You may not know his name, but chances are you’ve used a service or watched a channel with connections to John C. Malone.
The largest individual landowner in the US, Malone is the chairman of Liberty Media and has interests as wide ranging as race cars, the Discovery Channel, and the Atlanta Braves.
Here's a taste of his diverse interests:
- He is largest stakeholder of Liberty Media, which is worth $24 billion.
- He owns 28% of Discovery Communications, which just sealed a $14.6 billion deal for Scripps.
- He owns a quarter of Liberty Global, the largest international cable company with 29 million subscribers.
- He owns 8% of the publicly traded Atlanta Braves.
- He owns 2.2 million acres of land, making him the single largest landowner in the US.
But the media mogul wasn’t just born into his $9.22 billion net worth. Here’s how one of the richest and most powerful people in American business rose to prominence.
John C. Malone was born to parents of Irish descent on March 7, 1941, in Milford Connecticut, a suburb about two hours north of New York City.
He attended the prestigious Hopkins School in neighboring New Haven, graduating with a National Merit Scholarship in 1959.
The school, founded in 1660, is one of the oldest and most prestigious in the country. But Malone didn't always feel that he fit in.
"I was neither a preppy nor a town kid," Malone said in 1994. "So I put a lot of energy into athletics." He got letters in fencing, track, and soccer. "It was raw drive, not skill," he says.
He has since donated $25 million to fund school's science center, which bears his name.
After high school, Malone stayed in New Haven and attended Yale University. He graduated in 1963 with a degree in electrical engineering and economics.
He has since donated $50 million to the university's engineering school, where some professorships bear his name.
See the rest of the story at Business Insider
via Strategy http://read.bi/2sZQtyM
August 11, 2017 at 01:06PM