John Malone’s profile picture

John Malone

John Malone’s profile picture
Net worth 2018: $8.11 Billion
Industry: Media
Residence: Elizabeth, Colorado
Country: United States
BirthDay: 7 March 1941
Sigh: Aries
Children: 2
Education: Bachelor of Arts / Science, Yale University; Doctorate, Johns Hopkins University; Master of Science, Johns Hopkins University

John Malone was bornon 7 March 1941 in Elizabeth, Colorado, United States. John Malone is #196 in List Billionaires People In The World. Nicknamed the Cable Cowboy, John Malone is known for his penchant for media deals and complicated corporate structures. From the 1970s to the 1990s, Malone built up cable TV firm TCI as right hand man to founder Bob Magness (d. 1996). Malone's first major deal was at TCI, where he became the CEO in 1973 at 29 years old, then sold the firm to AT&T for more than $50 billion in 1999. His Liberty Media, which owns the Atlanta Braves baseball team, closed a $4.4 billion acquisition of auto-racing league Formula 1 in January 2017. In July 2017, Malone's Discovery Communications announced an $11.9 billion bid for cable TV Scripps.


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He donated US$ 250,000 to Donald Trump's inauguration in 2017, with colleague Greg Maffei, Liberty Media, and Liberty Interactive each donating a further US$ 250,000


In 2011, Malone gave the Johns Hopkins Whiting School of Engineering's largest gift ever of $30 million for a new building on Homewood Campus


In 2005, Malone held 32 percent of the shares in the media company News Corporation, and although only about half were voting shares, Rupert Murdoch reportedly had concerns that he might lose control of his company to Malone, and tried to oust him from the firm with a "poison pill" strategy


In 2000, Malone gave $24 million for the construction of Yale's Daniel L


However, in business dealings he has been dubbed "Darth Vader", a nickname allegedly given to him by Al Gore when Malone was the head of TCI, where he demanded equity positions in cable programming services in return for carriage, and attempted to defeat the must-carry rules which protected broadcasters, a battle which the cable industry eventually lost in 1997 in the U


In 1994, Wired portrayed Malone on their cover as "Mad Max" from The Road Warrior (also known as Mad Max 2), with an interview describing his battles with the FCC


During the 1977–1978 term, Malone was the NCTA's treasurer


He was director of the National Cable & Telecommunications Association (NCTA) from 1974 to 1977, and again from 1980 to 1993


For twenty-four years, from 1973 to 1996, Malone served as president and CEO of Tele-Communications Inc


In 1968, he joined McKinsey & Company, and in 1970, became group vice president at General Instrument Corporation (GI)


He received a master's in electrical engineering at an NYU program at Bell Labs in 1965 before receiving his PhD in operations research at Johns Hopkins in 1967


In 1964, Malone graduated from Johns Hopkins University with a master's degree in industrial management


In 1963, Malone began his business career at Bell Telephone Laboratories of AT&T, working in economic planning and research and development


In 1959, Malone graduated from Hopkins School in New Haven, Connecticut


Malone was born on March 7, 1941 in Milford, Connecticut

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