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Samuel Newhouse Jr. was the Chairman and Chief Executive Officer of Conde Nast who had an estimated net worth of $12.1 billion.
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
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2018 |
Asset |
Purchase value of Samuel Newhouse Jr. and his wife's art collection |
$700,000,000 |
|
2017 |
Asset |
Estimated value of Samuel Newhouse Jr.'s modern art collection |
$100,000,000 |
|
2017 |
Earning Turned Donation |
Donation to charity including the Syracuse University |
$15,000,000 |
|
2016 |
Sale of Asset |
Sale of Samuel Newhouse Jr.'s Bright House Networks to John Malone's Charter Communications |
$11,400,000,000 |
|
2016 |
Earning Turned Donation |
Donation to the Syracuse University in the past decade |
$30,000,000 |
|
2012 |
Earning Turned Donation |
Funds to American Red Cross to assist with disaster relief in the wake of Hurricane Sandy |
$1,000,000 |
|
2011 |
Asset |
Money paid to Frank Gehry to build decisions Newhouse |
$30,000,000 |
|
2007 |
Asset |
Investment in Portfolio, an ambitious glossy business magazine edited by Joanne Lipman |
$100,000,000 |
|
2006 |
Earning Turned Donation |
Donation to the Samuel I. Newhouse Awards that includes the Wynn Newhouse Awards which provide grants to "artists of excellence who happen to have disabilities" |
$60,000 |
|
1998 |
Sale of Asset |
Sale of Samuel Newhouse Jr.'s Random House |
$1,400,000,000 |
|
1988 |
Asset |
Purchase value of Samuel Newhouse Jr.'s Jasper Johns painting |
$17,000,000 |
|
1988 |
Asset |
Purchase value of Samuel Newhouse Jr.'s Random House |
$60,000,000 |