How rich is Philip Anschutz?
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Philip Frederick Anschutz (/crazy/ “AN-shoots”; created December 28, 1939) is an American entrepreneur. Anschutz bought out his dad’s drilling firm, Circle A Drilling, in 1961 and brought in substantial yields in Wyoming. He’s invested in stocks, real estate and railways. Then he started investing in amusement businesses, co-founding Major League Soccer along with multiple teams, such as the Los Angeles Galaxy, Chicago Fire, Houston Dynamo, San Jose Earthquakes, as well as the New York / New Jersey Metro Stars. Anschutz owns positions in the Los Angeles Lakers, Los Angeles Kings, and places such as the Staples Center, O2 Arena, as well as the StubHub Center. Anschutz also invests in family films like “The Chronicles of Narnia.” Forbes rates him the 38th richest man in the U.S. with an estimated net worth of $10 billion as of 2013.
He continued to vehemently deny any wrongdoing but offered to give a total of $4.4 million to settle the case as long as he picked the receiver organizations in advance. Anschutz paid $100,000 to each of 32 New York not-for-profit philanthropic groups that he picked, as well as $200,000 to each of six law schools he additionally pre-picked. The payment was about equivalent to his gain in the custom of IPO “spinning”, so he really suffered no punishment. The U.S. Securities and Exchange Commission and the U.S. Department of Justice widely investigated Qwest officials, and decided that there was no reason for taking actions against any board member.