The American tycoon was a majority shareholder in the country’s largest companies and continues to invest.
John C. Malone He is one of the richest businessmen and investors in the United States and has a very notable investment history. Over the years, he was always a shareholder in the most important companies of the moment. At present it is president of Liberty Media, Liberty Global and Qurate Retail Groupof which it is the majority owner. But it also owns 49% of Starz and 29% of Discovery Communications.
On the other hand, he is the owner of the Silver Spur Ranches livestock firm and in January 2011 he owned 8,500 km² of agricultural fields in the United States. He previously owned the satellite television company DirecTV and the multimedia News Corporation.
Who is John Malone
John C. Malone was born on March 7, 1941 in Milford, Connecticut, United States. In 1967 he graduated in electrical engineering and economics, with a master’s degree in industrial management from Johns Jopkins University. In addition, he earned a master’s degree in electrical engineering from Bell Labs in 1965 and a doctorate in operations research from Johns Hopkins University in 1967.
In 1963 he joined AT&T Bell Laboratories, where he worked in planning and research. In 1968 he joined McKinsey & Company. Just 2 years later he became vice president of the General Instrument Corporation, and later was president of Jerrold Electronics within that group.
From 1973 to 1996 he was chief executive at Tele-Communication Inc., a cable television company acquired by AT&T in 1999 for $32 billion. After the sale, he continued working at Liberty Media. In 2005, Liberty Media’s international division merged with UnitedGlobalCom to form Liberty Global. This group is the owner of the telecommunications companies Virgin Media (United Kingdom), Telenet (Belgium), Ziggo (Netherlands), UPC (Central Europe) and VTR (Chile).
John Malone and Formula 1
This company sold its shares in the multimedia News Corporation in 2007 in exchange for all of DirecTV and the Altanta Braves of Baseball. 2 years later he bought 40% of Sirius XM Radio. In 2013, Liberty Media bought 27% of the telecommunications company Charter Communications And in 2016, (it ended operations in 2017) it bought Formula 1 for US$ 4.4 billion.
Formula one group is a group of companies responsible for the promotion of the Formula 1 World Championship and the execution of commercial rights. It previously belonged to Delta Topco, but was purchased by Liberty Media (a company owned by Malone) in 2017.
How much is John Malone’s net worth today?
According to Forbes Magazine, John C. Malone’s fortune is currently 10.8 Billion dollarsplacing him 89th among top millionaires worldwide. He is considered number 16 in terms of owners of sports teams.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
