⬅ # 233 James Goodnight|# 235 Zheng Shuliang ➡

# 234 John Malone 

$9.69B

Real Time Net Worth
as of 7/25/2024
$69.7M (0.72%)

# 234 John Malone 

$9.69B

Real Time Net Worth
as of 7/25/2024
$69.7M (0.72%)
OccupationChair, Liberty Media
Source of WealthCable Television
Age83
ResidenceElizabeth, Colorado
Marital StatusMarried
Children2
EducationDoctorate, Johns Hopkins University; MS, Johns Hopkins University; BS, Yale University
Age-Adjusted Net Worth$2.04B
John Malone
John Malone
United States
Net worth: $9.69B

Self-Made Score 

Wealth History

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Biography

Overview

John Carl Malone, born on March 7, 1941, in Milford, Connecticut, is an American billionaire businessman, landowner, and philanthropist.
He served as the CEO of Tele-Communications Inc. (TCI) for 24 years, from 1973 to 1996, building it up under founder Bob Magness.
Malone, nicknamed the 'Cable Cowboy,' orchestrated the sale of TCI to AT&T for over $50 billion in 1999.
Currently, he is the chairman and largest voting shareholder of Liberty Media, Liberty Global, and Qurate Retail Group.
Beyond business, Malone owns 2.2 million acres of land, making him the second-largest private landowner in the United States.

Education

Hopkins School, New Haven, Connecticut - Graduated in 1959
Yale University - Bachelor's degree in electrical engineering and economics (Phi Beta Kappa and National Merit scholar) in 1963
Johns Hopkins University - Master's degree in industrial management in 1964
NYU (Bell Labs program) - Master's in electrical engineering in 1965
Johns Hopkins University - PhD in operations research in 1967

Business Career

Bell Telephone Laboratories of AT&T - Economic planning and research and development (1963)
McKinsey & Company - Joined in 1968
General Instrument Corporation (GI) - Group Vice President in 1970, later President of Jerrold Electronics, a GI subsidiary
President and CEO of Tele-Communications Inc. (TCI) for twenty-four years (1973-1996)
Coined the term '500-channel universe' in 1992
Nicknamed 'Cable Cowboy' and 'Darth Vader' in business circles
Media company News Corporation - Held 32 percent of shares in 2005

Land Ownership

Owner of Silver Spur Ranches, including properties in Wyoming, New Mexico, Florida, Colorado, and Ireland
Largest private landowner in the United States, with 2.2 million acres of land
Top U.S. landowner for 10 years according to The Land Report (2011-2021)

Personal Life

Married to Leslie Malone, residing in Elizabeth, Colorado
Two children; son Evan D. Malone joined the board of Liberty Media in 2008
Wife, Leslie, is active in dressage and horse breeding, founder of Harmony Sporthorses in Kiowa, Colorado
Prefers a low-profile lifestyle, taking family vacations in a recreational vehicle with long-time friend Gary Biskup
Named a 'Citizen of the West' by Colorado in 2016

How long would it take you to become as rich as John Malone?

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 John Malone's net worth of $9.69B.

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

John Malone 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 John Malone, 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