealth comes from Anschutz Corp, notably AEG. He made profits in oil in the 1970s, later venturing into railroads and telecommunications.
Anschutz sold Qwest Communications for $23 billion in 2010, earning a $4 billion windfall. Today, he oversees companies in various industries and is a philanthropist, donating over $100 million to establish the Anschutz Medical Campus at the University of Colorado in Aurora.
Personal Life and Marital Status
Anschutz met his wife, Nancy, at 16, and they now have three children. Through the Anschutz Foundation, they’ve donated over $100 million to the University of Colorado School of Medicine, now situated on the Anschutz Medical Campus, named after them. They’ve also contributed to their alma mater, the University of Kansas.
FAQs
Q: Who is Philip Anschutz?
A: Philip Anschutz is an American entrepreneur known for his diverse business ventures in industries like energy, real estate, sports, and entertainment.
Q: What are some of Philip Anschutz’s notable investments?
A: Anschutz is known for owning companies like AEG (Anschutz Entertainment Group), which controls major entertainment venues and events like Coachella. He also had significant holdings in Qwest Communications and Regal Entertainment.
Q: What is Philip Anschutz’s philanthropic work?
A: Anschutz has donated over $100 million to establish the Anschutz Medical Campus at the University of Colorado, showing his commitment to healthcare and education.
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