Samuel Irving “Si” Newhouse Jr. (born November 8, 1927), is an American heir, business magnate and philanthropist. Together with his brother Donald, he owns Advance Publications, founded by their late father in 1922, whose properties include Condé Nast (publisher of such magazines as Vogue, Vanity Fair, The New Yorker, etc.), dozens of newspapers across the United States (including The Star-Ledger, The Plain Dealer, The Oregonian, etc.), former cable company Bright House Networks and a controlling stake in Discovery Communications.
Biography
He is the son of Mitzi (Nee Epstein) and Samuel Irving Newhouse Sr., the founder of Advance Publications. His grandson, S. I. Newhouse IV, appeared in the documentary Born Rich. Newhouse attended the Horace Mann School in New York City. He has an estimated net worth of $9.5 billion, and he was ranked the 46th richest American by Forbes magazine in 2014. He resides in New York City with his wife.
Newhouse has given money to charity, including $15 million to Syracuse University. He is also an art collector who at one time owned one of the most valuable paintings in the world, a Jackson Pollock drip painting, titled No. 5, 1948. Newhouse was listed by Art News as among the top 200 art collectors in the world.
Samuel Newhouse Jr. is the Chairman and Chief Executive Officer of Conde Nast who has an estimated net worth of $12.7 billion as of July 2017 according to Bloomberg. Samuel Irving Newhouse Jr., born on November 8, 1927 in New York City, has earned his estimated net worth as the co-owner of the publishing giant Advance Publication along with his brother Donald. The publication company was founded by their father, Sam Newhouse (d. 1979), who is a first-generation American who turned the Bayone Times into the largest privately-held newspaper chain in the country.
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