Ted Turner Net Worth: Why CNN Founder Won’t Leave His Entire Fortune For His Children?
One of the well-known individuals, Ted Turner, also known by his real name Robert Edward Turner III, is an American television producer, businessman, media mogul, and philanthropist. Turner's role as chairman of the United Nations Foundation is also well-known. He is the founder of CNN, the first 24-hour cable news network, and the former owner of the Atlanta Braves baseball team.
|D.O.B||November 19, 1938|
|Profession||Businessman, Founder of CNN|
|Net Worth||$2.2 Billion|
Early Life of Ted Turner
Ted Turner was born in Cincinnati on November 19, 1938. As a young lad, his family relocated to Savannah, Georgia. Turner studied at The McCallie School, a private all-boys school in Chattanooga, Tennessee.
He then enrolled at Brown University, where he served as vice president of the Brown Debating Union and captain of the sailing team.
His father was very disappointed in his choice of major Classics. He thus changed his major to Economics later on. Due to his expulsion after being seen in his room with a girl, he was never able to complete his studies at Brown University.
What is the Net Worth of Ted Turner?
According to Celebritynetworth, Ted Turner, a media mogul and businessman from Ohio, has a net worth of $2.2 billion.
Ted Turner made his money by founding CNN, TNT, and TBS and by previously owning the Atlanta Braves. Ted Turner established CNN, WTBS, MGM, TNT, and Cartoon Network, leaving his influence on the media landscape.
Overall, Ted Turner's net worth is a reflection of his success as a media mogul and his commitment to philanthropy and environmentalism. While his financial situation has fluctuated over the years, his legacy as a visionary businessman and generous philanthropist will continue to inspire generations to come.
About Ted Turner's Personal Life
Turner was married three times in his life and got divorced. In 1960, he wed Julia Gale Nye; they were divorced in 1964. His marriage to Jane Shirley Smith, which took place in 1965, ended in divorce in 1988.
He also wed the actress Jane Fonda in 1991, and the couple later got divorced. Robert Edward Turner IV, Robert Edward Turner III, Laura Turner, Beau Turner, Rhett Turner, and Jennie Turner are his other four children (daughter).
Real Estate Owned by Ted Turner
Prior to John C. Malone surpassing him in 2011, Ted was regarded as the greatest private landowner in the United States. He is the owner of almost 2 million acres of land in South Dakota, Georgia, New Mexico, and Georgia. Over 50,000 bison and head of buffalo are grazed on a large portion of his grounds.
Ted is the owner of the Vermejo Park Ranch, a nature reserve and guest ranch spread across 550,000 acres in southern Colorado and northeastern New Mexico. He owns ranch land and almost 2 million acres of personal property. He is well-known for being the second-largest owner of private land in the country.
Together with the restauranteur George McKerroe Jr., American bison rancher Ted Turner developed Ted's, Montana Grill. The primary goal of this restaurant is to save the American bison from extinction.
Why is Ted Turner Won't Be Leaving His Entire Fortune to His Children?
A public pledge established by Bill Gates, Melinda Gates, and Warren Buffett for the wealthiest people to publicly declare that they will dedicate the majority of their wealth to charitable causes either during their lifetime or in their will, the media tycoon publicly committed to giving away his fortune in 2010. He did this by signing the Giving Pledge.
He said, “My father taught me to give back from a young age. “In the late 1950s, he financed the tuition of two African-American students at his alma mater, Milsaps College, in addition to making donations to causes that he cared about.”
“Seeing someone as hard-charging as my father take the time to gently help out two young kids like this had a great impression on me,” he concluded.
Turner established the Turner Foundation, Inc. (TFI) in 1990. TFI supports initiatives to enhance air and water quality, protect environmental health, and uphold the protection of wildlife habitats, among other things.
The 83-year-old is one of the original signatories of the promise. In his Giving Pledge letter, he said that it was his civic-minded father who had first taught him the value of giving back.
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Frequently Asked Questions
Is CNN Still Under Ted Turner's Control?
In 1996, Turner sold Time Warner his entire media company, Turner Broadcasting, including CNN.
Is Ted Turner Donating Money to the UN?
Ted Turner startled the crowd at a United Nations Association gala dinner on September 18, 1997. He went there to receive the “Global Leadership Award” from UNA for his global campaigning. He abruptly stated that he would be giving the United Nations $1 billion.
What Ailment Does Ted Turner Suffer From?
In 2018, Ted Turner disclosed that he has Lewy body dementia. The 81-year-old business entrepreneur and father of cable news claimed to have been feeling worn out and forgetful.