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Samuel Newhouse Jr. Net Worth

Samuel Newhouse Jr. Net Worth

Net Worth: $12.7 Billion

Statistics
  • Source of Wealth Media
  • Birth Place New York City, New York
  • Marital Status Married (Victoria Newhouse)
  • Full Name Samuel Irving Newhouse Jr.
  • Nationality American
  • Date of Birth November 8, 1927
  • Ethnicity Jewish
  • Occupation Chairman and CEO of Conde Nast
  • Education Horace Mann School
  • Children 3
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About Samuel Newhouse Jr.

Samuel Newhouse Jr. is the Chairman and Chief Executive Officer of Conde Nast who has an estimated net worth of $12.7 billion as of July 2017 according to Bloomberg.

Samuel Irving Newhouse Jr., born on November 8, 1927 in New York City, has earned his estimated net worth as the co-owner of the publishing giant Advance Publication along with his brother Donald. The publication company was founded by their father, Sam Newhouse (d. 1979), who is a first-generation American who turned the Bayone Times into the largest privately-held newspaper chain in the country.

The Newhouse brothers helped expand the company and today, it includes Bright House Cable and a stake in Discovery Communications, the operator of cable and satellite television networks such as Discovery Channel and TLC. Donald is responsible in overseeing the newspaper business while Samuel is the head of Conde Nast, a magazine division of the company.

Conde Nast includes titles such as Vogue, The New Yorker and Wired. Despite facing its tough times in several years, the magazine industry is starting to gain in the increased ad sales, most especially with the fashion magazines. British Vogue has launched Miss Vogue for the teen readers in May.

Also known as S.I. or Si, he owns an extensive modern art collection. Among the most valuable paintings in the world that he owns include a Jackson Pollock drip painting entitled No. 5, 1948. He was listed as among the top 200 art collectors in the world by Art News.