Samuel Newhouse Net Worth is$6.2 Billion
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Profession: Businessperson
Date of Birth: Oct 18, 1853
Country: United States of America
Samuel Newhouse was born in New York and has an estimated net worth of $6.2 billion dollars. The current chairman and CEO of Advance Publications, Samuel Newhouse inherited the business from his father. Advance Publications is the umbrella corporation for Conde Nast Publications, which publishes such magazines and periodicals as Vogue and The New Yorker.
Samuel Newhouse (October 18, 1853 - September 22, 1930) was a Utah entrepreneur and mining magnate.
He was born in New York City of European Jewish immigrant parents and grew up in Pennsylvania. He studied law there before going to Colorado in 1879. In Leadville, he became involved in the freighting business.
In 1883, he married Ida Stingly, whose mother ran a local boarding house. She was 16 at the time. While they ran a hotel in Leadville, Samuel acquired mining properties in Ouray, Colorado. He later sold these for several million dollars and moved to Denver, where he became a speculator and promoter, with extensive contacts back East and in Europe.
In 1896, he moved to Utah, where partnering with Thomas Weir, he became instrumental in securing English investment in the fledgling copper mining operation in Bingham canyon, which later became the great Bingham Canyon Mine. He also developed silver mining in the San Francisco Mountains near Beaver, Utah, investing approximately $2 million to build a mine, mill and develop the town of Newhouse, named after himself. He was instrumental in driving the Newhouse Tunnel (now called the Argo Tunnel), a major mine drainage tunnel in Idaho Springs, Colorado.
He maintained residences on Long Island and in London and a chateau in France outside of Paris, but he preferred living in Salt Lake City, where he developed a large tract of downtown, trying to shift the center of town four blocks south from Temple Square. He built the city's first skyscrapers (11 stories), the Boston and Newhouse buildings.
Utah History Encyclopedia: Samuel Newhouse

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Samuel Newhouse Latest News

Reign of a magazine legend is ending with a Si

It is also the first time since the company was purchased by Si’s father, Samuel Newhouse, in 1959 for $5 million — supposedly as a gift to his wife, Mitzi — that no Newhouse is involved in day-to-day operations. Si took over as chairman running the ...
Posted: December 21, 2013, 1:45 am

Samuel I. Newhouse Foundation's $1 million donation will aid Red Cross relief efforts

STATEN ISLAND, N.Y. -- The Samuel I. Newhouse Foundation Friday announced it is donating $1 million to the American Red Cross to assist with Hurricane Sandy disaster relief in New York, New Jersey and Delaware. The Newhouse Foundation noted many of the ...
Posted: November 2, 2012, 11:20 am

Samuel Newhouse Net Worth

Samuel Newhouse net worth: Samuel Newhouse is an American businessman who has a net worth of $8.8 billion. The current chairman and CEO of Advance Publications, Samuel Newhouse inherited the business from his father. Advance Publications is the umbrella ...
Posted: September 26, 2010, 4:12 am
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