What is Donald Newhouse’s Net Worth?
Introduction
Donald Newhouse is an American billionaire heir, business magnate and billionaire.
Newhouse also owns Advance Publications. This was founded by his late dad in 1922. His properties include Conde Nast publisher of magazines such as Vogue and Vanity Fair as well as The New Yorker.
It also contains dozens of newspapers from the US such as The Star-Ledger, The Plain Dealer and The Oregonian. There is also a cable company Bright House Networks and a controlling stake at Discovery Communications.
Early Life
Donald Edward Newhouse was a New Jersey native who was born on the 29th of November 1929.
Samuel Irving Newhouse Sr., his father, was born in Manhattan’s Lower East Side and started the family media business.
His mother, Mitzi Eppstein, was an art patroness and philanthropist. He was born to a middle-class family on the Upper West Side.
Career
Advance Publications is owned by Newhouse, a billionaire. He is the son of Samuel Irving Newhouse, Sr., founder of Advance Publications.
Although “Advance Publications”, may not be a familiar name, you will be familiar with at most one of the publications and subsidiaries that it controls.
These include many newspapers from all over the United States, magazines like Vogue, The New Yorker and GQ, Florida’s cable and internet company Bright House Networks as well as the highly popular website Reddit.
Newhouse currently ranks as the richest person in America according to Forbes magazine. He holds the 132nd place on that list as of writing this article, thanks to the media empire his father Samuel built back in 1922.
Newhouse donated $75,000,000 to the S.I. for 2020. Newhouse School of Public Communications at Syracuse University is his alma mater. Samuel Irving Newhouse Sr. was the father of the communications school.
His wife Susan and he launched a fund at the Association for Frontotemporal Degeneration. It received a $20 million donation. This was the largest donation ever made to charity history.
How Does Donald Newhouse Spend His Money
Donald Newhouse spent money on charity work and real estate. Newhouse lives in Lambertville, New Jersey.
Newhouse donated $20 Million to Combat Dementia Association and Association for Frontotemporal Degeneration.
Highlights
Here are some highlights from Donald Newhouse’s career.
- Owner of Advance Publications
- Newhouse donated $75 million to the S.I. Newhouse School of Public Communications (2020)
Three Life Lessons From Donald Newhouse
We know all about Donald Newhouse and how he made it so let’s find out some of his lessons.
1. To be successful
Nothing is more important than determination and perseverance to find the knowledge and resources that you need.
2. Live now
We don’t know when we’ll be gone so enjoy the moment.
3. Happiness
Happiness does not depend on external factors. It’s a result of our inner work and gratitude for who and what we are.
Favorite Quotes From Donald Newhouse
There have been many difficult times in my career, but I’ve never experienced them.
Andy Stasiuk was a journalist of the old school of front-page journalism. He was tough, smart, cynical and single-minded. In an era of fierce editorial competition, he covered the news as a cheerful warrior.