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
BIOGRAPHY

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.

NET WORTH STATISTIC
2009

$2.3 Billion

2010

$3 Billion

2011

$4.5 Billion

2012

$5.6 Billion

2013

$6.7 Billion

2014

$7.7 Billion

2015

$7.2 Billion

2016

$7.2 Billion

2017

$7.7 Billion

2018

$8.11 Billion

TIMELINE
2017

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

2011

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

2005

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

2000

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

1997

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

1994

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

1977

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

1974

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

1973

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

1968

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

1965

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

1964

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

1963

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

1959

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

1941

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

(4.1/136 votes)
Related Person
Craig McCaw’s profile picture
Craig McCaw
Net Worth is $1.75 Billion
Todd Wagner’s profile picture
Todd Wagner
Net Worth is $1.68 Billion
Monika Schoeller’s profile picture
Monika Schoeller
Net Worth is $1.62 Billion
Stefan von Holtzbrinck’s profile picture
Stefan von Holtzbrinck
Net Worth is $1.62 Billion
Billy Joe (Red) McCombs’s profile picture
Billy Joe (Red) McCombs
Net Worth is $1.58 Billion
Emilio Azcarraga Jean’s profile picture
Emilio Azcarraga Jean
Net Worth is $1.56 Billion