John Kluge’s profile picture

John Kluge

John Kluge’s profile picture
Net worth 2018: $6.5 Billion
Industry: Media
Country: United States
BirthDay: 21 September 1914
Sigh: Libra
Died On: 07/09/2010
Children: 3
Education: Bachelor of Arts / Science, Columbia U
BIOGRAPHY

John Kluge was bornon 21 September 1914 in United States. German immigrant studied at Columbia U.; started with television stations. Amassed fortune buying and selling broadcast, cellular properties. Sold out to WorldCom for $1.3 billion. Became richest man in America 1989, lost title to Bill Gates 3 years later. Investments derailed in 2008: private equity firm Atalaya Capital Management bought his Steak & Ale and Bennigan's brands for a mere $13 million in cash and assumed debt after chains filed for bankruptcy. His Ponderosa and Bonanza steak house chains also filed for Chapter 11. Pledged $400 million to alma mater Columbia University in 2007.

NET WORTH STATISTIC
2010

$6.5 Billion

2018

$6.5 Billion

TIMELINE
2010

He had homes in New Rochelle, New York, Virginia and Palm Beach, Florida with his fourth wife, Maria Tussi Kluge, at the time of his death in 2010

2008

In July 2008, the Metromedia Restaurant Group, part of the Metromedia Company, closed over 300 company-owned Bennigan's and Steak and Ale restaurants

2007

On April 11, 2007, Columbia University's President Lee C

1997

In December 1997, John Kluge gifted the bulk his world-class collection of Aboriginal Australian art to the University of Virginia

1987

Acknowledging the scholarship funds that enabled him to attend, Kluge gave more than $110 million to Columbia University between 1987 and 1993, primarily to endow financial aid for undergraduates from underprivileged backgrounds

1986

In 1986, Kluge sold the Metromedia television stations to the 20th Century Fox film studio, which is now controlled by 21st Century Fox, for a reported USD $4 billion

1960

In the early 1960s, Kluge bought an outdoor advertising firm, and in 1961 the company's name was changed to Metromedia to reflect the diversity of its interests

1959

After gaining control in 1959, Kluge began the company's expansion further into broadcasting, with holdings in television and radio

1958

Kluge joined the company as its board chairman and largest stockholder in 1958, acquiring the bulk of his shares from founder Allen B

1956

The Metropolitan Broadcasting Corporation was the successor of the DuMont Television Network, which was spun off from DuMont Laboratories after the television network ceased operations in 1956

1950

Kluge's major move into media was by purchasing stock in the Metropolitan Broadcasting Corporation in the mid-1950s

1937

degree in economics from Columbia University in 1937

1922

Kluge was born to a Presbyterian family in Chemnitz, Germany, and emigrated to the United States in 1922

1914

John Werner Kluge (/ˈkluːɡi/; September 21, 1914 – September 8, 2010) was a German-American entrepreneur who was at one time the richest person in the United States

1142

Box 1142 interrogation facility outside of Washington, D

20

In celebration of the 200th Anniversary of the Library of Congress, Kluge donated an unprecedented $60 million to create the John W

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