John Kluge Net Worth is$6.5 Billion
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Profession: Entrepreneur, Businessperson
Date of Birth: Sep 21, 1914
Nicknames: John Werner Kluge
Country: United States of America, Germany
John Kluge was born in Germany and has an estimated net worth of $6.5 billion dollars. At one point, John Kluge was the richest man in the world. A businessman and media mogul, he was the Chairman of Metromedia, a media conglomerate with broadcasting, television, radio, advertising, and restaurant divisions operating domestically and internationally. In the late 80's, Kluge sold his broadcasting studios to the Fox Televison Network, and shifted his focus to the international market. He passed away in late 2010.
John Werner Kluge (September 21, 1914 - September 7, 2010) was a German-born American entrepreneur who was at one time the richest person in America. He was best known as a television industry mogul in the United States.
Kluge was born in Chemnitz, Germany and emigrated to the United States in 1922. He earned his B.A. degree in economics from Columbia University in 1937. Prior to attending Columbia University, Kluge went to Wayne State University for two years.
Kluge's major move into media was by purchasing stock in the Metropolitan Broadcasting Corporation in the mid-1950s. The Metropolitan Broadcasting Corporation was the successor of the DuMont Television Network, which was spun off from DuMont Laboratories after the television network ceased operations in 1956. Metropolitan Broadcasting consisted of two stations, WABD in New York City and WTTG in Washington, D.C., both former DuMont outlets now operating as independent stations. Kluge joined the company as its board chairman and largest stockholder in 1958, acquiring the bulk of his shares from founder Allen B. DuMont for about USD $6,000,000.
After gaining control in 1959, Kluge began the company's expansion further into broadcasting, with holdings in television and radio. In the early 1960s, Kluge bought an outdoor advertising firm, and in 1961 the company's name was changed to Metromedia to reflect the diversity of its interests.
In 1986, Kluge sold the Metromedia television stations to the 20th Century Fox film studio, which is now controlled by Rupert Murdoch's News Corporation, for a reported USD $4 billion. Those stations would later form the core of what would become the Fox television network. The following year, Forbes Magazine placed Kluge at the top of its list as the richest man in America.
In retaliation for a lawsuit brought by Paul Winchell, who sought the rights to his children's television program, "Winchell-Mahoney Time", Metromedia management, under orders from Kluge, destroye

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John Kluge Latest News

Tour John Kluge's Palm Beach Estate That Sold for $39M

Esure insurance founder Peter Wood just dropped $39 million for late billionaire John Kluge's former mansion in Palm Beach, according to the Wall Street Journal. The beachfront home was listed for $59 million since 2011 and sits on 4.3 acres with 150 feet ...
Posted: April 12, 2016, 5:16 am

Kluge v. Trump: Lawsuit alleges land-deal fraud

John Kluge, Jr. wants his land back. That would be the 217-acre front yard of Albemarle House, the mansion his mother, winemaker Patricia Kluge, lived in until the bank foreclosed on the property in 2011. Both land and mansion are now owned by Donald Trump.
Posted: April 18, 2013, 9:53 am

Billionaire John Kluge's daughter sued by ex-boyfriend 'after she dumped him and kicked him out of their home'

Kluge, 41, is the daughter of the late Metromedia mogul John Kluge, who was once the richest man in the U.S., worth as much as $12 billion. Her ex-boyfriend of four years, art dealer Jayme Rosenthal, claims he took care of Kluge and her young son Jack ...
Posted: May 7, 2012, 1:04 am
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