Malone is the chairman of Liberty Global, a video, broadband and communications company with $10.3 billion of annualized revenue in 2021. He owns stakes in Warner Bros. Discovery, Formula One and numerous tracking stocks, and is the second-largest private landowner in the US with more than 2 million acres.
John Malone's net worth of $8.22B can buy ...
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The majority of Malone's fortune is held in real estate and cash that was accumulated using proceeds from stakes in publicly traded U.S. media and telecommunications companies. He controls Liberty Global, an international TV and broadband company, that reported $10.3 billion of annualized revenue in 2021, according to a 10-K filing.
He owns about 2.2 million acres of ranch and timber land in nine U.S. states valued at prices ranging from $400 to $1,900 per acre, with remote ranch land in the west fetching the lower end of the spectrum and timberland accounting for the upper end. In a Sept. 11, 2015 telephone interview, Malone confirmed his real estate investments, which include hotels and multifamily housing in the U.S. and personal property in Ireland. He's the second-largest U.S. private landowner, according to The Land Report 100 website.
His public holdings include stakes in Liberty Interactive, Liberty Global, Liberty Media and related spinoffs and tracking stocks. He also owns stakes in Warner Bros. Discovery and Formula One. He controls these shares directly and through trusts. Shares owned by his wife are attributed to him; those held by his adult children aren't.
Malone had a stake in satellite provider DirecTV that was last reported in 2010, when he resigned from its board of directors. The shares were converted to AT&T shares when the two companies merged in 2015 and he confirmed in the Sept. 11 interview that he continued to hold the stake in a blind trust. He said at the time that it and other undisclosed equity interests totaled about $2 billion. Those investments have been adjusted to reflect general market returns since the interview.
Molly Bruce, a spokesperson for Malone at Liberty Global, didn't respond to requests for comment on the net worth calculation.
Born in 1941, in Milford, Connecticut, John Malone attended Yale University, where he earned a degree in electrical engineering and economics. After graduation, he began his career at Bell Labs, working in research and development and the finance department. He later continued his education, earning masters degrees from New York University and Johns Hopkins University, where he also received a doctorate in operations research.
Malone became president and chief executive officer of Tele-Communications Inc. in 1973, a Denver-based cable operation founded by cable billionaire Bob Magness. After Magness's death in 1996, Malone sold TCI to AT&T for $48 billion in what was then one of the largest mergers in U.S. corporate history. Since then, Malone has continued his dealmaking, mostly through Liberty Media and other Liberty-related companies. Along the way, he established a reputation for being a tough negotiator with a specialty for engineering complex financial arrangements that few could understand.
Malone became the largest private landowner in the U.S. in 2011, having purchased more than 2 million acres of ranch and timberland in nine states.