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Frederick Woodruff "Ted" Field (born June 1, 1953[1]) is an American media mogul, entrepreneur and film producer.

Ted Field
Born Frederick Woodruff Field
(1953-06-01) June 1, 1953 (age 64)
Chicago, Cook County, Illinois
Residence Beverly Hills, Los Angeles
Known for Heir to the Field family fortune
Net worth $1.2 billion
Spouse(s) Judy Field (first marriage), Barbara Field (second marriage), Susan Bari Bollman Field (third marriage)
Children Danielle Field (daughter, first marriage), Chantelle Field (adopted daughter, second marriage), Brittany Elise Bollman Field, Candice Lauren Bollman Field, Chelsea Paige Bollman Field (third marriage), also Emily Field and twin boys Hunter Field, Jake Field (Lauren Tracy Tweed, mother)
Parent(s) Marshall Field IV and Katherine Woodruff Field (later Fanning)

He is an heir to the Field family fortune. At $1.2 billion, Field is No. 236 on the Forbes list of the 400 richest people.[2]

Contents

Early lifeEdit

Field was born on June 1, 1953 in Chicago, Cook County, Illinois, the son of Marshall Field IV, who owned the Chicago Sun-Times from 1956 to 1965, and Katherine Woodruff Fanning, who was later an editor of several newspapers.[3]

Field's parents divorced when he was young. Field's mother then married Larry Fanning, who became Field's stepfather. Field, his sisters, his mother and his stepfather moved to Anchorage, Alaska. Field's mother and Larry Fanning purchased the Anchorage Daily News from founder Norman C. Brown in 1967. Larry Fanning died in 1971: Kay Fanning continued to operate the paper until 1979 when she sold it to The McClatchy Company. She remained as publisher until 1983.

CareerEdit

Field's Interscope Racing started off entering Danny Ongais in Formula 5000 in 1975, graduating to USAC racing and the Indianapolis 500 in Parnelli chassis. Field also funded Ongais to make occasional Formula One outings in a Penske during the 1978 season.

Field also backed the construction in 1980 of an Interscope chassis designed by Roman Slobodinskij for the Indianapolis 500. This was intended to take a turbocharged six-cylinder Porsche engine (similar to the one Ongais and Field were using in their Porsche 935) but a dispute with USAC over turbo boost meant the program was abandoned.

In 1982, Field founded Interscope Communications, which produced more than 50 major films. In 1984, Field was a leader of a group that bought movie camera manufacturer Panavision. In 1987, Panavision was sold to Lee International. In 1990, he co-founded Interscope Records. After abruptly leaving Interscope in January 2001, he formed ARTISTdirect Records with the backing of BMG. Ted Field is currently chairman and CEO of Radar Pictures.

Field and Radar Pictures have faced legal action in recent years over allegations of fraudulent misconduct.[4][5][6][7] In December 2016, Field and his company were ordered by a federal judge to assign profits from 11 films, including Sony’s Jumanji: Welcome to the Jungle (2017), to producer Johnny Lin’s Filmula Entertainment to satisfy a breach-of-contract judgment over the failed reboot of Trauma Records.[8]

Personal lifeEdit

From 1984 to 1998, he owned a mansion formerly owned by Howard B. Keck located at 1244 Moraga Drive in the gated community of Moraga Estates in Bel Air, California.[9] He currently resides in Beverly Hills, California.

Filmography (producer)Edit

See alsoEdit

  • Madsen, Axel. The Marshall Fields: The Evolution of an American Business Dynasty. Wiley: 2002.

ReferencesEdit

External linksEdit