Philip Anschutz is a businessman from the United States who is worth a billion dollars. Anschutz owns or controls businesses in a wide range of industries, including energy, railroads, real estate, sports, newspapers, movie theaters, arenas, and the music industry. It was in the year 2004 when he made the acquisition of the Journal Newspapers’ parent firm.
Bio
| Age: | 82 |
| Born: | December 28, 1939 |
| Gender: | Male |
| Height: | Unknown |
| Country of Origin: | United States of America |
| Source of Wealth: | Businessman |
Early Life
Philip Frederick Anschutz was born in Kansas on December 28th, 1939. His full name is Philip Frederick Anschutz. Marian and Frederick Benjamin Anschutz are Anschutz’s parents. Anschutz is their son. His father was a wealthy land speculator as well as an oil magnate.
His great-grandfather was of German ethnicity and founded the Farmers State Bank in Russell. He was born in Russia and moved to the United States.
He grew up in Russell, Kansas. It was in 1957 when he received his diploma from Wichita High School East. It was in 1961 when he graduated from the University of Kansas with a bachelor’s degree in commerce. During his time there, he was a member of the Sigma Chi Fraternity.
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What’s the Interesting Thing About His Career?
Anschutz purchased one of the largest agricultural enterprises in the United States, Baughman Farms, located near Liberal, Kansas, in the year 1970. The following year, he purchased 9 million acres of land along the Utah and Wyoming border. Because of this, he was able to amass his first fortune in the oil sector.
Through the purchase of Rio Grande Industries in 1984, he made his debut in the railroad industry. A few years later, under his leadership, the Rio Grande railroad completed the acquisition of the Southern Pacific Railroad.
In 1996, when Union Pacific Corporation and Southern Pacific merged into one company, he was promoted to the position of vice chairman of Union Pacific. Between the years 1988 and 1996, he served as a director of Southern Pacific prior to the merger.
Within Qwest in 1993, he served as both a director and the chairman of the Board. In 1995, he also served on the board of directors for Forest Oil Corporation. In addition to that, he has served on the board of directors for Pacific Energy Partners.
He was the only billionaire in Colorado throughout a good portion of the state’s history. He rose through the ranks to become one of the top 100 landowners in the United States.
After that, he entered the railroads and telecommunications industries before beginning his career in the entertainment business. In 1999, the business publication Fortune drew comparisons between him and the tycoon J.P. Morgan.
Philip Anschutz’s Net Worth
Philip Anschutz is a successful businessman in the United States who currently has a net worth of $11 billion according to celebritynetwoth.com. Philip Anschutz was born December 28, 1939, in Russell, Kansas. In addition to establishing Quest Communications, he was also the original proprietor of the Union Pacific Railroad.
Clarity Media Group, which publishes newspapers; Regal Entertainment Group, which operates movie theaters; and the Anschutz Film Group, which is the parent business of Walden Media and Bristol Bay Productions; these three entities make up Anschutz’s media empire.
In addition to that, he is the owner of the soccer team known as D.C. United. He is known as “The Man Who Owns L.A.” because he amassed his money through oil and gas, real estate, railroads, telecommunications, as well as the sports and entertainment industries.
He is one of the largest landowners in the United States, and his business empire spans the globe, consisting of more than 150 companies that are almost all privately controlled. He has contributed more than one hundred million dollars to the establishment of the Anschutz Medical Campus at the University of Colorado in Aurora.
He is also known for his philanthropic work. But Anschutz, who resides in Denver, is notoriously quiet and makes very little effort to bring attention to the fact that he is the owner of A.E.G. or, for that matter, any of the other businesses he operates.
Because of his enormous net worth, Philip Anschutz is considered to be one of the wealthiest owners of sports teams in the entire world.
Conclusion
American businessman Philip Anschutz was born in Russell, Kansas. Anschutz started Quest Communications and was the owner of the Union Pacific Railroad at one time.
His media empire includes the Clarity Media Group, which publishes newspapers, the Regal Entertainment Group, which runs movie theaters, and the Anschutz Film Group. In August 2022, Philip Anschutz is expected to have a net worth of about $11 Billion.