How much is Philip Anschutz’s net worth?
| net worth: | $11 billion |
|---|---|
| age: | 84 |
| Birth: | 28 December, 1939 |
| gender: | Male |
| Height: | unknown |
| country of origin: | United States of america |
| Sources of funds: | Businessman |
| Last Updated: | July 29, 2024 |
Introduction
Philip Anschutz is an American billionaire businessman.
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Anschutz owned or controlled companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, films, theaters, arenas, and music.
In 2004 he purchased the parent company of Journal Newspapers.
As of July 2024, Philip Anschutz net worth is estimated to be roughly $11 billion.
early life
Philip Frederick Anschutz was born on December 28, 1939 in Kansas.
Anschutz is the son of Marion and Frederick Benjamin Anschutz. His father was an oil tycoon and land investor.
His paternal grandfather was an ethnic German who immigrated from Russia and founded the Farmers State Bank in Russell.
He grew up in Russell, Kansas. He graduated from Wichita High School East in 1957.
In 1961 he earned a bachelor’s degree in business from the University of Kansas, where he was a member of the Sigma Chi Fraternity.
Livelihood
When Philip Anschutz was born, he was already one of the richest men in America, the son of an oil tycoon and land investor.
After graduating from high school, Anschutz earned a bachelor’s degree in business from the University of Kansas in 1961.
In 1970 he purchased one of America’s largest agricultural corporations. Baughman FarmsFor $10 million.
The following year, he purchased 9 million acres of land on the Utah-Wyoming border, which he used to create the Anschutz Ranch.
However, in 1978 oil was discovered in the area and Anschutz was able to sell the rights to Mobil for $500 million.
Land, Oil and Petroleum
After the discovery of oil, Anshutz purchased land in the western United States and became one of the country’s largest landowners.
In 1984 Philip Anschutz purchased Rio Grande Industries and four years later purchased the Southern Pacific Railroad.
After the merger between Southern Pacific and Union Pacific in 1996, Anshutz became Union’s vice president.
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Around the same time, he became a director of Forest Oil Corporation, a director and chairman of Quest, and a director of Pacific Energy Partners.
In 2001, the Bush administration upheld Anschutz’s right to drill for oil in Montana, where local Native Americans wanted to preserve rock carvings.
Fortunately, a year later, Anschutz abandoned his drilling plans and donated his lease to the National Trust for Historic Preservation.
Anschutz left Quest in 2006 and two years later, purchased Xanterra Parks & Resorts, followed by Oklahoma Publishing Company.
Like the Elon Musk of the oil and rail sector, Philip Anschutz has also earned billions from his business ventures.
He has also ventured into the entertainment industry and has owned several American football teams throughout his career.
Sports and other ventures
In addition to owning the Coachella Music Festival, Anschutz also owns some of the richest soccer teams in the United States.
As one of the founders of Major League Soccer, Philip Anschutz owns the LA Galaxy, Chicago Fire, Colorado Rapids, DC United, and Houston Dynamo.
However, he only owns the Galaxy, as he has sold his stakes in the other teams he previously controlled.
Anschutz has also financed the distribution of Christian-themed films, including The Chronicles of Narnia: The Lion, the Witch, and the Wardrobe,
In addition, Anschutz has invested in Clarity Media Group, which includes newspapers The Oklahoman And Washington Examiner,
Anschutz has since trademarked the name “Examiner” in more than 60 cities across the United States.
He also has investments in the Oil & Gas Clearinghouse and NRC Broadcasting, which owns radio stations in Colorado.
In 2008 he purchased LightEdge Solutions, and in 2011 acquired Oklahoma Publishing Company.
In addition, Anschutz has also been active in politics and has donated to conservative think tanks including the Federalist Society and the Heritage Foundation.
More recently, it was discovered that he donated $75,000 to the Attorneys General Association a few days after the Roe v. Wade case was dismissed.
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 net worth is estimated to be roughly $11 billion.
How does Philip Anschutz spend his money?
Philip Anschutz spends some of his money on real estate and other purchases in Colorado.
House of Philipp Anschütz
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Anschutz owns a beautiful home in Denver, Colorado.
Other purchases by Philip Anschutz
Anschutz owns stakes in the Los Angeles Lakers and Los Angeles Kings and venues including the Staples Center, O2 Arena and Home Depot Center.
Highlights
Here are some of the best highlights of Philip Anschutz’s career:
- Circle A Drilling (1961)
- The Journal Newspaper (2004)
Favorite quotes from Philip Anschutz
“Properties like The Broadmoor depreciate greatly over time. They thrive best when they are owned by a family that sees them as more than just an asset, but also considers their value.” – Philip Anshutz
“Some of the initial speculation I saw in the press was that I was a railroad fanatic. I’m not. This is not a hobby. This is a full-time business, and a very serious business at that. We’re making this railroad work.” – Philip Anshutz
“I must have been inclined towards business from the beginning. Not that I understood it when I was 10, but when you see what can be done, what the possibilities are, you want to be involved in something. You want to own it.” – Philip Anshutz
“We are fortunate to employ a diverse group of individuals within our family of companies, all of whom are important to us – they are valued solely on the quality of their work performance; we do not tolerate discrimination of any form.” – Philip Anshutz
“There’s no magic to it. We own 100 percent of venues around the world and we own partial stakes in ventures around the world. We own 100 percent of sports teams and we partially own sports teams. There’s no magic to it.” – Philip Anshutz
3 Powerful Lessons from Philip Anschutz
Now that you know all about Philip Anschutz’s net worth and his success, let’s take a look at some of the lessons we can learn from him:
1. Sideline
There is no benefit in sitting on the sidelines all the time.
2. Authentic things
People want to do authentic things. They want to go horseback riding, fishing, shooting or look for turtle nests on the beach.
3. Adversity
Adversity is a great advantage – provided you think of it as an advantage – because it helps you do things you never thought you could do.
Frequently Asked Questions
How much is Philip Anschutz’s net worth?
Philip Anschutz’s net worth is estimated at $11 billion.
How old is Philip Anschutz?
Philip Anschutz was born on 28 December 1939 and is currently 84 years old.
How tall is Philip Anshutz?
Philip Anshutz’s height is unknown.
Summary
Philip Anschutz is an American entrepreneur who was born in Russell, Kansas.
Anschutz is the founder of Quest Communications and former owner of the Union Pacific Railroad.
His media empire includes newspaper publishing company Clarity Media Group, cinema chain Regal Entertainment Group, and Anschutz Film Group.
As of July 2024, Philip Anschutz net worth is estimated to be roughly $11 billion.
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Category: Net worth