Samuel Newhouse Jr. Net Worth

Net Worth: $12.1 Billion
Statistics
  • Source of Wealth:

    Business (Publishing and Media)
  • Birth Place:

    New York City, New York, United States of America
  • Marital Status:

    Married (Victoria Newhouse)
  • Full Name:

    Samuel Irving Newhouse Jr.
  • Nationality:

    American
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About Samuel Irving Newhouse Jr.

Samuel Newhouse Jr. was the Chairman and Chief Executive Officer of Conde Nast who had an estimated net worth of $12.1 billion.

Image result for Si Newhouse Jr. Advance Publications

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 Bayonne 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 for 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 owned 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.

Earnings & Financial Data ?
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Earnings 2018

Asset Jan. 2018
Purchase value of Samuel Newhouse Jr. and his wife's art collection
$700,000,000

Earnings 2017

Asset Oct. 2017
Estimated value of Samuel Newhouse Jr.'s modern art collection
$100,000,000
Earning Turned Donation Jan. 2017
Donation to charity including the Syracuse University
$15,000,000
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