What is Donald Newhouse’s Net Worth?
Donald Newhouse, a prominent American businessman and media mogul, has an estimated net worth of $10.8 billion. The primary source of Newhouse’s wealth is his ownership of Advance Publications, a media conglomerate founded by his father, Samuel Irving Newhouse Sr., in 1922. The company’s portfolio includes prestigious publications such as Condé Nast magazines (Vogue, Vanity Fair, The New Yorker), numerous newspapers across the United States, and significant stakes in companies like Warner Bros. Discovery and Reddit.
A notable contributor to Newhouse’s wealth was the $10.4 billion sale of cable operator Bright House Networks to Charter Communications in 2016. This deal resulted in substantial cash and equity for the Newhouse family. In addition, Newhouse’s diversified investments, including real estate holdings, have further bolstered his net worth.
Newhouse has made significant donations to educational institutions and medical research, including a $75 million gift to Syracuse University’s S.I. Newhouse School of Public Communications in 2020 and a $20 million donation to the Association for Frontotemporal Degeneration in 2021.
Here’s the breakdown of Donald Newhouse’s net worth:
Name: | Donald Newhouse |
Net Worth: | $10.8 Billion |
Date of Birth: | August 5, 1929 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Donald Newhouse was born on August 5, 1929, in New York City. He grew up in a family deeply entrenched in the media industry, as his father, Samuel Irving Newhouse Sr., had already begun building the family’s media empire.
Donald attended the prestigious Horace Mann School in the Bronx before enrolling at Syracuse University. However, like his older brother Si, he left college early to join the family business.
Career
Donald Newhouse’s career has been primarily focused on expanding and managing Advance Publications, the media conglomerate founded by his father.
After his father’s death in 1979, Donald and his brother Si took control of the company, with Donald overseeing the newspaper division. Under his leadership, Advance Publications grew to become one of the largest privately held companies in the United States.
The company’s holdings include Condé Nast publications, numerous newspapers, and significant stakes in Discovery Communications and Charter Communications.
A pivotal moment in Donald’s career came in 2016 with the $10.4 billion sale of cable operator Bright House Networks to Charter Communications. This deal significantly boosted the Newhouse family’s wealth, providing them with substantial cash and equity.
Philanthropy
Donald Newhouse has been actively involved in philanthropy, particularly in areas related to education and medical research. In 2020, he donated $75 million to Syracuse University’s S.I. Newhouse School of Public Communications, marking the largest gift in the university’s history. This donation continued his family’s long-standing support for the school, which was named after his father.
In 2021, Newhouse made a landmark $20 million donation to the Association for Frontotemporal Degeneration (AFTD). This gift, the largest in the organization’s history, was motivated by his personal experiences with the disease, which affected both his late wife Susan and his brother Si.
Personal Life
Donald Newhouse married Susan Marley in 1955, and they remained together until her passing in 2015. The couple had three children: Katherine Irene, Michael Andrew, and Steven O. Newhouse.
Susan’s death from primary progressive aphasia, a form of frontotemporal degeneration, deeply affected Donald and inspired his subsequent philanthropic efforts in medical research.
Despite his immense wealth, Newhouse is known for maintaining a relatively low-key lifestyle. He resides in New York City and has been listed as the wealthiest resident of New Jersey.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
