Morgan, as both men "struck it rich in a fundamentally different way: they operated across an astounding array of industries, mastering and reshaping entire economic landscapes." In 1999, Fortune magazine compared him to the 19th-century tycoon J.P. Īnschutz then moved into railroads and telecommunications before venturing into the entertainment industry. With his acquisition of land in other Western states, he became one of the 100 largest landholders in the United States. In 1982 Anschutz sold an interest in it to Mobil Oil for $500 million.įor several years, Anschutz was Colorado's sole billionaire. In the early 1980s, the Anschutz Ranch, with its billion-barrel (160,000,000 m³) oil pocket, became the largest oil field discovery in the United States since Prudhoe Bay in Alaska in 1968. This produced his first fortune in the oil business. The following year, he acquired 9 million acres (36,000 km²) along the Utah-Wyoming border. In 1970, Anschutz bought the 250,000-acre (1,000 km²) Baughman Farms, one of the country's largest farming corporations, in Liberal, Kansas, for $10 million. In later years, Anschutz contributed to Dole's political campaigns.Īnschutz graduated from Wichita High School East in 1957, and in 1961 earned a bachelor's degree in business from the University of Kansas, where he was a member of the Sigma Chi Fraternity. He also lived in Wichita, and Hays, Kansas. Anschutz grew up in Russell, as did Bob Dole. His grandfather, Carl Anschutz, was an ethnic German who emigrated from Russia and started the Farmers State Bank in Russell. His father was an oil tycoon and land investor who invested in ranches in Colorado, Utah and Wyoming, and eventually went into the oil-drilling business. 2.3 Entertainment – Anschutz Entertainment GroupĪnschutz was born in Russell, Kansas, the son of Marian (née Pfister) and Frederick Benjamin Anschutz.In 2021, Forbes ranked him the 66th richest person in the United States, with an estimated net worth of $10.1 billion. He is also the namesake of CU Anschutz, the medical campus of the University of Colorado. Through AEG Live, he owns the Coachella Valley Music and Arts Festival, Sea Island Resorts and The Broadmoor hotel in Colorado. Through his ownership of Walden Media, he has invested in films such as The Chronicles of Narnia, Ray, and Joshua. He also owns stakes in performance venues, including the Staples Center, The O2, London, and the Dignity Health Sports Park. Anschutz is the principal owner of the National Hockey League's Los Angeles Kings and is a minority owner of the National Basketball Association's Los Angeles Lakers. He expanded his investments to sports and entertainment companies, co-founding the American association football/soccer league Major League Soccer as well as multiple soccer teams, including the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, and the New York/New Jersey MetroStars. He invested in stocks, real estate and railroads. In 1961, he bought out his father's oil drilling company, Circle A Drilling, and earned large returns in Wyoming. In 2004, he purchased the parent company of the Journal Newspapers, which under Anschutz's direction became the American conservative editorial newspaper Washington Examiner.Īnschutz is the son of Fred and Marian Pfister Anschutz To reactivate your Office applications, reconnect to the Internet.Philip Frederick Anschutz ( / ˈ æ n ʃ uː t s/ AN-shoots born December 28, 1939) is an American billionaire businessman who owns or controls companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and music. If you don’t connect to the Internet at least every 31 days, your applications will go into reduced functionality mode, which means that you can view or print your documents but cannot edit the documents or create new ones. You should also connect to the Internet regularly to keep your version of Office up to date and benefit from automatic upgrades.
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