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Philip Anschutz
Philip Frederick Anschutz (/ˈænʃuːts/ AN-shoots; born December 28, 1939) is an American billionaire businessman who owns or controls companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, travel, movies, theaters, arenas and music. In 2004, he purchased the parent company of the Journal Newspapers, which under Anschutz's direction became the American conservative editorial newspaper Washington Examiner. Anschutz is the son of Fred and Marian Pfister Anschutz.
In 1961, he bought out his father's oil drilling company, Circle A Drilling, and earned large returns in Wyoming. He invested in stocks, real estate and railroads. He expanded his investments to sports and entertainment companies, co-founding the American soccer league Major League Soccer as well as multiple soccer teams, including the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, and the New York/New Jersey MetroStars. Anschutz is the principal owner of the National Hockey League's Los Angeles Kings and was a minority owner of the National Basketball Association's Los Angeles Lakers until selling his interest in 2021. He also owns stakes in performance venues, including Crypto.com Arena, The O2 Arena, and the Dignity Health Sports Park. Through his ownership of Walden Media, he has invested in films such as The Chronicles of Narnia, Ray, and Joshua. Through AEG Live, he owns the Coachella Valley Music and Arts Festival, Sea Island Resorts and The Broadmoor hotel in Colorado. He is also the namesake of CU Anschutz, the medical campus of the University of Colorado.
As of May 2025, Forbes ranks him the 130th richest person in the world with an estimated net worth of $16.9 billion.
Anschutz was born December 28, 1939, in Russell, Kansas, the son of Marian (née Pfister; 1910–1986) and Frederick Benjamin Anschutz (1909–1993). His father was an oil tycoon and land speculator who invested in ranches in Colorado, Utah and Wyoming, and eventually went into the oil-drilling business. His grandfather, Carl Anschutz, was an ethnic German who emigrated from Russia and started the Farmers State Bank in Russell. Anschutz grew up in Russell, as did Bob Dole. He also lived in Wichita, and Hays, Kansas. In later years, Anschutz contributed to Dole's political campaigns.
Anschutz graduated from Wichita East High School 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.
In 1970, Anschutz bought the 250,000-acre (1,000 km2) Baughman Farms, one of the country's largest farming corporations, in Liberal, Kansas, for $10 million. The following year, he acquired 9 million acres (36,000 km2) along the Utah-Wyoming border. This produced his first fortune in the oil business. In the early 1980s, the Anschutz Ranch, with its billion-barrel (160,000,000 m3) oil pocket, became the largest oil field discovery in the United States since Prudhoe Bay in Alaska in 1968. In 1982, Anschutz sold an interest in it to Mobil for $500 million.
For several years, Anschutz was Colorado's sole billionaire. With his acquisition of land in other Western states, he became one of the 100 largest landholders in the United States.
Anschutz then moved into railroads and telecommunications before venturing into the entertainment industry. In 1999, Fortune magazine compared him to the 19th-century tycoon J.P. Morgan, as both men "struck it rich in a fundamentally different way: they operated across an astounding array of industries, mastering and reshaping entire economic landscapes."
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Philip Anschutz
Philip Frederick Anschutz (/ˈænʃuːts/ AN-shoots; born December 28, 1939) is an American billionaire businessman who owns or controls companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, travel, movies, theaters, arenas and music. In 2004, he purchased the parent company of the Journal Newspapers, which under Anschutz's direction became the American conservative editorial newspaper Washington Examiner. Anschutz is the son of Fred and Marian Pfister Anschutz.
In 1961, he bought out his father's oil drilling company, Circle A Drilling, and earned large returns in Wyoming. He invested in stocks, real estate and railroads. He expanded his investments to sports and entertainment companies, co-founding the American soccer league Major League Soccer as well as multiple soccer teams, including the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, and the New York/New Jersey MetroStars. Anschutz is the principal owner of the National Hockey League's Los Angeles Kings and was a minority owner of the National Basketball Association's Los Angeles Lakers until selling his interest in 2021. He also owns stakes in performance venues, including Crypto.com Arena, The O2 Arena, and the Dignity Health Sports Park. Through his ownership of Walden Media, he has invested in films such as The Chronicles of Narnia, Ray, and Joshua. Through AEG Live, he owns the Coachella Valley Music and Arts Festival, Sea Island Resorts and The Broadmoor hotel in Colorado. He is also the namesake of CU Anschutz, the medical campus of the University of Colorado.
As of May 2025, Forbes ranks him the 130th richest person in the world with an estimated net worth of $16.9 billion.
Anschutz was born December 28, 1939, in Russell, Kansas, the son of Marian (née Pfister; 1910–1986) and Frederick Benjamin Anschutz (1909–1993). His father was an oil tycoon and land speculator who invested in ranches in Colorado, Utah and Wyoming, and eventually went into the oil-drilling business. His grandfather, Carl Anschutz, was an ethnic German who emigrated from Russia and started the Farmers State Bank in Russell. Anschutz grew up in Russell, as did Bob Dole. He also lived in Wichita, and Hays, Kansas. In later years, Anschutz contributed to Dole's political campaigns.
Anschutz graduated from Wichita East High School 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.
In 1970, Anschutz bought the 250,000-acre (1,000 km2) Baughman Farms, one of the country's largest farming corporations, in Liberal, Kansas, for $10 million. The following year, he acquired 9 million acres (36,000 km2) along the Utah-Wyoming border. This produced his first fortune in the oil business. In the early 1980s, the Anschutz Ranch, with its billion-barrel (160,000,000 m3) oil pocket, became the largest oil field discovery in the United States since Prudhoe Bay in Alaska in 1968. In 1982, Anschutz sold an interest in it to Mobil for $500 million.
For several years, Anschutz was Colorado's sole billionaire. With his acquisition of land in other Western states, he became one of the 100 largest landholders in the United States.
Anschutz then moved into railroads and telecommunications before venturing into the entertainment industry. In 1999, Fortune magazine compared him to the 19th-century tycoon J.P. Morgan, as both men "struck it rich in a fundamentally different way: they operated across an astounding array of industries, mastering and reshaping entire economic landscapes."