Samuel Newhouse Net Worth
Samuel Newhouse net worth: Samuel Newhouse is an American businessman who has a net worth of $13 billion. Si Newhouse is the current chairman and CEO of Advance Publications. He inherited the business from his father. Advance Publications is the umbrella corporation for Conde Nast Publications, which publishes such magazines and periodicals as Vogue and The New Yorker. Samuel Irving "SI" Newhouse, Jr. was born in New York City, NY in November 1927. SI Newhouse is the son of Samuel Irving Newhouse, Sr., who founded Advance Publications in 1909. SI attended the Horace Mann School in New York City. SI and his brother Donald own Advance Publications. Advance Publications publishes Vanity Fair, Vogue, and The New Yorker among others. They also publish newspapers such as The Plain Dealer, The Star-Ledger, and The Oregonian. The company also includes Bright House Networks and has a controlling stake in Discovery Communications. He has been ranked by Forbes as one of the 50th wealthiest Americans. SI's grandson S.I. Newhouse IV was featured in the documentary Born Rich. He is known for his philanthropy, donating $15 million to Syracuse University. At one time he owned a Jackson Pollock piece that was one of the most valuable paintings in the world. He married Jane Victoria Newhouse in 1973 and was previously married to Jane Franke. Newhouse has three children.
Net Worth details: Si Newhouse made part of his fortune when Bright House Networks was acquired by Charter Communications in May 2016. Si and his brother Donald received 31 million Class B common units of Charter, $2 billion in cash, and another $2 billion in convertible preferred shares. The brothers also hold 71 million Class A common stocks and 141 Class C common stocks of Discovery Communication. The Newhouses co-own Advance Publications which includes $1.5 billion revenue magazine Conde Nast.