Connect with us

Net Worth

Philip Anschutz Net Worth

Emmy Wallin

Published

on

Philip Anschutz Net Worth

What is Philip Anschutz’s net worth? 

Net Worth:$11 Billion
Age:81
Born:December 28, 1939
Country of Origin:United States of America
Source of Wealth:Businessman
Last Updated:2021

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 2021, 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 

In 1970, Anschutz bought the Baughman Farms, one of the country’s largest farming corporations, in Liberal, Kansas. The next year, he acquired 9 million acres along the Utah Wyoming border. This produced his first fortune in the oil business.

In 1984, he entered the railroad business by buying the Rio Grande Industries. A few years later, the Rio Grande railroad purchased the Southern Pacific Railroad under his direction.

With the merger of the Southern Pacific and Union Pacific Corporation in 1996, he became vice-chairman of Union Pacific. Before the merger, he was a director of Southern Pacific from 1988 to 1996. 

In 1993, he was the director and chairman of the Board of Qwest. He was also the director of Forest Oil Corporation in 1995. He has also been a director for Pacific Energy Partners. 

For many years, he was Colorado’s sole billionaire. He became one of the 100 largest landholders in the United States. He then moved into railroads and telecommunications before venturing into the entertainment industry. In 1999, Fortune magazine compared him to the tycoon J.P. Morgan. 

As of 2021, 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 on 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, 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 

It doesn’t do any good to sit on the sidelines all the time.

 

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 huge advantage – as long as you think of it as an advantage – because it helps you do things you never thought you were capable of doing.

 

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 2021, 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. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *