Samuel “Si” Newhouse, an American entrepreneur, was worth $13 billion.
Si Newhouse was the chairman and CEO of Advance Publications, the parent company of Conde Nast Publications, when he passed away.
Magazines and periodicals, including Vogue, The New Yorker, Vanity Fair, The Plain Dealer, The Star-Ledger, and The Oregonian, are published by Conde Nast.
Samuel Irving “Si” Newhouse, Jr.
Born in New York City in November 1927.
Si Newhouse was the offspring of Samuel Irving Newhouse, Sr., who established Advance Publications in 1909.
Si was a student at the Horace Mann School in New York City.
Si and his brother Donald were both proprietors of Advanced Publications when he passed away.
Bright House Networks is owned by the company, which also controls a significant portion of Discovery Communications.
Si, who was one of the wealthiest residents of New York, was also among the 50th wealthiest Americans during his lifetime.
Si was a philanthropist, with his most significant donation being $15 million to Syracuse University.
One of the world’s most valuable Jackson Pollock paintings was once in his possession.
In 1973, he tied the knot with Jane Victoria Newhouse, whom he had previously been married to.
Newhouse’s family consisted of three children.
Si Newhouse’s death occurred on October 1, 2017, at the age of 89, and he played a role in the acquisition of Bright House Networks by Charter Communications in May 2016.
Si and his brother Donald were granted 31 million Class B common units, $2 billion in cash, and $2 billion in convertible preferred shares.
The brothers possess 71 million Class A common stocks and 141 Class C common stocks of Discovery Communication.
Advance Publications, which includes Conde Nast, a magazine with a revenue of $1.5 billion, is co-owned by the Newhouses.