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John Malone is an American businessman and philanthropist who has an estimated net worth of $7 billion. He was the chief executive officer of cable and media giant, Tele-Communications Inc. (TCI) for 24 years from 1973 to 1996. He became the interim CEO of Liberty media until he was succeeded by former Oracle CFO Greg Maffei. He surpassed Ted Turner as the largest individual private landowner in the United States as of February 1, 2011. He owns 2,100,000 acres (8,500 km2) of land mostly in Maine. As of today, Liberty Media owns stakes in Sprint, Nextel, Live Nation, Barnes & Noble and the professional baseball team, Atlanta Braves. It also owns a stake in Discovery Communications, a spin-off from Liberty Media in 2005.
Born John C. Malone on March 7, 1941, in Milford, Connecticut, he graduated from Hopkins School in New Heavens in 1959. He graduated from Yale University in 1963 with a degree in Electrical Engineering and Economics. He was a member of the Phi Beta Kappa and a National Merit scholar. He graduated from John Hopkins University in 1964 with M.S. in Industrial Management. In 1965, he also has M.S. in Electrical Engineering from an NYU program at Bell Labs before receiving his Ph.D. in Operations Research from John Hopkins in 1967.
John Malone’s Liberty Global agreed in February 2013 to buy British cable company Virgin Media for $16 million. A month before, Liberty Media completed the spin-off of its Starz Entertainment group into a separate company. He also won his fight to take control of satellite radio company Sirius XM Radio when the FCC approved the takeover. He was once called Darth Vader by U.S. Vice President Al Gore and has squared off against other formidable opponents including Viacom’s Sumner Redstone over the years. He unwound his 17-year partnership at InterActiveCorp in 2010 with Barry Diller. In 1999, as a former partner of TCI Cable founder Bob Magness, he sold what was then the nation’s largest cable company AT&T for $54 billion.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2018 |
Salary |
Annual salary as the chairman of Liberty Media for the year 2018 |
$2,930 |
|
2018 |
Earnings |
Total compensation as the chairman of Liberty Media for the year 2018 |
$20,200,000 |
|
2018 |
Asset |
Purchase value of John Malone's 32,668-square-foot Humewood Castle - located on 427 acres in County Wicklow in Ireland |
$11,000,000 |
|
2018 |
Earning Turned Donation |
Donation to the Yale University's engineering school, where some professorships bear his name |
$50,000,000 |
|
2018 |
Earning Turned Donation |
Donation to fund the prestigious Hopkins School's science center which bears his name |
$25,000,000 |
|
2018 |
Asset |
Estimated value of Liberty Media as the company's largest stakeholder |
$24,000,000,000 |
|
2018 |
Asset |
Purchase value of shares in the digital streaming company Pandora by SiriusXM as the company's largest stakeholder |
$3,500,000,000 |
|
2018 |
Sale of Asset |
Sale of more than a third of John Malone's stock in Liberty Global Plc to Vodafone Group Plc |
$22,000,000,000 |
|
2018 |
Sale of Asset |
Sale of Liberty Global's operations in Germany, the Czech Republic, Hungary, and Romania to Vodafone |
$12,700,000,000 |
|
2017 |
Others |
Other compensation as the chairman of Liberty Media for the year 2017 |
$570,730 |
|
2017 |
Earnings |
Total compensation as the chairman of Liberty Media for the year 2017 |
$19,800,000 |
|
2017 |
Salary |
Annual salary as the chairman of Liberty Media for the year 2017 |
$1,680 |
|
2017 |
Asset |
Purchase value of 332,523 shares in Discovery Communications |
$6,600,000 |
|
2017 |
Asset |
Purchase value of Scripps Networks Interactive by Discovery Communications Inc. as one of the company's shareholders |
$14,600,000,000 |
|
2017 |
Asset |
Acquisition of auto-racing league Formula 1 |
$4,400,000,000 |
|
2016 |
Others |
Other compensation as the Chairman of the Board of Liberty Media Corporation for the year 2016 |
$570,730 |
|
2016 |
Salary |
Annual salary as the Chairman of the Board of Liberty Media Corporation for the year 2016 |
$747,160 |
|
2016 |
Earnings |
Total compensation as the chairman of Liberty Media for the year 2016 |
$16,900,000 |
|
2015 |
Asset |
Purchase value of John Malone's seaside mansion in Florida built by the Playmobil founder Horst Brandstätter |
$38,000,000 |
|
2015 |
Earnings |
Total compensation as the chairman of Liberty Media for the year 2015 |
$12,100,000 |
|
2014 |
Asset |
Purchase value of John Malone's 1,500-acre estate called Mount Juliet and property at Humewood in Ireland |
$25,720,000 |
|
2011 |
Earning Turned Donation |
Donation for the construction of Johns Hopkins University's 56,000-square-foot research building for the Whiting School of Engineering |
$30,000,000 |
|
1999 |
Sale of Asset |
Sale of his firm Liberty Media to AT&T |
$48,000,000,000 |
|
1999 |
Sale of Asset |
Sale of his firm TCI to AT&T |
$50,000,000,000 |