Philip Anschutz Biography, Age, Family, Wife, Net Worth, Companies

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Philip Anschutz Biography

Philip Anschutz (Philip Frederick Anschutz) is an American billionaire businessman who owns and controls many firms in his companies, corresponding to power, railroads, actual property, sports activities, newspapers, motion pictures, theaters, arenas, and music. He is a philanthropist whose title seems on medical and academic establishments to which he has donated hundreds of thousands.

He has been described as a Christian conservative. In 1961, he purchased out his father’s oil drilling firm, Circle A Drilling, and earned massive returns in Wyoming. He invested in shares, actual property and railroads. He expanded his investments to sports activities and leisure firms, co-founding Major League Soccer in addition to a number of groups, together with the Los Angeles Galaxy, Chicago Fire, Houston Dynamo, San Jose Earthquakes, and the New York/New Jersey MetroStars.

He owns stakes within the Los Angeles Lakers, Los Angeles Kings, and venues together with the Staples Center, The O2, London, and the Dignity Health Sports Park. Through his possession of Walden Media, he has invested in movies corresponding to The Chronicles of Narnia, Ray, and Joshua. Through AEG Live, he owns the Coachella Valley Music and Arts Festival. In April 2019, Forbes ranked him the thirty eighth richest individual within the U.S., with an estimated internet value of $11.1 billion.

Philip Anschutz Education

Philip Anschutz graduated from Wichita High School East in 1957, and in 1961 graduated with a bachelor’s diploma in enterprise from the University of Kansas, the place he was a member of the Sigma Chi Fraternity.

Philip Anschutz Age

Philip Anschutz was born on December 28, 1939, in Russell, Kansas, United States. He is 79 years previous as of 2018.

Philip Anschutz Family

Philip Anschutz was born in Russell, Kansas, United States to Fred Anschutz and Marian Pfister Anschutz. He has an older sister referred to as Sue Anschutz-Rogers who turned a Colorado rancher and philanthropist. His father was an oil tycoon and land investor who invested in ranches in Colorado, Utah, and Wyoming and finally went into the oil-drilling enterprise.

His grandfather, Carl Anschutz, was an ethnic German who emigrated from Russia and began the Farmers State Bank in Russell. Anschutz grew up in Russell, Wichita, and Hays, Kansas, the place he lived close to Bob Dole. In later years, Anschutz contributed to Dole’s political campaigns.

Philip Anschutz Wife

Philip Anschutz is married to Nancy Anschutz. He has three youngsters Christian Anschutz (son), Elizabeth Anschutz and Sarah Anschutz. He was inducted into the Kansas Business Hall of Fame in 2000 and the U.S. Business Hall of Fame in 2002.

Philip Anschutz Net value

Philip Anschutz earns his earnings from his enterprise investments and from different associated organizations. Most of his earnings is sourced from his oil companies, land possession, rail and petroleum companies, leisure and sports activities. He has an estimated internet value of $ 11.3 Billion USD.

Philip Anschutz Personal life

Philip Anschutz is considerably reclusive, preferring to remain out of the limelight. He has granted solely three formal interviews since 1979, and none in any respect from the Eighties till 2015.

On December 6, 2015, Anschutz broke his media silence when he appeared with a number of of the founders of Major League Soccer to replicate on the league’s twentieth anniversary. Anschutz has run 15 marathons.

Philip Anschutz Land possession

In 1970, Anschutz purchased the 250,000-acre (1,000 km²) Baughman Farms, one of many nation’s largest farming companies, in Liberal, Kansas, for $10 million. The following 12 months, he acquired 9 million acres (36,000 km²) alongside the Utah-Wyoming border. This produced his first fortune within the oil enterprise.

In the early Eighties, the Anschutz Ranch, with its billion-barrel (160,000,000 m³) oil pocket, turned the most important oil discipline discovery within the United States since Prudhoe Bay in Alaska in 1968. In 1982 Anschutz offered an curiosity in it to Mobil Oil for $500 million.

For a number of years, Anschutz was Colorado’s sole billionaire. With his acquisition of land in different Western states, he turned one of many 100 largest landholders within the United States.

Anschutz then moved into railroads and telecommunications earlier than venturing into the leisure business. In 1999, Fortune journal in contrast him to the Nineteenth-century tycoon J.P. Morgan, as each males “struck it rich in a fundamentally different way: they operated across an astounding array of industries, mastering and reshaping entire economic landscapes.”

Philip Anschutz Rail and petroleum companies

In 1984, Anschutz entered the railroad enterprise by buying the Rio Grande Railroad’s holding firm, Rio Grande Industries. In 1988, the Rio Grande railroad bought the Southern Pacific Railroad underneath his route. With the merger of the Southern Pacific and Union Pacific Corporation in September 1996, Anschutz turned Vice-Chairman of Union Pacific.

Before the merger, he was a director of Southern Pacific from June 1988 to September 1996 and non-executive chairman of Southern Pacific from 1993 to September 1996. He was additionally a director of Forest Oil Corporation starting in 1995. In November 1993 he turned Director and Chairman of the Board of Qwest, stepping down as a nonexecutive co-chairman in 2002 however remaining on the board.

He has additionally been a director for Pacific Energy Partners and served on the boards of the American Petroleum Institute, in Washington, D.C. and the National Petroleum Council in Washington, D.C. In May 2001, the Bush administration upheld Anschutz’s proper to drill an exploratory oil effectively at Weatherman Draw in south-central Montana the place Native American tribes wished to protect sacred rock drawings.

Environmental teams, preservationists, and ten Native American tribes appealed the choice with out success. In April 2002, the Anschutz Exploration Corporation gave up its plans to drill for oil within the space. They donated its leases for oil and gasoline rights to the National Trust for Historic Preservation, which has pledged to let the leases expire, and the Bureau of Land Management stated it had no plans to allow additional leases there and would think about formal withdrawal of the 4,268-acre (17 km²) web site from mineral leasing in its 2004 administration plan.

In recognition of its preservation efforts, The National Trust for Historic Preservation introduced its President’s Award to the Anschutz Exploration Corporation. In May 2003, New York Attorney General Eliot Spitzer reached a settlement with Anschutz after submitting a civil grievance accusing Anschutz of accepting IPO shares from Salomon Smith Barney in alternate for Qwest’s funding banking enterprise.

Anschutz denied any wrongdoing however volunteered to donate a complete of $4.4 million to settle the case so long as he chosen the recipient organizations prematurely. Anschutz paid $100,000 to every of 32 New York nonprofit philanthropic teams, in addition to $200,000 to every of six legislation faculties. In return, Spitzer dropped his civil swimsuit.  The fee was roughly equal to his revenue from the apply of IPO “spinning”; thus, he truly suffered no penalty.

Spitzer’s swimsuit was panned in a Wall Street Journal editorial headlined “The Anschutz Ransom”. The U.S. Securities and Exchange Commission and the U.S. Department of Justice extensively investigated Qwest officers and decided there was no justification for taking motion in opposition to any board member. The Denver Post summarized the implications for Anschutz:

“Not only is Qwest founder and board member Philip Anschutz not a defendant in the long-awaited civil case against the regime of former Qwest chief executive Joe Nacchio, but he doesn’t even merit a mention in the 50-page complaint.” In February 2006, the Denver Rocky Mountain News reported that Anschutz wouldn’t run for reelection to the boards of Qwest and Union Pacific and would resign from the board of Regal Entertainment Group in order to deal with his different investments.

On June 24, 2008, it was introduced that Anschutz would purchase Xanterra Parks and Resorts, which had bought the Grand Canyon Railway in 2007. In 2011, it was introduced that Anschutz had bought the Oklahoma Publishing Company, and as a part of their belongings The Broadmoor and the Manitou and Pike’s Peak Railway in Colorado Springs. Effective August 1, 2010, Xanterra Parks and Resorts bought and assumed administration of Kingsmill Resort. Xanterra bought the resort from Busch Properties, Inc. (BPI).

Philip Anschutz Entertainment Anschutz Entertainment Group

The Anschutz Entertainment Group (AEG) is a sporting and music leisure presenter and a subsidiary of The Anschutz Corporation. It is the proprietor of leisure venues and underneath AEG Live the world’s second largest presenter of stay music and leisure occasions after Live Nation. Through AEG Live, it owns the Coachella Valley Music and Arts Festival.

On September 18, 2012, Anschutz introduced he was placing AEG up on the market, however he determined to not settle for any of the bids, and on March 14, 2013, took AEG off the market.

Philip Anschutz Soccer

Anschutz is one among solely 4 recipients of the National Soccer Hall of Fame’s Medal of Honor for his contributions to rising the game of soccer within the United States. In 2006 SportsBusiness Journal ranked Anschutz essentially the most influential individual in soccer within the U.S.

Anschutz was one of many founders of Major League Soccer in addition to a number of groups, together with the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, D.C. United, and the New York/New Jersey MetroStars.

He owns a stake within the Dignity Health Sports Park, the stadium for the MLS staff LA Galaxy and former MLS staff Chivas USA. For a while, whereas MLS was struggling, Anschutz owned six MLS franchises and skilled vital monetary losses. For this motive, Anschutz has been known as the person who saved MLS. MLS Commissioner Don Garber acknowledged in 2006 that “without Phil Anschutz, there’s no MLS today.”

Anschutz was instrumental in a number of MLS initiatives which have grown the league’s revenues and earnings. For instance, he pushed for the constructing of soccer-specific stadiums, permitting MLS groups to extend income and higher management prices.

He additionally advocated for MLS’s creation of Soccer United Marketing, the league’s gross sales and advertising and marketing arm. He has since offered his stake within the Chicago, Denver, Houston, New York, San Jose, and D.C. MLS groups and now owns solely the Galaxy.

Philip Anschutz Other sports activities

SportsBusiness Journal named Anschutz the fifth most influential individual in sports activities enterprise in 2012 in its annual survey of the “50 Most Influential People in Sports Business.”

He owns stakes within the Los Angeles Lakers and Los Angeles Kings and in venues together with the Staples Center and O2 Arena. AEG is the world’s largest proprietor of sports activities groups, sports activities occasions, and sports activities venues.

Philip Anschutz Philanthropy

One of the world’s richest folks, Anschutz has been an lively philanthropist. He was listed as #113 on the Forbes listing of billionaires in January 2015, with a internet value of $10.3 billion. He heads the Anschutz Foundation.

Anschutz and his spouse have contributed over $100 million to the brand new medical, dental, nursing, and pharmacy campus of the University of Colorado School of Medicine in Aurora, Colorado, now named the Anschutz Medical Campus of their honor.

The land got here from the lately closed Fitzsimons Army Medical Center, however hundreds of thousands had been wanted for the development of recent medical laboratory buildings and a brand new University Hospital on the land.

They have additionally donated to the University of Kansas, their alma mater. There is an Anschutz Library and an Anschutz Sports Pavilion. In recognition of their philanthropic efforts, the Anschutzes had been named the winners of the 2009 William E. Simon Prize for Philanthropic Leadership.

Philip Anschutz Other enterprise ventures

Anschutz has had a number of different enterprise ventures, together with Forest Oil, Pacific Energy Group, Union Pacific Railroad (he’s the corporate’s largest shareholder, with a 6% stake), and the Regal Entertainment Group, the most important movie show chain on the earth, with roughly 7,000 screens. Anschutz owns greater than half of the corporate, and a number of newspapers and media teams.

Anschutz has invested in, for instance, the Clarity Media Group, a Denver-based publishing group that features newspapers corresponding to The Oklahoman, the most important newspaper in Oklahoma; The San Francisco Examiner (bought in 2004, offered in November 2011); The Washington Examiner, a right-wing weekly tabloid that was consolidated from group of D.C.-area suburban dailies;

The Baltimore Examiner, which launched in April 2006 and was shut down in early 2009; the now-closed Examiner.com, a hyper-local internet portal the place contributors wrote on native matters from information to blog-like tales; the conservative Weekly Standard (bought in 2009); and The Gazette, Colorado’s second-largest newspaper, with a each day circulation of 74,172 (bought on November 30, 2012) (Anschutz has trademarked the title “Examiner” in additional than 60 cities.)

On December 14, 2018, Anschultz executed the closure of The Weekly Standard and fired all its workers. Editor in Chief Stephen Hayes had initially been cleared to discover a purchaser however after a enterprise capital agency agreed to dealer any future deal, Anschutz withdrew permission and determined to successfully kill the corporate with a purpose to harvest its subscribers.

Anschutz invested in each the Oil & Gas Asset Clearinghouse, an public sale firm designed for the oil & gasoline enterprise, and NRC Broadcasting, which owns a string of radio stations in Colorado. The Anschutz Investment Company additionally bought LightEdge Solutions in February 2008.

LightEdge is a business-to-business hosted providers supplier centered on Wide-Area-Networking, Voice-over-IP, Hosted Microsoft functions (Exchange, OCS, SharePoint), hosted servers/storage collocation cage and rack house and Business Continuity Services.[40]

It was introduced on September 15, 2011, that Anschutz would purchase all belongings of the Oklahoma Publishing Company (OPUBCO) from the Gaylord and Dickinson households. Upon closing, Anschutz would function OPUBCO individually from his different publishing and media belongings as an unbiased firm.

Closing was anticipated in October 2011. In March 2012, it was reported that Anschutz was serious about shopping for the Rangers. He additionally invested within the Power Company of Wyoming LLC, shaped in 2007 (re-incorporated in 2010) for the aim of constructing the Chokecherry and Sierra Madre wind energy complicated in Carbon County, Wyoming, comprising as much as 1,000 wind generators with as much as 3,000 megawatts of capability.

It will probably be sited on 229,077 acres, about half federal, about half privately owned by an affiliate, and a smattering of state lands. According to the Bureau of Land Management, which on July 2, 2012, introduced the completion of the undertaking’s remaining Environmental Impact Statement, “Chokecherry and Sierra Madre are two distinct websites roughly 5 miles aside that are each being analyzed collectively.

When mixed, they comprise the most important industrial wind era facility proposed within the U.S. and one of many largest on the earth.” Construction is predicted to begin in 2013, and price an estimated $4 billion-$6 billion.”

Philip Anschutz Political and non secular activism

Anschutz supported the Parents Television Council, a gaggle that protests in opposition to alleged tv indecency. He additionally financed and distributed movies with Christian themes for mass audiences (by his two movie manufacturing firms and possession of a lot of the Regal, Edwards and United Artists theater chains) corresponding to Amazing Grace and The Chronicles of Narnia: The Lion, the Witch, and the Wardrobe.

He financed The Foundation for a Better Life. In 2009 Anschutz bought the conservative American opinion journal The Weekly Standard from Rupert Murdoch’s News Corporation. In 2010, he financed the pro-charter college movie Waiting for Superman. In 2012, he financed the pro-parent set off movie Won’t Back Down.

Anschutz donated to conservative causes and teams which might be brazenly anti-gay, anti-transgender, and pro-life. He responded to the experiences by saying, “Neither I nor the Foundation fund any group with the aim or expectation that it will finance anti-LGBTQ initiatives,

and when it has come to my consideration or the eye of the Anschutz Foundation that sure organizations both the Foundation or I’ve funded have been supporting such causes, we have now instantly ceased all contributions to such teams.”

Anschutz contributed $1 million to conservatives throughout the 2016 U.S. elections, together with pro-life and pro-gun candidates, and $200,000 to Republican politicians and political motion committees throughout the 2017 elections. In 2018 he donated $1 million to assist the Elton John AIDS Foundation LGBT Fund.

Philip Anschutz Donations

Philip Anschutz personally donated $134,400 to Republican candidates, social gathering teams, and political motion committees in 2018, in keeping with Federal Election Commission data tracked on Open Secrets. He didn’t donate to any Democratic candidates or devices.

Recipients included retired Utah octogenarian Orrin Hatch ($5,400) and former House Speaker Paul Ryan ($2,700), each of whom returned Anschutz’s donations, presumably as a result of they had been made (for some motive) after every introduced they’d not search re-election in final fall’s midterms.

Anschutz additionally donated $33,900 to the National Republican Senatorial Committee, on prime of donations to GOP state social gathering organizations in 13 states. As beforehand reported, Anschutz personally donated $187,300 to Republican candidates and organizations within the off-cycle 2017 calendar 12 months. He has obtained criticism for previous donations by his household’s nonprofit to anti-LGBTQ teams. In 2017, Anschutz known as experiences that he opposes LGBTQ rights “fake news.”

Philip Anschutz Companies

The Anschutz Corporation.Regal Entertainment Group.Union Pacific Corporation.Qwest Communications International Inc.Forest Oil Corporation.Qwest Communications International Inc.Union Pacific Railroad Company Inc.Pacific Energy Partners LP.

Philip Anschutz and Coachella

AEG chairman Philip Anschutz, who oversees Goldenvoice, the group that produces Coachella, Panorama, FYF, and plenty of different distinguished festivals, has drawn fireplace over the past a number of years when it was revealed his non-public household basis was pumping tons of of 1000’s of {dollars} into teams that promoted LGBTQ discrimination, local weather denial, and different right-wing causes that conflict with the liberal beliefs of lots of Goldenvoice’s taking part artists.

Though his attorneys stated he stopped contributing to such organizations in 2015, subsequent donations proved that wasn’t truly the case. Anschutz appeared to partake in a bit of harm management final 12 months by donating $1 million to the Elton John AIDS Foundation LGBT fund.

“My gift to the Elton John Foundation is intended to emphasize that we support freedom of all people to live their lives peacefully, without interference from others,” Anschutz stated on the time.

“Sexuality is among the most personal of issues, and it has never been my intent to weigh in on people’s private lives. I support the rights of all people and oppose discrimination and intolerance against the LGBTQ community.”

On the heels of Coachella’s 2019 lineup announcement, Spin took a peek at Anschutz’s 2018 listing of donations through Open Secrets and located that he’s nonetheless doing his finest to financially enhance Republican organizations.

What’s completely different, nevertheless, is that, except for Orrin Hatch and Paul Ryan (each of whom returned his donations when it was revealed they’d not search re-election in final fall’s midterms), Anschutz is now not donating to particular person politicians or organizations that put on their bigotry on their sleeve.

Instead, his donations have gone to particular person GOP state social gathering organizations and the National Republican Senatorial Committee, to whom he funneled $134,400. So, whereas he’s nonetheless donating to folks within the enterprise of disenfranchising minorities, he’s not boosting organizations that brazenly describe homosexuality as a “Satanic perversion,” like he used to.

Philip Anschutz Contacts

The Anschutz Foundation 303-308-8220

555 seventeenth Street, Ste. 2400 Denver, CO 80202

Phone: 303-293-2338 Fax: 303-299-1235Email: [email protected]

Submit the net letter of inquiry (LOI) kind to inquire concerning the risk for grant funding.

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