How'd They Do That?
Philip Frederick Anschutz (/ˈænʃuːts/ AN-shoots; born December 28, 1939) is an American billionaire businessman who owns or controls many companies in a variety of businesses, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and music. His name appears on medical and educational institutions to which he has donated millions.
His grandfather, Carl Anschutz,[6] was an ethnic German who emigrated from Russia and started the Farmers State Bank in Russell.
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.
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Philip Frederick Anschutz
Land ownership
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.[17] 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.
For several years, Anschutz was Colorado's sole billionaire. With his acquisition of land in other Western states, he became one of the 100 largest landholders in the United States.[18][19]
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."
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https://en.wikipedia.org/wiki/Philip_Anschutz
Philip Frederick Anschutz (/ˈænʃuːts/ AN-shoots; born December 28, 1939) is an American billionaire businessman who owns or controls many companies in a variety of businesses, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas and music. His name appears on medical and educational institutions to which he has donated millions.
His grandfather, Carl Anschutz,[6] was an ethnic German who emigrated from Russia and started the Farmers State Bank in Russell.
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.
~
Philip Frederick Anschutz
Land ownership
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.[17] 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.
For several years, Anschutz was Colorado's sole billionaire. With his acquisition of land in other Western states, he became one of the 100 largest landholders in the United States.[18][19]
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."
Next Chapters...
https://en.wikipedia.org/wiki/Philip_Anschutz