As of June 1, 2023, Ted Turner, the media mogul and entrepreneur from Ohio, has a net worth of approximately $2.2 billion. Turner, best known as the creator of CNN, TNT, TBS, and the former owner of the Atlanta Braves, earned his fortune through his various media ventures and his successful restaurant chain, Ted’s Montana Grill.
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Summary of Ted Turner’s Net Worth 2023
|Net Worth||Profession||Known For||Real Estate Ownership|
|$2.2 billion||Media Mogul, Entrepreneur||Creating CNN, TNT, TBS, owning Atlanta Braves, Ted’s Montana Grill chain||Second largest landowner in the United States, owning two million acres of land|
Deep Dive into Ted Turner’s Net Worth 2023
- Media Ventures: Turner’s wealth primarily stems from his successful media ventures, including the creation of CNN, TNT, and TBS.
- Atlanta Braves: Turner also owned the Atlanta Braves, contributing to his net worth.
- Ted’s Montana Grill: Apart from his media empire, Turner co-owns Ted’s Montana Grill chain, a profitable venture.
- Real Estate: Turner is the second largest landowner in the United States, owning two million acres of land.
Early Life and Career
Born on November 19, 1938, in Cincinnati, Ohio, Ted Turner moved to Savannah, Georgia, at a young age. After attending The McCallie School in Chattanooga, Tennessee, and Brown University, Turner took over his father’s billboard business, Turner Advertising Company, turning it into a success.
Turner Broadcasting Systems (TBS)
Turner later sold his father’s business and purchased a UHF television station, WTCG, which became a significant money maker. He acquired shows that VHF stations let go, including I Love Lucy, Gilligan’s Island, and Star Trek, further boosting his success.
My friend, the talented filmmaker, @KenBurns unveils #AmericanBuffaloPBS next Monday, October 16th. Team Turner was honored to have Ken & crew visit Turner Ranches to learn more about our role in the restoration of this keystone species. Learn more: https://t.co/OIUNWVFRhA pic.twitter.com/19u0OhriVu
— Ted Turner (@TedTurnerIII) October 13, 2023
Creation of CNN
In 1978, Turner collaborated with media exec Reese Schonfeld to found a 24-hour news channel, CNN, which went on to become a global news giant. Turner’s decision to sell WRET to fund CNN’s establishment proved to be a smart move, contributing significantly to his net worth.
Turner Entertainment and AOL Time Warner
In 1986, Turner created Turner Entertainment, overseeing film and TV properties owned by him. In 1996, when Turner Broadcasting System merged with Time Warner, Turner became the vice chairman and head of the cable networks division for Time Warner, enhancing his career and wealth.
Philanthropy and Personal Life
Turner is known for his philanthropy, pledging to donate the majority of his fortune to charity upon his death. He has been married three times and has five children. In 2018, Turner revealed that he is suffering from Lewy body dementia.
Ted Turner’s net worth of $2.2 billion as of 2023 reflects his successful career as a media mogul and entrepreneur. His contributions to the media landscape, coupled with his entrepreneurial ventures and real estate investments, have cemented his status as one of the wealthiest individuals in the United States.
- What is Ted Turner’s net worth in 2023?
Ted Turner’s net worth in 2023 is approximately $2.2 billion.
- What is Ted Turner known for?
Ted Turner is best known as the creator of CNN, TNT, TBS, and as the former owner of the Atlanta Braves.
- What businesses does Ted Turner own?
Apart from his media empire, Ted Turner co-owns the Ted’s Montana Grill restaurant chain.
- How much land does Ted Turner own?
Ted Turner is the second largest landowner in the United States, owning two million acres of land.
- Is Ted Turner a philanthropist?
Yes, Ted Turner is a noted philanthropist who has pledged to donate the majority of his fortune to charity upon his death.
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