Philip Frederick Anschutz (// AN-shoots; born December 28, 1939) is an American billionaire businessman who owns or controls many companies in a variety of industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and music. In 2004, he purchased the parent company of the Journal Newspapers, which under Anschutz's direction became the right-wing tabloid Washington Examiner.
Philip Frederick Anschutz
December 28, 1939
Russell, Kansas, U.S.
|Alma mater||University of Kansas|
|Net worth||US$10.1 billion (July 2020)|
Anschutz was born to Fred and Marian Pfister Anschutz, whose memorial donations established the Anschutz Family Foundation, which has distributed over $50 million to various charitable causes.
In 1961, he bought out his father's oil drilling company, Circle A Drilling, and earned large returns in Wyoming. He invested in stocks, real estate and railroads. He expanded his investments to sports and entertainment companies, co-founding the American association football/soccer league Major League Soccer as well as multiple soccer teams, including the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, and the New York/New Jersey MetroStars. Anschutz is the principal owner of the National Hockey League's Los Angeles Kings and is a minority owner of the National Basketball Association's Los Angeles Lakers. He also owns stakes in performance venues, including the Staples Center, The O2, London, and the Dignity Health Sports Park. Through his ownership of Walden Media, he has invested in films such as The Chronicles of Narnia, Ray, and Joshua. Through AEG Live, he owns the Coachella Valley Music and Arts Festival, Sea Island Resorts and The Broadmoor hotel in Colorado. He is also the namesake of CU Anschutz, the medical campus of the University of Colorado.
Anschutz was born in Russell, Kansas, the son of Marian (née Pfister) and Frederick Benjamin Anschutz.  His father was an oil tycoon and land investor who invested in ranches in Colorado, Utah and Wyoming, and eventually went into the oil-drilling business. His grandfather, Carl Anschutz, was an ethnic German who emigrated from Russia and started the Farmers State Bank in Russell. Anschutz grew up in Russell (where he lived near Bob Dole), Wichita, and Hays, Kansas. In later years, Anschutz contributed to Dole's political campaigns.
In 1970, Anschutz bought the 250,000-acre (1,000 km²) Baughman Farms, one of the country's largest farming corporations, in Liberal, Kansas, for $10 million. The following year, he acquired 9 million acres (36,000 km²) along the Utah-Wyoming border. This produced his first fortune in the oil business. In the early 1980s, the Anschutz Ranch, with its billion-barrel (160,000,000 m³) oil pocket, became the largest oil field discovery in the United States since Prudhoe Bay in Alaska in 1968. In 1982 Anschutz sold an interest in it to Mobil Oil for $500 million.
Anschutz then moved into railroads and telecommunications before venturing into the entertainment industry. In 1999, Fortune magazine compared him to the 19th-century tycoon J.P. Morgan, as both men "struck it rich in a fundamentally different way: they operated across an astounding array of industries, mastering and reshaping entire economic landscapes."
Rail and petroleum businessesEdit
In 1984, Anschutz entered the railroad business by purchasing the Rio Grande Railroad's holding company, Rio Grande Industries. In 1988, the Rio Grande railroad purchased the Southern Pacific Railroad under his direction. With the merger of the Southern Pacific and Union Pacific Corporation in September 1996, Anschutz became Vice-Chairman of Union Pacific. Before the merger, he was a director of Southern Pacific from June 1988 to September 1996, and non-executive chairman of Southern Pacific from 1993 to September 1996. He was also a director of Forest Oil Corporation beginning in 1995. In November 1993 he became Director and Chairman of the Board of Qwest, stepping down as a non-executive co-chairman in 2002 but remaining on the board. He has also been a director for Pacific Energy Partners and served on the boards of the American Petroleum Institute, in Washington, D.C. and the National Petroleum Council in Washington, D.C.
In May 2001, the Bush administration upheld Anschutz's right to drill an exploratory oil well at Weatherman Draw in south-central Montana where Native American tribes wanted to preserve sacred rock drawings. Environmental groups, preservationists, and ten Native American tribes appealed the decision without success. In April 2002, the Anschutz Exploration Corporation gave up its plans to drill for oil in the area. They donated its leases for oil and gas rights to the National Trust for Historic Preservation, which has pledged to let the leases expire, and the Bureau of Land Management said it had no plans to permit further leases there and would consider formal withdrawal of the 4,268-acre (17 km²) site from mineral leasing in its 2004 management plan. In recognition of its preservation efforts, The National Trust for Historic Preservation presented its President's Award to the Anschutz Exploration Corporation.
In May 2003, New York Attorney General Eliot Spitzer reached a settlement with Anschutz after filing a civil complaint accusing Anschutz of accepting IPO shares from Salomon Smith Barney in exchange for Qwest's investment banking business. Anschutz denied any wrongdoing but volunteered to donate a total of $4.4 million to settle the case as long as he selected the recipient organizations in advance. Anschutz paid $100,000 to each of 32 New York nonprofit philanthropic groups, as well as $200,000 to each of six law schools. In return, Spitzer dropped his civil suit. The payment was roughly equal to his profit from the practice of IPO "spinning"; thus, he actually suffered no penalty. Spitzer's suit was panned in a Wall Street Journal editorial headlined "The Anschutz Ransom". The U.S. Securities and Exchange Commission and the U.S. Department of Justice extensively investigated Qwest officials and determined there was no justification for taking action against any board member. The Denver Post summarized the implications for Anschutz: "Not only is Qwest founder and board member Philip Anschutz not a defendant in the long-awaited civil case against the regime of former Qwest chief executive Joe Nacchio, he doesn't even merit a mention in the 50-page complaint."
In February 2006, the Denver Rocky Mountain News reported that Anschutz would not run for reelection to the boards of Qwest and Union Pacific and would resign from the board of Regal Entertainment Group so as to focus on his other investments.
On June 24, 2008, it was announced that Anschutz would buy Xanterra Parks and Resorts, which had purchased the Grand Canyon Railway in 2007. In 2011, it was announced that Anschutz had purchased the Oklahoma Publishing Company, and as part of their assets The Broadmoor and the Manitou and Pike's Peak Railway in Colorado Springs and Manitou Springs respectively.
Effective August 1, 2010, Xanterra Parks and Resorts purchased and assumed management of Kingsmill Resort. Xanterra purchased the resort from Busch Properties, Inc. (BPI).
Entertainment – Anschutz Entertainment GroupEdit
The Anschutz Entertainment Group (AEG) is a sporting and music entertainment presenter and a subsidiary of The Anschutz Corporation. It is the world's largest owner of sports teams, sports events, and sports venues. It is also the owner of entertainment venues and under AEG Live the world's second-largest presenter of live music and entertainment events after Live Nation. Through AEG Live, it owns the Coachella Valley Music and Arts Festival.
In 2012, SportsBusiness Journal named Anschutz the fifth most influential person in sports business in its annual survey of the "50 Most Influential People in Sports Business."
Anschutz is one of only four recipients of the National Soccer Hall of Fame's Medal of Honor for his contributions to growing the sport of soccer in the United States. In 2006 SportsBusiness Journal ranked Anschutz the most influential person in soccer in the U.S. Anschutz was one of the founders of Major League Soccer and owned several teams for periods of time, including the Los Angeles Galaxy, Chicago Fire, Colorado Rapids, Houston Dynamo, San Jose Earthquakes, D.C. United, and the New York/New Jersey MetroStars. He owns a stake in the Dignity Health Sports Park, the stadium for the MLS team LA Galaxy and former MLS team Chivas USA. For some time, while MLS was struggling, Anschutz owned six MLS franchises concurrently and experienced significant financial losses. For this reason, Anschutz has been called the man who saved MLS. MLS Commissioner Don Garber stated in 2006 that "without Phil Anschutz, there's no MLS today."
Anschutz was instrumental in several MLS initiatives that have grown the league's revenues and profits. For example, he pushed for the building of soccer-specific stadiums, allowing MLS teams to increase revenue and better control costs. Anschutz also advocated for MLS's creation of Soccer United Marketing, the league's sales and marketing arm. He has since sold his stake in the Chicago, Denver, Houston, New York, San Jose and D.C. MLS teams and now owns only the Galaxy.
Anschutz is the principal owner of the Los Angeles Kings and a minority owner of the Los Angeles Lakers. Through ASM Global (formerly AEG), he owns stakes in venues including the Staples Center and O2 Arena.
Other business venturesEdit
Anschutz has had several other business ventures, including Forest Oil, Pacific Energy Group, Union Pacific Railroad (he is the company's largest shareholder, with a 6% stake), and the Regal Entertainment Group, the second largest movie theater chain in the world, with approximately 7,000 screens. Anschutz owns more than half of the company, and multiple newspapers and media groups.
Anschutz has invested in, for example, the Clarity Media Group, a Denver-based publishing group that includes newspapers such as The Oklahoman, the largest newspaper in Oklahoma; The San Francisco Examiner (purchased in 2004, sold in November 2011); The Washington Examiner, a right-wing weekly tabloid that was consolidated from group of D.C.-area suburban dailies; The Baltimore Examiner, which launched in April 2006 and was shut down in early 2009; the now-closed Examiner.com, a hyper-local web portal where contributors wrote on local topics from news to blog-like stories; the conservative Weekly Standard (purchased in 2009); and The Gazette, Colorado's second-largest newspaper, with a daily circulation of 74,172 (purchased on November 30, 2012) (Anschutz has trademarked the name "Examiner" in more than 60 cities.)
On December 14, 2018, Anschultz executed the closure of The Weekly Standard and fired all its employees. Editor in Chief Stephen Hayes had initially been cleared to find a buyer but after a venture capital firm agreed to broker any future deal, Anschutz withdrew permission and decided to effectively kill the company in order to harvest its subscribers.
Anschutz invested in both the Oil & Gas Asset Clearinghouse, an auction company designed for the oil & gas business, and NRC Broadcasting, which owns a string of radio stations in Colorado. The Anschutz Investment Company also purchased LightEdge Solutions in February 2008. LightEdge is a business-to-business hosted services provider focused on Wide-Area-Networking, Voice-over-IP, Hosted Microsoft applications (Exchange, OCS, SharePoint), hosted servers/storage collocation cage and rackspace and Business Continuity Services.
It was announced on September 15, 2011, that Anschutz would acquire all assets of the Oklahoma Publishing Company (OPUBCO) from the Gaylord and Dickinson families. Upon closing, Anschutz would operate OPUBCO separately from his other publishing and media assets as an independent company. Closing was expected in October 2011. In March 2012, it was reported that Anschutz was interested in buying the Rangers. He also invested in the Power Company of Wyoming LLC, formed in 2007 (re-incorporated in 2010) for the purpose of building the Chokecherry and Sierra Madre wind power complex in Carbon County, Wyoming, comprising up to 1,000 wind turbines with up to 3,000 megawatts of capacity. It will be sited on 229,077 acres, about half federal, about half privately owned by an affiliate, and a smattering of state lands. According to the Bureau of Land Management, which on July 2, 2012, announced completion of the project's final Environmental Impact Statement, "Chokecherry and Sierra Madre are two distinct sites approximately five miles apart which are both being analyzed together. When combined, they comprise the largest commercial wind generation facility proposed in the U.S. and one of the largest in the world." Construction is expected to start in 2013, and cost an estimated $4 billion-$6 billion."
Political and religious activismEdit
Anschutz supported the Parents Television Council, a group that protests against television content that they consider indecent. He also financed and distributed films with Christian themes for mass audiences (through his two film production companies and ownership of much of the Regal, Edwards and United Artists theater chains) such as Amazing Grace and The Chronicles of Narnia: The Lion, the Witch and the Wardrobe. He financed The Foundation for a Better Life. In 2009, Anschutz purchased the conservative American opinion magazine The Weekly Standard from Rupert Murdoch's News Corporation. In 2010, he financed the pro-charter school film Waiting for Superman. In 2012, he financed the pro-parent trigger film Won't Back Down.
Anschutz has donated to conservative causes and groups that are pro-family and pro-life. Anschutz contributed $1 million to conservatives during the 2016 U.S. elections, and $200,000 to Republican politicians and political action committees during the 2017 elections. In 2018, he donated $1 million to support the Elton John AIDS Foundation LGBT Fund.
Anschutz is one of the world's richest people and has been an active philanthropist. He was listed 41st on the Forbes 400 list in October 2019, with a net worth of $11.5 billion. He heads the Anschutz Foundation.
Anschutz and his wife have contributed over $100 million to the new medical, dental, nursing, and pharmacy campus of the University of Colorado School of Medicine in Aurora, Colorado, now named the Anschutz Medical Campus in their honor. The land came from the recently closed Fitzsimons Army Medical Center, but millions were needed for the construction of new medical laboratory buildings and a new University Hospital on the land. They have also donated to the University of Kansas, their alma mater. There is an Anschutz Library and an Anschutz Sports Pavilion. In recognition of their philanthropic efforts, the Anschutzes received the 2009 William E. Simon Prize for Philanthropic Leadership.
Anschutz is somewhat reclusive, preferring to stay out of the limelight. A member of the Evangelical Presbyterian Church, he is a conservative Christian. He and his wife Nancy, whom he met when he was 16, have three children. Anschutz was inducted into the Kansas Business Hall of Fame in 2000 and the U.S. Business Hall of Fame in 2002.
Anschutz has granted only three formal interviews since 1979, and none from the 1980s until 2015. On December 6, 2015, he broke his media silence when he appeared with several of the founders of Major League Soccer to reflect on the league's 20th anniversary. Anschutz has run 15 marathons.
Awards and HonorsEdit
- "Forbes profile: Philip Anschutz". Forbes. Archived from the original on August 9, 2017. Retrieved July 25, 2020.
- "The Forbes 400 2020: The Richest People in America". Forbes. Archived from the original on October 7, 2019. Retrieved September 9, 2020.
- "chemistrydaily Resources and Information". Chemistrydaily.com. Archived from the original on September 14, 2016. Retrieved April 8, 2017.
- "Denver Post: Archive Results". Archived from the original on February 19, 2014. Retrieved May 21, 2012.
- Lutz, Catherine (April 2, 2012). "The Aspen 50 – Forbes billionaires in Pitkin County". Aspen Business Journal. Archived from the original on January 13, 2017. Retrieved January 12, 2017.
- "Sue Anschutz-Rodgers". Colorado Women's Hall of Fame. 2016. Archived from the original on November 13, 2016. Retrieved January 12, 2017.
- A Standard History of Kansas and Kansans, by William E. Connelley Archived May 28, 2013, at the Wayback Machine Accessed March 2013.
- Contemporary Honors Award Recipient Philip Anschutz Archived January 13, 2015, at the Wayback Machine, Kansas Business Hall of Fame, February 2000
- "The real king of the Los Angeles Kings: mystery billionaire Philip Anschutz". June 12, 2012. Archived from the original on April 20, 2017. Retrieved April 19, 2017.
- O'Reilly, Brian (September 6, 1999). "Billionaire Next Door Philip Anschutz may be the richest American you've never heard of. But this in many ways ordinary guy is an extraordinary businessman, as we learned when we went hunting for the elusive". CNN. Archived from the original on February 26, 2010. Retrieved May 22, 2010.
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- "Anschutz Group Wins Recognition for Support Award Celebrates Valley of Chiefs Work". Rocky Mountain News. February 11, 2003. Archived from the original on February 9, 2017.
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- WSJ Review and Outlook, May 15, 2003.
- "Anschutz not named in lawsuit ... No indication action is pending". nl.newsbank.com. Archived from the original on April 8, 2014. Retrieved February 9, 2012.
- Dead link at rockymountainnews.com.
- Whitehurst, Patrick (June 24, 2008). "New ownership for Xanterra, GC Railway". Williams News. Archived from the original on July 18, 2011. Retrieved June 25, 2008.
- "Anschutz Buys Manitou & Pikes Peak". DRGW.Net. September 19, 2011. Archived from the original on November 15, 2012. Retrieved March 29, 2012.
- Markazi, Arash. Potential AEG sale raises questions Archived September 20, 2012, at the Wayback Machine. ESPN, September 18, 2012.
- "Anschutz Says Luring NFL Team Is Priority After Ending AEG Sale". March 15, 2013. Archived from the original on January 7, 2017. Retrieved April 19, 2017 – via www.bloomberg.com.
- "50 Most Influential: 2-10 - SportsBusiness Daily | SportsBusiness Journal | SportsBusiness Daily Global". SportsBusiness Daily. Archived from the original on February 8, 2017. Retrieved April 8, 2017.
- Sports Business Journal, Soccer’s visionary: Phil Anschutz, June 5, 2006, http://www.sportsbusinessdaily.com/Journal/Issues/2006/06/20060605/SBJ-In-Depth/Soccers-Visionary-Phil-Anschutz.aspx Archived February 23, 2014, at the Wayback Machine
- Sports Business Journal, The 20 Most Influential People in Soccer, June 5, 2006, http://m.sportsbusinessdaily.com/Journal/Issues/2006/06/20060605/SBJ-In-Depth/The-20-Most-Influential-People-In-Soccer.aspx Archived February 23, 2014, at the Wayback Machine
- "How Philip Anschutz Made Billions Seeing What Others Missed". The Motley Fool. July 20, 2015. Archived from the original on August 7, 2015. Retrieved August 12, 2015.
- SB Nation, The Two Sides of Phillip Anschutz: An American Soccer Savior With a Disturbing Social Agenda, November 10, 2011, http://www.dynamotheory.com/2011/11/10/2551015/the-two-sides-of-phillip-anschutz-houston-dynamo-la-galaxy-mls-cup-2011 Archived February 20, 2014, at the Wayback Machine
- TropiGol Sports, Anschutz saved MLS from extinction, September 19, 2012, "Archived copy". Archived from the original on June 28, 2013. Retrieved June 25, 2013.CS1 maint: archived copy as title (link)
- Harden, Mark (May 8, 2008). "Anschutz's Clarity Media launches Sunday papers in 3 cities". www.bizjournals.com. Archived from the original on July 11, 2019. Retrieved April 25, 2020.
- Corcoran, Michael. "The Weekly Standard’s War: Murdoch sells the magazine that sold the Iraq invasion" Archived September 8, 2012, at the Wayback Machine, Fairness and Accuracy in Reporting, September 2009.
- Avery, Greg (November 30, 2012). "Anschutz buys Colorado Springs Gazette". Denver Business Journal. Archived from the original on December 3, 2012. Retrieved November 30, 2012.
- "The Anschutz Co. buys Des Moines firm" Archived June 29, 2011, at the Wayback Machine, Denver Business Journal, March 25, 2008, accessed March 10, 2011
- "Power Company of Wyoming: Chokecherry and Sierra Madre Wind Energy Project". Archived from the original on August 13, 2012. Retrieved July 5, 2012.
- "Business Entity Detail - Wyoming Secretary of State". Archived from the original on March 3, 2016. Retrieved July 5, 2012.
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- "BLM project map, accessed 2012/07/05". Archived from the original on September 20, 2012.
- "BLM. Chokecherry & Sierra Madre Wind Energy Project Final EIS, Volume II, Chapter 1, page 4" (PDF). Archived from the original (PDF) on October 25, 2012. Retrieved July 5, 2012.
- "Chokecherry and Sierra Madre project description pdf, accessed 2012/07/05". Archived from the original on July 18, 2012.
- Clark, Justin, "Citizen Anschutz: How the conservative Christian head of Regal Cinemas is trying to change how you see movies" Archived May 15, 2006, at the Wayback Machine, Nerve.com, March 23, 2006.
- "Billionaire Anschutz May See Redemption With 'Narnia'". Forbes. Archived from the original on September 1, 2019. Retrieved July 21, 2020.
- "Weekly Standard sold to Washington Examiner parent company"[permanent dead link], Washington Examiner, June 17, 2009.
- Substance News, October 28, 2010 http://www.substancenews.net/articles.php?page=1746 Archived July 14, 2014, at the Wayback Machine
- Josh Eidelson, "Walmart, Right-Wing Media Company Hold Star-Studded Benefit Promoting Education Reform Film" In These Times, August 13, 2012, http://www.inthesetimes.com/working/entry/13643/walmart_anschutz_teachers_rock_wont_back_down_union_parent_trigger_viola_da/ Archived August 16, 2012, at the Wayback Machine
- "How Does Coachella's Problematic Owner Secure Openly-Liberal Artists?". PAPERMAG. January 3, 2018. Archived from the original on January 5, 2018. Retrieved January 4, 2018.
- "Coachella owner personally gave $187,300 to Republican candidates and Super PACs in 2017" Archived January 5, 2018, at the Wayback Machine Fader. Retrieved January 4, 2018.
- "Elton John AIDS Foundation". newyork.ejaf.org. Archived from the original on August 19, 2015. Retrieved May 20, 2018.
- Philip Anschutz's Philanthropy page Archived December 30, 2010, at the Wayback Machine. Faces of Philanthropy, accessed December 23, 2010.
- "Forbes Billionaires 2020". Forbes. Archived from the original on November 29, 2014. Retrieved July 23, 2020.
- "Anschutz Library celebrates 25th anniversary | Libraries". lib.ku.edu. Archived from the original on July 23, 2020. Retrieved July 23, 2020.
- Jonathan Last, "Pass It On" Archived April 15, 2012, at the Wayback Machine, Philanthropy Roundtable, Fall 2009.
- Gilpin, Kenneth N. (October 4, 1984). "BUSINESS PEOPLE – BUSINESS PEOPLE – Anschutz Founder Shuns Limelight". The New York Times. Archived from the original on March 6, 2014. Retrieved April 1, 2011.
- Raine, George; Strasburg, Jenny (February 20, 2004). "New owner is reclusive, a conservative Christian". SFGate. Hearst Communications, Inc. Archived from the original on August 31, 2019. Retrieved August 31, 2019.
- "Philip Anschutz: The Westerner" The Independent, July 8, 2006. Retrieved from Internet Archive June 30, 2016
- "Contemporary Honors Award Recipient 2000 - School of Business | Emporia State University". www.emporia.edu. Archived from the original on October 9, 2015. Retrieved December 7, 2015.
- "Junior Achievement U.S. Business Hall of Fame". Archived from the original on May 24, 2012.
- Gordon, Philip. "Phil Anschutz's conservative agenda". Politico. Archived from the original on May 10, 2015. Retrieved April 8, 2017.
- MLS founders reflect on 20 years of Major League Soccer Archived May 31, 2016, at the Wayback Machine. Major League Soccer, December 6, 2015.
- "Bloomberg Billionaires Index - Phil Anschutz". Bloomberg.com. Archived from the original on August 9, 2017. Retrieved August 8, 2017.
- "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement. Archived from the original on December 15, 2016. Retrieved August 13, 2020.
- "The Man Behind the Curtain", Forbes, 2010-11-08.
- "Philip Anschutz, Chairman and CEO, The Anschutz Corporation, Denver, CO", The Horatio Alger Association of Distinguished Americans.
- Bruck, Connie, "The Man Who Owns LA", The New Yorker, January 16, 2012.
- Philip Anschutz at IMDb