#39 Samuel Newhouse Jr
$8.0 billionSource: publishing
Son of Sam Newhouse, Russian immigrant's son who turned Bayonne Times into Advance Publications, nation's largest privately owned newspaper chain. With brother Donald took over after father's death 1979; expanded and diversified into cable television. Now own Bright House Cable (2.4 million subscribers). Combining stakes in Discovery Channel and Animal Planet into new publicly traded company later this year. Si heads magazines via Conde Nast (New Yorker, Vanity Fair, Vogue). Sales: $5 billion. Estimated net margins: 5%. Personally hand-counts ad pages in Conde magazines, competitors. Delights in controversies; said to be pleased with the recent uproar over a satirical illustration on cover of New Yorker featuring Barack Obama in terrorist garb fist-bumping his wife while the American flag burns in the fireplace. Tepid online presence: Conde Nast sites used mainly to sell subscriptions. Recently created joint venture with Associated Press to deliver content on iPhones. Duo owns stunning art collection, which includes Rubens, Johannes Lingelbach.
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