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Grizzly Bulls’ Billionaires Index

⬅ # 595 Michael Saylor|# 597 Nusli Wadia ➡

# 596 Charles Dolan 

$5.16B

Real Time Net Worth
as of 7/25/2024
$16.2M (0.31%)

# 596 Charles Dolan 

$5.16B

Real Time Net Worth
as of 7/25/2024
$16.2M (0.31%)
OccupationFounder and Chair, Cablevision Systems
Source of WealthCable Television
Age97
ResidenceOyster Bay, New York
Marital StatusWidowed
Children6
EducationDrop Out, John Carroll University
Age-Adjusted Net Worth$422.13M
Charles Dolan
Charles Dolan
United States
Net worth: $5.16B

Self-Made Score 

Wealth History

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Biography

Early Life

Charles Francis Dolan was born on October 16, 1926, in Cleveland, Ohio, USA.
His father, David Dolan, sold a patent to Ford Motor, influencing Charles's entrepreneurial spirit.
Dolan served in the United States Army Air Forces at the end of World War II.
He attended John Carroll University before dropping out to enter the telecommunications field.
Dolan's earliest professional endeavors included creating sports and industrial films with his wife in their Cleveland home.
He entered the telecommunications industry after selling his film interests to Telenews in exchange for a job.

Career Milestones

At 26, Dolan founded Teleguide Inc, a service providing information to hotels, before moving to New York.
In New York, he founded Sterling Manhattan Cable, the first company to wire buildings for cable television access.
Dolan founded Home Box Office (HBO), the first premium programming service in cable television.
He later organized Cablevision Systems Corporation on Long Island, spearheading the company's advancements.
Dolan led Cablevision's efforts in pioneering VOOM to meet the demand for HDTV content.
In 2016, he sold Cablevision to Patrick Drahi's Altice USA for $17.7 billion.

Philanthropy and Honors

Dolan is a trustee of Fairfield University and a member of the board of governors of St. Francis Hospital.
Fairfield University awarded Dolan an honorary doctorate in 2016 for his contributions as a media pioneer.
He donated $25 million to Fairfield University, resulting in the naming of the Dolan School of Business.
The Dolan Center for Science and Technology at John Carroll University is named after him.
Dolan's philanthropy underscores his commitment to education and healthcare.
He is involved in various charitable initiatives, including cancer research through the Lustgarten Foundation.

Personal and Family Life

Charles Dolan and his wife, Helen Ann, reside in Oyster Bay, Long Island, New York.
The couple has six children, including James L. Dolan, who serves as executive chairman of the Madison Square Garden Company.
His son Patrick Dolan is the principal owner and publisher of Newsday.
Dolan's family is actively involved in media, publishing, and sports ownership.
His younger brother, Larry Dolan, and nephew, Paul Dolan, own the Cleveland Guardians baseball team.
Personal connections demonstrate Dolan's deep roots in family and community.

Political Affiliation

Dolan and his spouse contributed $125,000 to Donald Trump's 2020 presidential campaign.
His political involvement highlights his support for specific candidates and causes.
Dolan's political contributions reflect his engagement in national affairs.
Political affiliations can provide insights into Dolan's values and priorities.
His contributions demonstrate a willingness to participate in the political process.
Political involvement is one aspect of Dolan's broader engagement in societal issues.

How long would it take you to become as rich as Charles Dolan?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Charles Dolan's net worth of $5.16B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Charles Dolan is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Charles Dolan, Cable Television is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey