Bloomberg Billionaires Index

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# 137 Philip Anschutz $13.3B

Random fact: Major League Soccer's championship trophy is named after him.


Anschutz owns Anschutz Corp, a conglomerate that controls the world's largest group of sporting teams and events. Its Anschutz Entertainment Group division has stakes in the National Hockey League's LA Kings and soccer's LA Galaxy. Other investments include oil and gas assets, luxury hotels and venue manager ASM Global.

As of :
Last change +$435k ( 0%)
YTD change +$53.2M ( +0.4%)
Biggest asset Cash
Country / Region United States
Age 83
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Philip Anschutz's net worth of $13.3B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Anschutz's fortune is controlled through closely held Anschutz Corp. The Denver-based conglomerate owns a collection of businesses, the most valuable of which is Anschutz Entertainment Group. AEG and its affiliate ASM Global host more professional sports franchises at venues they control than any other company in the world, according to its website.

His luxury cruise company Windstar Cruises is valued using cruise industry room occupancy and passenger yield data, according to data compiled by Bloomberg. It's compared to the enterprise value-to-sales of four publicly traded peers and adjusted to reflect the decrease in the peers' valuations since the beginning of the Covid-19 pandemic.

Anschutz's portfolio of cash and closely held assets is derived from years of asset sales. Since 1995, these sales include a controlling stake in Regal Entertainment Group, more than $4 billion of Qwest Communications stock, about $3 billion in energy assets, and hundreds of millions of dollars in real estate and sports teams. Over that same period, he made at least $4 billion in asset purchases and investments including the Los Angeles Kings, real estate and media company Opubco, and movie theater properties.

Media representatives for Anschutz Entertainment Group didn't respond to requests for comment on Bloomberg's net worth calculation.


Family: Married, 3 children

Born in rural Kansas in 1939, Anschutz entered the family business of oil wildcatting in the early 1970s. In 1979, he found what is now known as the Anschutz Ranch East oilfield outside Evanston, Wyoming. At the time, it was the largest US discovery since Alaska's Prudhoe Bay. He sold half of the field to Mobil for $500 million in 1982.

That transaction began a long pattern of taking profits and reinvesting them into other industries. In 1984, he purchased the Rio Grande Railroad for $90 million. Four years later, he won the Southern Pacific Railroad with a $1.8 billion bid. In 1995, he sold the railroads to Union Pacific, netting $1.4 billion while retaining the right-of-way for laying fiber optic cable.

By the end of the 1990s, the fiber network was the core asset of Qwest Communications, a telecommunications company that had a peak market capitalization of $43 billion in 1999. The company was purchased by CenturyLink in 2010 for $23 billion, including the assumption of more than $11 billion in debt.

Anschutz used a portion of his almost $4 billion in Qwest share sales to invest in the entertainment business. He bought the debt of several movie theater chains to form Regal Entertainment, which he sold in a public offering in 2002. He remains its majority shareholder. He also formed movie production companies that bought the rights to C.S. Lewis' Narnia series and produced "Ray," an Oscar-winning biography of singer Ray Charles.

His most valuable asset is Anschutz Entertainment Group, a company that developed L.A. LIVE, a 27-acre entertainment complex in Los Angeles, and owns portions of four US sports teams and 12 arenas. It also operates the second-largest concert promotion business in the world. In September 2012, Anschutz put AEG up for sale with an initial asking price of $10 billion. He pulled the company off the market in March 2013.

Anschutz is believed to have given only two press conferences -- on his purchase of Southern Pacific and on his decision not to sell AEG. The Denver, Colorado-based executive is a supporter of conservative causes and holds what is considered to be one of the most valuable private collections of American Western art.

  • 1939 Philip Anschutz is born in Russell, Kansas. He is raised in Wichita.
  • 1961 Graduates from the University of Kansas with a degree in business.
  • 1965 Starts Anschutz Co. and begins an oil drilling operation.
  • 1982 Mobil buys stake in Anschutz.
  • 2000 Shares of Qwest Communications fall amid technology stock crash.
  • 2002 Regal Entertainment sells shares in an initial public offering.
  • 2010 Qwest Communications is acquired by Century Link.
  • 2013 Pulls AEG off market after failing to get $10 billion asking price.