BillionaireNet
Newhouse
Donald Newhouse
Rank #147
UNITED STATESMedia & EntertainmentMedia

Donald Newhouse

Net Worth
$16.762B
-0.03% (24h)
Donald Newhouse is a prominent figure in the media industry, currently ranked among the wealthiest individuals globally. His source of wealth stems from Advance Publications, a media conglomerate founded by his father, Samuel Irving Newhouse Sr. After his father's death, Donald and his brother, Samuel 'Si' Newhouse Jr., took control of the media empire. His career has been marked by his stewardship of Advance Publications' vast portfolio, including Condé Nast, numerous newspapers, and significant investments in cable and digital media. With a net worth of $16.0 billion, Newhouse's influence extends beyond his financial success; his leadership has shaped the media landscape. He is known for his low-key profile, preferring to focus on the company's long-term strategy and the family's legacy. He has made significant contributions to philanthropy, particularly in education and health.

The Full Dossier

Early Life

Donald Edward Newhouse was born in 1929 in New York City. He is the son of Samuel Irving Newhouse Sr., who founded Advance Publications in 1922. His mother, Mitzi Epstein, was an arts patron and philanthropist. Newhouse attended Syracuse University but did not graduate.

Rise to Success

Donald Newhouse joined the family business and, along with his brother, Si, took control of Advance Publications after their father's death in 1979. Donald focused on the newspaper division, overseeing operations of various newspapers across the United States. Under his leadership, Advance Publications expanded its portfolio to include Condé Nast, cable television, and digital media ventures.

Key Business Strategies

Key strategies include adapting to the changing media landscape through strategic digital investments, such as acquiring stakes in Discovery Communications and Reddit. He has overseen the management of the newspaper division while expanding and diversifying Advance Publications' assets. He also played a key role in adapting the company to the changing media landscape.

Philanthropy

Newhouse has been a significant philanthropist, donating $75 million to Syracuse University's S. I. Newhouse School of Public Communications in 2020. He also launched a fund at the Association for Frontotemporal Degeneration (AFTD) with a $20 million donation in 2021.

Career Timeline

2020

Philanthropic Donation

Donated $75 million to Syracuse University's S. I. Newhouse School of Public Communications.

1979

Inherited Advance Publications

Took control of Advance Publications after his father's death, along with his brother Samuel 'Si' Newhouse Jr.

1966

President

Became President of Advance Publications.

1960

General Manager

Became General Manager of The Jersey Journal.

Philanthropic Impact

Education$75M

Syracuse University

Donation to the S. I. Newhouse School of Public Communications in 2020.

Health$20M

Association for Frontotemporal Degeneration (AFTD)

Launched a fund with a donation in 2021.

Wealth Trajectory