⬅ # 149 John Doerr|# 151 Alisher Usmanov ➡

# 150 Donald Newhouse 

$14.5B

Real Time Net Worth
as of 12/22/2024
-$88.0M (-0.61%)

# 150 Donald Newhouse 

$14.5B

Real Time Net Worth
as of 12/22/2024
-$88.0M (-0.61%)
OccupationPresident, Advance Publications
Source of WealthMedia
Age95
ResidenceNew York, New York
Marital StatusWidowed
Children3
EducationDrop Out, Syracuse University
Age-Adjusted Net Worth$1.36B
Donald Newhouse
Donald Newhouse
United States
Net worth: $14.5B

Self-Made Score 

Luminox Men's Sea Sport Timer Automatic 0920 Series Watch

Wealth History

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Biography

Biographical Information

Donald Edward Newhouse, born in 1929, is an American billionaire and business magnate.
He and his late brother, Samuel 'Si,' inherited the publishing and broadcasting empire, Advance Publications, from their father, Samuel Irving Newhouse Sr., in 1922.
Donald played a significant role in overseeing the newspaper business built up by his father, including the daily Staten Island Advance.

Business Empire

Advance Publications, owned by Donald, encompasses Condé Nast, publisher of iconic magazines like Vogue, Vanity Fair, and The New Yorker.
The media conglomerate also controls dozens of newspapers across the US, including The Star-Ledger, The Plain Dealer, and The Oregonian.
Additionally, Advance Publications holds a controlling stake in Discovery Communications and has stakes in Warner Bros. Discovery and social news site Reddit.

Media Industry Challenges

In response to the tumultuous media environment, Conde Nast, under Donald's leadership, sold W Magazine, Brides, and Golf Digest in 2019.
The company faced challenges, leading to layoffs of 100 employees in May 2020.

Family and Personal Life

Donald's brother, Si, who ran Conde Nast for years, passed away in October 2017.
Donald married Susan Marley in 1955, and the couple had three children: Katherine Irene, Michael Andrew, and Steven O.
The couple's primary residence was in New York City, and they often spent weekends on their farm in New Jersey.
Susan Newhouse, Donald's wife, passed away in 2015 from primary progressive aphasia, the same rare disorder that afflicted Si Newhouse.

Philanthropy

In January 2020, Donald donated $75 million to Syracuse University's S. I. Newhouse School of Public Communications, named after his father.
In March 2021, Donald and his wife Susan launched a fund at the Association for Frontotemporal Degeneration (AFTD) with a $20 million donation, the largest in the charity's history.

Donald Newhouse's Wealth is Equivalent to:

11,193,226 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

2,751,183 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

148,602 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Donald Newhouse?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Donald Newhouse's net worth of $14.5B.

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 67.72% compared to 25.94% for the S&P 500 benchmark.

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

Donald Newhouse 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 Donald Newhouse, Media 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey