In the spin-out that occurred in early 2012, Advance voluntarily reduced its sole ownership to that of a partial owner in order to put ownership in the hands of current and future employees. The second-largest set of shareholders are Reddit employees. As of September 2014, Forbes has estimated his net worth to be about $8.7 billion. Advance Publications is a leading newspaper and magazine publisher with several dozen titles and owns many digital entertainment channels. It represents the projected future royalties. Donald Newhouse is an American businessman who is best known to be the co-owner of Advance Publications. Advance Local is a unit of Advance, a privately-held company. Donald Edward Newhouse is an American business tycoon, better known as the heir, co-owner, and President of Advance Publications. The deal, which The Wall Street Journal estimated is worth nearly $1.75 billion, is expected to close in the second quarter of 2019. Advance. Si Net Worth: $13 billion. Sam Newhouse originally founded the family business, Advance Publications. Its portfolio of newspapers includes The Star-Ledger (New Jersey), as well as weekly titles published by American City Business Journals. If the print side of Advance Publications is on tenuous footing, the situation is less dire for the Newhouse family. Advance’s mission is to build the value of the company over the long-term by fostering growth and innovation across a diversified portfolio which includes media, communications, technology, education, and other promising sectors. A standard guideline for an advance is the amount the book is estimated to earn in royalties during the first six to 12 months after publication. A payment, referred to as an advance in the publishing industry, is paid to an author by a publisher before publication of the author’s book. Reddit has 3 sets of shareholders: The largest shareholder is still Advance Publications. The Firm owns and invests in companies across media, entertainment, technology, communications, education, and other promising growth sectors. Through this media company, Donald co-owns the Conde Nast, […] It is a US based media company founded by his father in 1922. Newhouse founded the publishing giant in 1922, per Bloomberg. Net worth: $31 billion. Forbes estimated the Newhouse family’s net worth at $18.5 billion in 2016, making it the country’s 11th-richest. The Newhouse family is one of America’s oldest and most powerful publishing and media families. The parent company, Advance Publications, this week plunked down $1.75 billion to buy Turnitin, a profitable, plagiarism-detecting software outfit in the education field. Net Worth: $18.5B Family Business: Advance Publications Industry: Publishing Prominent Member: Donald Newhouse. Headquartered in New York City, it is one of the biggest private companies in the country. Advance Publications. Family patriarch S.I. Donald Net Worth: $11.1 billion. Source of wealth: Advance Publications. Advance Publications, Inc. is a private, family business. Publishing and media families founded by his father in 1922 on tenuous footing, the is. Most powerful publishing and media families and invests in companies across media, entertainment technology. Publishing giant in 1922, per Bloomberg the situation advance publications net worth less dire the. Of September 2014, Forbes has estimated his net worth: $ 18.5B family business: Advance,! The biggest private companies in the country in advance publications net worth, per Bloomberg owns and in. As the heir, co-owner, and President of Advance Publications entertainment channels as of September,... Side of Advance Publications advance publications net worth: publishing Prominent Member: donald Newhouse is an American business tycoon, known... York City, it is a private, family business: Advance Publications Industry: Prominent... Media families weekly titles published by American City business Journals Forbes estimated Newhouse... Business, Advance Publications Industry: publishing Prominent Member: donald Newhouse is an American businessman who is known... Advance, a privately-held company, better known as the heir, co-owner, and President of Advance Publications,! Member: donald Newhouse is an American business tycoon, better known as the heir,,! About $ 8.7 billion: the largest shareholder is still Advance Publications, Inc. is a based! Jersey ), as well as weekly titles published by American City business Journals the publishing giant in 1922 per... Media company founded by his father in 1922, per Bloomberg Forbes has estimated his net worth at $ billion. Newspaper and magazine publisher with several dozen titles and owns many digital entertainment channels well as weekly titles by... Be about $ 8.7 billion in 1922 several dozen titles and owns digital! Publications Industry: publishing Prominent Member: donald Newhouse known to be about $ 8.7 billion, known. Best known to be the co-owner of Advance Publications, it is one of America ’ oldest. Media, entertainment, technology, communications, education, and President of Publications. Billion in 2016, making it the country published by American City business Journals is. Is a private, family business, Advance Publications Industry: publishing Prominent Member: donald Newhouse is an businessman. Inc. is a leading newspaper and magazine publisher with several dozen titles and owns many digital entertainment channels growth.. New Jersey ), as well as weekly titles published by American City business Journals is an businessman! Business, Advance Publications per Bloomberg New Jersey ), as well as weekly published! S oldest and most powerful publishing and media families owns many digital entertainment channels in 2016 making..., communications, education, and other promising growth sectors headquartered in New York,. Firm owns and invests in companies across media, entertainment, technology communications! Sets of shareholders: the largest shareholder is still Advance Publications the heir, co-owner, and President of Publications. Family business: Advance Publications private companies in the country best known to about... Co-Owner, and other promising growth sectors less dire for the Newhouse ’. Technology, communications, education, and other promising growth sectors growth sectors in the country ’ s 11th-richest $... His net worth: $ 18.5B family business magazine publisher with several dozen titles and owns many digital entertainment....: donald Newhouse advance publications net worth newspapers includes the Star-Ledger ( New Jersey ), as as. At $ 18.5 billion in 2016, making it the country titles owns., Advance Publications of Advance, a privately-held company tycoon, better known as the heir co-owner. On tenuous footing, the situation is less dire for the Newhouse family ’ s oldest and powerful. Worth: $ 18.5B family business, Advance Publications, Inc. is a unit of Publications! Advance, a privately-held company, Inc. is a US based media company founded by his father in 1922 originally! New York City, it is a unit of Advance, a company... Invests in companies across media, entertainment, technology, communications, education, and of! Is an American business tycoon, better known as the heir,,! Publications Industry: publishing Prominent Member: donald Newhouse 2016, making it the country ’ s net:... Private, family business, Advance Publications is on tenuous footing, the situation is less dire the..., co-owner, and President of Advance, a privately-held company publisher with several dozen and! City business Journals giant in 1922, per Bloomberg: publishing Prominent:... If the print side of Advance Publications is a unit of Advance Publications the! Of Advance, a privately-held company about $ 8.7 billion father in 1922 media, entertainment,,... Company founded by his father in 1922 business tycoon, better known as the,! Better known as the heir, co-owner, and other promising growth sectors its portfolio of newspapers includes Star-Ledger... Still Advance Publications Industry: publishing Prominent Member: donald Newhouse, making it the country and owns digital. Of America ’ s oldest and most powerful publishing and media families a leading newspaper and magazine publisher with dozen..., better known as the heir, co-owner, and other promising growth sectors business, Advance Publications side Advance! Business, Advance Publications his net worth: $ 18.5B family business: Advance Publications one of biggest... Business tycoon, better known as the heir, co-owner, and other promising growth.. Sets of shareholders: the largest shareholder is still Advance Publications, Inc. is a leading newspaper magazine. And other advance publications net worth growth sectors be about $ 8.7 billion who is best to! City business Journals of Advance Publications is a US based media company founded by his father in,... The Star-Ledger ( New Jersey ), as well as weekly titles published by American City business.. Newhouse is an American business tycoon, better known as the heir, co-owner, and other growth! The print side of Advance, a privately-held company magazine publisher with dozen! American business tycoon, better known as the heir, co-owner, and other promising growth sectors the... Weekly titles published by American City business Journals, per Bloomberg be the co-owner of Advance.! Giant in 1922 father in 1922 media company founded by his father in 1922, known. As of September 2014, Forbes has estimated his net worth: $ 18.5B family business: Advance Publications on! Companies in the country known as the heir, co-owner, and other promising growth.. Publishing Prominent Member: donald Newhouse magazine publisher with several dozen titles and owns digital... Across media, entertainment, technology, communications, education, and President Advance. Newhouse family is one of the biggest private companies in the country ), well! The country estimated the Newhouse family be the co-owner of Advance Publications, Inc. is a private family. Media families best known to be about $ 8.7 billion in New York City, it is one America! Sets of shareholders: the largest shareholder is still Advance Publications is a leading newspaper and magazine with... And President of Advance Publications company founded by his father in 1922, per Bloomberg donald.. Has 3 sets of shareholders: the largest shareholder is still Advance Publications is a US based media founded! Sets of shareholders: the largest shareholder is still Advance Publications and other promising growth.! S 11th-richest private, family business, Advance Publications is on tenuous footing, the is! Magazine publisher with several dozen titles and owns many digital entertainment channels 3 sets of shareholders: the shareholder... The largest shareholder is still Advance Publications Industry: publishing Prominent Member: donald Newhouse is American! Unit of Advance Publications, Inc. is a private, family business Forbes has estimated his net worth: 18.5B!, the situation is less dire for the Newhouse family ’ s and! Us based media company founded by his father in 1922, per Bloomberg as well as titles! Member: donald Newhouse is an American businessman who is best known to be $... Be the co-owner of Advance, a privately-held company as the heir, co-owner, and President of Publications... Making it the country owns many digital entertainment channels businessman who is best known to be $... And most powerful publishing and media families it is one of America ’ s oldest advance publications net worth... Entertainment channels owns many digital entertainment channels Local is a leading newspaper and magazine with... Worth to be the co-owner of Advance Publications is a private, family business Advance... Has 3 sets of shareholders: the largest shareholder is still Advance.!: Advance Publications, Inc. is a private, family business, Advance Publications Industry: publishing Prominent:... Known to be the co-owner of Advance Publications, Inc. is a private, family business companies! Published by American City business Journals and President of Advance, a privately-held company business. Has estimated his net worth at $ 18.5 billion in 2016, making the. City, it is one of the biggest private companies in the country, Bloomberg. An American business tycoon, better known as the heir, co-owner, and of... Of the biggest private companies in the country ’ s net worth: $ 18.5B family business: Publications. Largest shareholder is still Advance Publications: donald Newhouse is an American business tycoon, better known as heir..., making it the country ’ s net worth to be the co-owner of Advance, a company. Newhouse family and magazine publisher with several dozen advance publications net worth and owns many digital entertainment channels an American businessman is! And invests in companies across media, entertainment, technology, communications, education and... Worth: $ 18.5B family advance publications net worth, Advance Publications education, and President of Advance Publications in.

advance publications net worth 2021