Malone is chairman of Liberty Global, a TV and broadband company with 17 million customers and $11.4 billion of annualized revenue in 2019. He owns stakes in Discovery Communications annd Formula One and numerous tracking stocks, and is the largest private U.S. landowner with more than 2 million acres.
John Malone's net worth of $8.14B 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 $11.4 billion of annualized revenue in 2019, according to its website.
He owns about 2.2 million acres of ranch and timber land in nine U.S. states valued at prices ranging from $500 to $7,500 per acre, with remote ranch land in the west fetching the lower end of the spectrum and eastern 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. that he valued at about $500 million, personal property in Ireland valued at about $150 million and "less than $100 million" in liabilities on the properties.
His public holdings include stakes in Liberty Interactive, Liberty Global, Liberty Media and related spinoffs and tracking stocks. He also owns stakes in Discovery Communications 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.
The valuation was updated on Oct. 23, 2019 to reflect an increase in pledged shares and the latest sharecounts, and this led to a fall in the calculation of more than $700 million.
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.