BillionaireNet
Turner
Ted Turner
Rank #1440
UNITED STATESMedia & EntertainmentCable television

Ted Turner

Net Worth
$2.787B
0% (24h)
Robert Edward "Ted" Turner III is an American entrepreneur, television producer, media proprietor, and philanthropist. Best known for founding CNN, the first 24-hour cable news channel, Turner revolutionized the media landscape. His career includes founding TBS, TNT, and Turner Classic Movies (TCM). Turner's initial wealth source was cable television, and he has since diversified his interests. His achievements also include winning the America's Cup and extensive philanthropic work, notably his $1 billion gift to the United Nations, establishing the United Nations Foundation. As of 2024, his estimated net worth is $2.8 billion.

The Full Dossier

Early Life and Education

Robert Edward Turner III was born on November 19, 1938, in Cincinnati, Ohio. He is the eldest child of Robert Edward Turner II and Florence Rooney. His family moved to Savannah, Georgia when he was nine. Turner attended The McCallie School, a private boys' preparatory school in Chattanooga, Tennessee, and later Brown University. At Brown, he was involved in the debating union and captained the sailing team, although he left before graduating.

Rise to Success

Turner began his career in the advertising business, managing a branch of his father's company. After his father's death, Turner, at 24, took over Turner Advertising Company, transforming it into a global enterprise. His entry into television began in 1970 with the purchase of an Atlanta UHF station, WJRJ (later WPCH). A pivotal moment came with the launch of CNN in 1980, the first 24-hour cable news channel, revolutionizing news consumption.

Key Business Strategies

Turner's success stems from his visionary leadership. He was known for taking calculated risks, such as the launch of CNN. Turner also purchased the Atlanta Braves and the Atlanta Hawks to provide programming for his television station. His entrepreneurial spirit and ability to articulate his vision were central to his achievements. He also expanded his empire to include the Atlanta Braves baseball team, which he turned into a nationally popular franchise.

Philanthropy

Turner is also known for his philanthropic efforts. Notably, he pledged $1 billion to the United Nations, resulting in the establishment of the United Nations Foundation. He created this foundation to broaden support for the UN. He has also been involved in the Turner Foundation, the Nuclear Threat Initiative, the Captain Planet Foundation, and the Turner Endangered Species Fund. His giving has made him one of the most generous philanthropists in the world.

Career Timeline

2018

Diagnosed with Lewy body dementia

Announced his diagnosis.

2008

Published Autobiography "Call Me Ted"

Released his autobiography.

1997

Pledged $1 billion to the UN

Established the United Nations Foundation to support UN causes.

1988

Founded TNT

Launched Turner Network Television

1980

Founded CNN

Launched Cable News Network, the first 24-hour news channel.

1977

Won the America's Cup

Piloted the yacht Courageous to victory.

1976

Founded the Atlanta Braves

Purchased the Atlanta Braves major league baseball team.

1970

Purchased Atlanta UHF station

Entered the television broadcasting business with the acquisition of WJRJ.

1963

Took over Turner Advertising Company

Became President and CEO at age 24 after his father's death, transforming the company.

Philanthropic Impact

International Aid$1B

United Nations Foundation

Created to broaden U.S. support for the United Nations.

Environmental ConservationUndisclosed

Turner Foundation

Supports environmental causes.

Global SecurityUndisclosed

Nuclear Threat Initiative

Dedicated to reducing reliance on and preventing proliferation of nuclear, chemical, and biological weapons.

ConservationUndisclosed

Turner Endangered Species Fund

Works to conserve biodiversity by emphasizing restoration efforts of endangered or imperiled species on the Turner properties.

Wealth Trajectory