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# Si Newhouse

Random fact: Retired from day-to-day operations in 2012.

Overview

Newhouse was chairman of Advance Publications, a closely held media company he controlled with his brother. The New York-based business has newspapers in more than two dozen American cities, interests in cable systems and programming and, through Conde Nast, publishes magazines that include Vanity Fair and the New Yorker. He died Oct. 1, 2017.

As of Feb. 24, 2018:
Last change ()
YTD change ()
Industry Media & Telecom
Biggest asset N/A
Citizenship United States
Age 89
Wealth Inherited
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Relative Value

Si Newhouse's net worth of can buy ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

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Net Worth Summary

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Biography

Birthdate: 11/8/1927
Family: Married, No children

Father Sam bought an ailing newspaper in Staten Island in 1922. He turned it around and built the Advance newspaper chain into one of the largest in the U.S. Oldest son Si attended a private boys school in the Bronx, working summers at his father's newspapers. He enrolled at Syracuse University in 1945 where he wrote for the school paper, the Daily Orange. He dropped out after two years.

After a brief stint in the Air Force, Newhouse went to work for his father. While newspapers provided steady work, he found his true calling in magazines after his father purchased Conde Nast Publications in 1959. He made his first mark at Vogue, where he served as publisher, and then as chairman of the entire magazine unit.

After his father's death in 1979, Newhouse and his younger brother Donald took charge of the family business. Si focused on magazines; Donald ran the newspaper group. Over the years, Newhouse built a reputation as a ruthless manager, albeit one with a keen sense for the public's taste. He hired high-profile editors and lavished them with perks and rich pay packages, only to dismiss them in equally high-profile manners.

He revived Vanity Fair in the early 1980s, bringing in celebrity editors Tina Brown and Graydon Carter, who transformed the glossy into one of the most talked about magazines in the world.

The Newhouses have been enduring the downturn in the print publishing business since 2008. The company has closed half a dozen magazines, including old stalwarts such as Gourmet and House & Garden, and has made big cuts on the newspaper side, including reducing the frequency of an award-winning daily broadsheet, the New Orleans Times-Picayune.

A collector of modern and contemporary art, Newhouse lived in Manhattan with his wife, Victoria. He died Oct. 1, 2017.

Milestones
  • 1927 Samuel Irving Newhouse Jr. is born.
  • 1959 Father Samuel I. Newhouse Sr. buys Conde Nast Publications.
  • 1973 Marries second wife, Victoria de Ramel.
  • 1975 Becomes chairman of Conde Nast.
  • 1979 Father dies at age 84; Si takes reins of the company.
  • 1983 Begins publishing Vanity Fair, which had been shuttered since 1936.
  • 1985 Buys the New Yorker; appoints Tina Brown editor seven years later.
  • 1994 Promotes controversial New Yorker editor Steve Florio to CEO.
  • 1998 Buys technology magazine, Wired, for $25 million.
  • 2009 Closes Portfolio Magazine after costs ballooned.