John C. Malone: Difference between revisions
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{{Short description|American businessman, landowner and philanthropist}} |
{{Short description|American businessman, landowner, and philanthropist (born 1943)}} |
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{{redirect|John Malone}} |
{{redirect|John Malone}} |
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{{Use mdy dates|date=August 2023}} |
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{{Infobox person |
{{Infobox person |
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|name = John Malone |
|name = John Malone |
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|education = [[Yale University]] ([[Bachelor of Arts|BA]])<br>[[New York University]] ([[Master of Science|MS]])<br>[[Johns Hopkins University]] ([[Master of Science|MS]], [[Doctor of Philosophy|PhD]]) |
|education = [[Yale University]] ([[Bachelor of Arts|BA]])<br>[[New York University]] ([[Master of Science|MS]])<br>[[Johns Hopkins University]] ([[Master of Science|MS]], [[Doctor of Philosophy|PhD]]) |
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|occupation = Businessman |
|occupation = Businessman |
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|title = Chairman of Liberty Media, Liberty Global, and Qurate Retail Group |
|title = Chairman of [[Liberty Media]], [[Liberty Global]], and [[Qurate Retail Group]] |
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|spouse = Leslie Malone |
|spouse = Leslie Malone |
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|children = 2 |
|children = 2 |
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}} |
}} |
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'''John Carl Malone''' (born March 7, 1941) is an American [[billionaire]] businessman, landowner and philanthropist. He was [[chief executive officer]] (CEO) of [[Tele-Communications Inc.]] (TCI), a cable and media giant, for twenty-four years from 1973 to 1996. Malone is now chairman and largest voting shareholder of [[Liberty Media]], [[Liberty Global]], and [[Liberty Interactive|Qurate Retail Group]] (formerly known as Liberty Interactive), and also |
'''John Carl Malone''' (born March 7, 1941) is an American [[billionaire]] businessman, landowner, and philanthropist. He was [[chief executive officer]] (CEO) of [[Tele-Communications Inc.]] (TCI), a cable and media giant, for twenty-four years from 1973 to 1996. Malone is now chairman and largest voting shareholder of [[Liberty Media]], [[Liberty Global]], and [[Liberty Interactive|Qurate Retail Group]] (formerly known as Liberty Interactive), and also owned 7% of [[Lionsgate]] and [[Starz Inc.]]<ref>{{cite web|url=https://deadline.com/2016/03/cbs-buying-starz-cable-network-deal-talks-leslie-moonves-1201720007/|title=CBS Mulling Acquisition Of Pay Cable Network Starz|first=Nellie|last=Andreeva|date=March 14, 2016}}</ref><ref>{{cite web |url=https://variety.com/2016/tv/features/john-malone-liberty-media-charter-communications-1201729414/ |title=John Malone: 'Cable Cowboy' Faces the Test in Rounding Up the Right Mix of Assets |first=Cynthia |last=Littleton |date=March 15, 2016 |publisher=Variety}}</ref><ref>{{cite web|url=https://deadline.com/2015/11/lionsgate-jon-feltheimer-john-malone-discovery-liberty-global-1201616902/|title=Lionsgate Strengthens Ties To John Malone: Liberty Global Buy Stakes|first=David Lieberman, Anita|last=Busch|date=November 10, 2015}}</ref><ref>{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/telecoms/12010847/Liberty-Global-snaps-up-Cable-and-Wireless-in-3.6bn-deal.html|title=John Malone: the mystery method behind a media empire|date=November 22, 2015|publisher=Daily Telegraph|last1=Williams|first1=Christopher}}</ref> He was interim CEO of Liberty Media, until succeeded by former [[Microsoft]] and [[Oracle Corporation|Oracle]] CFO [[Greg Maffei]]. |
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Malone is ranked as the second-largest private landowner in the United States, possessing {{convert|2.2|e6acre|ha|sigfig=2|abbr=off}}, which is more than twice the size of [[Rhode Island]]. According to ''[[The Land Report]]'s'' annual rankings, Malone ranked as the largest landowner in America from 2011 to 2021.<ref>{{Cite web |title=The Land Report 2022.4 Page 118 |url=https://editions.mydigitalpublication.com/publication/?i=778214&p=120&view=issueViewer&pp=1 |access-date=2023-09-27 |website=editions.mydigitalpublication.com |language=en-US}}</ref> |
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==Early life and education== |
==Early life and education== |
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John C. Malone was born on March 7, 1941, in [[Milford, Connecticut]].<ref name="YaleBulletin2000" /><ref name="fortunemag" /> His father was Daniel L. Malone, an engineer.<ref name="YaleDaily2011" /> Malone is of Irish heritage, his family originating in County Cork.<ref>{{Cite news| url =http://www.irishcentral.com/news/irish-american-john-malone-pays-10million-for-luxury-irish-estate-184913841-237555491.html|title= Irish American John Malone pays $10million for luxury Irish estate|author=Patrick Counihan|publisher=IrishCentral |date = December 27, 2012}}</ref><ref>{{Cite news| url =http://www.independent.ie/business/irish/us-mogul-john-malone-buys-up-former-tony-oreilly-estate-castlemartin-for-28m-30854981.html|title= US mogul John Malone buys up former Tony O'Reilly estate Castlemartin for €28m|author=Peter Flanagan|publisher=[[Irish Independent]] |date = December 22, 2014}}</ref><ref>{{Cite news| url =http://www.independent.ie/business/commercial-property/homecoming-of-two-million-acre-man-john-c-malone-30238430.html|title= Homecoming of two million acre man John C Malone|author=Kim Bielenberg|publisher=[[Irish Independent]] |date = April 5, 2014}}</ref> Malone is a Catholic.<ref>{{Cite news| url =https://www.catholic.org/news/green/story.php?id=43226|title= Who is America's largest landowner?|author=Catholic Online|publisher=Catholic Online |date = October 13, 2011}}</ref> |
John C. Malone was born on March 7, 1941, in [[Milford, Connecticut]].<ref name="YaleBulletin2000" /><ref name="fortunemag" /> His father was Daniel L. Malone, an engineer.<ref name="YaleDaily2011" /> Malone is of Irish heritage, his family originating in County Cork.<ref>{{Cite news| url =http://www.irishcentral.com/news/irish-american-john-malone-pays-10million-for-luxury-irish-estate-184913841-237555491.html|title= Irish American John Malone pays $10million for luxury Irish estate|author=Patrick Counihan|publisher=IrishCentral |date = December 27, 2012}}</ref><ref>{{Cite news| url =http://www.independent.ie/business/irish/us-mogul-john-malone-buys-up-former-tony-oreilly-estate-castlemartin-for-28m-30854981.html|title= US mogul John Malone buys up former Tony O'Reilly estate Castlemartin for €28m|author=Peter Flanagan|publisher=[[Irish Independent]] |date = December 22, 2014}}</ref><ref>{{Cite news| url =http://www.independent.ie/business/commercial-property/homecoming-of-two-million-acre-man-john-c-malone-30238430.html|title= Homecoming of two million acre man John C Malone|author=Kim Bielenberg|publisher=[[Irish Independent]] |date = April 5, 2014}}</ref> Malone is a Catholic.<ref>{{Cite news| url =https://www.catholic.org/news/green/story.php?id=43226|title= Who is America's largest landowner?|author=Catholic Online|publisher=Catholic Online |date = October 13, 2011}}</ref> |
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In 1959, Malone graduated from [[Hopkins School]] in [[New Haven |
In 1959, Malone graduated from [[Hopkins School]] in [[New Haven, Connecticut]]. In 1963, he graduated from [[Yale University]] with a bachelor's degree in electrical engineering and economics,<ref name=":0">{{Cite web|url=https://www.businessinsider.com/john-malone-cable-cowboy-media-dealmaker-2017-8|title=Sirius XM's $3.5 billion Pandora deal is a bet on the future of streaming — here's how its largest shareholder, 'cable cowboy' John Malone, came to be worth $9 billion {{!}} Markets Insider|last=GmbH|first=finanzen net|website=markets.businessinsider.com|access-date=April 14, 2020}}</ref> where he was a [[Phi Beta Kappa]] and [[National Merit Scholarship|National Merit scholar]]. In 1964, Malone graduated from [[Johns Hopkins University]] with a master's degree in industrial management.<ref name=":0" /> He received a master's in electrical engineering at an NYU program at Bell Labs in 1965 before receiving his PhD in [[operations research]] at Johns Hopkins in 1967.<ref name ="liberty overview">{{cite web |url= http://ir.libertymedia.com/management.cfm |title= Company Overview -–Management |access-date=February 9, 2014 |publisher= Liberty Media}}</ref> |
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==Business career== |
==Business career<!--'500-channel universe' redirects here-->== |
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In 1963, Malone began his business career at [[Bell Telephone Laboratories]] of [[American Telephone & Telegraph|AT&T]], working in economic planning and research and development. In 1968, he joined [[McKinsey & Company]], and in 1970, became group vice president at [[General Instrument Corporation]] (GI). He was later president of [[Jerrold Electronics]], a GI subsidiary. For twenty-four years, from 1973 to 1996, Malone served as president and CEO of [[Tele-Communications Inc.]] (TCI).<ref name=":0" /> |
In 1963, Malone began his business career at [[Bell Telephone Laboratories]] of [[American Telephone & Telegraph|AT&T]], working in economic planning and research and development. In 1968, he joined [[McKinsey & Company]], and in 1970, became group vice president at [[General Instrument Corporation]] (GI). He was later president of [[Jerrold Electronics]], a GI subsidiary. For twenty-four years, from 1973 to 1996, Malone served as president and CEO of [[Tele-Communications Inc.]] (TCI).<ref name=":0" /> |
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Malone is on the boards of directors for [[Bank of New York Mellon]], [[Expedia.com]], [[Charter Communications]], [[Warner Bros. Discovery]], and [[Lionsgate|Lions Gate Entertainment Corp]].<ref>{{cite web |url=https://corporate.discovery.com/leadership/dr-john-c-malone/ |website=Discovery.com |title=Leadership:Dr. John C. Malone |publisher=Discovery, Inc. |access-date= |
Malone is on the boards of directors for [[Bank of New York Mellon]], [[Expedia.com]], [[Charter Communications]], [[Warner Bros. Discovery]], and [[Lionsgate|Lions Gate Entertainment Corp]].<ref>{{cite web |url=https://corporate.discovery.com/leadership/dr-john-c-malone/ |website=Discovery.com |title=Leadership: Dr. John C. Malone |publisher=Discovery, Inc. |access-date=November 22, 2019}}</ref><ref name="KochanBoNYGate" /> Malone is chairman emeritus of [[Cable Television Laboratories, Inc.]] and chairman of [[Liberty Global]], Inc., and formerly the [[DirecTV Group]].<ref name ="liberty overview"/> His rise to chairman at [[Liberty Global]] was contentious at times. |
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In 2005, Malone held 32 percent of the shares in the media company [[News Corporation (1980–2013)|News Corporation]], and although only about half were voting shares, [[Rupert Murdoch]] reportedly had concerns that he might lose control of his company to Malone, and tried to oust him from the firm with a "[[Shareholder rights plan|poison pill]]" strategy.<ref name="telegraph" /> He was director of the [[National Cable & Telecommunications Association]] (NCTA) from 1974 to 1977, and again from 1980 to 1993. During the 1977–1978 term, Malone was the NCTA's treasurer.<ref name="liberty overview" /> |
In 2005, Malone held 32 percent of the shares in the media company [[News Corporation (1980–2013)|News Corporation]], and although only about half were voting shares, [[Rupert Murdoch]] reportedly had concerns that he might lose control of his company to Malone, and tried to oust him from the firm with a "[[Shareholder rights plan|poison pill]]" strategy.<ref name="telegraph" /> He was director of the [[National Cable & Telecommunications Association]] (NCTA) from 1974 to 1977, and again from 1980 to 1993. During the 1977–1978 term, Malone was the NCTA's treasurer.<ref name="liberty overview" /> |
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In 1992, Malone coined the term '''500-channel universe''' to describe a future media environment where a vast number of [[TV channel]]s would be available, by eliminating the need for broadcast radio channels as a [[scarce resource]].<ref>{{Cite web|url=http://goliath.ecnext.com/coms2/gi_0199-5014838/Editorial-Going-a-la-carte.html|title=Editorial: Going a la carte is right for cable. {{!}} Goliath Business News|date= |
In 1992, Malone coined the term '''500-channel universe'''<!--boldface per WP:R#PLA--> to describe a future media environment where a vast number of [[TV channel]]s would be available, by eliminating the need for broadcast radio channels as a [[scarce resource]].<ref>{{Cite web|url=http://goliath.ecnext.com/coms2/gi_0199-5014838/Editorial-Going-a-la-carte.html|title=Editorial: Going a la carte is right for cable. {{!}} Goliath Business News|date=June 15, 2011|archive-url=https://web.archive.org/web/20110615080608/http://goliath.ecnext.com/coms2/gi_0199-5014838/Editorial-Going-a-la-carte.html|access-date=December 18, 2019|archive-date=June 15, 2011}}</ref> |
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⚫ | In business dealings Malone has been dubbed "Darth Vader", a nickname allegedly given to him by [[Al Gore]] when Malone was the head of TCI.<ref name="Forbes cable">{{cite news |url= https://www.forbes.com/2001/07/11/0711malone.html|title= Cable's Darth Vader Is Back|access-date=February 11, 2009 |author= Mark Lewis|date= July 11, 2001|work= Forbes}}</ref> |
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⚫ | In 1994, ''[[Wired (magazine)|Wired]]'' portrayed Malone on their cover as "Mad Max" from ''[[Mad Max 2|The Road Warrior]]'' (also known as ''Mad Max 2''), with an interview describing his battles with the FCC.<ref name="Wired" /> He is also known as the "Cable Cowboy".<ref name="businessinsider" /> |
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Bloomberg estimated him to be worth over [[United States dollar|US$]]9 [[1,000,000,000 (number)|billion]] in May 2021.<ref name="Bloomberg profile" /> |
Bloomberg estimated him to be worth over [[United States dollar|US$]]9 [[1,000,000,000 (number)|billion]] in May 2021.<ref name="Bloomberg profile" /> |
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==Land ownership== |
==Land ownership== |
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Malone owns Silver Spur Ranches, a ranching and beef company which includes the Silver Spur Ranch in [[Encampment, Wyoming]], [[Bell Ranch]] and the TO Ranch in [[New Mexico]] as well as ranches in [[Walden, Colorado]] and [[Kiowa, Colorado]].<ref name="fortunemag"/><ref name="silverspurranches |
Malone owns [[Silver Spur Ranches]], a ranching and beef company which includes the Silver Spur Ranch in [[Encampment, Wyoming]], [[Bell Ranch]] and the TO Ranch in [[New Mexico]], Bridlewood Farm, a thoroughbred breeding, training and racing operation in Ocala, Florida; as well as ranches in [[Walden, Colorado]], and [[Kiowa, Colorado]].<ref name="fortunemag"/><ref name="silverspurranches" /> His international real estate holdings include [[Humewood Castle]]<ref name="Humewood" /> and [[Castlemartin House and Estate]], both in Ireland. |
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{{As of|2011|02|01}}, he surpassed [[Ted Turner]] as the largest individual private landowner in the US, owning {{convert|2200000|acre|km2}} of land, much of which is in [[Maine]], [[Colorado]], [[New Mexico]], and [[Wyoming]].<ref name="largest landowner" /> Malone held the top spot as America's largest landowner for 10 years, according to the 2022 The Land Report's ranking of the top 100 U.S. landowners. In 2021, the ranking listed Malone as the second largest landowner behind the [[Archie Aldis Emmerson|Emmerson Family]].<ref>{{Cite web |title=The Land Report 2022.4 Page 118 |url=https://editions.mydigitalpublication.com/publication/?i=778214&p=120&view=issueViewer&pp=1 |access-date=2023-09-27 |website=editions.mydigitalpublication.com |language=en-US}}</ref> |
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==Philanthropy== |
==Philanthropy== |
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Malone has also given $60 million to [[Hopkins School]] in New Haven to fund the construction of two new buildings, Malone Science Center, named for his father, as well as Heath Commons, named after his favorite Hopkins teacher. |
Malone has also given $60 million to [[Hopkins School]] in New Haven to fund the construction of two new buildings, Malone Science Center, named for his father, as well as Heath Commons, named after his favorite Hopkins teacher. |
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In 2014, Malone and his wife donated $42.5 million to [[Colorado State University]] to help create their Institute for Biologic Translational Therapies, which aims to develop stem cell and other treatments for animals and people. Of the donation, $32.5 million will pay for half the construction costs and $10 million will go to operational expenses.<ref>{{cite web|title=Billionaire John Malone Donates Millions to Colorado State University| url=http://denver.cbslocal.com/2014/12/29/cable-billionaire-malone-donating-42-5m-to-csu/|publisher= CBS Denver| date= |
In 2014, Malone and his wife donated $42.5 million to [[Colorado State University]] to help create their Institute for Biologic Translational Therapies, which aims to develop stem cell and other treatments for animals and people. Of the donation, $32.5 million will pay for half the construction costs and $10 million will go to operational expenses.<ref>{{cite web|title=Billionaire John Malone Donates Millions to Colorado State University| url=http://denver.cbslocal.com/2014/12/29/cable-billionaire-malone-donating-42-5m-to-csu/|publisher= CBS Denver| date= December 29, 2014 |access-date= April 28, 2015}}</ref> |
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In 2021, the Malones donated $25 million to Maine Medical Center in Portland, Maine, for the hospital’s $534 million capital improvement project. Maine Medical Center will name a new tower for cardiac and vascular services the Malone Family Tower; Leslie Malone recently received cardiac care at the hospital.<ref> |
In 2021, the Malones donated $25 million to Maine Medical Center in Portland, Maine, for the hospital’s $534 million capital improvement project. Maine Medical Center will name a new tower for cardiac and vascular services the Malone Family Tower; Leslie Malone recently received cardiac care at the hospital.<ref>{{Cite news|url=https://www.pressherald.com/2021/06/15/maine-med-receives-largest-gift-in-its-history-25-million-from-colorado-couple-who-summer-in-boothbay/|title=Maine Medical Center receives its largest gift ever, $25 million from Colorado couple|first=Joe LawlorStaff|last=Writer|date=June 15, 2021|newspaper=[[Portland Press Herald]]|accessdate=March 20, 2023}}</ref> |
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==Malone Scholars Program== |
==Malone Scholars Program== |
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In 1997, he established the Malone Family Foundation, which operates the Malone Scholars Program that provides scholarship endowments to |
In 1997, he established the Malone Family Foundation, which operates the Malone Scholars Program that provides scholarship endowments to certain private schools throughout the United States.<ref name="WhoMaloneFamilyFoundation" /> |
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==Personal life== |
==Personal life== |
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Malone is married to Leslie, |
Malone is married to Leslie, they have two children and live in [[Elizabeth, Colorado]].<ref name="Forbes profile" /><ref name="Irishtimes"/> His wife is active in [[dressage]] and horse breeding and she founded Harmony Sporthorses in [[Kiowa, Colorado]].<ref>{{cite web|url=http://www.chronofhorse.com/article/leslie-malone-growing-us-dressage-one-horse-and-rider-time|title=Leslie Malone Is Growing U.S. Dressage One Horse And Rider At A Time|website=www.chronofhorse.com|access-date=September 30, 2018}}</ref> In 2008, their son Evan D. Malone joined the board of [[Liberty Media]].<ref>{{Cite web|url=https://www.bizjournals.com/denver/stories/2008/08/11/daily39.html|title=Evan Malone joins Liberty Media board|date=August 14, 2008|website=Denver Business Journal|access-date=April 14, 2020}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/lauriebennett/2012/04/28/billionaire-offspring-on-boards-can-spell-t-r-o-u-b-l-e/#21d578f81afc|title=Billionaire Offspring on Boards Can Spell T-R-O-U-B-L-E|first=Laurie|last=Bennett|website=forbes.com|access-date=September 30, 2018}}</ref> Malone reportedly shuns the limelight and glamorous lifestyle, taking his family vacations alongside long-time friend Gary Biskup in a [[recreational vehicle]].<ref>{{cite news |url= https://www.independent.co.uk/news/business/news/darth-vader-and-the-sun-king-700114.html|title= Darth Vader and the Sun King|access-date=February 11, 2009 |date= October 1, 2000|work= [[The Independent]] |location=London}}</ref><ref>{{cite web |url= http://www.camphalfprice.com/article.php/rv_story|title= An RV Story... McMansions On Wheels|access-date=February 11, 2009|date= October 15, 2005|publisher= CampHalfPrice.com}}</ref> The State of Colorado named Malone a "Citizen of the West" in 2016.<ref>{{Cite web|date=September 22, 2016|title=Colorado philanthropist, cable pioneer John Malone honored as Citizen of the West|url=https://www.denverpost.com/2016/09/21/colorado-philanthropist-john-malone-citizen-of-the-west/|access-date=June 3, 2021|website=The Denver Post|language=en-US}}</ref><ref>{{Cite web|date=January 8, 2017|title=National Western Stock Show Citizen of the West John Malone known for loyalty, can-do Western spirit|url=https://www.denverpost.com/2017/01/08/national-western-stock-show-citizen-of-the-west-john-malone/|access-date=June 3, 2021|website=The Denver Post|language=en-US}}</ref> |
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⚫ | Malone's political beliefs have been described as [[Libertarianism in the United States|libertarian]].<ref>{{cite web|last1=Littleton|first1=Cynthia|title=John Malone Talks TV Biz, Presidential Politics and His TCI Regret in Candid Q&A|url=https://variety.com/2016/biz/news/john-malone-brian-roberts-charter-time-warner-cable-merger-comcast-1201778366/|website=Variety|date=May 18, 2016}}</ref> He is on the board of directors for the [[Cato Institute]]. He donated US$250,000 to [[Donald Trump]]. He also expressed support for [[Michael Bloomberg]] in the [[2020 United States presidential election]].<ref>{{Cite web|last=Franck|first=Thomas|date=November 21, 2019|title=Media mogul John Malone says Trump causes 'chaos' and he would vote for Bloomberg in 2020|url=https://www.cnbc.com/2019/11/21/media-mogul-john-malone-says-trump-causes-chaos-likes-bloomberg.html|access-date=February 19, 2022|website=CNBC|language=en}}</ref> |
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In 2008, their son Evan D. Malone joined the board of [[Liberty Media]].<ref>{{Cite web|url=https://www.bizjournals.com/denver/stories/2008/08/11/daily39.html|title=Evan Malone joins Liberty Media board|date=14 August 2008|website=Denver Business Journal|access-date=2020-04-14}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/lauriebennett/2012/04/28/billionaire-offspring-on-boards-can-spell-t-r-o-u-b-l-e/#21d578f81afc|title=Billionaire Offspring on Boards Can Spell T-R-O-U-B-L-E|first=Laurie|last=Bennett|website=forbes.com|access-date=30 September 2018}}</ref> |
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Malone reportedly shuns the limelight and glamorous lifestyle and takes his family vacations alongside long time friend Gary Biskup, in a [[recreational vehicle]].<ref>{{cite news |url= https://www.independent.co.uk/news/business/news/darth-vader-and-the-sun-king-700114.html|title= Darth Vader and the Sun King|access-date=2009-02-11 |date= October 1, 2000|work= [[The Independent]] |location=London}}</ref><ref>{{cite web |url= http://www.camphalfprice.com/article.php/rv_story|title= An RV Story... McMansions On Wheels|access-date=2009-02-11|date= October 15, 2005|publisher= CampHalfPrice.com}}</ref> However, in business dealings he has been dubbed "Darth Vader", a nickname allegedly given to him by [[Al Gore]] when Malone was the head of TCI. |
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John Malone was awarded "Citizen of the West", presented by then-Colorado Governor [[John Hickenlooper]].<ref>{{Cite web|date=2016-09-22|title=Colorado philanthropist, cable pioneer John Malone honored as Citizen of the West|url=https://www.denverpost.com/2016/09/21/colorado-philanthropist-john-malone-citizen-of-the-west/|access-date=2021-06-03|website=The Denver Post|language=en-US}}</ref><ref>{{Cite web|date=2017-01-08|title=National Western Stock Show Citizen of the West John Malone known for loyalty, can-do Western spirit|url=https://www.denverpost.com/2017/01/08/national-western-stock-show-citizen-of-the-west-john-malone/|access-date=2021-06-03|website=The Denver Post|language=en-US}}</ref> |
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⚫ | In 1994, ''[[Wired (magazine)|Wired]]'' portrayed Malone on their cover as "Mad Max" from ''[[Mad Max 2|The Road Warrior]]'' (also known as ''Mad Max 2''), with an interview describing his battles with the FCC.<ref name="Wired" /> He is also known as the "Cable Cowboy".<ref name="businessinsider" /> |
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⚫ | Malone's political beliefs have been described as [[libertarian]].<ref>{{cite web|last1=Littleton|first1=Cynthia|title=John Malone Talks TV Biz, Presidential Politics and His TCI Regret in Candid Q&A|url=https://variety.com/2016/biz/news/john-malone-brian-roberts-charter-time-warner-cable-merger-comcast-1201778366/|website=Variety|date=May 18, 2016}}</ref> He is on the board of directors for the [[Cato Institute]]. He donated US$250,000 to [[Donald Trump]] |
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==References== |
==References== |
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{{Reflist|30em|refs= |
{{Reflist|30em|refs= |
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<ref name="YaleBulletin2000">{{cite web|url=http://www.yale.edu/opa/arc-ybc/v28.n18/story2.html|title=Gift from alumnus John Malone to fund engineering building|publisher=Yale Bulletin & Calendar|access-date=2011 |
<ref name="YaleBulletin2000">{{cite web|url=http://www.yale.edu/opa/arc-ybc/v28.n18/story2.html|title=Gift from alumnus John Malone to fund engineering building|publisher=Yale Bulletin & Calendar|access-date=November 5, 2011|url-status=dead|archive-url=https://web.archive.org/web/20090418120123/http://www.yale.edu/opa/arc-ybc/v28.n18/story2.html|archive-date=April 18, 2009}}</ref> |
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<ref name="businessinsider">{{cite news|url=http://www.businessinsider.com/john-malone-cable-cowboy-powerful-person-media-2017-7|author=Graham Rapier|title=The amazing life of billionaire 'Cable Cowboy' John Malone, the single largest landowner in the US|publisher=Business Insider|date=August 10, 2017|access-date= |
<ref name="businessinsider">{{cite news|url=http://www.businessinsider.com/john-malone-cable-cowboy-powerful-person-media-2017-7|author=Graham Rapier|title=The amazing life of billionaire 'Cable Cowboy' John Malone, the single largest landowner in the US|publisher=Business Insider|date=August 10, 2017|access-date=August 12, 2017}}</ref> |
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<ref name="Wired">{{cite news |url= https://www.wired.com/wired/archive/2.07/malone.html|title= Infobahn Warrior |access-date= |
<ref name="Wired">{{cite news |url= https://www.wired.com/wired/archive/2.07/malone.html|title= Infobahn Warrior |access-date=November 14, 2010 |date= July 1994|publisher= [[Wired (magazine)|Wired]] |first=David |last=Kline}}</ref> |
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<ref name="silverspurranches">{{cite web|url=http://silverspurranches.com|website=silverspurranches.com|title=Silver Spur Ranches|access-date=2017 |
<ref name="silverspurranches">{{cite web|url=http://silverspurranches.com|website=silverspurranches.com|title=Silver Spur Ranches|access-date=November 11, 2017}}</ref> |
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<ref name="telegraph">{{cite news| url=https://www.telegraph.co.uk/finance/2921177/Murdochs-son-sees-pay-doubled-ahead-of-exit.html | location=London | work=The Daily Telegraph | first=George | last=Trefgarne | title=Murdoch's son sees pay doubled ahead of exit | date=August 26, 2005}}</ref> |
<ref name="telegraph">{{cite news| url=https://www.telegraph.co.uk/finance/2921177/Murdochs-son-sees-pay-doubled-ahead-of-exit.html | location=London | work=The Daily Telegraph | first=George | last=Trefgarne | title=Murdoch's son sees pay doubled ahead of exit | date=August 26, 2005}}</ref> |
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<ref name= |
<ref name="Forbes profile">{{cite web |title=Forbes profile: John Malone |url=https://www.forbes.com/profile/john-malone/ |website=Forbes |access-date=May 18, 2020}}</ref> |
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⚫ | |||
<ref name="Forbes profile">{{cite web |title=Forbes profile: John Malone |url=https://www.forbes.com/profile/john-malone/ |website=Forbes |access-date=18 May 2020}}</ref> |
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<ref name="Irishtimes">{{cite web|url=https://www.irishtimes.com/life-and-style/people/john-malone-the-us-billionaire-buying-up-ireland-1.2109800|title=John Malone: The US billionaire buying up Ireland|website=irishtimes.com|access-date= |
<ref name="Irishtimes">{{cite web|url=https://www.irishtimes.com/life-and-style/people/john-malone-the-us-billionaire-buying-up-ireland-1.2109800|title=John Malone: The US billionaire buying up Ireland|website=irishtimes.com|access-date=September 30, 2018}}</ref> |
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<ref name="JHU2011">{{cite web|url=http://releases.jhu.edu/2011/01/03/malone/|title=Liberty's Malone Makes Largest Gift Ever to Whiting School|publisher=[[Johns Hopkins University]]|access-date=2011 |
<ref name="JHU2011">{{cite web|url=http://releases.jhu.edu/2011/01/03/malone/|title=Liberty's Malone Makes Largest Gift Ever to Whiting School|publisher=[[Johns Hopkins University]]|access-date=November 5, 2011}}</ref> |
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<ref name="WhoMaloneFamilyFoundation">{{cite web|url=http://www.malonefamilyfoundation.com/aboutfoundation_whoweare.html|title=About the Foundation: Who We Are|publisher=Malone Family Foundation|access-date=2011 |
<ref name="WhoMaloneFamilyFoundation">{{cite web|url=http://www.malonefamilyfoundation.com/aboutfoundation_whoweare.html|title=About the Foundation: Who We Are|publisher=Malone Family Foundation|access-date=November 4, 2011}}</ref> |
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<ref name=YaleDaily2011>{{cite web|url=http://www.yaledailynews.com/news/2011/mar/25/seas-nets-50-million-donation/ |title=SEAS nets $50 million donation |publisher=[[Yale Daily News]] |access-date=2011 |
<ref name=YaleDaily2011>{{cite web|url=http://www.yaledailynews.com/news/2011/mar/25/seas-nets-50-million-donation/ |title=SEAS nets $50 million donation |publisher=[[Yale Daily News]] |access-date=November 4, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110530114305/http://www.yaledailynews.com/news/2011/mar/25/seas-nets-50-million-donation/ |archive-date=May 30, 2011 }}</ref> |
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<ref name="Bloomberg profile">{{cite news |title=Bloomberg Billionaires Index: John Malone |url=https://www.bloomberg.com/billionaires/profiles/john-c-malone/ |newspaper=Bloomberg.com |access-date= |
<ref name="Bloomberg profile">{{cite news |title=Bloomberg Billionaires Index: John Malone |url=https://www.bloomberg.com/billionaires/profiles/john-c-malone/ |newspaper=Bloomberg.com |access-date=May 19, 2021}}</ref> |
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<ref name="Humewood">{{cite news|last=Flynn|first=Finbarr|title=John Malone Buys Irish 'Green Banana' as Castle Prices Fall|url=https://www.bloomberg.com/news/2013-05-20/billionaire-malone-buys-irish-green-banana-as-castle-prices-drop.html|access-date= |
<ref name="Humewood">{{cite news|last=Flynn|first=Finbarr|title=John Malone Buys Irish 'Green Banana' as Castle Prices Fall|url=https://www.bloomberg.com/news/2013-05-20/billionaire-malone-buys-irish-green-banana-as-castle-prices-drop.html|access-date=May 21, 2013|newspaper=Bloomberg|date=May 21, 2013}}</ref> |
||
<ref name="KochanBoNYGate">{{cite book |last=Kochan |first=Nick |author-link=Nick Kochan |url=http://docplayer.net/14744175-The-bank-of-new-york.html |title=The Washing Machine: How Money Laundering and Terrorist Financing Soils Us |chapter=Chapter 2 BoNYGate |publisher=[[Cengage Learning]] |location=[[Mason, Ohio]] |date=2005 |isbn=9781587991592}}</ref> |
<ref name="KochanBoNYGate">{{cite book |last=Kochan |first=Nick |author-link=Nick Kochan |url=http://docplayer.net/14744175-The-bank-of-new-york.html |title=The Washing Machine: How Money Laundering and Terrorist Financing Soils Us |chapter=Chapter 2 BoNYGate |publisher=[[Cengage Learning]] |location=[[Mason, Ohio]] |date=2005 |isbn=9781587991592}}</ref> |
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<ref name="fortunemag">Jeff Hull, [http://fortune.com/2012/09/27/meet-the-largest-landowner-in-america/ Meet the largest landowner in America], ''[[Fortune (magazine)|Fortune]]'', September 27, 2012</ref> |
<ref name="fortunemag">Jeff Hull, [http://fortune.com/2012/09/27/meet-the-largest-landowner-in-america/ Meet the largest landowner in America], ''[[Fortune (magazine)|Fortune]]'', September 27, 2012</ref> |
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<ref name="largest landowner">{{Cite web |last=Stebbins |first=Samuel |date=2019 |
<ref name="largest landowner">{{Cite web |last=Stebbins |first=Samuel |date=November 25, 2019 |title=Who owns the most land in America? Jeff Bezos and John Malone are among them |url=https://www.usatoday.com/story/money/2019/11/25/these-people-own-the-most-land-in-america/40649951/ |access-date=September 6, 2020 |website=[[USA Today]]}}</ref> |
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[[Category:20th-century American landowners]] |
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[[Category:Lionsgate people]] |
Latest revision as of 08:27, 15 December 2024
John Malone | |
---|---|
Born | John Carl Malone March 7, 1941 Milford, Connecticut, U.S. |
Education | Yale University (BA) New York University (MS) Johns Hopkins University (MS, PhD) |
Occupation | Businessman |
Title | Chairman of Liberty Media, Liberty Global, and Qurate Retail Group |
Spouse | Leslie Malone |
Children | 2 |
John Carl Malone (born March 7, 1941) is an American billionaire businessman, landowner, and philanthropist. He was chief executive officer (CEO) of Tele-Communications Inc. (TCI), a cable and media giant, for twenty-four years from 1973 to 1996. Malone is now chairman and largest voting shareholder of Liberty Media, Liberty Global, and Qurate Retail Group (formerly known as Liberty Interactive), and also owned 7% of Lionsgate and Starz Inc.[1][2][3][4] He was interim CEO of Liberty Media, until succeeded by former Microsoft and Oracle CFO Greg Maffei.
Malone is ranked as the second-largest private landowner in the United States, possessing 2.2 million acres (890,000 hectares), which is more than twice the size of Rhode Island. According to The Land Report's annual rankings, Malone ranked as the largest landowner in America from 2011 to 2021.[5]
Early life and education
[edit]John C. Malone was born on March 7, 1941, in Milford, Connecticut.[6][7] His father was Daniel L. Malone, an engineer.[8] Malone is of Irish heritage, his family originating in County Cork.[9][10][11] Malone is a Catholic.[12]
In 1959, Malone graduated from Hopkins School in New Haven, Connecticut. In 1963, he graduated from Yale University with a bachelor's degree in electrical engineering and economics,[13] where he was a Phi Beta Kappa and National Merit scholar. In 1964, Malone graduated from Johns Hopkins University with a master's degree in industrial management.[13] He received a master's in electrical engineering at an NYU program at Bell Labs in 1965 before receiving his PhD in operations research at Johns Hopkins in 1967.[14]
Business career
[edit]In 1963, Malone began his business career at Bell Telephone Laboratories of AT&T, working in economic planning and research and development. In 1968, he joined McKinsey & Company, and in 1970, became group vice president at General Instrument Corporation (GI). He was later president of Jerrold Electronics, a GI subsidiary. For twenty-four years, from 1973 to 1996, Malone served as president and CEO of Tele-Communications Inc. (TCI).[13]
Malone is on the boards of directors for Bank of New York Mellon, Expedia.com, Charter Communications, Warner Bros. Discovery, and Lions Gate Entertainment Corp.[15][16] Malone is chairman emeritus of Cable Television Laboratories, Inc. and chairman of Liberty Global, Inc., and formerly the DirecTV Group.[14] His rise to chairman at Liberty Global was contentious at times.
In 2005, Malone held 32 percent of the shares in the media company News Corporation, and although only about half were voting shares, Rupert Murdoch reportedly had concerns that he might lose control of his company to Malone, and tried to oust him from the firm with a "poison pill" strategy.[17] He was director of the National Cable & Telecommunications Association (NCTA) from 1974 to 1977, and again from 1980 to 1993. During the 1977–1978 term, Malone was the NCTA's treasurer.[14]
In 1992, Malone coined the term 500-channel universe to describe a future media environment where a vast number of TV channels would be available, by eliminating the need for broadcast radio channels as a scarce resource.[18]
In business dealings Malone has been dubbed "Darth Vader", a nickname allegedly given to him by Al Gore when Malone was the head of TCI.[19]
In 1994, Wired portrayed Malone on their cover as "Mad Max" from The Road Warrior (also known as Mad Max 2), with an interview describing his battles with the FCC.[20] He is also known as the "Cable Cowboy".[21]
Bloomberg estimated him to be worth over US$9 billion in May 2021.[22]
Land ownership
[edit]Malone owns Silver Spur Ranches, a ranching and beef company which includes the Silver Spur Ranch in Encampment, Wyoming, Bell Ranch and the TO Ranch in New Mexico, Bridlewood Farm, a thoroughbred breeding, training and racing operation in Ocala, Florida; as well as ranches in Walden, Colorado, and Kiowa, Colorado.[7][23] His international real estate holdings include Humewood Castle[24] and Castlemartin House and Estate, both in Ireland.
As of 1 February 2011[update], he surpassed Ted Turner as the largest individual private landowner in the US, owning 2,200,000 acres (8,900 km2) of land, much of which is in Maine, Colorado, New Mexico, and Wyoming.[25] Malone held the top spot as America's largest landowner for 10 years, according to the 2022 The Land Report's ranking of the top 100 U.S. landowners. In 2021, the ranking listed Malone as the second largest landowner behind the Emmerson Family.[26]
Philanthropy
[edit]In 2000, Malone gave $24 million to the Yale School of Engineering & Applied Science in New Haven for the construction of Yale's Daniel L. Malone Engineering Center, named in honor of his father.[8]
In 2011, Malone gave the Johns Hopkins Whiting School of Engineering in Baltimore its largest gift ever of $30 million for a new building on Homewood Campus.[13] The building will be named Malone Hall.[27]
In the same year, he gave the Yale School of Engineering & Applied Science's largest gift ever of $50 million.[8]
Malone has also given $60 million to Hopkins School in New Haven to fund the construction of two new buildings, Malone Science Center, named for his father, as well as Heath Commons, named after his favorite Hopkins teacher.
In 2014, Malone and his wife donated $42.5 million to Colorado State University to help create their Institute for Biologic Translational Therapies, which aims to develop stem cell and other treatments for animals and people. Of the donation, $32.5 million will pay for half the construction costs and $10 million will go to operational expenses.[28]
In 2021, the Malones donated $25 million to Maine Medical Center in Portland, Maine, for the hospital’s $534 million capital improvement project. Maine Medical Center will name a new tower for cardiac and vascular services the Malone Family Tower; Leslie Malone recently received cardiac care at the hospital.[29]
Malone Scholars Program
[edit]In 1997, he established the Malone Family Foundation, which operates the Malone Scholars Program that provides scholarship endowments to certain private schools throughout the United States.[30]
Personal life
[edit]Malone is married to Leslie, they have two children and live in Elizabeth, Colorado.[31][32] His wife is active in dressage and horse breeding and she founded Harmony Sporthorses in Kiowa, Colorado.[33] In 2008, their son Evan D. Malone joined the board of Liberty Media.[34][35] Malone reportedly shuns the limelight and glamorous lifestyle, taking his family vacations alongside long-time friend Gary Biskup in a recreational vehicle.[36][37] The State of Colorado named Malone a "Citizen of the West" in 2016.[38][39]
Malone's political beliefs have been described as libertarian.[40] He is on the board of directors for the Cato Institute. He donated US$250,000 to Donald Trump. He also expressed support for Michael Bloomberg in the 2020 United States presidential election.[41]
References
[edit]- ^ Andreeva, Nellie (March 14, 2016). "CBS Mulling Acquisition Of Pay Cable Network Starz".
- ^ Littleton, Cynthia (March 15, 2016). "John Malone: 'Cable Cowboy' Faces the Test in Rounding Up the Right Mix of Assets". Variety.
- ^ Busch, David Lieberman, Anita (November 10, 2015). "Lionsgate Strengthens Ties To John Malone: Liberty Global Buy Stakes".
{{cite web}}
: CS1 maint: multiple names: authors list (link) - ^ Williams, Christopher (November 22, 2015). "John Malone: the mystery method behind a media empire". Daily Telegraph.
- ^ "The Land Report 2022.4 Page 118". editions.mydigitalpublication.com. Retrieved September 27, 2023.
- ^ "Gift from alumnus John Malone to fund engineering building". Yale Bulletin & Calendar. Archived from the original on April 18, 2009. Retrieved November 5, 2011.
- ^ a b Jeff Hull, Meet the largest landowner in America, Fortune, September 27, 2012
- ^ a b c "SEAS nets $50 million donation". Yale Daily News. Archived from the original on May 30, 2011. Retrieved November 4, 2011.
- ^ Patrick Counihan (December 27, 2012). "Irish American John Malone pays $10million for luxury Irish estate". IrishCentral.
- ^ Peter Flanagan (December 22, 2014). "US mogul John Malone buys up former Tony O'Reilly estate Castlemartin for €28m". Irish Independent.
- ^ Kim Bielenberg (April 5, 2014). "Homecoming of two million acre man John C Malone". Irish Independent.
- ^ Catholic Online (October 13, 2011). "Who is America's largest landowner?". Catholic Online.
- ^ a b c d GmbH, finanzen net. "Sirius XM's $3.5 billion Pandora deal is a bet on the future of streaming — here's how its largest shareholder, 'cable cowboy' John Malone, came to be worth $9 billion | Markets Insider". markets.businessinsider.com. Retrieved April 14, 2020.
- ^ a b c "Company Overview -–Management". Liberty Media. Retrieved February 9, 2014.
- ^ "Leadership: Dr. John C. Malone". Discovery.com. Discovery, Inc. Retrieved November 22, 2019.
- ^ Kochan, Nick (2005). "Chapter 2 BoNYGate". The Washing Machine: How Money Laundering and Terrorist Financing Soils Us. Mason, Ohio: Cengage Learning. ISBN 9781587991592.
- ^ Trefgarne, George (August 26, 2005). "Murdoch's son sees pay doubled ahead of exit". The Daily Telegraph. London.
- ^ "Editorial: Going a la carte is right for cable. | Goliath Business News". June 15, 2011. Archived from the original on June 15, 2011. Retrieved December 18, 2019.
- ^ Mark Lewis (July 11, 2001). "Cable's Darth Vader Is Back". Forbes. Retrieved February 11, 2009.
- ^ Kline, David (July 1994). "Infobahn Warrior". Wired. Retrieved November 14, 2010.
- ^ Graham Rapier (August 10, 2017). "The amazing life of billionaire 'Cable Cowboy' John Malone, the single largest landowner in the US". Business Insider. Retrieved August 12, 2017.
- ^ "Bloomberg Billionaires Index: John Malone". Bloomberg.com. Retrieved May 19, 2021.
- ^ "Silver Spur Ranches". silverspurranches.com. Retrieved November 11, 2017.
- ^ Flynn, Finbarr (May 21, 2013). "John Malone Buys Irish 'Green Banana' as Castle Prices Fall". Bloomberg. Retrieved May 21, 2013.
- ^ Stebbins, Samuel (November 25, 2019). "Who owns the most land in America? Jeff Bezos and John Malone are among them". USA Today. Retrieved September 6, 2020.
- ^ "The Land Report 2022.4 Page 118". editions.mydigitalpublication.com. Retrieved September 27, 2023.
- ^ "Liberty's Malone Makes Largest Gift Ever to Whiting School". Johns Hopkins University. Retrieved November 5, 2011.
- ^ "Billionaire John Malone Donates Millions to Colorado State University". CBS Denver. December 29, 2014. Retrieved April 28, 2015.
- ^ Writer, Joe LawlorStaff (June 15, 2021). "Maine Medical Center receives its largest gift ever, $25 million from Colorado couple". Portland Press Herald. Retrieved March 20, 2023.
- ^ "About the Foundation: Who We Are". Malone Family Foundation. Retrieved November 4, 2011.
- ^ "Forbes profile: John Malone". Forbes. Retrieved May 18, 2020.
- ^ "John Malone: The US billionaire buying up Ireland". irishtimes.com. Retrieved September 30, 2018.
- ^ "Leslie Malone Is Growing U.S. Dressage One Horse And Rider At A Time". www.chronofhorse.com. Retrieved September 30, 2018.
- ^ "Evan Malone joins Liberty Media board". Denver Business Journal. August 14, 2008. Retrieved April 14, 2020.
- ^ Bennett, Laurie. "Billionaire Offspring on Boards Can Spell T-R-O-U-B-L-E". forbes.com. Retrieved September 30, 2018.
- ^ "Darth Vader and the Sun King". The Independent. London. October 1, 2000. Retrieved February 11, 2009.
- ^ "An RV Story... McMansions On Wheels". CampHalfPrice.com. October 15, 2005. Retrieved February 11, 2009.
- ^ "Colorado philanthropist, cable pioneer John Malone honored as Citizen of the West". The Denver Post. September 22, 2016. Retrieved June 3, 2021.
- ^ "National Western Stock Show Citizen of the West John Malone known for loyalty, can-do Western spirit". The Denver Post. January 8, 2017. Retrieved June 3, 2021.
- ^ Littleton, Cynthia (May 18, 2016). "John Malone Talks TV Biz, Presidential Politics and His TCI Regret in Candid Q&A". Variety.
- ^ Franck, Thomas (November 21, 2019). "Media mogul John Malone says Trump causes 'chaos' and he would vote for Bloomberg in 2020". CNBC. Retrieved February 19, 2022.
Further reading
[edit]- L. J. Davis (1998). Billionaire Shell Game: How Cable Baron John Malone and Assorted Corporate Titans Invented a Future Nobody Wanted. Doubleday. ISBN 978-0-385-47927-1.
- Mark Robichaux (2005). Cable Cowboy: John Malone and the Rise of the Modern Cable Business. Wiley. ISBN 978-0-471-70637-3.
External links
[edit]- 1941 births
- American billionaires
- American chief executives
- 20th-century American landowners
- American philanthropists
- AT&T people
- Businesspeople from Colorado
- Businesspeople from Connecticut
- American chairpersons of corporations
- American people of Irish descent
- American cable television company founders
- Hopkins School alumni
- Johns Hopkins University alumni
- Liberty Media people
- Living people
- McKinsey & Company people
- People from Parker, Colorado
- People from Milford, Connecticut
- Yale School of Engineering & Applied Science alumni
- Polytechnic Institute of New York University alumni
- American libertarians
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