The owner of Advance Publications, an American billionaire and philanthropist Donald Newhouse’s net worth, is a staggering $11.1 billion.
Donald controls Advance Publications, which his late father founded in 1922.
Similarly, he owns Condé Nast, the publisher of Vogue, Vanity Fair, and The New Yorker.
Newhouse was born in New York City in 1929 and presently resides there.
Donald Newhouse | Quick Facts
Let’s delve into the personal details of the iconic Donald Newhouse.
|Full name Donald||Donald Edward Newhouse|
|Celebrated As||Donald Newhouse|
|Date of Birth||November 7, 1929|
|Place of Birth||New Jersey|
|Siblings||Samuel Irving Newhouse Jr. (brother)|
|Father||Samuel Irving Newhouse Sr.|
|Children||Katherine Irene Newhouse (Daughter),
Michael Andrew Newhouse (Son),
Steven O. Newhouse (Son)
|Social Media||Not Active|
|Hair Color||Salt and Pepper|
|Education||Elite Horace Mann high school
President, Advance Publications
|Net Worth||$11.1 Billion|
|Last Update||December 2023|
Donald Newhouse | Net Worth and Income
The owner of Advance Publications, an American billionaire Donald Newhouse’s net worth, is a whopping $11.1 billion.
Both Samuel Newhouse Jr. (his brother) and Donald co-inherited their father’s business after his death.
He currently is the 128th wealthiest man in the world.
Advance Publications holds a total market valuation of more than $10 billion, dwarfing the reputed $1 billion value of his other company Conde.
The company gains fortunes from magazines like Vogue, Vanity Fairs, and The New Yorkers.
Net Worth of Donald Newhouse in Different Currencies
Here is Donald Newhouse’s net worth in different currencies:
|Euro||€ 10.58 Billion|
|Pound Sterling||£ 9.22 Billion|
|Australian Dollar||A$ 16.05 Billion|
|Canadian Dollar||C$ 14.38 Billion|
|Indian Rupee||₹ 866,367,765,000|
Donald Newhouse | Houses and Cars
As of December 2023, Donald Newhouse’s net worth is $11.2 billion.
Donald’s primary dwelling is in New York City.
He also owns a home in Lambertville, New Jersey, where he is the richest man.
He frequently visits his estate in New Jersey on weekends.
Donald is quite a private guy and never flaunts his riches. However, given his enormous fortune, it’s safe to say that he is chauffeured around in some of the fanciest cars the market offers.
Donald Newhouse | Lifestyle
Donald Newhouse was born in New York in the year 1930.
Born and brought up in the Upper-middle class in New York City, he had an easy and fulfilled childhood.
He and his brother were handed over the company by their father, which they both ran quite efficiently and brought it to a new level.
Newhouse is a very hardworking, kind, generous, and relaxed person.
According to NJ.com, Donald is the wealthiest resident of the state of New Jersey.
Newhouse is Jewish and, in 2010, was listed on the Jerusalem Post’s list of the world’s 50 richest Jews.
Samuel Irving Newhouse Sr., his father, was born on Manhattan’s Lower East Side and started the family’s media business.
Mitzi Epstein, his mother, was a philanthropist and arts patron who grew up in an upper-middle-class Upper West Side household as the daughter of a silk tie importer.
Donald was married to Susan Newhouse in the year 1955.
She was noted for her humanitarian work and as the chairperson of Fresh Air Fund until she died in 2015.
According to family members, she had progressive aphasia, a neurological illness in which a person loses their capacity to speak and communicate due to brain injury.
He was devastated by Susan’s death as they had been married for more than 50 years.
Donald Newhouse is the father of three children, two sons and one girl; Katherine Irene Newhouse (Daughter), Michael Andrew Newhouse (Son), and Steven O. Newhouse (Son).
He is also the grandfather of 6 children, namely Sarah, David, Robert, Kate, Alex, and Andrew.
Donald Newhouse | Charity
An American billionaire Donald Newhouse’s net worth as of December 2023 is an enormous $11.1 billion.
The following year, he and his wife Susan announced that they would donate $20 million to the Association for Frontotemporal Degeneration.
In 2004, Donald and Susan made a significant donation to Susan’s alma mater, Wellesley College.
Donald Newhouse contributed $100 million to his ‘Alma Mater, Syracuse University’s S.I Newhouse School of Public Communications, in January 2020.
Donald Newhouse | Career
As of December 2023, Donald Newhouse’s net worth is $11.1 billion.
While people may not be familiar with the term “Advance Publications,” it is almost certain to be familiar with at least one of the companies and publications that come under its ownership.
Newhouse’s present position on Forbes magazine’s list of America’s wealthiest individuals is one of his many achievements.
As of this writing, he is ranked 128th on the list, courtesy of his father Samuel’s media empire.
Donald’s Advance Publications also has substantial stakes in Discovery Communications and the social news site Reddit.
Advance Publication formerly lacked a corporate headquarters but has recently established one at One World Trade Center in Manhattan.
According to Forbes, it was the 221st largest privately owned firm in the United States as of November 2019.
Some Interesting Facts About Donald Newhouse
- Newhouse has spent most of his life in New York City, where he was born and raised.
- Donald presides over newspapers in more than 25 U.S. cities.
- He assisted in raising funds for the humanities center at Wellesley College.
How does Donald Newhouse spend his money?
Donald Newhouse has spent some money on real estate and charity work.
What had Donald Newhouse done for society?
Donald has donated more than $20 million to Combat Dementia and Association for Frontotemporal Degeneration.
Who is the richest family in the world?
Walton family is the richest family in the world, with a total net worth of $240 billion.