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Greg LeMond Net Worth

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Greg LeMond Net Worth

What is Greg LeMond’s net worth? 

Net Worth:$40 Million
Age:62
Born:June 26, 1961
Gender:Male
Height:1.78 m (5 ft 10 in)
Country of Origin:United States of America
Source of Wealth:Professional Cyclist
Last Updated:January 22, 2024

Introduction 

Greg LeMond is arguably one of the most gifted cyclists to have competed in the Tour de France and professional road cycling.

He was described by the cycling press as one of the most naturally gifted athletes whose powers of recovery were unsurpassed.

Not only was he a gifted athlete, but he was a  superb tactician with an iron will and the determination to win at all costs.

As of May 2024, Greg LeMond’s net worth is estimated to be $40 Million.

 

Greg LeMond Facts

  1. LeMond was introduced to cycling in 1975 by Wayne Wong, a freestyle skiing coach.
  2. In 1983, LeMond was the first US cyclist to win the Road World Championship in Altenrhein, Switzerland.
  3. LeMond won his first Tour de France in July 1986.
  4. In 1986, LeMond broke his collarbone during the Liège–Bastogne–Liège.
  5. He was accidentally shot by his uncle during a turkey hunt in 1987.
  6. He made an extraordinary comeback in 1989 when he clinched his second Tour de France victory.
  7. LeMond retired in 1994 after winning three Tour de France wins during his career.

 

Early Life 

Greg Lemond was born June 26, 1961, in Lakewood, California, and raised in the Washoe Valley, Sierra Nevada.

His life as a child involved plenty of outdoor activities, like hiking, skiing, hunting, and fly-fishing, which developed his stamina and love of sport.

Cycling was introduced into Greg’s training by Wayne Wong in 1975, who used it as an off-season training aid for skiing.

Greg, who had attention deficit disorder and couldn’t sit still, immediately took to cycling and dominated the cycling scene from Intermediate to Junior categories.

He was selected for the 1980 U.S. Olympic cycling team but couldn’t compete due to the U.S. boycott of the Moscow Olympics.

Many athletes had to wait for the 1984 Olympic Games, such as Patrick Ewing and Michael Jordan, before they could represent their country.

 

Career 

LeMond joined the Renault team in 1981, winning his first professional race in the French Tour de l’Oise and quickly becoming the man to beat.

He broke his collarbone in the Liège–Bastogne–Liège race in 1982 but had proved his climbing ability in the Critérium du Dauphiné Libéré.

To prove his dominance, he won the Tour de l’Avenir in 1982 by a record margin of 10 minutes, a huge gap at the time.

He then claimed the Road World Championship in 1983, becoming the first American male cyclist to achieve this in the history of the event.

LeMond finished third in the 1984 Tour de France, and in 1985, joined La Vie Claire, supporting Hinault in the Tour and finishing second himself.

 

Winning The Tour de France

Controversy arose between team members at the 1985 World Championships due to tactical misunderstandings, and he ended up finishing second.

Greg won the 1986 Tour de France despite tension and clashes with Hinault, proving once and for all that he was the dominant rider.

LeMond became one of the richest athletes in the world through sheer determination and hard work, receiving the highest-paying contract in cycling history.

 

Greg LeMond’s Career Earnings

He became a vocal advocate against performance-enhancing drugs in cycling, especially due to the effect it had on the future of the sport.

A lucrative contract that he’d signed with Trek eventually came to an end due to his comments about the use of drugs in the sport.

Here’s an estimated overview of Greg LeMond’s career earnings:

  • Greg LeMond’s Salary In 2017 – $3 Million
  • Greg LeMond’s Salary In 2018 – $3.5 Million
  • Greg LeMond’s Salary In 2019 – $4 Million
  • Greg LeMond’s Salary In 2020 – $3.8 Million
  • Greg LeMond’s Salary In 2021 – $3.5 Million
  • Greg LeMond’s Salary In 2022 – $3.9 Million
  • Greg LeMond’s Salary In 2023 – $4 Million

He made comments about Lance Armstrong, who, at the time, was Trek’s top rider and who LeMond claimed used drugs to enhance his performance.

After a lifetime of impressive achievements, Greg Lemond was inducted into the United States Bicycling Hall of Fame in 1996.

 

Greg LeMond’s Net Worth Annually

LeMond was the first professional cyclist to sign a million-dollar contract, getting a $5.5 million deal with Z–Tomasso of France for three years.

He is also only the fifth person in history to win both the Tour de France and the World Championship in the same year.

Here’s a breakdown of Greg LeMond’s annual net worth:

  • Greg LeMond’s Net Worth In 2017 – $20 Million
  • Greg LeMond’s Net Worth In 2018 – $22 Million
  • Greg LeMond’s Net Worth In 2019 – $25 Million
  • Greg LeMond’s Net Worth In 2020 – $28 Million
  • Greg LeMond’s Net Worth In 2021 – $31 Million
  • Greg LeMond’s Net Worth In 2022 – $35 Million
  • Greg LeMond’s Net Worth In 2023 – $40 Million
  • Greg LeMond’s Net Worth In 2024 – $40 Million

After his retirement, Greg was engaged in broadcasting and commentary roles where he was able to share his insights into cycling.

He also used his platform to continue his crusade against the use of drugs in professional sports, with the view that they are unnecessary. 

 

Personal Life

In 1981, Greg married Kathy Morris, who supported him throughout his career and gave him three children; Simone, Geoffrey, and Scott.

Now that he is retired, LeMond and his wife have settled in Minnesota and focus on assisting foundations and organizations that support various causes.

The couple is involved in raising awareness and money for medical issues such as ADHD as well as sexual abuse.

He founded the LeMond Foundation, supporting cycling-related causes as well as cancer research, and often speaks out against drug use.

Greg’s official Instagram account and official Twitter account are great ways to stay updated on all things LeMond.

 

Awards & Achievements

Greg was always looking for an edge and championed technological advancements in cycling, introducing aerodynamic handlebars and carbon fiber frames.

He established LeMond Bicycles, a business that focused exclusively on marketing cycling-related products, allowing Greg to innovate with new equipment.

These are some of the best moments from Greg LeMond’s illustrious career:

  • LeMond secured the prestigious Tour de France General Classification title three times, in 1986, 1989, and 1990.
  • He won the Road Race World Championship twice, in 1983 and 1989.
  • LeMond earned the Young Rider Classification title in the Tour de France in 1984.
  • In 1985 and 1986, he also claimed the Combination Classification title in the Tour de France.
  • LeMond emerged victorious in the Critérium du Dauphiné Libéré in 1983.

He also branched out and invested his money in other ventures, including restaurants, real estate, and various consumer fitness equipment.

In 2002, he started LeMond Fitness, Inc. with the aim of assisting individuals to maximize their performance and meet their training goals.

 

How Does Greg LeMond Spend His Money?

LeMond has purchased numerous properties, one of which was a share in the exclusive Yellowstone Club, a private ski and golf community in Montanna.

Unfortunately, the investment was plagued by financial problems throughout its life and when the developer couple divorced, it went bankrupt.

He and his wife enjoy fine dining and have invested their money in various restaurants as well as in Bruegger’s bagel bakery–café franchises.

In 2016, LeMond founded LeMond Composites, manufacturing various low-cost carbon composites under contract with the Oak Ridge National Laboratory.

Greg and his family moved to Tennessee to one of the most expensive houses in the world, to be close to his new business.

 

Highlights 

He suffered life-threatening injuries in a hunting accident in 1987, missing that year’s Tour de France due to his health, as recovery was slow.

Greg faced major medical complications and surgery due to sustaining further injuries, which caused further setbacks in his 1988 cycling campaign.

Here are some of the best highlights of Greg LeMond’s career: 

  • He was the first non-European to win the Tour de France in 1986.
  • In 1983, he was the first American to win the Road Race World Championship.
  • LeMond clinched victory in the prestigious Tour de France twice more – in 1989 and 1990.
  • In 1989, he won the Road Race World Championships for the second time.
  • LeMond pioneered various technological advancements in professional cycling, notably the aerodynamic “triathlon” handlebars in 1989.

He then moved to the ADR team due to doping issues at PDM, racing again but missing the Tour for the second consecutive year.

Despite his many setbacks, Greg made a dramatic comeback in the 1989 Tour de France, winning the event in the final stage.

 

Favorite Greg LeMond Quotes

Greg LeMond has never shied away from the limelight and used his position as the best cyclist in the world to advocate against the use of drugs in cycling.

He also confirmed that it was not the money that was important to him but rather his love of cycling that kept him motivated and competitive.

Here are our favorite quotes from Greg LeMond:

  • “Even good people are obliged to deceive. ” – Greg LeMond
  • “Racing is a very selfish, self-centered, self-glorifying thing.” – Greg LeMond
  • “You don’t suffer, kill yourself, and take the risks I take just for money. I love bike racing.” – Greg LeMond
  • “I know I’ll never feel that sensation of racing and winning again and that took a while to get used to.” – Greg LeMond
  • “There are few things that you can’t do as long as you are willing to apply yourself.” – Greg LeMond

Greg revealed that he had been sexually abused as a child and subsequently started an organization to assist men who were abused as children.

The abuse caused Greg serious distress later in his life and, with his wife’s support, he was able to overcome it and move on with his life.

 

3 Amazing Lessons From Greg LeMond

LeMond was awarded the Congressional Gold Medal by President  Donald Trump in 2020 in recognition of his service to the USA.

Now that you know all about Greg LeMond’s net worth, here are some of the best success lessons to learn from Greg LeMond:

 

1. Patience And Resilience

LeMond faced numerous setbacks during his career, including a near-fatal shooting accident, from which he recovered and then won the Tour de France.

His resilience in overcoming injuries and team politics is a testament to his strength of character and highlights the importance of perseverance.

 

2. Innovation And Adaptability

LeMond became well-known for adopting new technologies and techniques in cycling, particularly with aerodynamics and the use of carbon fiber.

His willingness to innovate and adapt in an often-traditional sport demonstrates the usefulness of embracing change and being open to new ideas.

 

3. Mental Strength and Strategy

LeMond’s strategic approach to races, especially his mindset during critical moments, was proof of his power of mental strength to achieve success.

He didn’t just rely on physical prowess but used a tactical approach to achieve his immediate target, without losing sight of his ultimate goal.

 

Summary 

Greg LeMond has spent a lifetime in the sport and is considered one of the most talented cyclists in the history of the sport.

His strong opposition to the use of performance-enhancing drugs in cycling cost him lucrative contracts, but he stuck to his views.

Greg LeMond is now retired but is still involved in the sport that made him a household name around the world.

As of May 2024, Greg LeMond’s net worth is estimated to be $40 Million.

What do you think about Greg LeMond’s net worth? Leave a comment below. 

John is a professional accountant with a passion for writing. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. He’s worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities.

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Net Worth

Kodak Black Net Worth

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Kodak Black Net Worth

What is Kodak Black’s net worth?

Net Worth:$5 Million
Age:26
Born:June 11, 1997
Gender:Male
Height:1.70 m (5 ft 7 in)
Country of Origin:United States of America
Source of Wealth:Professional Rapper
Last Updated:May 2, 2024

Introduction

As of May 2024, Kodak Black’s net worth is estimated to be $5 Million.

Bill K. Kapri, better known as Kodak Black, is an American rapper.

Black is noted for his singles ‘Zeze’, ‘Roll in Peace’, ‘Tunnel Vision’, and ‘No Flockin’, as well as his numerous legal issues.

 

Early Life

Bill K. Kapri “Kodak Black” was born on the 11th of June, 1997, in Pompano Beach, Florida.

His father left the family soon after Kodak was born, and he was raised by a single mother.

Kodak and his mother shifted to a nearby housing society in Golden Acres, where many immigrants from Haiti also lived.

Kodak began selling drugs and indulging in other petty crimes at an early age.

He was not interested in school and had a poor attendance record. He got into several fights in school, which led to his expulsion from the school on many occasions.

 

Career

Kodak Black's Career

Kodak Black started in 2009 when he joined the rap group Brutal Youngnz when he was 12. 

He released his first mixtape, Project Baby, a year later, which he followed with Heart of the Projects in 2014 and Institution in 2015. 

Black’s popularity soared soon after when Drake posted a video of himself dancing to Kodak Black’s song “Skrt.” 

He was then signed with Atlantic Records and was set to join Lil Uzi Vert on the Parental Advisory Tour, but ultimately couldn’t attend. 

 

Kodak Black’s Big Break

In 2016, Kodak Black appeared on French Montana’s single “Lockjaw,” and his single “Skrt” hit No. 10 on Billboard’s Hip-Hop Singles chart. 

After releasing his fourth mixtape, Lil B.I.G. Pac, Black was included on XXL magazine’s 2016 Freshman Class list. 

The following year, Kodak released his single “Tunnel Vision,” which debuted at no. 27 and peaked at no. 6 on the Hot 100. 

In March 2017, he released his debut album, Painting Pictures, which sold 71,000 copies in its first week. 

That same year, he released Project Baby 2 and its deluxe version, Project Baby 2: All Grown Up, with the single “Codeine Dreaming.” 

Unfortunately, following a raid on his home, Kodak Black was arrested in January 2018 but was able to release Heart Break Kodak in February. 

In December of that year, he released his second album, Dying to Live, which featured Travis Scott and Offset on the single “Zeze.”  

This album also featured Lil Pump and Juice WRLD and a tribute to XXXTentacion, who died in June 2018 after being shot. 

In 2019, Kodak released “Zombie” with NLE Choppa and “Because of You,” followed by a music video. 

 

Kodak Black’s Recent Work

Kodak Black released his third album, Bill Israel, in November 2020 while he was in prison for firearms possession. 

That year, he served his sentence at Big Sandy’s high-security prison before being transferred to Thomson Penitentiary in October. 

In 2021, then-president Donald Trump commuted Black’s sentence, though he was still facing charges of criminal sexual assault. 

After being released, Kodak released “Last Day In” and was featured on Lil Yachty’s “Hit Bout It” in February. 

That same year, he released the mixtape Haitian Boy Kodak, which he used to celebrate his Haitian roots. 

His next project, Happy Birthday Kodak, was released in June to celebrate his 24th birthday. 

In February 2022, he released his fourth studio album, Back for Everything, which peaked at no. 2 on the Billboard 200. 

Soon after, he released “Walk/Spin” and announced he was leaving Atlantic Records for an eight-figure deal with Capitol Records. 

His final project with Atlantic was the mixtape Kutthroat Bill: Vol. 1, released in October 2022. 

Most recently, Kodak Black was arrested in Florida, and although he posted bail, he was quickly back in federal custody after violating his probation.

After being released from jail in February 2024, he threatened to punch a reporter and threw rocks at a journalist covering his release.

 

Kodak Black Net Worth

As of May 2024, Kodak Black’s net worth is $5 Million.

 

Highlights

Here are some of the best highlights of Kodak Black’s career: 

  • Skrt (Song, 2016) 
  • Tunnel Vision (Song, 2017) 
  • MTV Video Music (Best New Artist, 2017) – Nominated 
  • ZEZE (Song, 2018) 

 

Favorite Quotes from Kodak Black

Kodak Black Picture Quotes 1

“I’m a product of my environment. I grew up in the projects, I’m a project baby. All the project babies can relate to what I say, ‘cause they’re on the same thing. We’re cut from the same cloth, you feel me? We going through the same struggle and all that shit. So, they gonna feel me. And all the other people, they just like what I’m saying, they just like my drive.” – Kodak Black

 

Kodak Black Picture Quotes 2

“But I feel like I have enough knowledge to get me by in life. Obviously, I don’t know everything, but I feel like I have enough knowledge to get me through.” – Kodak Black

 

Kodak Black Picture Quotes 4

“I have a huge drive. I was born with nothing. So I was always brought up like: go get it. No matter what. Even if it’s scoping and poking. Rapping and trapping. You know, I did it. I switched my whole grind up from doing that, from scoping and poking, to just getting in a booth and just doing my thing.” – Kodak Black

 

Kodak Black Picture Quotes 3

“I just hope to continue to be blessed.  Elevate to something bigger. Somebody bigger. Somebody better.” – Kodak Black

 

Kodak Black Picture Quotes 5

“I will just be doing me. I don’t listen to rappers, but I’ll listen to it if it’s a good song. But, I don’t look up to nobody.” – Kodak Black

View our more extensive collection of the best Kodak Black quotes!

 

3 Strong Lessons from Kodak Black 

Now that you know all about Kodak Black’s net worth and how he achieved success Let’s take a look at some of the most substantial lessons we can learn from Kodak Black:

 

1. Go Against All Odds

You gotta go against all odds, you know? Boss your life up.

 

2. Don’t Gamble Your Life

Change your life today. Don’t gamble on the future; act now, without delay.

 

3. Change Your Negative Mindset

Change your thoughts, and you change your world.

 

Frequently Asked Questions

 

How much is Kodak Black worth?

Kodak Black’s net worth is estimated to be $5 Million.
 

How old is Kodak Black?

Kodak Black was born on June 11, 1997, and is currently 26 years old.
 

How tall is Kodak Black?

Kodak Black’s height is 1.70 m, equal to 5 ft 7 in.
 

Summary

Kodak Black is a controversial rapper best known for his singles ‘Roll in Peace’, ‘Tunnel Vision’, and ‘No Flockin’.

Although Black is very young, he is already very successful.

His debut album ‘Painting Pictures’ reached the third spot on the Billboard 200 chart. 

As of May 2024, Kodak Black’s net worth is approximately $5 Million.

What do you think about Kodak Black’s net worth? Leave a comment below. 

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Entrepreneurs

Amancio Ortega Net Worth

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Amancio Ortega Net Worth

Net Worth:$98.3 Billion
Age:88
Born:March 28, 1936
Gender:Male
Height:1.73 m (5 ft 8 in)
Country of Origin:Spain
Source of Wealth:Entrepreneur
Last Updated:May 2, 2024

What is Amancio Ortega’s net worth?

Introduction

As of May 2024, Amancio Ortega Gaona’s net worth is approximately $98.3 Billion.

Amancio Ortega Gaona is a Spanish billionaire businessman.

Ortega is the founder and former chairman of Inditex fashion group which is best known for its chain Zara clothing and accessories shops.

He is the second-wealthiest person in Europe after Bernard Arnault

 

Early Life 

Amancio Ortega Gaona was born in Busongo de Arbas, Leon, Spain on the 28th of March, 1936.

He is the son to Antonia Ortega Rodriguez and Josefa Gaona Hernandez. He mostly spent his childhood in Leon. 

Ortega left school at an early age and moved to A Coruna at the age of 14.

Shortly after, he found a job as a shop hand for a local shirtmaker called Gala, which still sits on the same corner in downtown A Coruña. 

 

Career

Amancio Ortega grew up as the son of a railway worker and landed his first hand-made shirt job when he was 14. 

Unlike Philip Anschutz or David Thomson, Ortega didn’t have family wealth to help him start his career, so he built himself independently. 

In 1963, he founded Confecciones Goa, a business selling quilted bathrobes, which helped him earn much money. 

After marrying Rosalia Mera Goyenechea in 1966, the couple opened the fast fashion company Zara in 1975. 

 

The Retail Industry

Since its launch, Amancio Ortega’s Zara brand has opened stores worldwide, with 2,007 locations currently. 

In 2010, it became one of the most popular brands online when it opened its online boutique in Jordan, Austria, Ireland, Belgium, and Luxembourg. 

In subsequent years, the online boutique expanded to include the U.S., Russia, Canada, Mexico, India, Brazil, and more. 

By 2015, Zara had become one of the top global brands specializing in clothing and home designs. 

In 2021, Zara launched its first beauty line, Zara Beauty, a detergent that reduces abrasion during wash cycles. 

The same year, Zara left Venezuela following economic struggles in the country, and in 2023, it left Russia after selling the business there to Fashion and More Management. 

 

Zara Controversies

While not as controversial as Elon Musk nowadays, Amancio Ortega has still been in trouble throughout his career. 

In 2007, he faced backlash after a customer complained about a swastika design on a handbag that came from an outside supplier. 

Zara later faced accusations of antisemitism for selling a striped toddler t-shirt with a large yellow star on the chest. 

Although the design was supposed to be based on an old west sheriff, others felt it resembled a concentration camp uniform. 

The shirt was removed a few hours after it went up for sale, and the brand apologized for the misunderstanding. 

In 2011, Zara was accused of using sweatshops to produce products after a factory in Brazil was closed for poor labor conditions. 

A few years later, BBC News reported they had found evidence of child labor in factories in Turkey, and Zara responded that the issues had since been solved.  

Most recently, the Finnish Occupational Safety and Health Administration found illegal labor practices in four Zara stores. 

 

Ortega’s Other Ventures

In 2009, Amancio Ortega became part of the Inditex group, owning 59.29%, which included the Zara brands, Massimo Dutti, Bershka, and more. 

After retiring from Inditex in 2011, he purchased the Torre Picasso skyscraper in Madrid and the Epic Residences and Hotel in Miami, Florida. 

In 2017, the Spanish Association of Foundations awarded him the Philanthropic Initiative Award after he donated €300 million to cancer foundations in Spain. 

That year, he also became the wealthiest man in the world, beating Bill Gates, who has since overtaken him once more. 

In 2020, Ortega’s investment company, Pontegadea, was worth $17 billion, though he reportedly lost $10 billion due to the pandemic.

As of 2016, he owned around 60% of Inditex, the holding company for Zara and related chains. 

 

Amancio Ortega Net Worth

As of May 2024, Amancio Ortega’s net worth is estimated to be roughly $98.3 Billion.

 

Amancio Ortega’s Net Worth Over Time

YearNet Worth
2009$18.3 Billion
2010$25 Billion
2011$31 Billion
2012$57.5 Billion
2013$57 Billion
2014$64 Billion
2015$64.5 Billion
2016$67 Billion
2017$71.3 Billion
2018$70 Billion
2019$62.7 Billion
2020$55.1 Billion
2021$77 Billion
2022$59.6 Billion
2023$77.3 Billion
2024$98.3 Billion

 

Highlights 

Here are some of the best highlights of Amancio Ortega’s career:

  • Founded Confecciones Goa (1972)
  • Zara became a part of the Inditex group (2009)
  • Ortega owned 60% of Inditex (2016

 

Favorite Quotes From Amancio Ortega 

“The life experiences which have made me grown as a human being, an entrepreneur and a citizen are based upon a number of principles which I deem deeply valuable: Solidarity, Understanding, Commitment, Hard-work Reliability, and Faithfulness.” – Amancio Ortega 

“We cannot limit ourselves to continuing on the path we have already opened and once again we will have to be enthusiastic and exacting in order to convert ideas and projects into reality in a world that is advancing at great speed.” – Amancio Ortega

“My true and simple desire is that, through the strategies and activities of the Foundation, the results of my life experience, both personal and professional, may reach all those members of the society who might be in special need of backing and encouragement.” – Amancio Ortega 

“The successful combination of intense expansion and renewed business efficiency has only been possible through the immense effort of our team at all levels of the organization.” – Amancio Ortega 

 

3 Rules for Success from Amancio Ortega 

Now that you know all about Amancio Ortega’s net worth and how he achieved success, let’s take a look at some of the lessons we can learn from him:

 

1. Introverts can thrive as entrepreneurs

Most entrepreneurs are extroverts, but that is by no means necessary for success.

Many great entrepreneurs are introverts, and Amancio Ortega is one of them. 

Little is known about the retail conglomerate because he makes a lot of effort to avoid talking to the press. He once said:

“You must appear three times in the newspapers: when you are born, get married, and die.” 

Don’t be discouraged if you aren’t the life of the party because you can still run a profitable business.

 

2. Be humble and modest

Being successful in life doesn’t mean that you can’t still be humble and modest.

Having those traits can be highly beneficial for both your professional and personal lives.

Humility has been found to help us cope better with anxiety, become better leaders and workers, have more self-control, and be more willing to help others.

 

3. Good things come to those who wait

Even though ten years may seem like an eternity when establishing a business, it paid off.

Patience allows you to wait, watch, and know when to act in all aspects of your life. Instead of acting inappropriately or irrationally, with patience, you can step back, regroup, and make the best decision possible.

 

Frequently Asked Questions

 

How much is Amancio Ortega worth?

Amancio Ortega’s net worth is estimated to be $98.3 Billion.
 

How old is Amancio Ortega?

Amancio Ortega was born on March 28, 1936, and is currently 88 years old.
 

How tall is Amancio Ortega?

Amancio Ortega’s height is 1.73 m, equal to 5 ft 8 in.
 

Summary

Amancio Ortega is one of the wealthiest businessmen and fashion founders in Europe.

He is behind some of the most famous brands, such as Breshka, Zara, and Tempe. 

As of May 2024, Amancio Ortega’s net worth is estimated to be roughly $98.3 Billion, making him one of the richest entrepreneurs in the world. 

What do you think about Amancio Ortega’s net worth? Leave a comment below. 

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Entrepreneurs

Philip Anschutz Net Worth

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Philip Anschutz Net Worth

What is Philip Anschutz’s net worth? 

Net Worth:$11 Billion
Age:84
Born:December 28, 1939
Gender:Male
Height:Unknown
Country of Origin:United States of America
Source of Wealth:Businessman
Last Updated:May 2, 2024

Introduction   

Philip Anschutz is an American billionaire businessman.

Anschutz owns or controls companies in various industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas, and music.

In 2004, he purchased the parent company of the Journal Newspapers.

As of May 2024, Philip Anschutz’s net worth is estimated to be roughly $11 Billion. 

 

Early Life 

Philip Frederick Anschutz was born on the 28th of December, 1939, in Kansas.

Anschutz is the son of Marian and Frederick Benjamin Anschutz. His father was an oil tycoon and land investor.

His grandfather was an ethnic German who emigrated from Russia and started the Farmers State Bank in Russell.

He grew up in Russell, Kansas. He graduated from Wichita High School East in 1957.

In 1961, he earned a bachelor’s degree in business from the University of Kansas, where he was a member of the Sigma Chi Fraternity.

 

Career 

When Philip Anschutz was born, he was already one of the wealthiest people in America, the son of an oil tycoon and land investor. 

After graduating high school, Anschutz earned a bachelor’s degree in business from the University of Kansas in 1961. 

In 1970, he purchased one of the largest farming corporations in America, Baughman Farms, for $10 million. 

The following year, he bought 9 million acres along the Utah-Wyoming border, which he used to create the Anschutz Ranch. 

However, in 1978, oil was discovered in the area, and Anschutz was able to sell the rights to Mobil for $500 million. 

 

Land, Oil & Petroleum

After his oil discovery, Anschutz purchased land in the Western U.S., becoming one of the country’s largest landowners. 

In 1984, Philip Anschutz purchased Rio Grande Industries and, four years later, purchased Southern Pacific Railroad. 

Following the merger between Southern Pacific and Union Pacific in 1996, Anschutz became the vice-chairman of Union. 

Around the same time, he became the director of Forest Oil Corporation, the director and chairman of Qwest, and a director of Pacific Energy Partners. 

In 2001, the Bush administration upheld Anschutz’s right to drill for oil in Montana, where local Native Americans wanted to preserve rock drawings. 

Fortunately, a year later, Anschutz gave up his plans for drilling and donated his leases to the National Trust for Historic Preservation. 

Anschutz left Qwest in 2006 and, two years later, bought Xanterra Parks and Resorts, followed by the Oklahoma Publishing Company. 

Like the Elon Musk of oil and rail, Philip Anschutz has amassed billions from his business ventures. 

He has even ventured into the entertainment industry and has owned numerous American soccer teams throughout his career.

 

Sports & Other Ventures

Along with owning the Coachella Music Festival, Anschutz also owns some of the richest soccer teams in the United States. 

As one of the founders of Major League Soccer, Philip Anschutz has owned the L.A. Galaxy, Chicago Fire, Colorado Rapids, D.C. United, and Houston Dynamo. 

However, he only owns Galaxy after selling his stakes in the other teams he previously controlled most of. 

Anschutz has also financed the distribution of Christian-themed films, including The Chronicles of Narnia: The Lion, the Witch, and the Wardrobe

In addition, Anschutz has invested in the Clarity Media Group, which includes the newspapers The Oklahoman and The Washington Examiner

Anschutz has since trademarked the name “Examiner” in over 60 cities across the United States. 

He has also invested in Oil & Gas Clearinghouse and NRC Broadcasting, which owns radio stations in Colorado. 

In 2008, he purchased LightEdge Solutions and, in 2011, acquired Oklahoma Publishing Company. 

Outside of this, Anschutz has been active in politics and has donated to conservative think tanks, including the Federalist Society and the Heritage Foundation. 

Most recently, he was found to have donated $75k to the Attorneys General Association days after Roe v. Wade was overturned. 

While he stated he didn’t support the law’s overturning, he was still criticized for the timing of his donation.

As of May 2024, Philip Anschutz’s net worth is estimated to be roughly $11 Billion. 

 

How Does Philip Anschutz Spend His Money?

Philip Anschutz spends some of his money on his real estate in Colorado and other purchases. 

 

Philip Anschutz’s Home 

Anschutz owns a beautiful home in Denver, Colorado. 

 

Philip Anschutz’s Other Purchases 

Anschutz owns stakes in the Los Angeles Lakers and Los Angeles Kings and venues, including the Staples Center, O2 Arena, and the Home Depot Center.

 

Highlights

Here are some of the best highlights of Philip Anschutz’s career:

  • Circle A Drilling (1961) 
  • Journal Newspapers (2004) 

 

Favorite Quotes from Philip Anschutz 

“Properties like the Broadmoor diminish greatly in number over time. They flourish best if owned by a family with the values of stewardship, as opposed to seeing them as just another asset.” – Philip Anschutz

“Some of the early speculation I saw in the press was that I am a rail fan. I’m not. This is not a hobby. This is a full-time business, and a very serious one at that. We’re making this railroad work.” – Philip Anschutz

“I must have had an early leaning toward business. Not that I had an understanding of this when I was 10 years old, but when you see what can be done, the possibilities, you want to be involved in something. You want to own it.” – Philip Anschutz

“We are fortunate to employ a wealth of diverse individuals throughout our family of companies, all of whom are important to us – the only criteria on which they are judged is the quality of their job performance; we do not tolerate discrimination in any form.” – Philip Anschutz

“There is nothing magic. We own 100-percent interest of venues around the world and partial interests in ventures around the world. We own 100-percent sports teams, and we own partial sports teams. There’s no magic here.” – Philip Anschutz

 

3 Powerful Lessons from Philip Anschutz 

Now that you know all about Philip Anschutz’s net worth and how he achieved success, let’s take a look at some of the lessons we can learn from him: 

 

1. Sidelines 

Sitting on the sidelines all the time doesn’t do any good.

 

2. Authentic Things 

People want to do authentic things. They want to go horseback riding, fishing, shooting or searching for turtle nesting spots on the beach. 

 

3. Adversity 

Adversity is a considerable advantage – as long as you think of it as an advantage – because it helps you do things you never thought you could do.

 

Frequently Asked Questions

 

How much is Philip Anschutz worth?

Philip Anschutz’s net worth is estimated to be $11 Billion.
 

How old is Philip Anschutz?

Philip Anschutz was born on December 28, 1939, and is currently 84 years old.
 

How tall is Philip Anschutz?

Philip Anschutz’s height is Unknown.
 

Summary

Philip Anschutz is an American entrepreneur who was born in Russell, Kansas.

Anschutz is the founder of Quest Communications and former owner of the Union Pacific Railroad.

His media empire includes the newspaper publishing company Clarity Media Group, the cinema chain Regal Entertainment Group, and the Anschutz Film Group. 

As of May 2024, Philip Anschutz’s net worth is estimated to be roughly $11 Billion. 

What do you think about Philip Anschutz’s net worth? Leave a comment below. 

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