American businessman, landowner, and philanthropist (born 1943)
John Carl Malone
(born March 7, 1941) is an American
billionaire
businessman, landowner, and philanthropist. He was
chief executive officer
(CEO) of
Tele-Communications Inc.
(TCI), a cable and media giant, for twenty-four years from 1973 to 1996. Malone is now chairman and largest voting shareholder of
Liberty Media
,
Liberty Global
, and
Qurate Retail Group
(formerly known as Liberty Interactive), and also owns 7% of
Lionsgate
and
Starz Inc.
[1]
[2]
[3]
[4]
He was interim CEO of Liberty Media, until succeeded by former
Microsoft
and
Oracle
CFO
Greg Maffei
.
Malone is ranked as the second largest private landowner in the United States, possessing 2.2 million acres (3,437 square miles), which is more than twice the size of
Rhode Island
. According to
The Land Report's
annual rankings, Malone ranked as the largest landowner in America from 2011 to 2021.
[5]
Early life and education
[
edit
]
John C. Malone was born on March 7, 1941, in
Milford, Connecticut
.
[6]
[7]
His father was Daniel L. Malone, an engineer.
[8]
Malone is of Irish heritage, his family originating in County Cork.
[9]
[10]
[11]
Malone is a Catholic.
[12]
In 1959, Malone graduated from
Hopkins School
in
New Haven
,
Connecticut
. In 1963, he graduated from
Yale University
with a bachelor's degree in electrical engineering and economics,
[13]
where he was a
Phi Beta Kappa
and
National Merit scholar
. In 1964, Malone graduated from
Johns Hopkins University
with a master's degree in industrial management.
[13]
He received a master's in electrical engineering at an NYU program at Bell Labs in 1965 before receiving his PhD in
operations research
at Johns Hopkins in 1967.
[14]
Business career
[
edit
]
In 1963, Malone began his business career at
Bell Telephone Laboratories
of
AT&T
, working in economic planning and research and development. In 1968, he joined
McKinsey & Company
, and in 1970, became group vice president at
General Instrument Corporation
(GI). He was later president of
Jerrold Electronics
, a GI subsidiary. For twenty-four years, from 1973 to 1996, Malone served as president and CEO of
Tele-Communications Inc.
(TCI).
[13]
Malone is on the boards of directors for
Bank of New York Mellon
,
Expedia.com
,
Charter Communications
,
Warner Bros. Discovery
, and
Lions Gate Entertainment Corp
.
[15]
[16]
Malone is chairman emeritus of
Cable Television Laboratories, Inc.
and chairman of
Liberty Global
, Inc., and formerly the
DirecTV Group
.
[14]
His rise to chairman at
Liberty Global
was contentious at times.
In 2005, Malone held 32 percent of the shares in the media company
News Corporation
, and although only about half were voting shares,
Rupert Murdoch
reportedly had concerns that he might lose control of his company to Malone, and tried to oust him from the firm with a "
poison pill
" strategy.
[17]
He was director of the
National Cable & Telecommunications Association
(NCTA) from 1974 to 1977, and again from 1980 to 1993. During the 1977?1978 term, Malone was the NCTA's treasurer.
[14]
In 1992, Malone coined the term
500-channel universe
to describe a future media environment where a vast number of
TV channels
would be available, by eliminating the need for broadcast radio channels as a
scarce resource
.
[18]
In business dealings Malone has been dubbed "Darth Vader", a nickname allegedly given to him by
Al Gore
when Malone was the head of TCI.
[19]
In 1994,
Wired
portrayed Malone on their cover as "Mad Max" from
The Road Warrior
(also known as
Mad Max 2
), with an interview describing his battles with the FCC.
[20]
He is also known as the "Cable Cowboy".
[21]
Bloomberg estimated him to be worth over
US$
9
billion
in May 2021.
[22]
Land ownership
[
edit
]
Malone owns
Silver Spur Ranches
, a ranching and beef company which includes the Silver Spur Ranch in
Encampment, Wyoming
,
Bell Ranch
and the TO Ranch in
New Mexico
, Bridlewood Farm, a thoroughbred breeding, training and racing operation in Ocala, Florida; as well as ranches in
Walden, Colorado
, and
Kiowa, Colorado
.
[7]
[23]
His international real estate holdings include
Humewood Castle
[24]
and
Castlemartin House and Estate
, both in Ireland.
As of 1 February 2011
[update]
, he surpassed
Ted Turner
as the largest individual private landowner in the US, owning 2,200,000 acres (8,900 km
2
) of land, much of which is in
Maine
,
Colorado
,
New Mexico
, and
Wyoming
.
[25]
Malone held the top spot as America's largest landowner for 10 years, according to the 2022 The Land Report's ranking of the top 100 U.S. landowners. In 2021, the ranking listed Malone as the second largest landowner behind the
Emmerson Family
.
[26]
Philanthropy
[
edit
]
In 2000, Malone gave $24 million to the
Yale School of Engineering & Applied Science
in New Haven for the construction of
Yale
's Daniel L. Malone Engineering Center, named in honor of his father.
[8]
In 2011, Malone gave the
Johns Hopkins
Whiting School of Engineering
in Baltimore its largest gift ever of $30 million for a new building on
Homewood Campus
.
[13]
The building will be named Malone Hall.
[27]
In the same year, he gave the Yale School of Engineering & Applied Science's largest gift ever of $50 million.
[8]
Malone has also given $60 million to
Hopkins School
in New Haven to fund the construction of two new buildings, Malone Science Center, named for his father, as well as Heath Commons, named after his favorite Hopkins teacher.
In 2014, Malone and his wife donated $42.5 million to
Colorado State University
to help create their Institute for Biologic Translational Therapies, which aims to develop stem cell and other treatments for animals and people. Of the donation, $32.5 million will pay for half the construction costs and $10 million will go to operational expenses.
[28]
In 2021, the Malones donated $25 million to Maine Medical Center in Portland, Maine, for the hospital’s $534 million capital improvement project. Maine Medical Center will name a new tower for cardiac and vascular services the Malone Family Tower; Leslie Malone recently received cardiac care at the hospital.
[29]
Malone Scholars Program
[
edit
]
In 1997, he established the Malone Family Foundation, which operates the Malone Scholars Program that provides scholarship endowments to certain private schools throughout the United States.
[30]
Personal life
[
edit
]
Malone is married to Leslie, they have two children and live in
Elizabeth, Colorado
.
[31]
[32]
His wife is active in
dressage
and horse breeding and she founded Harmony Sporthorses in
Kiowa, Colorado
.
[33]
In 2008, their son Evan D. Malone joined the board of
Liberty Media
.
[34]
[35]
Malone reportedly shuns the limelight and glamorous lifestyle, taking his family vacations alongside long-time friend Gary Biskup in a
recreational vehicle
.
[36]
[37]
His native Colorado named Malone a "Citizen of the West" in 2016.
[38]
[39]
Malone's political beliefs have been described as
libertarian
.
[40]
He is on the board of directors for the
Cato Institute
. He donated US$250,000 to
Donald Trump
. He also expressed support for
Michael Bloomberg
in the
2020 United States presidential election
.
[41]
References
[
edit
]
- ^
Andreeva, Nellie (March 14, 2016).
"CBS Mulling Acquisition Of Pay Cable Network Starz"
.
- ^
Littleton, Cynthia (March 15, 2016).
"John Malone: 'Cable Cowboy' Faces the Test in Rounding Up the Right Mix of Assets"
. Variety.
- ^
Busch, David Lieberman, Anita (November 10, 2015).
"Lionsgate Strengthens Ties To John Malone: Liberty Global Buy Stakes"
.
{{
cite web
}}
: CS1 maint: multiple names: authors list (
link
)
- ^
Williams, Christopher (November 22, 2015).
"John Malone: the mystery method behind a media empire"
. Daily Telegraph.
- ^
"The Land Report 2022.4 Page 118"
.
editions.mydigitalpublication.com
. Retrieved
September 27,
2023
.
- ^
"Gift from alumnus John Malone to fund engineering building"
. Yale Bulletin & Calendar. Archived from
the original
on April 18, 2009
. Retrieved
November 5,
2011
.
- ^
a
b
Jeff Hull,
Meet the largest landowner in America
,
Fortune
, September 27, 2012
- ^
a
b
c
"SEAS nets $50 million donation"
.
Yale Daily News
. Archived from
the original
on May 30, 2011
. Retrieved
November 4,
2011
.
- ^
Patrick Counihan (December 27, 2012).
"Irish American John Malone pays $10million for luxury Irish estate"
. IrishCentral.
- ^
Peter Flanagan (December 22, 2014).
"US mogul John Malone buys up former Tony O'Reilly estate Castlemartin for €28m"
.
Irish Independent
.
- ^
Kim Bielenberg (April 5, 2014).
"Homecoming of two million acre man John C Malone"
.
Irish Independent
.
- ^
Catholic Online (October 13, 2011).
"Who is America's largest landowner?"
. Catholic Online.
- ^
a
b
c
d
GmbH, finanzen net.
"Sirius XM's $3.5 billion Pandora deal is a bet on the future of streaming ? here's how its largest shareholder, 'cable cowboy' John Malone, came to be worth $9 billion | Markets Insider"
.
markets.businessinsider.com
. Retrieved
April 14,
2020
.
- ^
a
b
c
"Company Overview -?Management"
. Liberty Media
. Retrieved
February 9,
2014
.
- ^
"Leadership: Dr. John C. Malone"
.
Discovery.com
. Discovery, Inc
. Retrieved
November 22,
2019
.
- ^
Kochan, Nick
(2005). "Chapter 2 BoNYGate".
The Washing Machine: How Money Laundering and Terrorist Financing Soils Us
.
Mason, Ohio
:
Cengage Learning
.
ISBN
9781587991592
.
- ^
Trefgarne, George (August 26, 2005).
"Murdoch's son sees pay doubled ahead of exit"
.
The Daily Telegraph
. London.
- ^
"Editorial: Going a la carte is right for cable. | Goliath Business News"
. June 15, 2011. Archived from
the original
on June 15, 2011
. Retrieved
December 18,
2019
.
- ^
Mark Lewis (July 11, 2001).
"Cable's Darth Vader Is Back"
.
Forbes
. Retrieved
February 11,
2009
.
- ^
Kline, David (July 1994).
"Infobahn Warrior"
.
Wired
. Retrieved
November 14,
2010
.
- ^
Graham Rapier (August 10, 2017).
"The amazing life of billionaire 'Cable Cowboy' John Malone, the single largest landowner in the US"
. Business Insider
. Retrieved
August 12,
2017
.
- ^
"Bloomberg Billionaires Index: John Malone"
.
Bloomberg.com
. Retrieved
May 19,
2021
.
- ^
"Silver Spur Ranches"
.
silverspurranches.com
. Retrieved
November 11,
2017
.
- ^
Flynn, Finbarr (May 21, 2013).
"John Malone Buys Irish 'Green Banana' as Castle Prices Fall"
.
Bloomberg
. Retrieved
May 21,
2013
.
- ^
Stebbins, Samuel (November 25, 2019).
"Who owns the most land in America? Jeff Bezos and John Malone are among them"
.
USA Today
. Retrieved
September 6,
2020
.
- ^
"The Land Report 2022.4 Page 118"
.
editions.mydigitalpublication.com
. Retrieved
September 27,
2023
.
- ^
"Liberty's Malone Makes Largest Gift Ever to Whiting School"
.
Johns Hopkins University
. Retrieved
November 5,
2011
.
- ^
"Billionaire John Malone Donates Millions to Colorado State University"
. CBS Denver. December 29, 2014
. Retrieved
April 28,
2015
.
- ^
Writer, Joe LawlorStaff (June 15, 2021).
"Maine Medical Center receives its largest gift ever, $25 million from Colorado couple"
.
Portland Press Herald
. Retrieved
March 20,
2023
.
- ^
"About the Foundation: Who We Are"
. Malone Family Foundation
. Retrieved
November 4,
2011
.
- ^
"Forbes profile: John Malone"
.
Forbes
. Retrieved
May 18,
2020
.
- ^
"John Malone: The US billionaire buying up Ireland"
.
irishtimes.com
. Retrieved
September 30,
2018
.
- ^
"Leslie Malone Is Growing U.S. Dressage One Horse And Rider At A Time"
.
www.chronofhorse.com
. Retrieved
September 30,
2018
.
- ^
"Evan Malone joins Liberty Media board"
.
Denver Business Journal
. August 14, 2008
. Retrieved
April 14,
2020
.
- ^
Bennett, Laurie.
"Billionaire Offspring on Boards Can Spell T-R-O-U-B-L-E"
.
forbes.com
. Retrieved
September 30,
2018
.
- ^
"Darth Vader and the Sun King"
.
The Independent
. London. October 1, 2000
. Retrieved
February 11,
2009
.
- ^
"An RV Story... McMansions On Wheels"
. CampHalfPrice.com. October 15, 2005
. Retrieved
February 11,
2009
.
- ^
"Colorado philanthropist, cable pioneer John Malone honored as Citizen of the West"
.
The Denver Post
. September 22, 2016
. Retrieved
June 3,
2021
.
- ^
"National Western Stock Show Citizen of the West John Malone known for loyalty, can-do Western spirit"
.
The Denver Post
. January 8, 2017
. Retrieved
June 3,
2021
.
- ^
Littleton, Cynthia (May 18, 2016).
"John Malone Talks TV Biz, Presidential Politics and His TCI Regret in Candid Q&A"
.
Variety
.
- ^
Franck, Thomas (November 21, 2019).
"Media mogul John Malone says Trump causes 'chaos' and he would vote for Bloomberg in 2020"
.
CNBC
. Retrieved
February 19,
2022
.
Further reading
[
edit
]
External links
[
edit
]
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