Alan Gerry’s profile picture

Alan Gerry

Alan Gerry’s profile picture
Net worth 2018: $1.4 Billion
Industry: Media
Residence: Liberty, New York
Country: United States
BirthDay: 24 December 1929
Sigh: Capricorn
Children: 3
Education: Drop Out, High School
BIOGRAPHY

Alan Gerry was bornon 24 December 1929 in Liberty, New York, United States. Alan Gerry is #1637 in List Billionaires People In The World. Alan Gerry started building an upstate New York cable TV network in 1956 as a way to increase demand for TV sets--he owned a television repair shop. Four decades later, Cablevision Industries had 64 cable systems in 18 states. He sold the firm to Time Warner in 1996 for a reported $2.7 billion, pocketing $900 million. He has used that money to start his venture capital firm, Granite Associates, which invests in emerging technologies. In 1996 he bought the site of the 1969 Woodstock festival, and built Bethel Woods Center for the Arts a decade later. He returned to the cable industry in 2013 after a 17-year absence, joining BCI Broadband's advisory board.

NET WORTH STATISTIC
2009

$1.1 Billion

2010

$1.15 Billion

2011

$1.25 Billion

2012

$1.3 Billion

2013

$1.3 Billion

2014

$1.4 Billion

2015

$1.4 Billion

2016

$1.4 Billion

2017

$1.5 Billion

2018

$1.4 Billion

TIMELINE
2000

In 2000, he was inducted into the Cable Television Hall of Fame

1996

In 1996, he sold Cablevision Industries - then the 8th largest cable company and the largest privately owned cable company in the United States with 64 cable systems covering 1

1995

In 1995, Gerry was awarded the Vanguard Award, cable television's honor for distinguished leadership

1980

In the early 1980s, he installed the East Coast's first high-powered microwave delivery system, creating 100,000 house sub-clusters

1970

In the early 1970s, he bought out his original partners and expanded into Pennsylvania and Massachusetts renaming the company Cablevision Industries

1969

Gerry purchased and resurrected the original 1969 Woodstock Festival site

1956

In 1956, he convinced seven local businessmen to invest in starting a local cable television system utilizing large "community antennas" on mountaintops which gathered the signal and then transferred it via cable to the individual homeowners

1951

In 1951, he started a television sales, installation and repair business in a converted grain elevator in his hometown

1929

Alan Gerry (born December 24, 1929) is an American billionaire and founder of Cablevision Industries

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