Redstone takes third on the top 400 list
The Cox sisters own 98% of Cox Enterprises, the Atlanta-based media company founded by their father in 1957 that owns 17 daily newspapers, including the Atlanta Journal-Constitution; 15 TV and 81 radio stations; and Cox Communications, the nation’s third-largest cable TV company.
Forbes magazine released its Forbes 400 list Thursday, along with a subset of media moguls who are among the world’s richest. The Cox sisters’ fortune increased by nearly $1 billion from last year, helping them move up 15 places and maintain their position as the world’s richest media moguls.
Second among moguls is Metromedia’s John Werner Kluge, 91, whose fortune, built on telecom investments, dwindled to $9 billion from $11 billion a year ago.
Sumner Redstone, 82, takes third on the list of media moguls (25th overall), beating by nearly $1 billion Si and Don Newhouse, both with $7.5 billion fortunes.
The Newhouse brothers rose to fourth, overtaking EchoStar chairman Charlie Ergen (worth $7.1 billion) and Rupert Murdoch, who saw his fortune shrink to $6.7 billion from $7.8 billion one year ago.
Rounding out the top 10 moguls are New York Mayor Michael Bloomberg ($5.1 billion), David Geffen ($4.5 billion), George Lucas ($3.5 billion) and Haim Saban ($2.8 billion).
Just missing the top 10 are Steven Spielberg ($2.7 billion) and Donald Trump ($2.7 billion), a new entrant on the media list due to his role as TV star and exec producer of “The Apprentice” franchise.