John C. Malone was born on the 7th March 1941, in Milford, Connecticut, USA. He is an American landowner, business executive, and philanthropist, probably best known as a former CEO of Tele-Communications Inc. (TCI), from 1973 to 1996. He is currently the Chairman of Liberty Media, Liberty Global, and Liberty Interactive. Malone’s career began in 1963.
Have you ever wondered how rich John Malone is, as of mid-2016? According to authoritative sources, it has been estimated tha Malone’s net worth is $9 billion. He has made a fortune in media and communications, real estate, and business companies.
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John Malone Net Worth $9 Billion
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John C. Malone is the son of Daniel L. Malone, an engineer, and is of Irish heritage. Malone went to Hopkins School in New Haven, Connecticut, and matriculated in 1959, then studied at Yale University and graduated in 1963, with a BA in electrical engineering and economics. A year later, Malone graduated from John Hopkins University with an MS in industrial management. John Malone also received his Ph.D. in operations research from John Hopkins in 1967.
Soon after getting a diploma at Yale in 1963, Malone started his career at Bell Telephone Laboratories of AT&T. Five years later, he joined McKinsey & Company, and became Group Vice President at General Instrument Corporation (GI) in 1970. Malone was one of the most successful presidents and CEOs of Tele-Communication Inc. in its history, staying at the post for 24 years, from 1973 to 1996. At that time, he was quite wealthy, and that position added a significant amount of money to his net worth.
Malone was a Director of the National Cable & Telecommunications Association (NCTA) for three years (1974-1977), and again during a second stint (1980-1993). John Malone currently serves on the Boards of Directors for the Bank of New York Mellon, the Cato Institute, and Expedia.com. He is also Chairman of the Board of Cable Television Laboratories, Inc. and Chairman of Liberty Global, Inc., and the DirecTV Group.
When it comes to his personal life, John Malone and his wife Leslie have two children: Tracy and Evan. He owns Silver Spur Ranches, including ranches in Wyoming, New Mexico, and Colorado. As of 2011, Malone is the largest private landowner in the United States; he owns 8,500 km2 of land, with the majority in Maine. Malone also owns numerous international real estate holdings.
John Malone is also a prominent philanthropist – he established the Malone Family Foundation in 1997, to provide scholarships to over 30 schools in the United States. He donated $24 million for the setting of Yale’s Daniel L. Malone Engineering Center in 2000. In 2011, he gave $30 million to his former university John Hopkins for a new building. The name of the building will be Malone Hall. This wealthy philanthropist gave a whopping $50 million to the Yale School of Engineering & Applied Sciences. His biggest donation ever, $60 million, Malone gave to Hopkins School for a construction of two new buildings. One will be named after his father and other after his favorite teacher. That is not all. In 2014, Malone donated $42.5 million to Colorado State University to help them in stem cell research.
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